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, 2018


Item 1. Schedule of Investments.

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund
February 28, 2018 (Unaudited)

Number of Value
      shares       (US $)
Common Stock – 69.20%
Consumer Discretionary – 11.82%
Bayerische Motoren Werke 23,361 $ 2,454,421
Cie Generale des
     Etablissements Michelin
13,478 2,071,632
Ford Motor 92,000 976,120
Kering 5,695 2,672,489
Nitori Holdings 7,308 1,226,393
Publicis Groupe 13,009 978,395
Target 13,000 980,330
Techtronic Industries 449,000 2,817,043
Toyota Motor 55,405 3,733,362
Valeo 27,671 1,789,426
Whirlpool 3,400 552,262
Yue Yuen Industrial Holdings 857,000 3,668,524
23,920,397
Consumer Staples – 6.54%
Archer-Daniels-Midland 14,400 597,888
British American Tobacco
     ADR
11,940 705,176
Carlsberg Class B 21,040 2,572,439
Coca-Cola Amatil 66,291 448,343
CVS Health 8,300 562,159
Imperial Brands 51,946 1,865,035
Japan Tobacco 76,500 2,170,850
Kimberly-Clark 9,800 1,087,016
Kraft Heinz 7,200 482,760
Matsumotokiyoshi Holdings 25,900 1,089,497
Mondelez International 14,100 618,990
Procter & Gamble 13,200 1,036,464
13,236,617
Diversified REITs – 0.08%
Investors Real Estate Trust 10,260 47,709
Orix JREIT 40 61,071
Sun Hung Kai Properties 3,000 49,767
158,547
Energy – 4.81%
Chevron 6,700 749,864
ConocoPhillips 11,000 597,410
Occidental Petroleum 19,900 1,305,440
Royal Dutch Shell ADR 17,500 1,123,150
Suncor Energy 52,500 1,728,180
TOTAL 41,424 2,356,146
TOTAL ADR 20,500 1,162,145
Williams 25,900 718,984
9,741,319
Financials – 12.30%
Arthur J Gallagher & Co. 17,300 1,195,603
Ashford † 632 62,536
AXA 106,061 3,321,731
Bank Rakyat Indonesia
     Persero
9,080,200 2,496,502
BB&T 23,300 1,266,355
ING Groep 159,067 2,791,305
Mitsubishi UFJ Financial
     Group
597,428 4,208,071
Nordea Bank 225,522 2,559,165
Nordea Bank FDR 52,674 600,442
Standard Chartered † 253,052 2,805,593
UniCredit † 115,399 2,433,728
Wells Fargo & Co. 19,500 1,138,995
24,880,026
Healthcare – 8.00%
Abbott Laboratories 10,500 633,465
AbbVie 8,900 1,030,887
Amgen 3,200 588,064
AstraZeneca ADR 32,900 1,091,951
Brookdale Senior Living † 182,748 1,193,344
Cardinal Health 12,600 872,046
Johnson & Johnson 5,500 714,340
Koninklijke Philips 79,004 3,010,915
Merck & Co. 20,900 1,133,198
Novartis 38,127 3,180,624
Pfizer 38,060 1,381,959
Sanofi 17,314 1,366,938
16,197,731
Healthcare REITs – 0.06%
Assura 70,493 56,094
Healthcare Realty Trust 2,185 58,012
114,106
Hotel REITs – 0.46%
Ashford Hospitality Prime 13,251 113,959
Ashford Hospitality Trust 55,000 303,050
Hospitality Properties Trust 10,500 267,120
MGM Growth Properties 9,300 244,125
928,254
Industrial REIT – 0.11%
Prologis Property Mexico 116,800 220,766
220,766
Industrials – 12.42%
Deutsche Post 75,565 3,447,370
East Japan Railway 30,061 2,820,083
ITOCHU 229,902 4,419,305

(continues)     NQ-DEX [2/18] 4/18 (462679) 1


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

Number of Value
      shares       (US $)
Common Stock(continued)
Industrials (continued)
Leonardo 69,979 $ 749,099
Lockheed Martin 2,500 881,100
Meggitt 284,270 1,761,824
MINEBEA MITSUMI 106,700 2,413,347
Rexel 58,934 1,035,059
Teleperformance 16,587 2,362,085
United Technologies 4,800 646,752
Vinci 34,118 3,368,820
Waste Management 14,200 1,225,744
25,130,588
Information Technology – 4.63%
CA 35,700 1,253,070
Canon ADR 15,300 583,236
Cisco Systems 26,600 1,191,148
Intel 26,600 1,311,114
International Business
     Machines 5,100 794,733
Playtech 189,473 2,032,265
Samsung Electronics 1,013 2,201,319
9,366,885
Mall REITs – 0.18%
GGP 4,680 99,076
Simon Property Group 1,761 270,331
369,407
Materials – 1.51%
DowDuPont 16,100 1,131,830
Rio Tinto 36,011 1,930,361
3,062,191
Multifamily REITs – 0.56%
Equity Residential 18,800 1,057,124
Gecina 450 78,807
1,135,931
Office REITs – 0.65%
alstria office REIT 33,657 498,800
Champion REIT 125,000 88,759
Easterly Government
     Properties 17,485 332,914
Intervest Offices &
     Warehouses 2,500 69,083
Kenedix Office Investment 50 316,171
1,305,727
Self-Storage REIT – 0.11%
National Storage Affiliates
     Trust 8,800 215,864
215,864
Shopping Center REITs – 0.26%
Charter Hall Retail REIT 71,117 205,263
Link REIT 33,000 280,533
Retail Properties of America 4,117 49,239
535,035
Single Tenant REIT – 0.06%
STORE Capital 4,910 117,054
117,054
Specialty REIT – 0.05%
Invitation Homes 4,833 105,118
105,118
Telecommunication Services – 3.84%
AT&T 38,400 1,393,920
Century Communications =† 125,000 0
Mobile TeleSystems ADR 116,900 1,398,124
Nippon Telegraph &
     Telephone 55,802 2,591,814
Tele2 Class B 87,050 1,029,587
Verizon Communications 28,400 1,355,816
7,769,261
Utilities – 0.75%
Edison International 7,600 460,484
National Grid 41,028 415,221
National Grid ADR 12,375 638,426
1,514,131
Total Common Stock
(cost $116,627,320) 140,024,955
 
Convertible Preferred Stock – 2.87%  
A Schulman 6.00%
     exercise price $52.33 ψ 940 976,660
AMG Capital Trust II
     5.15% exercise price
     $200.00, maturity date
     10/15/37 14,324 899,904
Bank of America 7.25%
     exercise price $50.00 ψ 728 931,498
El Paso Energy Capital Trust
     I 4.75% exercise price
     $50.00, maturity date
     3/31/28 22,617 1,076,811
Wells Fargo & Co. 7.50%
     exercise price
     $156.71 ψ 695 886,125

2 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

Number of Value
      shares       (US $)
Convertible Preferred Stock (continued)  
Welltower 6.50% exercise
     price $57.42 ψ 19,015 $ 1,036,317
Total Convertible Preferred Stock (cost
$5,580,705) 5,807,315
 
Exchange-Traded Fund – 0.01%
iPATH S&P 500 VIX
     Short-Term Futures ETN † 390 17,297
Total Exchange-Traded Fund
(cost $1,176,115) 17,297
 
Limited Partnerships – 1.00%
Brookfield Infrastructure
     Partners 3,900 157,326
Merion Champion’s Walk =π† 983,011 933,860
Merion Countryside =π† 775,198 922,640
Total Limited Partnerships
(cost $1,702,249) 2,013,826
 
Principal
  amount°
Agency Collateralized Mortgage Obligation – 0.02%
Fannie Mae REMICS
     Series 2001-50 BA
     7.00% 10/25/41 38,281 42,678
Total Agency Collateralized
Mortgage Obligation
(cost $39,125) 42,678
 
Agency Commercial Mortgage-Backed Securities – 0.01%
FREMF Mortgage Trust
     Series 2011-K15 B 144A
     4.948% 8/25/44 #● 10,000 10,487
     Series 2012-K22 B 144A
     3.686% 8/25/45 #● 10,000 10,083
Total Agency Commercial
Mortgage-Backed
Securities (cost $21,214) 20,570
 
Agency Mortgage-Backed Securities – 0.02%
Fannie Mae ARM
     3.341% (LIBOR12M +
     1.591%) 10/1/36 ● 2,740 2,856
     3.44% (LIBOR12M +
     1.69%) 11/1/35 ● 3,598 3,774
     3.448% (LIBOR12M +
     1.698%) 4/1/36 ● 11,849 12,471
     3.536% (LIBOR12M +
     1.786%) 10/1/36 ● 3,204 3,361
Fannie Mae S.F. 30 yr
     5.00% 6/1/44 4,047 4,401
Freddie Mac ARM
     3.287% (H15T1Y +
     2.14%) 10/1/36 ● 5,708 5,981
Freddie Mac S.F. 30 yr
     5.50% 4/1/40 859 943
GNMA II S.F. 30 yr
     6.00% 2/20/40 2,710 2,986
Total Agency
Mortgage-Backed
Securities (cost $35,834) 36,773
 
Convertible Bonds – 13.73%
Basic Industry – 0.23%
Team 144A 5.00% exercise
     price $21.70, maturity date
     8/1/23 # 438,000 473,144
473,144
Brokerage – 0.40%
GAIN Capital Holdings 144A
     5.00% exercise price
     $8.20, maturity date
     8/15/22 # 709,000 818,895
818,895
Capital Goods – 1.94%
Aerojet Rocketdyne Holdings
     2.25% exercise price
     $26.00, maturity date
     12/15/23 193,000 239,667
Cemex 3.72% exercise price
     $11.01, maturity date
     3/15/20 726,000 750,449
Chart Industries 144A 1.00%
     exercise price $58.73,
     maturity date 11/15/24 # 583,000 658,763
Kaman 144A 3.25% exercise
     price $65.26, maturity date
     5/1/24 # 811,000 917,996
SolarCity 1.625% exercise
     price $759.35, maturity
     date 11/1/19 1,439,000 1,348,873
3,915,748
Communications – 1.28%
Alaska Communications
     Systems Group 6.25%
     exercise price $10.28,
     maturity date 5/1/18 384,000 392,534

(continues)     NQ-DEX [2/18] 4/18 (462679) 3


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

Principal Value
      amount°       (US $)
Convertible Bonds (continued)
Communications (continued)
DISH Network
     144A 2.375% exercise
     price $82.22, maturity date
     3/15/24 # 842,000 $ 760,841
     3.375% exercise price
     $65.18, maturity date
     8/15/26 501,000 505,291
Liberty Interactive 144A
     1.75% exercise price
     $341.10, maturity date      
     9/30/46 # 639,000 739,027
Liberty Media 2.25% exercise
     price $104.55, maturity
     date 9/30/46 178,000 186,536
2,584,229
Consumer Cyclical – 0.31%
Huron Consulting Group
     1.25% exercise price
     $79.89, maturity date
     10/1/19 664,000 621,670
621,670
Consumer Non-Cyclical – 2.83%
Brookdale Senior Living
     2.75% exercise price
     $29.33, maturity date
     6/15/18 1,337,000 1,331,986
Insulet 144A 1.375% exercise
     price $93.18, maturity date
     11/15/24 # 306,000 321,794
Medicines 2.75% exercise
     price $48.97, maturity date
     7/15/23 1,013,000 950,967
Neurocrine Biosciences 144A
     2.25% exercise price
     $75.92, maturity date
     5/15/24 # 515,000 684,119
Pacira Pharmaceuticals 144A
     2.375% exercise price
     $66.89, maturity date
     4/1/22 # 699,000 643,900
Spectrum Pharmaceuticals
     2.75% exercise price
     $10.53, maturity date
     12/15/18 173,000 361,570
Vector Group
     1.75% exercise price
     $22.35, maturity date
     4/15/20 ● 1,007,000 1,102,219
     2.50% exercise price
     $14.50, maturity date
     1/15/19 ● 237,000 332,555
5,729,110
Energy – 1.02%
Cheniere Energy 4.25%
     exercise price $138.38,
     maturity date 3/15/45 513,000 397,599
Helix Energy Solutions Group
     4.25% exercise price
     $13.89, maturity date
     5/1/22 944,000 891,711
PDC Energy 1.125% exercise
     price $85.39, maturity date
     9/15/21 762,000 771,254
2,060,564
Financials – 1.34%
Ares Capital 3.75% exercise
     price $19.39, maturity date
     2/1/22 884,000 897,096
Blackhawk Network Holdings
     1.50% exercise price
     $49.83, maturity date
     1/15/22 886,000 983,681
New Mountain Finance
     5.00% exercise price
     $15.80, maturity date
     6/15/19 814,000 833,630
2,714,407
Real Estate Investment Trusts – 1.97%
Blackstone Mortgage Trust
     4.375% exercise price
     $35.67, maturity date
     5/5/22 921,000 907,348
     5.25% exercise price
     $27.67, maturity date
     12/1/18 758,000 849,525
Spirit Realty Capital 3.75%
     exercise price $12.93,
     maturity date 5/15/21 977,000 996,372
VEREIT 3.75% exercise price
     $14.99, maturity date
     12/15/20 1,219,000 1,232,013
3,985,258
Technology – 2.41%
Ciena 3.75% exercise price
     $20.17, maturity date
     10/15/18 469,000 573,273

4 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

Principal Value
      amount°       (US $)
Convertible Bonds (continued)
Technology (continued)
Electronics For Imaging
     0.75% exercise price
     $52.72, maturity date
     9/1/19 560,000 $ 544,216
Knowles 3.25% exercise price
     $18.43, maturity date
     11/1/21 649,000 711,564
NXP Semiconductors 1.00%
     exercise price $102.84,
     maturity date 12/1/19 221,000 285,505
PROS Holdings 2.00%
     exercise price $33.79,
     maturity date 12/1/19 862,000 960,640
Synaptics 144A 0.50%
     exercise price $73.02,
     maturity date 6/15/22 # 769,000 740,700
Verint Systems 1.50%
     exercise price $64.46,
     maturity date 6/1/21 1,101,000 1,065,733
4,881,631
Total Convertible Bonds
(cost $26,674,424) 27,784,656
 
Corporate Bonds – 43.88%
Banking – 2.37%
Ally Financial 5.75%
     11/20/25 702,000 734,467
Banco do Brasil 144A
     4.625% 1/15/25 # 500,000 488,625
Bank of America
     144A 3.419%
     12/20/28 #µ 5,000 4,793
     4.183% 11/25/27 5,000 5,008
     5.625% 7/1/20 5,000 5,303
Bank of Montreal 3.803%
     12/15/32 µ 5,000 4,776
Bank of New York Mellon
     2.95% 1/29/23 10,000 9,860
     3.30% 8/23/29 5,000 4,764
     4.625% µψ 5,000 4,984
BB&T 2.85% 10/26/24 5,000 4,840
Citizens Financial Group
     4.30% 12/3/25 5,000 5,094
Credit Suisse Group 144A
     6.25% #µψ 485,000 511,299
Fifth Third Bancorp 2.875%
     7/27/20 5,000 4,993
Goldman Sachs Group 6.00%
     6/15/20 5,000 5,331
Huntington Bancshares
     2.30% 1/14/22 5,000 4,818
JPMorgan Chase & Co.
     3.897% 1/23/49 µ 10,000 9,440
Lloyds Banking Group 7.50% µψ 775,000 851,531
Morgan Stanley
     3.772% 1/24/29 µ 15,000 14,695
     5.00% 11/24/25 5,000 5,332
PNC Financial Services Group
     5.00% µψ 5,000 5,087
Popular 7.00% 7/1/19 605,000 626,175
Royal Bank of Scotland Group
     8.625% µψ 655,000 725,413
State Street
     3.10% 5/15/23 5,000 4,934
     3.30% 12/16/24 5,000 4,978
SunTrust Banks
     2.45% 8/1/22 5,000 4,839
     2.70% 1/27/22 5,000 4,900
Toronto-Dominion Bank
     2.50% 12/14/20 5,000 4,955
UBS Group 6.875% µψ 600,000 650,647
US Bancorp 3.10% 4/27/26 5,000 4,783
USB Capital IX 3.50%
     (LIBOR03M + 1.02%) ψ● 80,000 70,500
4,787,164
Basic Industry – 7.25%
Barrick North America Finance
     5.75% 5/1/43 5,000 5,967
Beacon Escrow 144A 4.875%
     11/1/25 # 805,000 789,141
BMC East 144A 5.50%
     10/1/24 # 282,000 286,935
Boise Cascade 144A 5.625%
     9/1/24 # 905,000 936,675
Builders FirstSource 144A
     5.625% 9/1/24 # 405,000 413,606
Chemours 5.375% 5/15/27 456,000 458,280
CSN Resources 144A 7.625%
     2/13/23 # 500,000 492,500
Dow Chemical 8.55%
     5/15/19 34,000 36,331
FMG Resources August 2006
     144A 4.75% 5/15/22 # 240,000 240,720
     144A 5.125% 5/15/24 # 424,000 424,399
Freeport-McMoRan
     4.55% 11/14/24 345,000 338,963
     6.875% 2/15/23 766,000 829,195

(continues)     NQ-DEX [2/18] 4/18 (462679) 5


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

Principal Value
     amount°       (US $)
Corporate Bonds (continued)
Basic Industry (continued)
Georgia-Pacific 8.00%
     1/15/24 10,000 $ 12,439
Hudbay Minerals
     144A 7.25% 1/15/23 # 50,000 53,375
     144A 7.625% 1/15/25 # 395,000 431,537
Jeld-Wen
     144A 4.625% 12/15/25 # 80,000 78,400
     144A 4.875% 12/15/27 # 500,000 486,250
Joseph T Ryerson & Son 144A
     11.00% 5/15/22 # 182,000 203,085
Koppers 144A 6.00%
     2/15/25 # 484,000 502,150
Kraton Polymers 144A 7.00%
     4/15/25 # 362,000 375,575
Lennar
     4.50% 4/30/24 430,000 427,850
     4.75% 5/30/25 215,000 214,731
New Gold 144A 6.25%
     11/15/22 # 162,000 166,860
Nexa Resources 144A
     5.375% 5/4/27 # 500,000 517,250
NOVA Chemicals
     144A 5.00% 5/1/25 # 285,000 283,575
     144A 5.25% 6/1/27 # 380,000 372,400
Novelis 144A 6.25%
     8/15/24 # 750,000 768,750
Olin
     5.00% 2/1/30 380,000 367,175
     5.125% 9/15/27 478,000 471,726
PQ 144A 6.75% 11/15/22 # 280,000 296,450
PulteGroup 5.00% 1/15/27 215,000 214,463
Standard Industries 144A
     5.00% 2/15/27 # 855,000 849,656
Steel Dynamics 5.00%
     12/15/26 460,000 470,350
Summit Materials 8.50%
     4/15/22 130,000 142,735
US Concrete 6.375% 6/1/24 600,000 640,500
WestRock 144A 3.375%
     9/15/27 # 5,000 4,787
WR Grace & Co.-Conn 144A
     5.625% 10/1/24 # 210,000 221,287
Zekelman Industries 144A
     9.875% 6/15/23 # 770,000 848,925
14,674,993
Brokerage – 0.22%
E*TRADE Financial
     5.30% µψ 5,000 4,950
     5.875% µψ 400,000 415,000
Jefferies Group
     4.15% 1/23/30 10,000 9,514
     6.45% 6/8/27 5,000 5,651
     6.50% 1/20/43 5,000 5,652
440,767
Capital Goods – 1.91%
Allegion US Holding 3.55%
     10/1/27 4,000 3,848
Ardagh Packaging Finance
     144A 6.00% 2/15/25 # 360,000 369,900
Berry Global 144A 4.50%
     2/15/26 # 655,000 638,625
BWAY Holding
     144A 5.50% 4/15/24 # 699,000 716,475
     144A 7.25% 4/15/25 # 350,000 362,250
CCL Industries 144A 3.25%
     10/1/26 # 5,000 4,656
Crane 4.45% 12/15/23 10,000 10,261
Crown Americas 144A 4.75%
     2/1/26 # 659,000 650,763
Eaton 3.103% 9/15/27 5,000 4,762
Flex Acquisition 144A
     6.875% 1/15/25 # 420,000 426,037
General Electric
     2.10% 12/11/19 35,000 34,551
     5.55% 5/4/20 5,000 5,268
     6.00% 8/7/19 10,000 10,454
Leggett & Platt 3.50%
     11/15/27 5,000 4,820
Lennox International 3.00%
     11/15/23 5,000 4,881
Martin Marietta Materials
     4.25% 12/15/47 5,000 4,662
Northrop Grumman 3.25%
     1/15/28 5,000 4,798
StandardAero Aviation
     Holdings 144A 10.00%
     7/15/23 # 210,000 228,900
TransDigm 6.375% 6/15/26 368,000 377,200
Waste Management 3.15%
     11/15/27 5,000 4,780
3,867,891
Consumer Cyclical – 3.48%
AMC Entertainment Holdings
     6.125% 5/15/27 456,000 444,600
American Tire Distributors
     144A 10.25% 3/1/22 # 264,000 276,242
Boyd Gaming 6.375%
     4/1/26 1,013,000 1,067,449

6 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

Principal Value
      amount°       (US $)
Corporate Bonds (continued)
Consumer Cyclical (continued)
General Motors Financial
     5.25% 3/1/26 5,000 $ 5,304
GLP Capital / GLP Financing
     5.375% 4/15/26 345,000 357,506
Goodyear Tire & Rubber
     4.875% 3/15/27 635,000 627,063
Hilton Worldwide Finance
     4.875% 4/1/27 870,000 872,175
Hyundai Capital America
     144A 2.55% 2/6/19 # 10,000 9,971
KFC Holding / Pizza Hut
     Holdings / Taco Bell of
     America 144A 5.25%
     6/1/26 # 740,000 751,100
MGM Resorts International
     4.625% 9/1/26 483,000 474,543
Penn National Gaming 144A
     5.625% 1/15/27 # 483,000 480,585
Penske Automotive Group
     5.50% 5/15/26 861,000 861,000
Royal Caribbean Cruises
     3.70% 3/15/28 5,000 4,788
Scientific Games International
     10.00% 12/1/22 743,000 808,570
Starbucks 2.70% 6/15/22 5,000 4,956
Toyota Motor Credit 2.80%
     7/13/22 5,000 4,953
7,050,805
Consumer Non-Cyclical – 1.76%
Abbott Laboratories 2.80%
     9/15/20 5,000 4,988
Anheuser-Busch InBev
     Finance
     3.30% 2/1/23 5,000 4,984
     3.65% 2/1/26 5,000 4,963
     4.90% 2/1/46 5,000 5,352
BAT Capital 144A 3.557%
     8/15/27 # 5,000 4,789
Biogen 5.20% 9/15/45 5,000 5,469
Celgene 3.90% 2/20/28 5,000 4,924
Cott Holdings 144A 5.50%
     4/1/25 # 728,000 726,981
Covidien International
     Finance 4.20% 6/15/20 20,000 20,608
ESAL 144A 6.25% 2/5/23 # 650,000 620,951
JBS USA
     144A 5.75% 6/15/25 # 477,000 457,920
     144A 6.75% 2/15/28 # 350,000 347,743
Pfizer 3.00% 12/15/26 5,000 4,842
Post Holdings
     144A 5.00% 8/15/26 # 244,000 232,410
     144A 5.625% 1/15/28 # 400,000 390,000
     144A 5.75% 3/1/27 # 238,000 235,620
Shire Acquisitions Investments
     Ireland
     2.40% 9/23/21 5,000 4,833
     2.875% 9/23/23 5,000 4,787
Tempur Sealy International
     5.50% 6/15/26 436,000 429,460
Thermo Fisher Scientific
     3.00% 4/15/23 10,000 9,822
Zimmer Biomet Holdings
     4.625% 11/30/19 30,000 30,933
3,552,379
Electric – 0.35%
Ameren 3.65% 2/15/26 5,000 4,967
Ameren Illinois 9.75%
     11/15/18 45,000 47,201
American Transmission
     Systems 144A 5.25%
     1/15/22 # 15,000 16,078
Cleveland Electric Illuminating
     5.50% 8/15/24 5,000 5,541
CMS Energy 6.25% 2/1/20 5,000 5,319
Commonwealth Edison
     5.80% 3/15/18 5,000 5,007
DTE Energy 3.30% 6/15/22 5,000 4,987
Duke Energy 3.15% 8/15/27 5,000 4,743
Entergy Louisiana 4.05%
     9/1/23 10,000 10,444
Fortis 3.055% 10/4/26 5,000 4,656
Great Plains Energy 4.85%
     6/1/21 5,000 5,219
Israel Electric 144A 4.25%
     8/14/28 # 500,000 493,130
ITC Holdings 144A 3.35%
     11/15/27 # 5,000 4,829
Kansas City Power & Light
     3.65% 8/15/25 5,000 5,006
LG&E & KU Energy 4.375%
     10/1/21 20,000 20,760
National Rural Utilities
     Cooperative Finance
     2.85% 1/27/25 5,000 4,833
     4.75% 4/30/43 µ 5,000 5,183
New York State Electric & Gas
     144A 3.25% 12/1/26 # 5,000 4,883

(continues)     NQ-DEX [2/18] 4/18 (462679) 7


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

Principal Value
      amount°       (US $)
Corporate Bonds (continued)
Electric (continued)
NextEra Energy Capital
     Holdings 3.55% 5/1/27 5,000 $ 4,900
NV Energy 6.25% 11/15/20 5,000 5,429
PPL Electric Utilities 3.00%
     9/15/21 10,000 10,038
Public Service Co. of New
     Hampshire 3.50%
     11/1/23 5,000 5,084
Public Service Co. of
     Oklahoma 5.15%
     12/1/19 15,000 15,580
South Carolina Electric & Gas
     4.10% 6/15/46 5,000 4,782
698,599
Energy – 8.30%
Abu Dhabi Crude Oil Pipeline
     144A 3.65% 11/2/29 # 750,000 716,297
Alta Mesa Holdings 7.875%
     12/15/24 462,000 494,340
AmeriGas Partners 5.875%
     8/20/26 666,000 670,995
Anadarko Petroleum 6.60%
     3/15/46 5,000 6,256
Andeavor Logistics 5.25%
     1/15/25 454,000 466,508
Antero Resources 5.625%
     6/1/23 283,000 291,490
Cheniere Corpus Christi
     Holdings
     5.125% 6/30/27 92,000 93,380
     5.875% 3/31/25 222,000 235,597
     7.00% 6/30/24 205,000 230,164
Chesapeake Energy
     144A 8.00% 12/15/22 # 106,000 113,155
     144A 8.00% 1/15/25 # 150,000 148,500
Crestwood Midstream
     Partners 5.75% 4/1/25 466,000 473,573
Diamondback Energy 4.75%
     11/1/24 435,000 430,650
Ecopetrol 5.875% 5/28/45 500,000 503,125
Enbridge
     3.70% 7/15/27 5,000 4,839
     6.00% 1/15/77 µ 5,000 5,075
Energy Transfer Equity 5.50%
     6/1/27 260,000 269,750
Energy Transfer Partners
     6.125% 12/15/45 5,000 5,352
     6.625% µψ 5,000 4,816
     9.70% 3/15/19 7,000 7,494
Gazprom OAO Via Gaz
     Capital 144A 4.95%
     3/23/27 # 500,000 511,973
Genesis Energy 6.75%
     8/1/22 726,000 751,229
Gulfport Energy
     144A 6.375% 1/15/26 # 235,000 232,215
     6.625% 5/1/23 495,000 511,087
Hilcorp Energy I
     144A 5.00% 12/1/24 # 229,000 231,290
     144A 5.75% 10/1/25 # 239,000 244,377
Holly Energy Partners 144A
     6.00% 8/1/24 # 225,000 232,313
Laredo Petroleum 6.25%
     3/15/23 501,000 508,515
MPLX 4.875% 12/1/24 10,000 10,535
Murphy Oil 6.875% 8/15/24 1,030,000 1,085,496
Murphy Oil USA 5.625%
     5/1/27 886,000 907,043
Newfield Exploration 5.375%
     1/1/26 662,000 686,825
Noble Energy 3.85%
     1/15/28 5,000 4,900
NuStar Logistics 5.625%
     4/28/27 402,000 398,985
Oasis Petroleum 6.875%
     3/15/22 381,000 391,239
ONEOK 7.50% 9/1/23 5,000 5,849
Petrobras Global Finance
     7.25% 3/17/44 400,000 407,000
Petroleos Mexicanos 6.75%
     9/21/47 160,000 163,104
QEP Resources 5.625%
     3/1/26 650,000 641,875
Raizen Fuels Finance 144A
     5.30% 1/20/27 # 500,000 514,375
Sabine Pass Liquefaction
     5.625% 3/1/25 15,000 16,159
Sempra Energy 3.80%
     2/1/38 5,000 4,753
Southwestern Energy
     4.10% 3/15/22 239,000 225,257
     6.70% 1/23/25 623,000 613,655
Targa Resources Partners
     5.375% 2/1/27 658,000 660,467
Tecpetrol 144A 4.875%
     12/12/22 # 500,000 489,000
Transocean 144A 9.00%
     7/15/23 # 422,000 456,287

8 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

      Principal       Value
amount° (US $)
Corporate Bonds (continued)
Energy (continued)
Transocean Proteus 144A
     6.25% 12/1/24 # 194,400 $ 200,728
WildHorse Resource
     Development 6.875%
     2/1/25 484,000 497,310
Woodside Finance 144A
     8.75% 3/1/19 # 15,000 15,871
16,791,068
Financials – 0.22%
AerCap Global Aviation Trust
     144A 6.50% 6/15/45 #µ 400,000 436,000
Air Lease 3.00% 9/15/23 5,000 4,870
Aviation Capital Group 144A
     4.875% 10/1/25 # 5,000 5,236
446,106
Healthcare – 2.95%
Air Medical Group Holdings
     144A 6.375% 5/15/23 # 676,000 645,580
DaVita 5.00% 5/1/25 406,000 398,895
Encompass Health
     5.75% 11/1/24 670,000 681,725
     5.75% 9/15/25 251,000 256,647
HCA
     5.375% 2/1/25 1,026,000 1,045,566
     5.875% 2/15/26 136,000 141,100
     7.58% 9/15/25 194,000 218,250
Hill-Rom Holdings
     144A 5.00% 2/15/25 # 348,000 348,870
     144A 5.75% 9/1/23 # 243,000 253,327
Hologic 144A 4.625%
     2/1/28 # 370,000 357,975
inVentiv Group Holdings
     144A 7.50% 10/1/24 # 152,000 163,400
MPH Acquisition Holdings
     144A 7.125% 6/1/24 # 402,000 424,110
Service Corp International
     4.625% 12/15/27 360,000 352,800
Tenet Healthcare
     144A 5.125% 5/1/25 # 395,000 384,631
     8.125% 4/1/22 279,000 294,694
5,967,570
Insurance – 0.71%
AXIS Specialty Finance 4.00%
     12/6/27 5,000 4,884
Berkshire Hathaway Finance
     2.90% 10/15/20 35,000 35,202
Chubb INA Holdings 3.35%
     5/3/26 5,000 4,945
HUB International 144A
     7.875% 10/1/21 # 504,000 520,380
Liberty Mutual Group 144A
     4.95% 5/1/22 # 5,000 5,292
MetLife 6.40% 12/15/36 100,000 113,000
Nuveen Finance
     144A 2.95% 11/1/19 # 5,000 5,004
     144A 4.125% 11/1/24 # 10,000 10,314
Progressive 2.45% 1/15/27 5,000 4,620
Prudential Financial 5.375%
     5/15/45 µ 5,000 5,213
USIS Merger Sub 144A
     6.875% 5/1/25 # 727,000 737,905
1,446,759
Media – 4.23%
AMC Networks 4.75%
     8/1/25 440,000 427,350
CCO Holdings
     144A 5.125% 5/1/27 # 250,000 240,937
     144A 5.50% 5/1/26 # 29,000 29,073
     144A 5.75% 2/15/26 # 342,000 347,557
     144A 5.875% 5/1/27 # 516,000 525,675
Cequel Communications
     Holdings I 144A 7.75%
     7/15/25 # 325,000 347,750
Gray Television 144A 5.875%
     7/15/26 # 667,000 662,831
Lamar Media 5.75% 2/1/26 399,000 414,461
Nexstar Broadcasting 144A
     5.625% 8/1/24 # 844,000 850,330
Nielsen Co. Luxembourg
     144A 5.00% 2/1/25 # 855,000 855,804
SFR Group 144A 7.375%
     5/1/26 # 430,000 416,691
Sinclair Television Group
     144A 5.125% 2/15/27 # 483,000 466,699
Sirius XM Radio
     144A 5.00% 8/1/27 # 875,000 855,050
     144A 5.375% 4/15/25 # 419,000 426,856
Tribune Media 5.875%
     7/15/22 412,000 422,300
UPC Holding 144A 5.50%
     1/15/28 # 440,000 414,700
Virgin Media Secured Finance
     144A 5.25% 1/15/26 # 410,000 403,337
VTR Finance 144A 6.875%
     1/15/24 # 430,000 449,350
8,556,751

(continues)     NQ-DEX [2/18] 4/18 (462679) 9


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

      Principal       Value
amount° (US $)
Corporate Bonds (continued)
Real Estate Investment Trusts – 1.27%
American Tower Trust I 144A
     3.07% 3/15/23 # 20,000 $ 19,825
Corporate Office Properties
     3.60% 5/15/23 5,000 4,939
     5.25% 2/15/24 10,000 10,529
CubeSmart 3.125% 9/1/26 5,000 4,629
Education Realty Operating
     Partnership 4.60%
     12/1/24 5,000 5,079
ESH Hospitality 144A 5.25%
     5/1/25 # 716,000 716,000
GEO Group
     5.125% 4/1/23 165,000 165,000
     5.875% 1/15/22 700,000 721,875
     6.00% 4/15/26 309,000 309,479
Hospitality Properties Trust
     4.50% 3/15/25 5,000 5,076
Host Hotels & Resorts 4.50%
     2/1/26 5,000 5,085
Iron Mountain 144A 4.875%
     9/15/27 # 135,000 127,913
Iron Mountain US Holdings
     144A 5.375% 6/1/26 # 462,000 457,380
LifeStorage 3.50% 7/1/26 5,000 4,771
Regency Centers 3.60%
     2/1/27 5,000 4,818
WP Carey 4.60% 4/1/24 5,000 5,181
2,567,579
Services – 2.65%
Advanced Disposal Services
     144A 5.625% 11/15/24 # 471,000 481,597
Aramark Services 144A
     5.00% 2/1/28 # 145,000 144,819
Ashtead Capital 144A
     4.375% 8/15/27 # 750,000 725,625
Avis Budget Car Rental 144A
     6.375% 4/1/24 # 266,000 273,315
Covanta Holding 5.875%
     7/1/25 467,000 465,833
Herc Rentals 144A 7.75%
     6/1/24 # 432,000 472,910
KAR Auction Services 144A
     5.125% 6/1/25 # 237,000 239,370
Prime Security Services
     Borrower 144A 9.25%
     5/15/23 # 1,191,000 1,299,679
United Rentals North America
     5.50% 5/15/27 1,237,000 1,269,162
5,372,310
Technology – 1.84%
Apple 2.75% 1/13/25 5,000 4,807
Broadcom 3.50% 1/15/28 5,000 4,626
CDK Global 5.00%
     10/15/24 409,000 415,135
CDW Finance 5.00% 9/1/25 239,000 242,286
CommScope Technologies
     144A 5.00% 3/15/27 # 430,000 420,325
     144A 6.00% 6/15/25 # 240,000 249,072
Dell International 144A
     6.02% 6/15/26 # 5,000 5,358
First Data 144A 7.00%
     12/1/23 # 815,000 858,806
Infor US 6.50% 5/15/22 403,000 414,083
Oracle 3.25% 11/15/27 5,000 4,856
Sensata Technologies UK
     Financing 144A 6.25%
     2/15/26 # 350,000 372,750
Solera 144A 10.50%
     3/1/24 # 282,000 318,040
Symantec 144A 5.00%
     4/15/25 # 215,000 219,860
Vantiv 144A 4.375%
     11/15/25 # 200,000 194,500
3,724,504
Telecommunications – 2.85%
AT&T
     3.40% 8/14/24 5,000 4,972
     5.25% 3/1/37 5,000 5,198
CenturyLink 6.75% 12/1/23 370,000 366,300
Cincinnati Bell 144A 7.00%
     7/15/24 # 268,000 255,002
Crown Castle Towers 144A
     4.883% 8/15/20 # 30,000 31,048
CyrusOne 5.375% 3/15/27 422,000 424,110
Digicel Group 144A 7.125%
     4/1/22 # 850,000 738,437
Discovery Communications
     5.20% 9/20/47 5,000 4,981
Historic TW 6.875% 6/15/18 25,000 25,301
Level 3 Financing 5.375%
     5/1/25 397,000 395,015
Myriad International Holdings
     144A 4.85% 7/6/27 # 635,000 646,118
Sprint 7.125% 6/15/24 788,000 777,657
Sprint Communications
     7.00% 8/15/20 302,000 316,723
Telecom Italia 144A 5.303%
     5/30/24 # 200,000 208,000

10 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

      Principal       Value
amount° (US $)
Corporate Bonds (continued)
Telecommunications (continued)
Time Warner Cable 7.30%
     7/1/38 5,000 $ 6,013
Time Warner Entertainment
     8.375% 3/15/23 10,000 11,966
T-Mobile USA
     6.375% 3/1/25 169,000 178,717
     6.50% 1/15/26 495,000 532,125
Verizon Communications
     4.50% 8/10/33 10,000 10,069
Zayo Group
     144A 5.75% 1/15/27 # 165,000 166,237
     6.375% 5/15/25 633,000 664,650
5,768,639
Transportation – 0.24%
Air Canada 2015-1 Class A
     Pass Through Trust 144A
     3.60% 3/15/27 #◆ 4,560 4,583
American Airlines 2015-1
     Class A Pass Through Trust
     3.375% 5/1/27 ◆ 4,393 4,326
FedEx 4.05% 2/15/48 15,000 14,194
Penske Truck Leasing
     144A 2.70% 3/14/23 # 5,000 4,823
     144A 3.30% 4/1/21 # 5,000 5,020
     144A 4.20% 4/1/27 # 5,000 5,052
United Airlines 2014-1
     Class A Pass Through Trust
     4.00% 4/11/26 ◆ 4,302 4,392
United Airlines 2014-2
     Class A Pass Through Trust
     3.75% 9/3/26 ◆ 4,426 4,455
United Parcel Service 5.125%
     4/1/19 10,000 10,273
XPO Logistics 144A 6.125%
     9/1/23 # 415,000 432,119
489,237
Utilities – 1.28%
AES
     5.50% 4/15/25 345,000 355,350
     6.00% 5/15/26 57,000 60,135
Calpine
     144A 5.25% 6/1/26 # 625,000 608,594
     5.50% 2/1/24 205,000 192,700
     5.75% 1/15/25 250,000 235,000
Dynegy 144A 8.00%
     1/15/25 # 416,000 453,960
Emera 6.75% 6/15/76 µ 395,000 440,425
Enel 144A 8.75%
     9/24/73 #µ 200,000 241,350
2,587,514
Total Corporate Bonds
(cost $88,478,776) 88,790,635
 
Non-Agency Asset-Backed Security – 0.05%
Citicorp Residential Mortgage
     Trust
     Series 2006-3 A5
     5.418% 11/25/36 ϕ 100,000 103,625
Total Non-Agency
Asset-Backed Security
(cost $87,000) 103,625
 
Non-Agency Collateralized Mortgage Obligation – 0.00%
Citicorp Mortgage Securities
     Trust
     Series 2007-1 2A1 5.50%
     1/25/22 2,666 2,676
Total Non-Agency
Collateralized Mortgage
Obligation (cost $2,610) 2,676
 
Regional Bond – 0.25%Δ
Argentina – 0.25%
Provincia de Cordoba 144A
     7.125% 8/1/27 # 500,000 501,025
Total Regional Bond
(cost $492,500) 501,025
 
Sovereign Bonds – 3.77%Δ
Argentina – 0.45%
Argentine Republic
     Government International
     Bond 6.875% 1/11/48 1,000,000 917,375
917,375
Indonesia – 1.64%
Indonesia Government
     International Bonds
     144A 5.125% 1/15/45 # 1,000,000 1,036,505
     144A 6.75% 1/15/44 # 1,800,000 2,282,405
3,318,910

(continues)     NQ-DEX [2/18] 4/18 (462679) 11


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

      Principal       Value
amount° (US $)
Sovereign BondsΔ (continued)
Mexico – 1.47%
Mexico Government
     International Bonds
     4.15% 3/28/27 1,613,000 $ 1,612,597
     4.35% 1/15/47 1,500,000 1,362,750
2,975,347
Russia – 0.21%
Russian Foreign Bond -
     Eurobond 144A
     5.25% 6/23/47 # 400,000 416,644
416,644
Total Sovereign Bonds
(cost $7,696,399) 7,628,276
 
US Treasury Obligations – 0.81%
US Treasury Bonds
     2.75% 8/15/47 15,000 13,899
     2.75% 11/15/47 20,000 18,534
     3.00% 5/15/47 115,000 112,114
     3.00% 2/15/48 15,000 14,633
US Treasury Notes
     1.125% 7/31/21 185,000 176,711
     1.375% 1/31/21 60,000 58,235
     1.50% 8/15/26 1,045,000 937,929
     1.75% 5/31/22 15,000 14,490
     1.875% 7/31/22 65,000 62,998
     1.875% 9/30/22 35,000 33,866
     2.00% 12/31/21 5,000 4,899
     2.00% 10/31/22 20,000 19,442
     2.25% 2/15/27 10,000 9,502
     2.25% 8/15/27 110,000 104,229
     2.25% 11/15/27 70,000 66,246
Total US Treasury
Obligations
(cost $1,759,063) 1,647,727
 
Leveraged Non-Recourse Security – 0.00%
JPMorgan Fixed Income
     Auction Pass Through Trust
     Series 2007-C 144A
     0.236% 1/15/87 #◆=† 500,000 0
Total Leveraged
Non-Recourse Security
(cost $425,000) 0
 
    Number of
shares
     
Preferred Stock – 0.53%
Bank of America 6.50%µψ 470,000 515,919
Colony NorthStar 8.50%ψ 3,580 90,753
Freddie Mac 6.02%ψ 40,000 228,000
General Electric 5.00%µψ 10,000 9,901
GMAC Capital Trust I 7.624%
     (LIBOR03M + 5.785%)
     2/15/40 ● 6,000 154,800
Integrys Holding
     6.00% 8/1/73 µ 300 8,025
Washington Prime Group
     6.875% 12/31/49 ψ 2,511 53,735
Total Preferred Stock
(cost $1,867,809) 1,061,133
 
Rights – 0.02%
Safeway CVR =† 23,200 30,759
Safeway CVR =† 23,200 0
Total Rights (cost $0) 30,759
 
Warrant – 0.00%
Wheeler Real Estate
     Investment Trust strike
     price $44, expiration date
     4/29/19 † 12,540 261
Total Warrant (cost $104) 261
 
Principal
amount°
Short-Term Investments – 3.21%
Repurchase Agreements – 2.44%
Bank of America Merrill Lynch
     1.31%, dated 2/28/18, to
     be repurchased on 3/1/18,
     repurchase price $811,689
     (collateralized by US
     government obligations
     1.125%–1.25%
     10/31/18–2/28/20; market
     value $827,892) 811,659 811,659
Bank of Montreal
     1.25%, dated 2/28/18, to
     be repurchased on 3/1/18,
     repurchase price
     $1,623,375 (collateralized
     by US government
     obligations
     0.00%–3.625%
     5/31/18–11/15/46; market
     value $1,655,785) 1,623,319 1,623,319

12 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

      Principal       Value
amount° (US $)
Short-Term Investments (continued)
Repurchase Agreements (continued)
BNP Paribas
     1.33%, dated 2/28/18, to
     be repurchased on 3/1/18,
     repurchase price
     $2,502,357 (collateralized
     by US government
     obligations
     0.00%–3.375%
     10/15/19–2/15/46; market
     value $2,552,310) 2,502,264 $ 2,502,264
4,937,242
US Treasury Obligations – 0.77%≠
US Treasury Bills
     1.205% 3/8/18 1,092,053 1,091,807
     1.265% 3/1/18 472,673 472,673
1,564,480
 
Total Short-Term
Investments
(cost $6,501,713) 6,501,722
 
Total Value of
Securities – 139.38%
(cost $259,167,960) 282,015,909
 
Borrowing Under Line of
Credit – (40.53%) (82,000,000 )
Receivables and Other
Assets Net of
Liabilities – 1.15% 2,326,675
Net Assets Applicable to
15,829,048 Shares
Outstanding – 100.00% $ 202,342,584
____________________

#

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Feb. 28, 2018, the aggregate value of Rule 144A securities was $57,610,703, which represents 28.47% 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.

=

The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the disclosure table located in Note 2 in “Notes.”

The rate shown is the effective yield at the time of purchase.

°

Principal amount shown is stated in US dollars unless noted that the security is denominated in another currency.

Δ

Securities have been classified by country of origin.

µ

Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at Feb. 28, 2018. Rate will reset at a future date.

π

Restricted security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At Feb. 28, 2018, the aggregate value of restricted securities was $1,856,500, which represented 0.92% of the Fund’s net assets. See table below for additional details.

ψ

No contractual maturity date.

Non-income producing security.

Variable rate investment. Rates reset periodically. Rates shown reflect the rate in effect at Feb. 28, 2018. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their description above. 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. These securities do not indicate a reference rate and spread in their description above.

ϕ

Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Feb. 28, 2018.

Restricted Securities

Investments   Date of Acquisition       Cost       Value
Merion Champion’s Walk         8/4/17         $ 983,011 $ 933,860
Merion Countryside 5/11/16 573,948 825,371
Merion Countryside 4/7/17 51,527 66,922
Merion Countryside 2/13/18 25,498 30,347
Total $ 1,633,984 $ 1,856,500

(continues)     NQ-DEX [2/18] 4/18 (462679) 13


Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

The following foreign currency exchange contracts were outstanding at Feb. 28, 2018:

Foreign Currency Exchange Contracts

Contracts to Settlement Unrealized
Counterparty   Receive (Deliver)       In Exchange For       Date       Appreciation
BNYM JPY       19,322,477 USD       (180,956) 3/1/18 $ 153
BNYM JPY 25,609,727 USD (239,041) 3/2/18 1,011
Total Foreign Currency Exchange Contracts $ 1,164

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 represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.

Summary of abbreviations:
ADR – American Depositary Receipt
ARM – Adjustable Rate Mortgage
BNYM – Bank of New York Mellon
CVR – Contingent Value Rights
ETN – Exchange-Traded Note
FDR – Finnish Depositary Receipt
FREMF – Freddie Mac Multifamily
GNMA – Government National Mortgage Association
H15T1Y – US Treasury Yield Curve Rate T Note Constant Maturity 1 Yr
ICE – Intercontinental Exchange
JPY – Japanese Yen
JREIT – Japanese Real Estate Investment Trust
LIBOR – London Interbank Offered Rate
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR12M – ICE LIBOR USD 12 Month
REIT – Real Estate Investment Trust
REMIC – Real Estate Mortgage Investment Conduit
S.F. – Single Family
USD – US Dollar
yr – Year

See accompanying notes.

14 NQ-DEX [2/18] 4/18 (462679)


Notes

Delaware Enhanced Global Dividend and Income Fund
February 28, 2018 (Unaudited)

1. Significant Accounting Policies
The following accounting policies are in accordance with US generally accepted accounting principles (US 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, Nov. 30, 2017.

Security Valuation — Equity securities and exchange-traded funds (ETFs), except those traded on the Nasdaq Stock Market LLC (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. Equity 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. Equity securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. US 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 US 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 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. 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-US markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00pm 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 value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing). The foregoing valuation policies apply to restricted and unrestricted securities.

2. Investments
US 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 and on the next page.

Level 1 – 

Inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, and 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, and 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, and fair valued securities)

(continues)     NQ-DEX [2/18] 4/18 (462679) 15


(Unaudited)

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, 2018:

Securities         Level 1       Level 2       Level 3       Total
Assets:
Agency, Asset- &
     Mortgage-Backed Securities $ $ 206,322 $ $ 206,322
Corporate Debt 116,575,291 116,575,291
Foreign Debt 8,129,301 8,129,301
Common Stock
Consumer Discretionary 8,994,279 14,926,118 23,920,397
Consumer Staples 5,090,453 8,146,164 13,236,617
Diversified REITs 108,780 49,767 158,547
Energy 7,385,173 2,356,146 9,741,319
Financials 6,159,991 18,720,035 24,880,026
Healthcare 8,639,254 7,558,477 16,197,731
Healthcare REITs 114,106 114,106
Hotel REITs 928,254 928,254
Industrial REIT 220,766 220,766
Industrials 2,753,596 22,376,992 25,130,588
Information Technology 5,133,301 4,233,584 9,366,885
Mall REITs 369,407 369,407
Materials 1,131,830 1,930,361 3,062,191
Multifamily REITs 1,135,931 1,135,931
Office REITs 401,997 903,730 1,305,727
Self-Storage REIT 215,864 215,864
Shopping Center REITs 49,239 485,796 535,035
Single Tenant REIT 117,054 117,054
Specialty REIT 105,118 105,118
Telecommunication Services 4,147,860 3,621,401 7,769,261
Utilities 1,098,910 415,221 1,514,131
Convertible Preferred Stock1 3,930,751 1,876,564 5,807,315
Exchange-Traded Fund 17,297 17,297
Limited Partnerships1 157,326 1,856,500 2,013,826
Preferred Stock1 299,288 761,845 1,061,133
Rights 30,759 30,759
US Treasury Obligations 1,647,727 1,647,727
Warrant 261 261
Short-Term Investments 6,501,722 6,501,722
Total Value of Securities $ 58,706,086 $ 221,422,564 $ 1,887,259 $ 282,015,909

16 NQ-DEX [2/18] 4/18 (462679)


(Unaudited)

Securities   Level 1       Level 2       Level 3       Total
Derivatives:*
Assets:
Foreign Currency Exchange
     Contracts $— $ 1,164 $— $ 1,164

*Foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument at the period end.

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 67.69 % 32.31 % 100.00 %
Limited Partnerships 7.81 % 92.19 % 100.00 %
Preferred Stock 28.20 % 71.80 % 100.00 %

As a result of utilizing international fair value pricing at Feb. 28, 2018, the majority of the Fund’s common stock was categorized as Level 2.

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

During the period ended Feb. 28, 2018, 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 (NAV) is determined) are 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 NAV 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 based on fair value at the beginning of the reporting period on Dec. 1, 2017.

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 the Fund’s net assets. Management has determined not to provide a reconciliation of Level 3 investments as they are not considered significant to the Fund’s net assets at the beginning, interim, or end of the period. Management has determined not to provide additional disclosure on Level 3 investments since the Level 3 investments are not considered significant to the Fund’s net assets at the end of the period.

3. Subsequent Events
Management has determined that no material events or transactions occurred subsequent to Feb. 28, 2018 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

(continues)     NQ-DEX [2/18] 4/18 (462679) 17


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: