Edgar Filing: Delaware Enhanced Global Dividend & Income Fund

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:	811-22050

Exact name of registrant as specified in charter:	Delaware Enhanced Global Dividend
	and Income Fund

Address of principal executive offices:	2005 Market Street
	Philadelphia, PA 19103

Name and address of agent for service:	David F. Connor, Esq.
	2005 Market Street
	Philadelphia, PA 19103

Registrant’s telephone number, including area code:	(800) 523-1918

Date of fiscal year end:	November 30

Date of reporting period:	February 28, 2015

Item 1. Schedule of Investments.

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund
February 28, 2015 (Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock – 70.78%❖
Consumer Discretionary – 8.26%
	AMC Entertainment Holdings	7,023	$	241,451
	Ford Motor	40,600		663,404
	Johnson Controls	17,000		863,770
	Kering	6,668		1,357,992
	Mattel	26,700		702,744
	Nitori Holdings	39,608		2,622,432
	Publicis Groupe	21,287		1,735,775
	Sumitomo Rubber Industries	99,400		1,718,435
	Target	8,300		637,689
	Techtronic Industries	390,500		1,351,873
	Toyota Motor	48,005		3,235,783
	Yue Yuen Industrial Holdings	561,500		2,179,149
				17,310,497
Consumer Staples – 6.11%
	Aryzta *†	33,137		2,647,902
	Carlsberg Class B	19,975		1,709,019
	Coca-Cola Amatil	157,865		1,283,969
	ConAgra Foods	33,900		1,185,822
	Japan Tobacco	41,900		1,321,241
	Kimberly-Clark	11,200		1,228,192
	Kraft Foods Group	19,200		1,229,952
	Lorillard	18,900		1,293,138
	Tesco	242,126		917,320
				12,816,555
Diversified REITs – 1.00%
	Champion REIT	125,000		61,889
	Dexus Property Group	6,652		41,056
	Fibra Uno Administracion	87,563		246,003
	Gramercy Property Trust	56,536		398,579
	Investors Real Estate Trust *	10,260		78,592
	Kenedix Office Investment	50		284,651
	Lexington Realty Trust	29,584		320,395
	Mapletree Logistics Trust	70,996		64,080
	NSI	89		426
	Orix JREIT *	40		57,248
	Stockland	70,059		256,717
	Vornado Realty Trust	2,641		290,616
				2,100,252
Energy – 5.79%
	Chevron	7,100		757,428
	CNOOC	1,054,000		1,513,897
	ConocoPhillips	13,100		854,120
	Halcon Resources †	2,944		5,652
	Marathon Oil	23,600		657,496
	Occidental Petroleum	7,200		560,736
	Royal Dutch Shell ADR *	18,200		1,240,330
	Saipem †	72,883		749,093
	Spectra Energy	24,700		876,603
	Subsea 7	16,338		161,990
	Suncor Energy *	45,700		1,371,877
	Total	26,586		1,434,978
	Total ADR	23,600		1,265,668
	Williams	13,900		681,656
				12,131,524
Financials – 9.61%
	Ashford †	710		97,987
	AXA	130,188		3,305,488
	Bank Rakyat Indonesia
	Persero	1,297,000		1,291,983
	BB&T	34,100		1,297,505
	Gallagher (Arthur J.)	26,400		1,240,536
	ING Groep CVA †	138,098		2,063,770
	Mitsubishi UFJ Financial
	Group	518,828		3,373,119
	Nordea Bank	195,801		2,642,452
	Nordea Bank FDR	46,352		623,452
	Solar Capital	8,309		167,177
	Standard Chartered	162,021		2,478,849
	UniCredit	233,816		1,555,450
				20,137,768
Healthcare – 9.47%
	AbbVie	16,000		968,000
	AstraZeneca ADR	14,300		985,270
	Baxter International	13,200		912,780
	Bristol-Myers Squibb	13,000		791,960
	Johnson & Johnson	9,700		994,347
	Merck	22,800		1,334,712
	Novartis *	38,942		3,979,549
	Pfizer	45,560		1,563,619
	Sanofi	30,832		3,025,738
	STADA Arzneimittel *	47,255		1,551,979
	Teva Pharmaceutical
	Industries ADR	65,500		3,734,810
				19,842,764
Healthcare REITs – 0.35%
	Health Care REIT	3,525		271,813
	Healthcare Realty Trust	1,354		38,643
	Healthcare Trust of America
	Class A	7,610		211,177
	Ventas	2,885		214,846
				736,479

(continues) NQ-DEX [2/15] 4/15 (14204) 1

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock❖ (continued)
Hotel REITs – 0.68%
	Ashford Hospitality Prime	12,360	$	201,097
	Ashford Hospitality Trust	61,800		658,170
	DiamondRock Hospitality	12,256		177,467
	Pebblebrook Hotel Trust	2,322		112,803
	Strategic Hotels & Resorts †	12,516		164,210
	Summit Hotel Properties	9,300		122,109
				1,435,856
Industrial REITs – 0.98%
	DCT Industrial Trust	4,219		152,222
	Goodman Group	49,447		241,070
	Prologis	385		16,443
	Prologis Property Mexico †	294,100		561,090
	STAG Industrial	35,063		874,822
	Terreno Realty	9,357		206,228
				2,051,875
Industrials – 7.99%
	Deutsche Post	66,924		2,278,840
	East Japan Railway	26,161		2,194,663
	ITOCHU	199,502		2,234,849
	Koninklijke Philips *	68,596		2,054,836
	Meggitt	169,986		1,430,259
	Raytheon	12,000		1,305,240
	Rexel *	51,167		999,688
	Vinci	34,617		2,053,805
	Waste Management	23,500		1,280,280
	WestJet Airlines @	38,643		905,647
				16,738,107
Information Technology – 6.58%
	CA	40,200		1,307,304
	Canon ADR	25,000		813,000
	CGI Group Class A †	67,740		2,834,330
	Cisco Systems	52,600		1,552,226
	Intel	33,700		1,120,525
	Microsoft	23,800		1,043,630
	Playtech	82,758		979,965
	Symantec	41,400		1,041,624
	Teleperformance *	40,073		3,095,422
				13,788,026
Mall REITs – 0.77%
	General Growth Properties	12,497		362,538
	Pennsylvania Real Estate
	Investment Trust	8,500		193,630
	Simon Property Group	5,605		1,066,968
				1,623,136
Manufactured Housing REIT – 0.08%
	Equity Lifestyle Properties	3,156		170,014
				170,014
Materials – 3.67%
	AuRico Gold	152,573		538,191
	Dow Chemical	16,500		812,460
	duPont (E.I.) deNemours	10,200		794,070
	Lafarge *	22,207		1,648,525
	Rexam	206,547		1,772,959
	Rio Tinto	31,263		1,540,631
	Tarkett *	6,400		150,429
	Yamana Gold	102,366		434,781
				7,692,046
Mixed REITs – 0.19%
	CyrusOne	4,151		123,368
	Duke Realty	11,447		244,508
	PS Business Parks	400		33,272
				401,148
Mortgage REITs – 0.27%
	Chimera Investment	17,000		54,570
	Starwood Property Trust	20,900		509,960
				564,530
Multifamily REITs – 0.73%
	American Residential
	Properties †	9,627		166,932
	Apartment Investment &
	Management	15,728		592,631
	Camden Property Trust	5,109		371,884
	Equity Residential	1,597		123,017
	Essex Property Trust	297		66,062
	Post Properties	3,769		214,343
				1,534,869
Office REITs – 1.18%
	alstria office REIT *†	33,657		464,186
	Easterly Government
	Properties †	60,000		966,000
	Equity Commonwealth †	13,433		355,303
	Link REIT	33,000		210,615
	Paramount Group †	5,908		108,412
	Parkway Properties	20,673		364,052
				2,468,568
Self-Storage REIT – 0.17%
	Extra Space Storage	5,300		348,634
				348,634
Shopping Center REITs – 1.11%
	Charter Hall Retail REIT	71,117		253,370

2 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock❖ (continued)
Shopping Center REITs (continued)
	DDR	11,247	$	213,018
	First Capital Realty	2,922		45,903
	Kimco Realty	12,857		337,882
	Kite Realty Group Trust	16,234		459,747
	Ramco-Gershenson Properties
	Trust	19,634		367,548
	Regency Centers	900		59,067
	Scentre Group	40,548		122,285
	Urban Edge Properties †	1,320		31,601
	Westfield	16,989		130,213
	Wheeler Real Estate
	Investment Trust *@	88,713		303,398
				2,324,032
Single Tenant REIT – 0.08%
	Spirit Realty Capital	13,069		160,095
				160,095
Specialty REITs – 0.35%
	EPR Properties	2,626		160,212
	Nippon Prologis REIT	250		576,827
				737,039
Telecommunications – 4.00%
	AT&T *	41,900		1,448,064
	Century Communications =†	125,000		0
	Mobile Telesystems ADR	101,500		1,004,850
	Nippon Telegraph &
	Telephone	42,901		2,661,139
	NTT DOCOMO ADR	39,900		711,417
	Tele2 Class B	146,655		1,721,462
	Verizon Communications	16,800		830,760
				8,377,692
Utilities – 1.36%
	Abengoa Yield *	3,271		107,256
	American Water Works	800		43,264
	Edison International	10,100		648,925
	National Grid	78,225		1,070,726
	National Grid ADR *	11,400		781,584
	NorthWestern *	3,800		205,922
				2,857,677

Total Common Stock
	(cost $126,568,351)			148,349,183

Convertible Preferred Stock – 3.72%
	Chesapeake Energy 144A
	5.75% exercise price
	$26.14, expiration date
	12/31/49 #	240		241,950
	Dynegy 5.375% exercise price
	$38.75, expiration date
	11/1/17 *@	5,560		558,502
	El Paso Energy Capital Trust I
	4.75% exercise price
	$34.49, expiration date
	3/31/28	1,950		117,078
	Exelon 6.50% exercise price
	$43.75, expiration date
	6/1/17 *	12,500		620,000
	Halcon Resources 5.75%
	exercise price $6.16,
	vexpiration date 12/31/49	397		138,057
	HealthSouth 6.50% exercise
	price $29.70, expiration
	date 12/31/49	756		1,111,037
	Huntington Bancshares
	8.50% exercise price
	$11.95, expiration date
	12/31/49	510		698,700
	Intelsat 5.75% exercise price
	$22.05, expiration date
	5/1/16	22,289		819,567
	Laclede Group 6.75%
	exercise price $57.81,
	expiration date 4/1/17	4,379		237,692
	Maiden Holdings 7.25%
	exercise price $15.35,
	expiration date 9/15/16	19,850		1,006,593
	SandRidge Energy 8.50%
	exercise price $8.01,
	expiration date 12/31/49	5,955		287,329
	T-Mobile US 5.50% exercise
	price $31.02, expiration
	date 12/15/17	6,674		403,110
	Wells Fargo 7.50% exercise
	price $156.71, expiration
	date 12/31/49	695		842,660
	Weyerhaeuser 6.375%
	exercise price $33.13,
	expiration date 7/1/16	11,489		670,268
	Wheeler Real Estate
	Investment Trust 9.00%
	exercise price $5.00,
	expiration date
	12/31/49 @=	34		35,385
Total Convertible Preferred
	Stock (cost $7,950,885)			7,787,928

(continues) NQ-DEX [2/15] 4/15 (14204) 3

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Number of	Value
		shares	(U.S. $)
Exchange-Traded Note – 0.08%
	iPATH S&P 500 VIX
	Short-Term Futures ETN *†	6,250	$	172,625
Total Exchange-Traded Note
	(cost $1,178,000)			172,625

		Principal
		amount°
Agency Collateralized Mortgage Obligations – 0.05%
	Fannie Mae REMICs
	Series 2001-50 BA
	7.00% 10/25/41	68,596		78,392
	Freddie Mac REMICs
	Series 2557 WE
	5.00% 1/15/18	17,867		18,655
Total Agency Collateralized
	Mortgage Obligations
	(cost $87,830)			97,047

Agency Mortgage-Backed Securities – 0.42%
	Fannie Mae ARM
	2.08% 3/1/38 ●	8,197		8,714
	2.127% 10/1/36 ●	5,701		6,063
	2.238% 4/1/36 ●	20,405		21,750
	2.298% 10/1/36 ●	8,613		9,167
	2.311% 4/1/36 ●	6,476		6,910
	2.315% 11/1/35 ●	4,543		4,869
	2.42% 5/1/43 ●	4,434		4,511
	2.546% 6/1/43 ●	1,993		2,036
	3.311% 9/1/43 ●	4,788		5,015
	Fannie Mae S.F. 15 yr
	4.00% 11/1/25	78,347		83,730
	5.50% 1/1/23	11,292		12,261
	Fannie Mae S.F. 20 yr
	4.00% 2/1/31	3,200		3,455
	5.50% 12/1/29	741		834
	Fannie Mae S.F. 30 yr
	4.00% 11/1/40	1,691		1,815
	4.50% 7/1/36	1,513		1,652
	6.50% 6/1/36	9,963		11,873
	6.50% 10/1/36	8,063		9,758
	Freddie Mac ARM
	2.249% 7/1/36 ●	5,300		5,651
	2.265% 10/1/36 ●	9,331		9,946
	Freddie Mac S.F. 15 yr
	4.00% 5/1/25	677		724
	5.00% 6/1/18	3,400		3,588
	5.00% 12/1/22	20,653		22,314
	Freddie Mac S.F. 30 yr
	5.00% 1/1/34	208,743		231,646
	6.00% 2/1/36	978		1,118
	7.00% 11/1/33	19,741		23,952
	9.00% 9/1/30	35,316		38,255
	FREMF Mortgage Trust
	Series 2011-K10 B 144A
	4.617% 11/25/49 #●	10,000		10,816
	Series 2012-K22 B 144A
	3.687% 8/25/45 #●	10,000		10,386
	Series 2013-K712 B 144A
	3.368% 5/25/45 #●	20,000		20,462
	GNMA I S.F. 30 yr
	7.50% 12/15/23	41,463		47,851
	7.50% 1/15/32	35,828		43,645
	9.50% 9/15/17	22,426		23,165
	GNMA II S.F. 30 yr
	6.00% 11/20/28	38,919		44,426
	6.50% 2/20/30	130,156		144,319
Total Agency
	Mortgage-Backed
	Securities (cost $800,197)			876,677

Commercial Mortgage-Backed Securities – 0.06%
	Banc of America Commercial
	Mortgage Trust
	Series 2006-1 AM
	5.421% 9/10/45 ●	10,000		10,303
	Series 2007-4 AM
	5.821% 2/10/51 ●	35,000		38,000
	Goldman Sachs Mortgage
	Securities II
	Series 2005-GG4 A4A
	4.751% 7/10/39	2,114		2,113
	Goldman Sachs Mortgage
	Securities Trust
	Series 2006-GG6 A4
	5.553% 4/10/38 ●	10,000		10,200
	JPMorgan Chase Commercial
	Mortgage Securities Trust
	Series 2006-LDP8 AM
	5.44% 5/15/45	35,000		36,948
	Lehman Brothers-UBS
	Commercial Mortgage
	Trust
	Series 2006-C6 AJ
	5.452% 9/15/39 ●	10,000		10,480

4 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Commercial Mortgage-Backed Securities (continued)
	Lehman Brothers-UBS
	Commercial Mortgage
	Trust
	Series 2006-C6 AM
	5.413% 9/15/39	20,000	$	21,133
Total Commercial
	Mortgage-Backed
	Securities (cost $130,297)			129,177

Convertible Bonds – 12.72%
Basic Industry – 0.77%
	Abengoa 144A 5.125%
	exercise price $38.74,
	expiration date 2/23/17 #	600,000		600,000
	Peabody Energy 4.75%
	exercise price $57.62,
	expiration date 12/15/41 *	391,000		183,770
	RTI International Metals
	1.625% exercise price
	$40.72, expiration date
	10/10/19 *	831,000		823,209
				1,606,979
Capital Goods – 0.44%
	Cemex 3.25% exercise price
	$9.65, expiration date
	3/9/16	222,000		260,573
	Titan Machinery 3.75%
	exercise price $43.17,
	expiration date 4/30/19 *	897,000		655,371
				915,944
Communications – 1.50%
	Alaska Communications
	Systems Group 6.25%
	exercise price $10.28,
	expiration date 4/27/18	672,000		651,840
	Clearwire Communications
	144A 8.25% exercise price
	$7.08, expiration date
	11/30/40 #	562,000		615,390
	Liberty Interactive
	0.75% exercise price
	$1,000.00, expiration date
	3/30/43	544,000		775,880
	144A 1.00% exercise price
	$74.31, expiration date
	9/28/43 #	975,000		1,093,219
				3,136,329
Consumer Cyclical – 1.12%
	Huron Consulting Group
	144A 1.25% exercise price
	$79.89, expiration date
	9/27/19 #	565,000		614,437
	Iconix Brand Group 2.50%
	exercise price $30.75,
	expiration date 5/31/16	436,000		519,113
	Meritor 4.00% exercise price
	$26.73, expiration date
	2/12/27 ϕ	1,149,000		1,215,308
				2,348,858
Consumer Non-Cyclical – 2.35%
	BioMarin Pharmaceutical
	1.50% exercise price
	$94.15, expiration date
	10/13/20	343,000		472,054
	Hologic
	2.00% exercise price
	$31.17, expiration date
	2/27/42 *ϕ	597,000		738,041
	2.00% exercise price
	$38.59, expiration date
	12/15/43	607,000		700,326
	NuVasive 2.75% exercise
	price $42.13, expiration
	date 6/30/17	941,000		1,187,424
	Spectrum Pharmaceuticals
	2.75% exercise price
	$10.53, expiration date
	12/13/18	758,000		698,781
	Vector Group
	1.75% exercise price
	$25.87, expiration date
	4/15/20	838,000		904,516
	2.50% exercise price
	$16.78, expiration date
	1/14/19 ●	157,000		229,051
				4,930,193
Energy – 0.75%
	Chesapeake Energy 2.50%
	exercise price $47.77,
	expiration date 5/15/37	349,000		340,275
	Energy XXI 3.00% exercise
	price $40.40, expiration
	date 12/13/18	980,000		382,200
	Helix Energy Solutions Group
	3.25% exercise price
	$25.02, expiration date
	3/12/32 *	396,000		402,683

(continues) NQ-DEX [2/15] 4/15 (14204) 5

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

			Principal	Value
			amount°	(U.S. $)
Convertible Bonds (continued)
Energy (continued)
	Vantage Drilling 144A 5.50%
	exercise price $2.39,
	expiration date 7/15/43 #		654,000	$	451,260
					1,576,418
Financials – 1.32%
	Ares Capital 5.75% exercise
	price $19.13, expiration
	date 2/1/16		718,000		746,271
	BGC Partners 4.50% exercise
	price $9.84, expiration
	date 7/13/16 *		791,000		859,718
	Gain Capital Holdings
	4.125% exercise price
	$12.00, expiration date
	11/30/18		446,000		474,711
	New Mountain Finance 144A
	5.00% exercise price
	$15.93, expiration date
	6/14/19 #		666,000		681,401
					2,762,101
Industrials – 0.31%
	General Cable 4.50% exercise
	price $34.47, expiration
	date 11/15/29 ϕ		924,000		646,223
					646,223
Real Estate Investment Trusts – 1.06%
	Blackstone Mortgage Trust
	5.25% exercise price
	$28.66, expiration date
	12/1/18 *		970,000		1,010,619
	Campus Crest Communities
	Operating Partnership
	144A 4.75% exercise price
	$12.56, expiration date
	10/11/18 #		663,000		641,038
	Lexington Realty Trust 144A
	6.00% exercise price
	$6.60, expiration date
	1/11/30 #		363,000		580,800
					2,232,457
Technology – 3.10%
	Blucora 4.25% exercise price
	$21.66, expiration date
	3/29/19		416,000		397,280
	Cardtronics 1.00% exercise
	price $52.35, expiration
	date 11/27/20 *		1,096,000		1,078,190
	Ciena 144A 3.75% exercise
	price $20.17, expiration
	date 10/15/18 #		683,000		869,544
	Electronics For Imaging 144A
	0.75% exercise price
	$52.72, expiration date
	8/29/19 #		380,000		386,413
	Intel 3.25% exercise price
	$21.47, expiration date
	8/1/39		401,000		663,156
	j2 Global 3.25% exercise
	price $69.37, expiration
	date 6/14/29		789,000		922,144
	Nuance Communications
	2.75% exercise price
	$32.30, expiration date
	11/1/31		712,000		706,660
	PROS Holdings 144A 2.00%
	exercise price $33.79,
	expiration date 11/27/19 #		456,000		458,565
	SanDisk 1.50% exercise price
	$51.36, expiration date
	8/11/17		370,000		600,094
	VeriSign 4.136% exercise
	price $34.37, expiration
	date 8/15/37		220,000		420,750
					6,502,796
Total Convertible Bonds
	(cost $25,580,080)				26,658,298

Corporate Bonds – 43.92%
Automotives – 0.77%
	Gates Global 144A
	6.00% 7/15/22 #*		585,000		564,525
	General Motors
	4.875% 10/2/23		190,000		207,930
	International Automotive
	Components Group 144A
	9.125% 6/1/18 #		450,000		457,875
	Meritor
	6.25% 2/15/24		135,000		138,037
	6.75% 6/15/21		225,000		236,813
					1,605,180
Banking – 2.52%
	Australia & New Zealand
	Banking Group
	5.528% 6/20/22 ●	AUD	1,799,000		1,466,875
	Banco Santander Mexico
	144A 5.95% 1/30/24 #●		200,000		211,540

6 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Banking (continued)
	Bank of America
	4.25% 10/22/26	15,000	$	15,392
	6.50% 10/29/49 ●	465,000		493,917
	Barclays Bank
	7.625% 11/21/22	375,000		429,844
	BB&T 2.45% 1/15/20	35,000		35,530
	City National 5.25% 9/15/20	5,000		5,768
	Credit Suisse Group 144A
	7.50% 12/29/49 #*●	400,000		430,000
	Goldman Sachs Group
	6.15% 4/1/18	20,000		22,490
	HSBC Holdings
	4.00% 3/30/22	20,000		21,608
	6.375% 12/29/49 *●	415,000		427,243
	JPMorgan Chase
	4.125% 12/15/26	30,000		30,869
	6.75% 1/29/49 ●	430,000		466,412
	Lloyds Banking Group 7.50%
	4/30/49 *●	445,000		467,250
	Northern Trust
	3.95% 10/30/25	30,000		32,012
	PNC Funding 5.625% 2/1/17	35,000		37,707
	Popular 7.00% 7/1/19	560,000		565,600
	Santander Holdings USA
	4.625% 4/19/16	10,000		10,377
	State Street 3.10% 5/15/23	5,000		5,028
	SunTrust Bank
	2.35% 11/1/18	10,000		10,149
	USB Capital IX
	3.50% 10/29/49 ●	80,000		67,808
	Wells Fargo
	3.00% 2/19/25	15,000		14,978
	5.875% 12/29/49 *●	5,000		5,275
	Zions Bancorp
	4.50% 6/13/23	5,000		5,266
				5,278,938
Basic Industry – 4.01%
	AK Steel
	7.625% 5/15/20	296,000		270,100
	7.625% 10/1/21 *	205,000		179,887
	ArcelorMittal
	6.25% 3/1/21	120,000		131,250
	10.60% 6/1/19	15,000		18,581
	Bombardier
	144A 5.50% 9/15/18 #	45,000		45,000
	144A 7.50% 3/15/25 #	130,000		130,000
	Builders FirstSource 144A
	7.625% 6/1/21 #*	430,000		436,450
	CF Industries 6.875% 5/1/18	25,000		28,516
	Cliffs Natural Resources
	5.95% 1/15/18	155,000		139,500
	CPG Merger Sub 144A
	8.00% 10/1/21 #	325,000		329,063
	Dow Chemical
	3.50% 10/1/24	5,000		5,103
	8.55% 5/15/19	34,000		42,509
	First Quantum Minerals
	144A 6.75% 2/15/20 #	77,000		71,995
	144A 7.00% 2/15/21 #	172,000		160,390
	144A 7.25% 5/15/22 #	200,000		185,250
	FMG Resources August 2006
	144A 6.875% 4/1/22 #*	450,000		378,000
	144A 8.25% 11/1/19 #*	200,000		189,750
	Freeport-McMoRan
	4.00% 11/14/21	5,000		4,822
	4.55% 11/14/24	10,000		9,461
	Georgia-Pacific
	8.00% 1/15/24	20,000		26,587
	Grace (W.R.)
	144A 5.125% 10/1/21 #	165,000		171,187
	144A 5.625% 10/1/24 #*	165,000		177,994
	Hardwoods Acquisition 144A
	7.50% 8/1/21 #	280,000		270,200
	HD Supply 11.50% 7/15/20	345,000		398,475
	INEOS Group Holdings 144A
	6.125% 8/15/18 #*	200,000		204,000
	INVISTA Finance 144A
	4.25% 10/15/19 #	10,000		10,063
	Kissner Milling 144A
	7.25% 6/1/19 #	245,000		250,513
	Lockheed Martin
	2.90% 3/1/25	5,000		5,048
	LSB Industries 7.75% 8/1/19	295,000		309,013
	Lundin Mining 144A
	7.875% 11/1/22 #	430,000		446,125
	LyondellBasell Industries
	4.625% 2/26/55	15,000		14,868
	Methanex 4.25% 12/1/24	10,000		10,097
	NCI Building Systems 144A
	8.25% 1/15/23 #	220,000		229,900
	New Gold 144A
	6.25% 11/15/22 #	326,000		324,370
	Nortek 8.50% 4/15/21	265,000		286,200
	NOVA Chemicals 144A
	5.00% 5/1/25 #	240,000		254,100
	Polymer Group 144A
	6.875% 6/1/19 #	500,000		481,875

(continues) NQ-DEX [2/15] 4/15 (14204) 7

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Basic Industry (continued)
	PPG Industries
	2.30% 11/15/19	5,000	$	5,034
	Rayonier AM Products 144A
	5.50% 6/1/24 #	425,000		366,563
	Rock-Tenn 3.50% 3/1/20	5,000		5,098
	Rockwood Specialties Group
	4.625% 10/15/20	5,000		5,215
	Ryerson
	9.00% 10/15/17	245,000		251,125
	11.25% 10/15/18	69,000		72,795
	Steel Dynamics 144A
	5.50% 10/1/24 #	260,000		270,400
	TPC Group 144A
	8.75% 12/15/20 #	525,000		484,313
	Weyerhaeuser
	4.625% 9/15/23	10,000		10,988
	Wise Metals Group 144A
	8.75% 12/15/18 #	170,000		185,087
	Wise Metals Intermediate
	Holdings 144A
	9.75% 6/15/19 #	115,000		124,631
	Yamana Gold
	4.95% 7/15/24	5,000		4,990
				8,412,481
Brokerage – 0.03%
	Jefferies Group
	5.125% 1/20/23	10,000		10,600
	6.45% 6/8/27	5,000		5,548
	6.50% 1/20/43	5,000		5,141
	Lazard Group
	6.85% 6/15/17	34,000		37,872
				59,161
Capital Goods – 3.76%
	Accudyne Industries 144A
	7.75% 12/15/20 #	590,000		560,500
	Ardagh Packaging Finance
	144A 6.00% 6/30/21 #*	400,000		390,500
	BWAY Holding 144A
	9.125% 8/15/21 #	705,000		736,725
	Cemex
	144A 5.70% 1/11/25 #*	1,000,000		983,000
	144A 7.25% 1/15/21 #	480,000		513,600
	Consolidated Container 144A
	10.125% 7/15/20 #	385,000		333,025
	Crane 4.45% 12/15/23	10,000		10,672
	Gardner Denver 144A
	6.875% 8/15/21 #*	509,000		496,275
	Ingersoll-Rand Global Holding
	4.25% 6/15/23	15,000		16,141
	KLX 144A 5.875% 12/1/22 #	380,000		389,025
	Milacron 144A
	7.75% 2/15/21 #	375,000		393,750
	Plastipak Holdings 144A
	6.50% 10/1/21 #	470,000		480,575
	Reynolds Group Issuer
	8.25% 2/15/21	310,000		327,825
	Signode Industrial Group
	144A 6.375% 5/1/22 #	360,000		356,400
	TransDigm
	6.00% 7/15/22	425,000		432,437
	6.50% 7/15/24	325,000		333,937
	Votorantim Cimentos 144A
	7.25% 4/5/41 #	1,118,000		1,123,590
				7,877,977
Communications – 5.95%
	Altice 144A
	7.625% 2/15/25 #	200,000		207,500
	Altice Financing 144A
	6.625% 2/15/23 #	470,000		491,737
	American Tower Trust I
	144A 1.551% 3/15/43 #	5,000		4,950
	144A 3.07% 3/15/23 #	20,000		20,015
	AT&T
	4.35% 6/15/45	10,000		9,494
	5.35% 9/1/40	10,000		10,692
	CC Holdings GS V
	3.849% 4/15/23	5,000		5,051
	CenturyLink
	5.80% 3/15/22	210,000		224,175
	6.75% 12/1/23	240,000		271,950
	Cogent Communications
	Finance 144A
	5.625% 4/15/21 #	375,000		371,250
	Cogent Communications
	Group 144A
	5.375% 3/1/22 #	125,000		126,250
	Comcast 3.375% 2/15/25	25,000		26,159
	Cox Communications 144A
	3.85% 2/1/25 #	20,000		20,656
	Crown Castle Towers 144A
	4.883% 8/15/20 #	30,000		32,853
	Digicel 144A 6.75% 3/1/23 #	355,000		358,994
	Digicel Group
	144A 7.125% 4/1/22 #	1,250,000		1,193,750
	144A 8.25% 9/30/20 #	1,075,000		1,092,737

8 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Communications (continued)
	Equinix
	5.375% 1/1/22	155,000	$	162,363
	5.75% 1/1/25 *	270,000		284,850
	Historic TW 6.875% 6/15/18	25,000		28,995
	Hughes Satellite Systems
	7.625% 6/15/21	280,000		311,850
	Intelsat Luxembourg
	7.75% 6/1/21 *	110,000		102,300
	8.125% 6/1/23	1,395,000		1,304,325
	Level 3 Communications
	5.75% 12/1/22	385,000		397,513
	Level 3 Financing
	5.375% 8/15/22	340,000		353,495
	Omnicom Group
	3.65% 11/1/24	10,000		10,358
	Orange 5.50% 2/6/44	10,000		12,016
	SES 144A 3.60% 4/4/23 #	15,000		15,339
	SES GLOBAL Americas
	Holdings 144A
	5.30% 3/25/44 #	15,000		17,166
	Sprint
	7.125% 6/15/24	1,015,000		1,015,000
	7.25% 9/15/21	220,000		225,363
	7.875% 9/15/23	260,000		269,750
	Time Warner Cable
	8.25% 4/1/19	15,000		18,338
	T-Mobile USA
	6.00% 3/1/23	155,000		162,054
	6.125% 1/15/22	115,000		121,469
	6.25% 4/1/21	180,000		189,000
	6.375% 3/1/25	275,000		288,063
	Univision Communications
	144A 5.125% 5/15/23 #	240,000		249,600
	Verizon Communications
	4.40% 11/1/34	10,000		10,227
	144A 4.862% 8/21/46 #	25,000		26,589
	5.15% 9/15/23	10,000		11,476
	Viacom 4.85% 12/15/34	25,000		25,814
	VimpelCom Holdings 144A
	5.95% 2/13/23 #	500,000		407,079
	Wind Acquisition Finance
	144A 4.75% 7/15/20 #	200,000		202,500
	144A 7.375% 4/23/21 #	365,000		381,425
	Windstream
	7.50% 6/1/22	5,000		4,944
	7.50% 4/1/23	235,000		232,063
	7.75% 10/1/21	235,000		238,525
	WPP Finance 2010
	5.625% 11/15/43	5,000		6,041
	Zayo Group
	144A 6.00% 4/1/23 #*	420,000		431,550
	10.125% 7/1/20	242,000		274,367
	Ziggo Bond Finance 144A
	5.875% 1/15/25 #	200,000		210,000
				12,470,020
Consumer Cyclical – 2.38%
	American Tire Distributors
	144A 10.25% 3/1/22 #*	200,000		209,500
	Bed Bath & Beyond
	4.915% 8/1/34	5,000		5,379
	CDK Global 144A
	4.50% 10/15/24 #	10,000		10,303
	Chinos Intermediate Holdings
	144A PIK 7.75%
	5/1/19 #*❆	320,000		283,200
	DBP Holding 144A
	7.75% 10/15/20 #	251,000		230,920
	Delphi 4.15% 3/15/24	5,000		5,278
	Family Tree Escrow
	144A 5.25% 3/1/20 #	60,000		63,000
	144A 5.75% 3/1/23 #	315,000		333,113
	General Motors
	3.50% 10/2/18	10,000		10,350
	5.00% 4/1/35	5,000		5,416
	General Motors Financial
	3.15% 1/15/20	5,000		5,059
	4.00% 1/15/25	5,000		5,134
	4.375% 9/25/21	5,000		5,319
	Host Hotels & Resorts
	4.75% 3/1/23	20,000		21,277
	Hyundai Capital America
	144A 2.55% 2/6/19 #	10,000		10,061
	Landry’s 144A
	9.375% 5/1/20 #	785,000		850,744
	Magna International
	3.625% 6/15/24	30,000		30,764
	Marriott International
	3.375% 10/15/20	5,000		5,225
	MGM Resorts International
	6.00% 3/15/23 *	595,000		621,775
	Michaels Stores 144A
	5.875% 12/15/20 #	300,000		310,500
	Midas Intermediate Holdco II
	144A 7.875% 10/1/22 #	285,000		277,875
	Pantry 8.375% 8/1/20	405,000		447,525
	Party City Holdings
	8.875% 8/1/20	295,000		323,763

(continues) NQ-DEX [2/15] 4/15 (14204) 9

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Consumer Cyclical (continued)
	PC Nextco Holdings
	8.75% 8/15/19	225,000	$	230,625
	PF Chang’s China Bistro 144A
	10.25% 6/30/20 #*	265,000		268,975
	QVC
	4.375% 3/15/23	15,000		15,237
	5.45% 8/15/34	10,000		9,937
	Signet UK Finance
	4.70% 6/15/24	10,000		10,129
	Starwood Hotels & Resorts
	Worldwide
	3.75% 3/15/25	5,000		5,117
	4.50% 10/1/34	5,000		5,173
	Target 2.30% 6/26/19	5,000		5,119
	TRW Automotive 144A
	4.45% 12/1/23 #	15,000		15,187
	Walgreens Boots Alliance
	3.80% 11/18/24	10,000		10,431
	Wyndham Worldwide
	4.25% 3/1/22	5,000		5,217
	5.625% 3/1/21	10,000		11,246
	Wynn Las Vegas 144A
	5.50% 3/1/25 #	330,000		333,696
				4,997,569
Consumer Non-Cyclical – 1.85%
	AmerisourceBergen
	3.25% 3/1/25	5,000		5,062
	Amgen 3.625% 5/22/24	5,000		5,225
	Amsurg 5.625% 7/15/22	97,000		103,305
	Becton Dickinson
	3.734% 12/15/24	5,000		5,253
	Boston Scientific
	6.00% 1/15/20	15,000		17,198
	CareFusion 6.375% 8/1/19	10,000		11,633
	Celgene 3.95% 10/15/20	30,000		32,338
	Cott Beverages 144A
	6.75% 1/1/20 #	515,000		516,287
	Covidien International
	Finance 4.20% 6/15/20	20,000		21,915
	Darling Ingredients
	5.375% 1/15/22	145,000		146,994
	DS Services of America 144A
	10.00% 9/1/21 #	160,000		187,600
	ESAL 144A 6.25% 2/5/23 #	200,000		194,500
	Express Scripts Holding
	2.25% 6/15/19	5,000		5,007
	3.50% 6/15/24	10,000		10,244
	Gilead Sciences
	3.50% 2/1/25	5,000		5,248
	JBS Investments 144A
	7.75% 10/28/20 #	470,000		497,025
	Lilly (Eli) 2.75% 6/1/25	5,000		5,005
	McKesson 3.796% 3/15/24	5,000		5,307
	Medtronic
	144A 3.15% 3/15/22 #	15,000		15,543
	144A 3.50% 3/15/25 #	10,000		10,451
	Merck
	2.35% 2/10/22	5,000		4,980
	2.75% 2/10/25	15,000		14,959
	Omnicare
	4.75% 12/1/22	85,000		89,144
	5.00% 12/1/24	230,000		243,225
	Prestige Brands 144A
	5.375% 12/15/21 #*	290,000		295,437
	Spectrum Brands
	144A 6.125% 12/15/24 #	500,000		540,000
	6.625% 11/15/22	280,000		308,000
	SUPERVALU 7.75% 11/15/22	470,000		499,375
	Sysco 4.35% 10/2/34	5,000		5,264
	Thermo Fisher Scientific
	2.40% 2/1/19	10,000		10,125
	4.15% 2/1/24 *	20,000		21,508
	Zimmer Holdings
	4.625% 11/30/19	30,000		33,008
	Zoetis 3.25% 2/1/23	20,000		19,949
				3,886,114
Electric – 0.19%
	Ameren Illinois
	3.25% 3/1/25	5,000		5,203
	9.75% 11/15/18	45,000		57,205
	American Electric Power
	2.95% 12/15/22	5,000		5,022
	American Transmission
	Systems 144A
	5.25% 1/15/22 #	25,000		28,535
	Berkshire Hathaway Energy
	3.75% 11/15/23	10,000		10,664
	4.50% 2/1/45	5,000		5,533
	CMS Energy 6.25% 2/1/20	5,000		5,875
	Commonwealth Edison
	5.80% 3/15/18	5,000		5,637
	Dominion Resources
	3.625% 12/1/24	5,000		5,201
	DTE Energy 2.40% 12/1/19	5,000		5,068
	Electricite de France 144A
	4.60% 1/27/20 #	15,000		16,651

10 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Electric (continued)
	Entergy Louisiana
	4.05% 9/1/23	15,000	$	16,277
	Great Plains Energy
	4.85% 6/1/21	15,000		16,616
	5.292% 6/15/22	5,000		5,716
	Integrys Energy Group
	6.11% 12/1/66 ●	15,000		14,894
	IPALCO Enterprises
	5.00% 5/1/18	10,000		10,725
	ITC Holdings
	3.65% 6/15/24 *	10,000		10,349
	LG&E & KU Energy
	4.375% 10/1/21	20,000		21,698
	National Rural Utilities
	Cooperative Finance
	2.85% 1/27/25	5,000		5,031
	4.75% 4/30/43 ●	10,000		10,065
	NextEra Energy Capital
	Holdings
	2.40% 9/15/19	10,000		10,075
	3.625% 6/15/23	5,000		5,217
	NV Energy 6.25% 11/15/20	10,000		11,777
	Pennsylvania Electric
	5.20% 4/1/20	25,000		27,685
	PPL Electric Utilities
	3.00% 9/15/21	10,000		10,392
	Public Service of New
	Hampshire
	3.50% 11/1/23	5,000		5,320
	Public Service of Oklahoma
	5.15% 12/1/19	30,000		33,812
	Puget Energy 6.00% 9/1/21	5,000		5,952
	SCANA 4.125% 2/1/22	10,000		10,517
	Wisconsin Energy
	6.25% 5/15/67 ●	10,000		10,055
				392,767
Energy – 5.78%
	Anadarko Petroleum
	4.50% 7/15/44	5,000		5,162
	Baytex Energy 144A
	5.625% 6/1/24 #	360,000		340,920
	California Resources
	144A 5.50% 9/15/21 #*	380,000		348,650
	144A 6.00% 11/15/24 #*	325,000		291,281
	Calumet Specialty Products
	Partners 7.625% 1/15/22	570,000		584,250
	Canadian Natural Resources
	3.90% 2/1/25 *	5,000		5,084
	Chaparral Energy
	7.625% 11/15/22	265,000		198,750
	8.25% 9/1/21	160,000		124,800
	CHC Helicopter
	9.375% 6/1/21	247,000		202,540
	Chesapeake Energy
	4.875% 4/15/22 *	495,000		491,287
	Chevron
	1.961% 3/3/20	5,000		5,004
	2.411% 3/3/22	5,000		4,997
	Cimarex Energy
	4.375% 6/1/24	5,000		4,937
	ConocoPhillips
	4.30% 11/15/44	5,000		5,348
	Consolidated Energy Finance
	144A 6.75% 10/15/19 #	570,000		567,150
	Continental Resources
	4.50% 4/15/23	20,000		19,552
	CSI Compressco 144A
	7.25% 8/15/22 #	300,000		264,000
	Dominion Gas Holdings
	3.60% 12/15/24	10,000		10,465
	Ecopetrol 5.875% 5/28/45	615,000		593,413
	Enbridge Energy Partners
	8.05% 10/1/37 ●	25,000		27,000
	Energy Transfer Equity
	5.875% 1/15/24	178,000		191,350
	Energy Transfer Partners
	5.95% 10/1/43 *	5,000		5,760
	9.70% 3/15/19	7,000		8,770
	EnLink Midstream Partners
	5.05% 4/1/45	5,000		5,267
	Enterprise Products Operating
	7.034% 1/15/68 ●	25,000		27,111
	Exterran Partners
	6.00% 4/1/21	210,000		194,250
	Genesis Energy
	5.75% 2/15/21	440,000		433,400
	Halcon Resources
	9.75% 7/15/20 *	520,000		403,000
	Kinder Morgan 144A
	5.00% 2/15/21 #	5,000		5,393
	Kinder Morgan Energy
	Partners 9.00% 2/1/19	20,000		24,472
	Laredo Petroleum
	5.625% 1/15/22	385,000		371,525
	7.375% 5/1/22	75,000		77,625
	Linn Energy 6.25% 11/1/19	370,000		317,275

(continues) NQ-DEX [2/15] 4/15 (14204) 11

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Energy (continued)
	MarkWest Energy Partners
	4.875% 12/1/24	375,000	$	387,187
	Murphy Oil USA
	6.00% 8/15/23	400,000		428,500
	Newfield Exploration
	5.625% 7/1/24	10,000		10,475
	NiSource Finance
	6.125% 3/1/22	5,000		6,028
	Noble Energy
	3.90% 11/15/24 *	5,000		5,173
	5.05% 11/15/44	5,000		5,355
	Northern Oil & Gas
	8.00% 6/1/20 *	370,000		342,250
	NuStar Logistics
	6.75% 2/1/21	240,000		255,762
	Oasis Petroleum
	6.875% 3/15/22 *	500,000		492,500
	Ocean Rig UDW 144A
	7.25% 4/1/19 #	332,000		203,350
	PDC Energy 7.75% 10/15/22	245,000		256,025
	Petrobras Global Finance
	3.00% 1/15/19 *	39,000		33,863
	Petroleos Mexicanos
	5.50% 6/27/44	512,000		522,240
	6.625% 6/15/35	1,000,000		1,155,650
	Pioneer Energy Services
	6.125% 3/15/22	440,000		339,900
	Plains All American Pipeline
	8.75% 5/1/19	10,000		12,557
	Pride International
	6.875% 8/15/20	20,000		22,763
	Regency Energy Partners
	5.875% 3/1/22	385,000		422,537
	Sabine Pass Liquefaction
	144A 5.625% 3/1/25 #	390,000		392,437
	Statoil 2.90% 11/8/20	30,000		31,172
	Sunoco Logistics Partners
	Operations
	3.45% 1/15/23	10,000		9,961
	5.35% 5/15/45	5,000		5,447
	Talisman Energy
	5.50% 5/15/42	15,000		15,378
	Targa Resources Partners
	5.25% 5/1/23	315,000		322,875
	TransCanada PipeLines
	6.35% 5/15/67 ●	20,000		19,300
	Western Refining Logistics
	144A 7.50% 2/15/23 #	195,000		200,363
	Williams 4.55% 6/24/24	20,000		19,632
	Williams Partners
	7.25% 2/1/17	20,000		22,030
	Woodside Finance 144A
	8.75% 3/1/19 #	15,000		18,428
				12,118,926
Financials – 0.62%
	Affiliated Managers Group
	3.50% 8/1/25	5,000		4,986
	Argos Merger Sub 144A
	7.125% 3/15/23 #	230,000		238,625
	Aviation Capital Group 144A
	6.75% 4/6/21 #	5,000		5,700
	E*TRADE Financial
	5.375% 11/15/22	270,000		285,525
	General Electric Capital
	2.10% 12/11/19	35,000		35,470
	2.20% 1/9/20	20,000		20,213
	5.55% 5/4/20	5,000		5,859
	6.00% 8/7/19	10,000		11,744
	Infinity Acquisition 144A
	7.25% 8/1/22 #	265,000		247,113
	James Hardie International
	Finance 144A
	5.875% 2/15/23 #	415,000		425,894
	MUFG Americas Holdings
	2.25% 2/10/20	5,000		4,999
	3.00% 2/10/25	15,000		14,877
				1,301,005
Healthcare – 2.84%
	Air Medical Group Holdings
	9.25% 11/1/18	229,000		241,595
	Community Health Systems
	6.875% 2/1/22 *	840,000		902,475
	DaVita HealthCare Partners
	5.125% 7/15/24	930,000		966,619
	HCA
	5.375% 2/1/25	380,000		404,700
	5.875% 5/1/23	225,000		246,937
	HealthSouth 5.75% 11/1/24	195,000		204,750
	Immucor 11.125% 8/15/19	630,000		678,037
	Kinetic Concepts
	10.50% 11/1/18	250,000		274,063
	12.50% 11/1/19 *	180,000		199,800
	Mallinckrodt International
	Finance 4.75% 4/15/23	215,000		211,237
	Par Pharmaceutical
	7.375% 10/15/20	780,000		830,700

12 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Healthcare (continued)
	Tenet Healthcare
	144A 5.00% 3/1/19 #	270,000	$	272,025
	8.125% 4/1/22	450,000		510,750
				5,943,688
Insurance – 1.03%
	American International Group
	3.875% 1/15/35	15,000		15,159
	8.175% 5/15/58 ●	345,000		479,550
	Berkshire Hathaway Finance
	2.90% 10/15/20	35,000		36,646
	Chubb 6.375% 3/29/67 ●	10,000		10,737
	Highmark
	144A 4.75% 5/15/21 #	5,000		5,232
	144A 6.125% 5/15/41 #	5,000		5,388
	HUB International 144A
	7.875% 10/1/21 #	435,000		448,050
	Liberty Mutual Group
	144A 4.25% 6/15/23 #	15,000		15,973
	144A 4.95% 5/1/22 #	5,000		5,530
	MetLife 6.40% 12/15/36	100,000		117,500
	TIAA Asset Management
	Finance
	144A 2.95% 11/1/19 #	5,000		5,109
	144A 4.125% 11/1/24 #	10,000		10,582
	USI 144A 7.75% 1/15/21 #	395,000		403,887
	Voya Financial
	5.65% 5/15/53 ●	5,000		5,213
	XLIT 6.50% 10/29/49 ●	665,000		586,863
				2,151,419
Media – 5.08%
	Altice 144A 7.75% 5/15/22 #	630,000		652,050
	CCO Holdings
	5.25% 9/30/22	110,000		112,887
	CCOH Safari
	5.50% 12/1/22	265,000		274,606
	5.75% 12/1/24	475,000		492,813
	Columbus International 144A
	7.375% 3/30/21 #	870,000		916,763
	CSC Holdings 144A
	5.25% 6/1/24 #	695,000		711,506
	DISH DBS 5.875% 11/15/24	240,000		239,400
	Gannett 144A
	5.50% 9/15/24 #	290,000		302,325
	Gray Television
	7.50% 10/1/20	645,000		674,025
	iHeartCommunications
	9.00% 9/15/22	1,130,000		1,093,275
	LIN Television 144A
	5.875% 11/15/22 #	515,000		527,875
	MDC Partners 144A
	6.75% 4/1/20 #	415,000		438,344
	Nexstar Broadcasting 144A
	6.125% 2/15/22 #	415,000		424,337
	Numericable 144A
	6.00% 5/15/22 #	430,000		438,063
	Outfront Media Capital
	5.875% 3/15/25	270,000		287,213
	RCN Telecom Services 144A
	8.50% 8/15/20 #	315,000		335,475
	Sinclair Television Group
	144A 5.625% 8/1/24 #	720,000		732,600
	Unitymedia KabelBW 144A
	6.125% 1/15/25 #	480,000		510,600
	Virgin Media Finance
	144A 5.75% 1/15/25 #	200,000		212,750
	144A 6.375% 4/15/23 #	535,000		580,475
	VTR Finance 144A
	6.875% 1/15/24 #	650,000		682,500
				10,639,882
Real Estate Investment Trusts – 0.06%
	Alexandria Real Estate
	Equities
	4.50% 7/30/29	5,000		5,320
	4.60% 4/1/22	15,000		15,816
	AvalonBay Communities
	3.50% 11/15/24	5,000		5,131
	Carey (W.P.) 4.60% 4/1/24	5,000		5,192
	CBL & Associates
	4.60% 10/15/24	15,000		15,336
	Corporate Office Properties
	3.60% 5/15/23	5,000		4,867
	5.25% 2/15/24	10,000		10,784
	DDR
	3.625% 2/1/25	5,000		5,005
	7.50% 4/1/17	5,000		5,573
	7.875% 9/1/20	20,000		24,897
	Education Realty Operating
	Partnership
	4.60% 12/1/24	5,000		5,220
	Excel Trust 4.625% 5/15/24	5,000		5,233
	Hospitality Properties Trust
	4.50% 3/15/25	5,000		5,154
	Regency Centers
	5.875% 6/15/17	20,000		21,931
				135,459

(continues) NQ-DEX [2/15] 4/15 (14204) 13

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal		Value
		amount°		(U.S. $)
Corporate Bonds (continued)
Services – 2.35%
	AECOM Technology
	144A 5.75% 10/15/22 #		165,000	$	173,250
	144A 5.875% 10/15/24 #		235,000		250,275
	Algeco Scotsman Global
	Finance
	144A 8.50% 10/15/18 #*		200,000		203,500
	144A 10.75% 10/15/19 #		415,000		356,900
	BlueLine Rental Finance 144A
	7.00% 2/1/19 #		125,000		130,000
	Caesars Growth Properties
	Holdings 144A
	9.375% 5/1/22 #*		280,000		231,000
	Covanta Holding
	5.875% 3/1/24		415,000		433,675
	Geo Group
	5.125% 4/1/23		165,000		169,125
	5.875% 10/15/24		275,000		289,437
	Mattamy Group 144A
	6.50% 11/15/20 #		485,000		471,663
	Navios South American
	Logistics 144A
	7.25% 5/1/22 #		375,000		363,281
	Pinnacle Entertainment
	6.375% 8/1/21		170,000		181,475
	7.75% 4/1/22 *		255,000		276,037
	United Rentals North America
	5.75% 11/15/24		730,000		773,800
	Watco 144A
	6.375% 4/1/23 #		185,000		186,850
	West 144A
	5.375% 7/15/22 #		445,000		433,875
					4,924,143
Technology – 2.01%
	Adobe Systems
	3.25% 2/1/25		15,000		15,141
	Apple 2.50% 2/9/25		5,000		4,915
	CDW
	5.00% 9/1/23		120,000		120,900
	5.50% 12/1/24		215,000		224,137
	CommScope 144A
	5.50% 6/15/24 #		415,000		422,263
	Entegris 144A
	6.00% 4/1/22 #		415,000		433,675
	First Data
	11.25% 1/15/21		642,000		735,090
	11.75% 8/15/21		535,500		626,535
	Infor Software Parent 144A
	PIK 7.125% 5/1/21 #*		655,000		661,550
	j2 Global 8.00% 8/1/20		415,000		450,275
	Microsoft
	2.70% 2/12/25		5,000		5,027
	3.50% 2/12/35		5,000		4,962
	3.75% 2/12/45		5,000		4,997
	Motorola Solutions
	4.00% 9/1/24		10,000		10,379
	National Semiconductor
	6.60% 6/15/17		20,000		22,478
	NCR 6.375% 12/15/23		185,000		196,563
	NetApp 3.25% 12/15/22		10,000		9,857
	Oracle
	3.40% 7/8/24		5,000		5,290
	4.50% 7/8/44		25,000		28,177
	Seagate HDD Cayman
	144A 4.75% 1/1/25 #*		5,000		5,303
	144A 5.75% 12/1/34 #		10,000		10,994
	Viasystems 144A
	7.875% 5/1/19 #		195,000		206,700
	Xerox 6.35% 5/15/18 *		10,000		11,318
					4,216,526
Transportation – 0.47%
	American Airlines 2014-1
	Class A Pass Through Trust
	3.70% 10/1/26 ⧫		5,000		5,137
	AP Moeller - Maersk 144A
	2.55% 9/22/19 #		5,000		5,049
	Brambles USA 144A
	5.35% 4/1/20 #		15,000		16,847
	Burlington Northern Santa Fe
	4.90% 4/1/44		30,000		34,506
	ERAC USA Finance 144A
	5.25% 10/1/20 #		15,000		17,155
	Norfolk Southern
	3.85% 1/15/24		35,000		37,610
	Red de Carreteras de
	Occidente 144A
	9.00% 6/10/28 #	MXN	13,000,000		841,172
	Trinity Industries
	4.55% 10/1/24		10,000		9,948
	United Airlines 2014-1 Class
	A Pass Through Trust
	4.00% 4/11/26 ⧫		5,000		5,300
	United Airlines 2014-2 Class
	A Pass Through Trust
	3.75% 9/3/26 ⧫		5,000		5,187
	United Parcel Service
	5.125% 4/1/19		10,000		11,353
					989,264

14 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

			Principal	Value
			amount°	(U.S. $)
Corporate Bonds (continued)
Utilities – 2.22%
	Abengoa Yield 144A
	7.00% 11/15/19 #		475,000	$	496,375
	AES 5.50% 3/15/24		595,000		606,900
	AES Gener 144A
	8.375% 12/18/73 #●		200,000		219,000
	American Water Capital
	3.40% 3/1/25		5,000		5,186
	Calpine
	5.375% 1/15/23 *		745,000		759,900
	5.50% 2/1/24		205,000		207,563
	DPL 144A 6.75% 10/1/19 #		355,000		372,750
	Dynegy 5.875% 6/1/23 *		255,000		252,450
	Dynegy Finance I/II
	144A 6.75% 11/1/19 #		135,000		141,413
	144A 7.375% 11/1/22 #		220,000		233,200
	144A 7.625% 11/1/24 #		485,000		515,313
	Enel 144A
	8.75% 9/24/73 #●		400,000		490,210
	GenOn Energy
	9.875% 10/15/20		345,000		351,900
					4,652,160
Total Corporate Bonds
	(cost $91,621,473)				92,052,679

Non-Agency Asset-Backed Securities – 0.04%
	Fifth Third Auto Trust
	Series 2014-2 A2B
	0.333% 4/17/17 ●		27,028		27,016
	Nissan Auto Receivables
	Owner Trust
	Series 2013-C A3
	0.67% 8/15/18		25,000		24,961
	Nissan Master Owner Trust
	Receivables
	Series 2012-A A
	0.643% 5/15/17●		25,000		25,012
Total Non-Agency
	Asset-Backed Securities
	(cost $77,109)				76,989

Non-Agency Collateralized Mortgage Obligations – 0.08%
	Citicorp Mortgage Securities
	Trust
	Series 2007-1 2A1
	5.50% 1/25/22		5,130		5,155
	Citicorp Residential Mortgage
	Trust
	Series 2006-3 A5
	5.948% 11/25/36 ϕ		100,000		99,793
	GSR Mortgage Loan Trust
	Series 2006-AR1 3A1
	2.78% 1/25/36 ●		78,762		71,566
Total Non-Agency
	Collateralized Mortgage
	Obligations (cost $169,581)				176,514

Regional Bond – 0.44%Δ
Australia – 0.44%
	New South Wales Treasury
	4.00% 5/20/26	AUD	1,060,000		913,696
Total Regional Bond
	(cost $923,764)				913,696

Senior Secured Loans – 1.98%«
	Applied Systems 2nd Lien
	7.50% 1/23/22		420,000		418,530
	Ashland Water 2nd Lien
	7.75% 7/31/22		150,000		146,625
	Atkore International 2nd Lien
	7.75% 10/9/21		145,000		137,387
	Avaya Tranche B-3
	4.668% 10/26/17		340,000		330,703
	Azure Midstream Tranche B
	6.50% 11/15/18		63,953		59,476
	BJ’s Wholesale Club 2nd Lien
	8.50% 3/31/20		345,000		342,197
	Borgata Tranche B 1st Lien
	6.50% 8/15/18		334,322		337,666
	Clear Channel
	Communications Tranche D
	6.922% 1/30/19		240,000		230,340
	Flint Group 2nd Lien
	8.25% 4/8/22		430,000		410,650
	Hostess Brands 1st Lien
	6.75% 3/20/20		411,888		420,640
	Mauser Holdings 2nd Lien
	8.25% 7/31/22		440,000		431,200
	Moxie Liberty Tranche B
	7.50% 8/21/20		215,000		217,150
	Moxie Patriot (Panda Power
	Fund) Tranche B1
	6.75% 12/19/20		210,000		210,787
	Panda Stonewall Tranche B
	6.50% 11/13/21		255,000		258,347
	Rite Aid 2nd Lien
	5.75% 8/21/20		198,000		199,897
Total Senior Secured Loans
	(cost $4,203,328)				4,151,595

(continues) NQ-DEX [2/15] 4/15 (14204) 15

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal			Value
		amount°			(U.S. $)
Sovereign Bonds – 4.21%Δ
Indonesia – 1.92%
	Indonesia Government
	International Bond
	6.625% 2/17/37		1,350,000	$	1,679,063
	144A 6.75% 1/15/44 #		1,800,000		2,349,000
					4,028,063
Mexico – 1.77%
	Mexican Bonos
	10.00% 12/5/24	MXN	22,720,000		2,018,271
	Mexican Government
	International Bond
	3.60% 1/30/25		1,632,000		1,689,120
					3,707,391
South Africa – 0.52%
	South Africa Government
	International Bond
	5.375% 7/24/44		1,000,000		1,095,000
					1,095,000
Total Sovereign Bonds
	(cost $8,699,463)				8,830,454

Supranational Bank – 0.66%
	Inter-American Development
	Bank 7.25% 7/17/17	IDR	17,930,000,000		1,377,794
Total Supranational Bank
	(cost $1,495,517)				1,377,794

U.S. Treasury Obligations – 0.57%
	U.S. Treasury Bonds
	2.50% 2/15/45		5,000		4,897
	3.00% 11/15/44		55,000		59,563
	U.S. Treasury Notes
	1.375% 2/29/20		75,000		74,549
	1.625% 12/31/19 *		130,000		130,802
	2.25% 11/15/24 *		910,000		929,266
Total U.S. Treasury
	Obligations
	(cost $1,194,365)				1,199,077

Leveraged Non-Recourse Security – 0.00%
	JPMorgan Fixed Income
	Auction Pass Through Trust
	Series 2007-B 144A
	8.845% 1/15/87 #@⧫†		500,000		0
Total Leveraged
	Non-Recourse Security
	(cost $425,000)				0

			Number of
			shares
Limited Partnership – 0.20%
	Ares Management *		9,000		182,700
	Brookfield Infrastructure
	Partners *		5,400		245,430
Total Limited Partnership
	(cost $330,629)				428,130

Preferred Stock – 0.80%
	Alabama Power 5.625%		410		10,353
	Ally Financial 144A 7.00% #		800		806,125
	Freddie Mac 6.02%		40,000		163,400
	GMAC Capital Trust I
	8.125% ●		12,000		312,360
	Integrys Energy Group
	6.00% ●		300		8,211
	National Retail Properties
	5.70%		200		5,060
	Public Storage 5.20% *		200		4,876
	Regions Financial 6.375% *		11,000		276,100
	Vornado Realty Trust 6.625%		3,700		94,720
Total Preferred Stock
	(cost $2,409,935)				1,681,205

Right – 0.01%
	Safeway =†		46,400		24,678
Total Right (cost $0)					24,678

Warrant – 0.00%
	Wheeler Real Estate
	Investment Trust strike
	price $5.50, expiration
	date 4/29/19 @†		12,540		3,511
Total Warrant (cost $104)					3,511

			Principal
			amount°
Short-Term Investments – 0.95%
Discount Notes – 0.51%≠
	Federal Home Loan Bank
	0.057% 4/8/15		127,822		127,819
	0.065% 3/5/15		37,160		37,160
	0.065% 4/20/15		75,344		75,342
	0.07% 4/6/15		682,749		682,736
	0.08% 3/18/15		55,367		55,367
	0.085% 3/27/15		102,517		102,516
					1,080,940

16 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Short-Term Investments (continued)
Repurchase Agreements – 0.44%
	Bank of America Merrill Lynch
	0.03%, dated 2/27/15, to
	be repurchased on 3/2/15,
	repurchase price $333,002
	(collateralized by U.S.
	government obligations
	0.00%–3.625%
	9/30/16–8/15/43; market
	value $339,662)	333,002	$	333,002
	Bank of Montreal
	0.06%, dated 2/27/15, to
	be repurchased on 3/2/15,
	repurchase price $277,503
	(collateralized by U.S.
	government obligations
	0.00%–9.125%
	4/23/15–6/30/21; market
	value $283,051)	277,501		277,501
	BNP Paribas
	0.07%, dated 2/27/15, to
	be repurchased on 3/2/15,
	repurchase price $308,499
	(collateralized by U.S.
	government obligations
	0.00%–3.500%
	4/15/19–11/15/42; market
	value $314,667)	308,497		308,497
				919,000
Total Short-Term
	Investments
	(cost $1,999,902)			1,999,940
Total Value of Securities
	Before Securities Lending
	Collateral – 141.69%
	(cost $275,845,810)			296,987,197

		Number of
		shares
Securities Lending Collateral – 6.53%**
Investment Company
	Delaware Investments^®
	Collateral Fund No. 1	13,685,380		13,685,380
Total Securities Lending
	Collateral
	(cost $13,685,380)			13,685,380
Total Value of
	Securities – 148.22%
	(cost $289,531,190)		$	310,672,577	■
Obligation to Return
	Securities Lending
	Collateral – (6.53%)			(13,685,380	)

Borrowing Under Line of
	Credit – (41.51%)			(87,000,000	)
Liabilities Net of
	Receivables and Other
	Assets – (0.18%)			(386,623	)
Net Assets – 100.00%			$	209,600,574

____________________

#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Feb. 28, 2015, the aggregate value of Rule 144A securities was $56,466,279, which represents 26.94% of the Fund’s net assets.
*	Fully or partially on loan.
**	See Note 3 in “Notes” for additional information on securities lending collateral and non-cash collateral.
@	Illiquid security. At Feb. 28, 2015, the aggregate value of illiquid securities was $1,806,443, which represents 0.86% of the Fund’s net assets.
⧫	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.
❖	Securities have been classified by type of business.
❆	100% of the income received was in the form of additional cash.
=	Security is being fair valued in accordance with the Fund’s fair valuation policy. At Feb. 28, 2015, the aggregate value of fair valued securities was $60,063, which represents 0.03% of the Fund’s net assets.
≠	The rate shown is the effective yield at the time of purchase.
■	Includes $16,092,920 of securities loaned.
°	Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency.
†	Non-income-producing security.
●	Variable rate security. The rate shown is the rate as of Feb. 28, 2015. Interest rates reset periodically.
Δ	Securities have been classified by country of origin.
«
ϕ	Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Feb. 28, 2015.

(continues) NQ-DEX [2/15] 4/15 (14204) 17

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

The following foreign currency exchange contracts were outstanding at Feb. 28, 2015:

Foreign Currency Exchange Contracts

Unrealized

Contracts to

Appreciation

Counterparty

Receive (Deliver)

In Exchange For

Settlement Date

(Depreciation)

BNYM

JPY

158,439,111

USD

(1,326,198

)

3/4/15

(1,580

)

The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contracts presented above represents the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.

Unfunded Commitments

The Fund may invest in floating rate loans. In connection with these investments, the Fund may also enter into unfunded corporate loan commitments (commitments). Commitments may obligate the Fund to furnish temporary financing to a borrower until permanent financing can be arranged. In connection with these commitments, the Fund earns a commitment fee, typically set as a percentage of the commitment amount. The following unfunded loan commitments were outstanding at Feb. 28, 2015:

								Unrealized
								Appreciation
Borrower	Unfunded Amount			Cost		Value		(Depreciation)
Rite Aid Bridge Loan		$	415,000	$	415,000	$	417,075		$	2,075
SS&C Technologies
Bridge Loan			415,000		415,000		415,000			—
Total						$	832,075		$	2,075

Summary of abbreviations:
ADR – American Depositary Receipt
ARM – Adjustable Rate Mortgage
AUD – Australian Dollar
BNYM – BNY Mellon
FDR – Finnish Depositary Receipt
GNMA – Government National Mortgage Association
HSBC – Hong Kong Shanghai Bank
IDR – Indonesian Rupiah
JPY – Japanese Yen
MXN – Mexican Peso
PIK – Pay-in-kind
REIT – Real Estate Investment Trust
REMIC – Real Estate Mortgage Investment Conduit
S.F. – Single Family
UBS – Union Bank of Switzerland
USD – United States Dollar
yr – Year

18 NQ-DEX [2/15] 4/15 (14204)

Notes

Delaware Enhanced Global Dividend and Income Fund
February 28, 2015 (Unaudited)

1. Significant Accounting Policies

The following accounting policies are in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistently followed by Delaware Enhanced Global Dividend and Income Fund (Fund). This report covers the period of time since the Fund’s last fiscal year end.

Security Valuation — Equity securities and Exchange-Traded Funds (ETFs), except those traded on the Nasdaq Stock Market, Inc. (Nasdaq), are valued at the last quoted sales price as of the time of the regular close of the New York Stock Exchange on the valuation date. Securities and ETFs traded on the Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If, on a particular day, an equity security or ETF does not trade, the mean between the bid and ask prices will be used, which approximates fair value. Securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. Investment company securities are valued at net asset value per share, as reported by the underlying investment company. U.S. government and agency securities are valued at the mean between the bid and ask prices, which approximates fair value. Other debt securities are valued based upon valuations provided by an independent pricing service or broker and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. For asset-backed securities, collateralized mortgage obligations, commercial mortgage securities, and U.S. government agency mortgage securities, pricing vendors utilize matrix pricing which considers prepayment speed; attributes of the collateral; yield or price of bonds of comparable quality, coupon, maturity, and type as well as broker/dealer-supplied prices. Foreign currency exchange contracts and foreign cross currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. Futures contracts are valued at the daily quoted settlement prices. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Trustees. In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. Whenever such a significant event occurs, the Fund may frequently value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing).

2. Investments

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.

Level 1 –	Inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)

Level 2 –	Other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates), or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)

Level 3 –	Significant unobservable inputs, including the Fund’s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)

(continues) NQ-DEX [2/15] 4/15 (14204) 19

(Unaudited)

2. Investments (continued)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Feb. 28, 2015:

	Level 1		Level 2			Level 3		Total
Agency, Asset-Backed &
Mortgage-
Backed Securities	$	—	$	1,356,404		$	—	$	1,356,404
Corporate Debt		—		118,710,977			—		118,710,977
Foreign Debt		—		11,121,944			—		11,121,944
Senior Secured Loans		—		4,151,595			—		4,151,595
Common Stock		148,349,183		—			—		148,349,183
Convertible Preferred Stock¹		5,736,478		2,016,065			35,385		7,787,928
Exchange-Traded Note		172,625		—			—		172,625
Limited Partnership		428,130		—			—		428,130
Preferred Stock¹		711,680		969,525			—		1,681,205
Right		—		24,678			—		24,678
Warrant		3,511		—			—		3,511
U.S. Treasury Obligations		—		1,199,077			—		1,199,077
Short-Term Investments		—		1,999,940			—		1,999,940
Securities Lending Collateral		—		13,685,380			—		13,685,380
Total	$	155,401,607	$	155,235,585		$	35,385	$	310,672,577
Foreign Currency Exchange
Contracts	$	—	$	(1,580	)	$	—	$	(1,580	)

The securities that have been deemed worthless on the “Schedule of investments” are considered to be Level 3 investments in this table.

¹Security type is valued across multiple levels. Level 1 investments represent exchange-traded investments, Level 2 investments represent investments with observable inputs or matrix-priced investments, and Level 3 investments represent investments without observable inputs. The amounts attributed to Level 1 investments, Level 2 investments, and Level 3 investments represent the following percentages of the total market value of these security types:

	Level 1		Level 2		Level 3		Total
Convertible Preferred Stock	73.66	%	25.89	%	0.45	%	100.00	%
Preferred Stock	42.33	%	57.67	%	—		100.00	%

During the period ended Feb. 28, 2015, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a significant impact to the Fund. This does not include transfers between Level 1 investments and Level 2 investments due to the Fund utilizing international fair value pricing during the period. In accordance with the fair valuation procedures described in Note 1, international fair value pricing of securities in the Fund occurs when market volatility exceeds an established rolling threshold. If the threshold is exceeded on a given date, then prices of international securities (those that traded on exchanges that close at a different time than the time that the Fund’s net asset value is determined) will be established using a separate pricing feed from a third-party vendor designed to establish a price for each such security as of the time that the Fund’s net asset value is determined. Further, international fair value pricing uses other observable market-based inputs in place of the closing exchange price due to the events occurring after the close of the exchange or market on which the investment is principally traded, causing a change in classification between levels. The Fund’s policy is to recognize transfers between levels at the beginning of the reporting period.

20 NQ-DEX [2/15] 4/15 (14204)

(Unaudited)

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim, or end of the period in relation to net assets. Management has determined not to provide additional disclosure on Level 3 inputs since the Level 3 investments are not considered significant to the Fund’s net assets at the end of the period.

3. Securities Lending

The Fund, along with other funds in the Delaware Investments^®Family of Funds, may lend its securities pursuant to a security lending agreement (Lending Agreement) with BNY Mellon. At the time a security is loaned, the borrower must post collateral equal to the required percentage of the market value of the loaned security, including any accrued interest. The required percentage is: (1) 102% with respect to U.S. securities and foreign securities that are denominated and payable in U.S. dollars; and (2) 105% with respect to foreign securities. With respect to each loan, if on any business day the aggregate market value of securities collateral plus cash collateral held is less than the aggregate market value of the securities which are the subject of such loan, the borrower will be notified to provide additional collateral by the end of the following business day which, together with the collateral already held, will be not less than the applicable initial collateral requirements for such security loan. If the aggregate market value of securities collateral and cash collateral held with respect to a security loan exceeds the applicable initial collateral requirement, upon the request of the borrower, BNY Mellon must return enough collateral to the borrower by the end of the following business day to reduce the value of the remaining collateral to the applicable initial collateral requirement for such security loan. As a result of the foregoing, the value of the collateral held with respect to a loaned security on any particular day, may be more or less than the value of the security on loan.

Cash collateral received is generally invested in the Delaware Investments Collateral Fund No. 1 (Collective Trust) established by BNY Mellon for the purpose of investment on behalf of funds managed by Delaware Management Company (DMC), a series of Delaware Management Business Trust, that participate in BNY Mellon’s securities lending program. The Collective Trust may invest in U.S. government securities and high-quality corporate debt, asset-backed and other money market securities, and in repurchase agreements collateralized by such securities, provided that the Collective Trust will generally have a dollar-weighted average portfolio maturity of 60 days or less. The Fund can also accept U.S. government securities and letters of credit (non-cash collateral) in connection with securities loans. In the event of default or bankruptcy by the lending agent, realization and/or retention of the collateral may be subject to legal proceedings. In the event the borrower fails to return the loaned securities and the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Fund or, at the discretion of the lending agent, replace the loaned securities. The Fund continues to record dividends or interest, as applicable, on the securities loaned and is subject to changes in value of the securities loaned that may occur during the term of the loan. The Fund has the right under the Lending Agreement to recover the securities from the borrower on demand. With respect to security loans collateralized by non-cash collateral, the Fund receives loan premiums paid by the borrower. With respect to security loans collateralized by cash collateral, the earnings from the collateral investments are shared among the Fund, the security lending agent and the borrower. The Fund records security lending income net of allocations to the security lending agent, and the borrower.

The Collective Trust used for the investment of cash collateral received from borrowers of securities seeks to maintain a net asset value per unit of $1.00, but there can be no assurance that it will always be able to do so. The Fund may incur investment losses as a result of investing securities lending collateral in the Collective Trust. This could occur if an investment in the Collective Trust defaulted or if it were necessary to liquidate assets in the Collective Trust to meet returns on outstanding security loans at a time when the Collective Trust’s net asset value per unit was less than $1.00. Under those circumstances, the Fund may not receive an amount from the Collective Trust that is equal in amount to the collateral the Fund would be required to return to the borrower of the securities and the Fund would be required to make up for this shortfall.

At Feb. 28, 2015, the value of securities on loan was $16,092,920, for which the Fund received collateral, comprised of non-cash collateral (U.S. government securities) valued at $3,865,604, and cash collateral of $13,685,380. At Feb. 28, 2015, the value of invested collateral was $13,685,380. Investments purchased with cash collateral are presented on the “Schedule of investments” under the caption “Securities Lending Collateral”.

(continues) NQ-DEX [2/15] 4/15 (14204) 21

(Unaudited)

4. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Feb. 28, 2015 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

22 NQ-DEX [2/15] 4/15 (14204)

Item 2. Controls and Procedures.

The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below: