# EDGAR Filing Document

**Accession Number:** 0000230173
**File Stem:** 0000940400-26-008236
**Filing Date:** 2026-2
**Character Count:** 58645
**Document Hash:** 51eb55340175ba93f40ec3640784ec39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008236.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008236

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02806
- **FILM NUMBER:** 26683556

**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

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

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

## Nport-Ex

Schedule of investments

Nomura Ultrashort Fund December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 8.65%** | &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 8.65%** | &nbsp;&nbsp;**Agency Commercial Mortgage-Backed Securities — 8.65%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freddie Mac Multifamily Structured Pass Through Certificates Series K058 A2 2.653% 8/25/26 ♦ | 2500000 | &nbsp;&nbsp;$2478587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-K54 B 144A 4.137% 4/25/48 #, • | 3945000 | &nbsp;&nbsp;&nbsp;&nbsp; 3932364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-K68 B 144A 3.84% 10/25/49 #, • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1977737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-K734 B 144A 4.17% 2/25/51 #, • | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1494730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-K737 B 144A 3.328% 1/25/53 #, • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1978546 |
| &nbsp;&nbsp;&nbsp;**Total Agency Commercial Mortgage-Backed Securities<br> (cost $11,764,308)** | &nbsp;&nbsp;&nbsp;**Total Agency Commercial Mortgage-Backed Securities<br> (cost $11,764,308)** | &nbsp;&nbsp;&nbsp; **11861964** |
| &nbsp;&nbsp;**Collateralized Loan Obligations — 3.12%** | &nbsp;&nbsp;**Collateralized Loan Obligations — 3.12%** | &nbsp;&nbsp;**Collateralized Loan Obligations — 3.12%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIMCO CLO Series 2017-AA BR2 144A 5.384% (TSFR03M + 1.50%, Floor 1.50%) 1/20/38 #, • | &nbsp;&nbsp;&nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp; 279169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldentree Loan Management US CLO<br> 15 Series 2022-15A XR2 144A 4.662% (TSFR03M + 0.80%, Floor 0.80%) 10/20/38 #, • | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Symphony CLO 49<br> Series 2025-49A B 144A 5.993% (TSFR03M + 1.70%, Floor 1.70%) 7/20/38 #, • | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1001128 |
| &nbsp;&nbsp;&nbsp;**Total Collateralized Loan Obligations<br> (cost $4,284,121)** | &nbsp;&nbsp;&nbsp;**Total Collateralized Loan Obligations<br> (cost $4,284,121)** | &nbsp;&nbsp;&nbsp; **4280297** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Corporate Bonds — 4.93%** | &nbsp;&nbsp;**Corporate Bonds — 4.93%** | &nbsp;&nbsp;**Corporate Bonds — 4.93%** |
| &nbsp;&nbsp;Banking — 0.81% | &nbsp;&nbsp;Banking — 0.81% | &nbsp;&nbsp;Banking — 0.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bank 3.85% 3/15/26 | 1110000 | &nbsp;&nbsp; 1109224 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1109224 |
| &nbsp;&nbsp;Capital Goods — 1.67% | &nbsp;&nbsp;Capital Goods — 1.67% | &nbsp;&nbsp;Capital Goods — 1.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashtead Capital 144A 1.50% 8/12/26 # | 1175000 | &nbsp;&nbsp; 1155217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boeing 2.196% 2/4/26 | 1145000 | &nbsp;&nbsp; 1142867 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2298084 |
| &nbsp;&nbsp;Consumer Cyclical — 1.61% | &nbsp;&nbsp;Consumer Cyclical — 1.61% | &nbsp;&nbsp;Consumer Cyclical — 1.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Credit 6.95% 6/10/26 | 1095000 | &nbsp;&nbsp; 1104730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Financial 5.40% 4/6/26 | 1105000 | &nbsp;&nbsp; 1108940 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2213670 |

---

NQ- 097 [1225] 0226 (5191634) 1

------

Schedule of investments

Nomura Ultrashort Fund

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate Bonds (continued)** | &nbsp;&nbsp;**Corporate Bonds (continued)** | &nbsp;&nbsp;**Corporate Bonds (continued)** |
| &nbsp;&nbsp;Finance Companies — 0.84% | &nbsp;&nbsp;Finance Companies — 0.84% | &nbsp;&nbsp;Finance Companies — 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AerCap Ireland Capital DAC 2.45% 10/29/26 | 1165000 | &nbsp;&nbsp;$1149486 |
|  |  | &nbsp;&nbsp;&nbsp; 1149486 |
| &nbsp;&nbsp;&nbsp;**Total Corporate Bonds<br> (cost $6,750,903)** | &nbsp;&nbsp;&nbsp;**Total Corporate Bonds<br> (cost $6,750,903)** | &nbsp;&nbsp;&nbsp; **6770464** |
| &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 38.92%** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 38.92%** | &nbsp;&nbsp;**Non-Agency Asset-Backed Securities — 38.92%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Credit Account Master Trust Series 2023-1 A 4.87% 5/15/28 | 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 1354938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARI Fleet Lease Trust Series 2024-B A2 144A 5.54% 4/15/33 # | &nbsp;&nbsp;&nbsp;&nbsp;971870 | &nbsp;&nbsp;&nbsp;&nbsp; 978864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CARDS II Trust Series 2024-1A A 144A 4.406% (SOFR + 0.68%, Floor 0.68%) 7/15/29 #, • | 1897000 | &nbsp;&nbsp;&nbsp;&nbsp; 1900368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNH Equipment Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-A A3 2.94% 7/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;387737 | &nbsp;&nbsp;&nbsp;&nbsp; 387346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-B A2A 5.42% 10/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;392017 | &nbsp;&nbsp;&nbsp;&nbsp; 392504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A A2B 4.314% (SOFR + 0.33%) 8/15/28 • | 1612717 | &nbsp;&nbsp;&nbsp;&nbsp; 1612400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell Equipment Finance Trust Series 2024-1 A3 144A 5.39% 3/22/30 # | 1854055 | &nbsp;&nbsp;&nbsp;&nbsp; 1867285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Domino's Pizza Master Issuer Series 2018-1A A2II 144A 4.328% 7/25/48 # | 2842500 | &nbsp;&nbsp;&nbsp;&nbsp; 2834167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Fleet Financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4 A2 144A 5.76% 10/22/29 # | &nbsp;&nbsp;&nbsp;&nbsp;112490 | &nbsp;&nbsp;&nbsp;&nbsp; 112871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2 A2 144A 5.56% 4/22/30 # | 1438888 | &nbsp;&nbsp;&nbsp;&nbsp; 1446889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3 A2 144A 6.40% 3/20/30 # | &nbsp;&nbsp;&nbsp;&nbsp;884078 | &nbsp;&nbsp;&nbsp;&nbsp; 894952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1 A2 144A 4.65% 10/20/27 # | 1412721 | &nbsp;&nbsp;&nbsp;&nbsp; 1418672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GM Financial Consumer Automobile Receivables Trust Series 2025-3 B 4.53% 9/16/31 | 1225000 | &nbsp;&nbsp;&nbsp;&nbsp; 1237006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GMF Floorplan Owner Revolving Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1 A2 144A 5.134% (SOFR + 1.15%) 6/15/28 #, • | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1002990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A A1 144A 4.68% 11/15/28 # | 2600000 | &nbsp;&nbsp;&nbsp;&nbsp; 2617306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harley-Davidson Motorcycle Trust Series 2022-A A4 3.26% 1/15/30 | 1363556 | &nbsp;&nbsp;&nbsp;&nbsp; 1361189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A A3 144A 5.02% 3/15/27 # | 1176936 | &nbsp;&nbsp;&nbsp;&nbsp; 1179439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C A3 144A 4.62% 4/17/28 # | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp; 704381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C B 144A 4.97% 2/15/29 # | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2526727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Auto Receivables Trust Series 2025-D A2A 4.03% 11/15/28 | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp; 1302742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Deere Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A A3 5.01% 11/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;718259 | &nbsp;&nbsp;&nbsp;&nbsp; 721564 |

---

2 NQ- 097 [1225] 0226 (5191634)

------

---

| | | |
|:---|:---|:---|
|  | 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;John Deere Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-C A3 5.48% 5/15/28 | 1152316 | &nbsp;&nbsp;$1162597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mercedes-Benz Auto Lease Trust Series 2024-A A2B 4.404% (SOFR + 0.42%) 2/16/27 • | &nbsp;&nbsp;&nbsp;&nbsp;298166 | &nbsp;&nbsp;&nbsp;&nbsp; 298214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Navistar Financial Dealer Note Master Owner Trust II Series 2025-1 A 144A 4.18% 9/25/30 # | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2007859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextGear Floorplan Master Owner Trust Series 2024-1A A1 144A 4.884% (SOFR + 0.90%, Floor 0.90%) 3/15/29 #, • | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2009407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PFS Financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-B A 144A 5.27% 5/15/28 # | 1602000 | &nbsp;&nbsp;&nbsp;&nbsp; 1609259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C A 144A 4.784% (SOFR + 0.80%, Floor 0.80%) 4/15/28 #, • | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-E A 144A 4.834% (SOFR + 0.85%) 7/15/28 #, • | 1630000 | &nbsp;&nbsp;&nbsp;&nbsp; 1632971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A A 144A 4.634% (SOFR + 0.65%, Floor 0.65%) 1/15/29 #, • | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1250964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3 B 5.61% 7/17/28 | 1917668 | &nbsp;&nbsp;&nbsp;&nbsp; 1924201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1 B 4.88% 3/17/31 | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2519792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2 A2 4.71% 6/15/28 | 1257955 | &nbsp;&nbsp;&nbsp;&nbsp; 1259832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Auto Loan Extended Note Trust Series 2022-1A A 144A 3.82% 4/25/35 # | &nbsp;&nbsp;&nbsp;&nbsp;920000 | &nbsp;&nbsp;&nbsp;&nbsp; 919438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A A3 4.63% 9/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;513640 | &nbsp;&nbsp;&nbsp;&nbsp; 514820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C A2A 5.16% 5/17/27 | &nbsp;&nbsp;&nbsp;&nbsp;487381 | &nbsp;&nbsp;&nbsp;&nbsp; 487982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Lease Owner Trust Series 2024-B A2B 144A 4.358% (SOFR + 0.44%) 2/22/27 #, • | &nbsp;&nbsp;&nbsp;&nbsp;337674 | &nbsp;&nbsp;&nbsp;&nbsp; 337731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Master Trust Series 2025-9 A1B 4.363% (SOFR + 0.42%) 10/21/30 • | 3250000 | &nbsp;&nbsp;&nbsp;&nbsp; 3250729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Omni Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-A A3 4.83% 5/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;874160 | &nbsp;&nbsp;&nbsp;&nbsp; 876115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-C A3 5.15% 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;673697 | &nbsp;&nbsp;&nbsp;&nbsp; 677643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Omni Automobile Lease Securitization Trust Series 2025-A A2B 4.374% (SOFR + 0.39%) 12/15/27 • | 1806323 | &nbsp;&nbsp;&nbsp;&nbsp; 1807196 |
| &nbsp;&nbsp;&nbsp;**Total Non-Agency Asset-Backed Securities<br> (cost $53,258,312)** | &nbsp;&nbsp;&nbsp;**Total Non-Agency Asset-Backed Securities<br> (cost $53,258,312)** | &nbsp;&nbsp;&nbsp; **53402033** |
| &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 5.21%** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 5.21%** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 5.21%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Connecticut Avenue Securities Trust Series 2025-R06 1A1 144A 4.774% (SOFR + 0.90%) 9/25/45 #, • | 3086593 | &nbsp;&nbsp;&nbsp;&nbsp; 3088689 |

---

NQ- 097 [1225] 0226 (5191634) 3

------

Schedule of investments

Nomura Ultrashort Fund

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations (continued)** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations (continued)** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations (continued)** |
| &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 2023-DNA2 M1A 144A 5.965% (SOFR + 2.10%) 4/25/43 #, • | 1336296 | &nbsp;&nbsp;$1354792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-DNA3 A1 144A 4.824% (SOFR + 0.95%) 9/25/45 #, • | 1775000 | &nbsp;&nbsp;&nbsp;&nbsp; 1775475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-DNA4 A1 144A 4.774% (SOFR + 0.90%) 10/25/45 #, • | &nbsp;&nbsp;&nbsp;&nbsp;925000 | &nbsp;&nbsp;&nbsp;&nbsp; 926159 |
| &nbsp;&nbsp;&nbsp;**Total Non-Agency Collateralized Mortgage Obligations<br> (cost $7,141,960)** | &nbsp;&nbsp;&nbsp;**Total Non-Agency Collateralized Mortgage Obligations<br> (cost $7,141,960)** | &nbsp;&nbsp;&nbsp; **7145115** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Papers — 31.50%** | &nbsp;&nbsp;**Commercial Papers — 31.50%** | &nbsp;&nbsp;**Commercial Papers — 31.50%** |
| &nbsp;&nbsp;Banking — 8.39% | &nbsp;&nbsp;Banking — 8.39% | &nbsp;&nbsp;Banking — 8.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Santander Chile 4.479% 8/3/26 | 5000000 | &nbsp;&nbsp; 4874733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BPCE 3.995% 6/3/26 | 2500000 | &nbsp;&nbsp; 2460017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC USA 4.544% 6/5/26 | 4250000 | &nbsp;&nbsp; 4179243 |
|  |  | 11513993 |
| &nbsp;&nbsp;Capital Goods — 3.46% | &nbsp;&nbsp;Capital Goods — 3.46% | &nbsp;&nbsp;Capital Goods — 3.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parker-Hannifin 4.057% 1/15/26 | 4750000 | &nbsp;&nbsp; 4742425 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4742425 |
| &nbsp;&nbsp;Consumer Cyclical — 7.28% | &nbsp;&nbsp;Consumer Cyclical — 7.28% | &nbsp;&nbsp;Consumer Cyclical — 7.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Honda Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.807% 1/9/26 | 2500000 | &nbsp;&nbsp; 2497621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.879% 1/13/26 | 2500000 | &nbsp;&nbsp; 2496569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.92% 2/4/26 | 2500000 | &nbsp;&nbsp; 2490598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.927% 1/8/26 | 2500000 | &nbsp;&nbsp; 2497896 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9982684 |
| &nbsp;&nbsp;Consumer Non-Cyclical — 4.36% | &nbsp;&nbsp;Consumer Non-Cyclical — 4.36% | &nbsp;&nbsp;Consumer Non-Cyclical — 4.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown-Forman |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.919% 1/22/26 | 3500000 | &nbsp;&nbsp; 3491932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.003% 2/4/26 | 1500000 | &nbsp;&nbsp; 1494504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark 3.703% 1/8/26 | 1000000 | &nbsp;&nbsp; 999159 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5985595 |
| &nbsp;&nbsp;Electric — 3.64% | &nbsp;&nbsp;Electric — 3.64% | &nbsp;&nbsp;Electric — 3.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTE Electric |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.819% 1/7/26 | 2000000 | &nbsp;&nbsp; 1998510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.84% 1/6/26 | 3000000 | &nbsp;&nbsp; 2998089 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4996599 |

---

4 NQ- 097 [1225] 0226 (5191634)

------

---

| | | |
|:---|:---|:---|
|  | Principalamount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Commercial Papers (continued)** | &nbsp;&nbsp;**Commercial Papers (continued)** | &nbsp;&nbsp;**Commercial Papers (continued)** |
| &nbsp;&nbsp;Financial Services — 1.82% | &nbsp;&nbsp;Financial Services — 1.82% | &nbsp;&nbsp;Financial Services — 1.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cargill Global Funding 3.661% 1/2/26 | 2500000 | &nbsp;&nbsp;$2499746 |
|  |  | &nbsp;&nbsp;&nbsp; 2499746 |
| &nbsp;&nbsp;Technology — 2.55% | &nbsp;&nbsp;Technology — 2.55% | &nbsp;&nbsp;Technology — 2.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Experian Finance 3.878% 1/2/26 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3499262 |
|  |  | &nbsp;&nbsp;&nbsp; 3499262 |
| &nbsp;&nbsp;&nbsp;**Total Commercial Papers<br> (cost $43,209,660)** | &nbsp;&nbsp;&nbsp;**Total Commercial Papers<br> (cost $43,209,660)** | &nbsp;&nbsp;&nbsp; **43220304** |

---

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares |  |
| &nbsp;&nbsp;**Short-Term Investments — 7.52%** | &nbsp;&nbsp;**Short-Term Investments — 7.52%** | &nbsp;&nbsp;**Short-Term Investments — 7.52%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.63% | &nbsp;&nbsp;Money Market Mutual Funds — 0.63% | &nbsp;&nbsp;Money Market Mutual Funds — 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.65%) | &nbsp;&nbsp;&nbsp;&nbsp;216934 | &nbsp;&nbsp; 216934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.67%) | &nbsp;&nbsp;&nbsp;&nbsp;216934 | &nbsp;&nbsp; 216934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.68%) | &nbsp;&nbsp;&nbsp;&nbsp;216934 | &nbsp;&nbsp; 216934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.69%) | &nbsp;&nbsp;&nbsp;&nbsp;216934 | &nbsp;&nbsp; 216934 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867736 |

---

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> |  |
| &nbsp;&nbsp;US Treasury Obligations — 6.89% | &nbsp;&nbsp;US Treasury Obligations — 6.89% | &nbsp;&nbsp;US Treasury Obligations — 6.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.85% 2/3/26^ | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4984439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.92% 3/5/26^ | 4500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4472703 |
|  |  | &nbsp;&nbsp;&nbsp; 9457142 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $10,320,012)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $10,320,012)** | &nbsp;&nbsp;&nbsp; **10324878** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.85%<br> (cost $136,729,276)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**137005055** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.15%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **202194** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 13,771,409 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$137207249** |

---

---

| | |
|:---|:---|
| ° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |

---

NQ- 097 [1225] 0226 (5191634) 5

------

Schedule of investments

Nomura Ultrashort Fund

---

| | |
|:---|:---|
| ♦ | Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2025, the aggregate value of Rule 144A securities was $52,217,229, which represents 38.06% of the Fund's net assets. |
| • | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at December 31, 2025. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. SOFR01M, SOFR03M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |
| ^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| CLO – Collateralized Loan Obligation |
| DAC – Designated Activity Company |
| FREMF – Freddie Mac Multifamily |
| REMIC – Real Estate Mortgage Investment Conduit |
| SOFR – Secured Overnight Financing Rate |
| SOFR01M – Secured Overnight Financing Rate 1 Month |
| SOFR03M – Secured Overnight Financing Rate 3 Month |
| TSFR03M – 3 Month Term Secured Overnight Financing Rate |
| USD – US Dollar |

---

6 NQ- 097 [1225] 0226 (5191634)

## 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:** Nomura Ultrashort Fund

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

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

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $137405828.17

**Total Liabilities:** $707271.67

**Net Assets:** $136698556.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1551.54470000 | **1-Year:** 5918.87753000 | **5-Year:** 3102.30893000 | **10-Year:** 235.15029000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162386 | 0.36%                | 0.33%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $753.06                  | $-52334.41                                 |
| Month 2  | $2726.47                 | $783.89                                    |
| Month 3  | $3796.16                 | $13891.72                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HSBC USA INC                                   | HSBC USA INC NEW 0% CP 05/06/2026                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4179243.03   | 3.06%             | 2026-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK CORP                            | KIMBERLY-CLARK CORP                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999159.00    | 0.73%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| General Motors                                 | GMF Floorplan Owner Revolving Trust                          | CUSIP: 361886CS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002990.50   | 0.73%             | 2028-06-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| EXPERIAN FINANCE PLC                           | EXPERIAN FINANCE PLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3500000 | PA      | $3499262.20   | 2.56%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                 | Hyundai Auto Receivables Trust 2025-D                        | CUSIP: 44891XAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1302741.70   | 0.95%             | 2028-11-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC                           | Fifth Third Bank NA                                          | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1109224.33   | 0.81%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                        | HYUNDAI CAPITAL AMERICA                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2490597.75   | 1.82%             | 2026-02-04      | 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        |    112490 | PA      | $112870.84    | 0.08%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                | DTE ELECTRIC CO                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998510.60   | 1.46%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                           | CUSIP: 69335PFL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1630000 | PA      | $1632970.84   | 1.19%             | 2028-07-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2023-3                | CUSIP: 80285XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1917668 | PA      | $1924201.19   | 1.41%             | 2028-07-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                           | CUSIP: 69335PEV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1602000 | PA      | $1609258.82   | 1.18%             | 2028-05-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL                 | Domino's Pizza Master Issuer LLC                             | CUSIP: 25755TAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2842500 | PA      | $2834166.64   | 2.07%             | 2048-07-25      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                 | Mercedes-Benz Auto Lease Trust 2024-A                        | CUSIP: 58770JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298166 | PA      | $298213.72    | 0.22%             | 2027-02-16      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owne                 | NextGear Floorplan Master Owner Trust                        | CUSIP: 65341KBY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2009406.80   | 1.47%             | 2029-03-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER CHILE                          | BANCO SANTANDER CHILE                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |   5000000 | PA      | $4874732.50   | 3.57%             | 2026-08-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Tru                 | Harley-Davidson Motorcycle Trust 2022-A                      | CUSIP: 41284YAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1363555 | PA      | $1361189.42   | 1.00%             | 2030-01-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2025-1 LLC                        | CUSIP: 29390HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1412721 | PA      | $1418671.71   | 1.04%             | 2027-10-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr                 | World Omni Auto Receivables Trust 2023-C                     | CUSIP: 98164FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    673697 | PA      | $677643.17    | 0.50%             | 2028-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2023-3 LLC                        | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    884078 | PA      | $894952.27    | 0.65%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr                 | World Omni Auto Receivables Trust 2023-A                     | CUSIP: 98164JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    874160 | PA      | $876114.97    | 0.64%             | 2028-05-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                        | HYUNDAI CAPITAL AMERICA                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2497896.50   | 1.83%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing 2023-2 LLC                        | CUSIP: 29375NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1438888 | PA      | $1446888.71   | 1.06%             | 2030-04-22      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Aimco                                          | AIMCO CLO Series 2017-A                                      | CUSIP: 00900CAY0<br>LEI: 549300MMTPNJGGRMPB33 | Long             | ABS-CBDO         | CORP              | KY        |    280000 | PA      | $279169.24    | 0.20%             | 2038-01-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2016-K54 Mortgage Trust                                | CUSIP: 30288RAE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3945000 | PA      | $3932364.17   | 2.88%             | 2048-04-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                | DTE ELECTRIC CO                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998088.70   | 2.19%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                            | CNH Equipment Trust 2022-A                                   | CUSIP: 12660DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    387737 | PA      | $387346.47    | 0.28%             | 2027-07-15      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                         | John Deere Owner Trust 2023-C                                | CUSIP: 47787CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1152315 | PA      | $1162597.25   | 0.85%             | 2028-05-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                                  | CUSIP: 912797RV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4472703.45   | 3.27%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2025-2                | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1257955 | PA      | $1259831.98   | 0.92%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| General Motors                                 | GMF Floorplan Owner Revolving Trust                          | CUSIP: 361886DK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2617305.86   | 1.91%             | 2028-11-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                   | Dell Equipment Finance Trust 2024-1                          | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1854055 | PA      | $1867284.76   | 1.37%             | 2030-03-22      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2025-R06                 | CUSIP: 20754YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3086592 | PA      | $3088688.58   | 2.26%             | 2045-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                 | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BSP72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2478587.00   | 1.81%             | 2026-08-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA                                 | AMERICAN HONDA 01/09/2026                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2497620.75   | 1.83%             | 2026-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                 | Hyundai Auto Lease Securitization Trust 2024-C               | CUSIP: 448984AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2526726.75   | 1.85%             | 2029-02-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                            | Ashtead Capital Inc                                          | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1155217.00   | 0.85%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                          | ARI Fleet Lease Trust 2024-B                                 | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    971870 | PA      | $978863.55    | 0.72%             | 2033-04-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                                  | CUSIP: 912797SJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4984438.50   | 3.65%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                       | Toyota Lease Owner Trust 2024-B                              | CUSIP: 891943AC6<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |    337674 | PA      | $337730.79    | 0.25%             | 2027-02-22      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term                  | Gm Financial Consumer Automobile Receivables Trust 2025-3    | CUSIP: 379957AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1225000 | PA      | $1237006.10   | 0.90%             | 2031-09-16      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2019-K734 Mortgage Trust                               | CUSIP: 302977AS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1494730.35   | 1.09%             | 2051-02-25      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund               | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    216934 | NS      | $216934.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Equipment Trust                            | CNH Equipment Trust 2024-B                                   | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    392017 | PA      | $392504.09    | 0.29%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Se                 | World Omni Automobile Lease Securitization Trust 2025-A      | CUSIP: 98164PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1806323 | PA      | $1807195.67   | 1.32%             | 2027-12-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2023-DNA2                      | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | CORP              | US        |   1336296 | PA      | $1354791.78   | 0.99%             | 2043-04-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                              | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1108939.88   | 0.81%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                         | John Deere Owner Trust 2023                                  | CUSIP: 47800CAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    718259 | PA      | $721563.68    | 0.53%             | 2027-11-15      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                 | CARDS II Trust                                               | CUSIP: 14161GCJ7<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   1897000 | PA      | $1900368.31   | 1.39%             | 2029-07-15      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                           | Verizon Master Trust Series 2025-9                           | CUSIP: 92348KEW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3250728.98   | 2.38%             | 2030-10-21      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust    | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1165000 | PA      | $1149485.35   | 0.84%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                                   | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    216934 | NS      | $216934.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO 49 Ltd                                          | CUSIP: 871970AE9<br>LEI: 254900BYQFV5C4XOYM09 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001128.00   | 0.73%             | 2038-07-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note                 | Navistar Financial Dealer Note Master Owner Trust II 2025-1  | CUSIP: 63938PBZ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2007859.20   | 1.47%             | 2030-09-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                            | CNH Equipment Trust 2025-A                                   | CUSIP: 12674BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1612717 | PA      | $1612399.96   | 1.18%             | 2028-08-15      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 17-K68 Mortgage Trust                                  | CUSIP: 30305EAE8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1977737.20   | 1.45%             | 2049-10-25      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                        | BPCE DISC COML PAPER 4/2 YRS 1 0% CP 03/06/2026              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2460017.00   | 1.80%             | 2026-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                 | Hyundai Auto Lease Securitization Trust 2024-C               | CUSIP: 448984AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $704381.37    | 0.52%             | 2028-04-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP                              | BROWN-FORMAN CORP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494504.45   | 1.09%             | 2026-02-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                 | Hyundai Auto Lease Securitization Trust 2024-A               | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1176936 | PA      | $1179438.61   | 0.86%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                                  | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    216934 | NS      | $216934.03    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                           | CUSIP: 69335PFS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1250964.50   | 0.92%             | 2029-01-15      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                                | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    216934 | NS      | $216934.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Credit Accoun                 | American Express Credit Account Master Trust                 | CUSIP: 02582JJZ4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1354937.63   | 0.99%             | 2028-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FIN CORP 0.0 13JAN26            | AMERICAN HONDA FIN CORP 0.0 13JAN26                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2496569.00   | 1.83%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                           | PARKER-HANNIFIN CORP                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4742425.18   | 3.47%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co LLC                                     | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1104730.17   | 0.81%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF 2020-K737 Mortgage Trust                               | CUSIP: 30300SAS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1978545.60   | 1.45%             | 2053-01-25      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner                  | Toyota Auto Receivables 2023-A Owner Trust                   | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    513640 | PA      | $514820.08    | 0.38%             | 2027-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CARGILL GLOBAL FUND PLC                        | CARGILL GLOBAL FUNDING PLC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2499745.84   | 1.83%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                            | PFS Financing Corp                                           | CUSIP: 69335PFG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000683.50   | 0.73%             | 2028-04-15      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2025-DNA4                      | CUSIP: 35564UBQ9<br>LEI: 529900ZVQVVVNGMGDO97 | Long             | ABS-MBS          | CORP              | US        |    925000 | PA      | $926159.21    | 0.68%             | 2045-10-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                  | Goldentree Loan Management US Clo 15 Ltd                     | CUSIP: 38139BAY5<br>LEI: 549300JGUKVX0EDNOJ93 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3000000.00   | 2.19%             | 2038-10-20      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note                 | Toyota Auto Loan Extended Note Trust 2022-1                  | CUSIP: 89231EAA1<br>LEI: 549300VJ12IVOF78MZ11 | Long             | ABS-O            | CORP              | US        |    920000 | PA      | $919438.43    | 0.67%             | 2035-04-25      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP                              | BROWN-FORMAN CORP                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3491931.45   | 2.55%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1142866.98   | 0.84%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner                  | Toyota Auto Receivables 2024-C Owner Trust                   | CUSIP: 89237QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487381 | PA      | $487982.16    | 0.36%             | 2027-05-17      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2025-1                | CUSIP: 80288DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2519792.00   | 1.84%             | 2031-03-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac Stacr Remic Trust 2025-Dna3                      | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1775475.52   | 1.30%             | 2045-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

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

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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