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:	August 31, 2015

Item 1. Schedule of Investments.

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund
August 31, 2015 (Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock – 69.29%❖
Consumer Discretionary – 7.84%
	Ford Motor	67,100	$	930,677
	Kering	6,467		1,106,577
	Mattel	31,800		745,074
	Nitori Holdings	29,208		2,318,178
	Publicis Groupe	10,955		779,554
	Sumitomo Rubber Industries	96,400		1,362,024
	Target	11,800		916,978
	Techtronic Industries	378,500		1,368,807
	Toyota Motor	46,605		2,754,533
	Yue Yuen Industrial Holdings	677,000		2,422,485
				14,704,887
Consumer Staples – 7.10%
	Archer-Daniels-Midland	12,500		562,375
	Aryzta †	48,276		2,474,354
	Carlsberg Class B	19,373		1,463,624
	Coca-Cola Amatil	153,105		914,846
	ConAgra Foods	13,300		554,344
	Japan Tobacco	56,200		1,997,232
	Kimberly-Clark	10,100		1,075,953
	Kraft Heinz	14,500		1,053,570
	Procter & Gamble	15,100		1,067,117
	Reynolds American	8,532		714,555
	Tesco	493,093		1,431,307
				13,309,277
Diversified REITs – 0.48%
	Intervest Offices &
	Warehouses	2,500		62,764
	Investors Real Estate Trust	10,260		68,639
	Lexington Realty Trust	29,584		238,743
	Mapletree Logistics Trust	70,996		49,278
	Orix JREIT	40		50,392
	Stockland	70,059		194,669
	Vornado Realty Trust	2,641		230,269
				894,754
Energy – 5.86%
	Chevron	9,800		793,702
	CNOOC	1,022,000		1,281,050
	ConocoPhillips	16,400		806,060
	Marathon Oil	36,500		631,085
	Occidental Petroleum	8,200		598,682
	Royal Dutch Shell ADR	21,300		1,127,409
	Saipem †	70,685		679,497
	Spectra Energy	25,500		741,285
	Subsea 7 †	15,845		136,314
	Suncor Energy	44,300		1,254,603
	TOTAL	25,785		1,188,641
	TOTAL ADR	25,400		1,178,560
	Williams	11,700		563,940
				10,980,828
Financials – 9.70%
	Ashford †	632		46,294
	AXA	126,262		3,179,846
	Bank Rakyat Indonesia
	Persero	1,529,200		1,157,723
	BB&T	29,800		1,100,216
	Gallagher (Arthur J.)	25,300		1,106,116
	ING Groep CVA	133,934		2,051,829
	Mitsubishi UFJ Financial
	Group	503,128		3,318,586
	Nordea Bank	189,897		2,242,795
	Nordea Bank FDR	44,954		530,171
	Solar Capital	8,309		147,152
	Standard Chartered	157,136		1,830,888
	UniCredit	226,766		1,478,810
				18,190,426
Healthcare – 9.44%
	AbbVie	17,500		1,092,175
	AstraZeneca ADR	28,600		894,608
	Baxter International	13,800		530,610
	Bristol-Myers Squibb	8,800		523,336
	Johnson & Johnson	9,400		883,412
	Merck	22,900		1,233,165
	Novartis	32,103		3,132,635
	Pfizer	38,460		1,239,181
	Sanofi	29,902		2,940,687
	STADA Arzneimittel	45,831		1,572,507
	Teva Pharmaceutical
	Industries ADR	56,800		3,658,488
				17,700,804
Healthcare REITs – 0.41%
	Care Capital Properties †	864		27,451
	Health Care REIT	4,426		280,387
	Healthcare Trust of America
	Class A	7,610		182,716
	Omega Healthcare Investors	2,612		88,233
	Ventas	3,454		190,039
				768,826
Hotel REITs – 0.65%
	Ashford Hospitality Prime	14,889		205,915
	Ashford Hospitality Trust	61,800		478,332
	Host Hotels & Resorts	5,587		99,058

(continues) NQ-DEX [8/15] 10/15 (15216) 1

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock❖ (continued)
Hotel REITs (continued)
	Pebblebrook Hotel Trust	3,985	$	151,669
	Strategic Hotels & Resorts †	12,516		168,841
	Summit Hotel Properties	9,300		112,809
				1,216,624
Industrial REITs – 0.46%
	Goodman Group	49,447		213,721
	Prologis Property Mexico	294,100		462,051
	Terreno Realty	9,357		190,321
				866,093
Industrials – 8.05%
	Deutsche Post	64,906		1,782,810
	East Japan Railway	25,361		2,342,979
	ITOCHU	193,502		2,320,623
	Koninklijke Philips	66,528		1,709,365
	Meggitt	164,861		1,199,155
	Raytheon	10,300		1,056,368
	Rexel	49,624		760,061
	Vinci	33,573		2,159,148
	Waste Management	21,600		1,081,296
	WestJet Airlines @	37,443		683,033
				15,094,838
Information Technology – 6.48%
	CA	53,000		1,446,370
	Canon ADR	25,100		765,048
	CGI Group Class A †	65,740		2,428,430
	Cisco Systems	48,600		1,257,768
	Intel	46,900		1,338,526
	Playtech	114,987		1,503,485
	Samsung Electronics	868		798,777
	Teleperformance	28,797		2,024,140
	Xerox	57,700		586,809
				12,149,353
Mall REITs – 0.80%
	General Growth Properties	13,029		330,676
	Pennsylvania Real Estate
	Investment Trust	8,500		168,640
	Simon Property Group	5,605		1,005,089
				1,504,405
Manufactured Housing REIT – 0.09%
	Equity LifeStyle Properties	3,156		175,979
				175,979
Materials – 2.49%
	Alamos Gold	74,588		307,275
	Dow Chemical	15,200		665,152
	duPont (E.I.) deNemours	11,900		612,850
	Rexam	200,319		1,643,514
	Rio Tinto	30,321		1,107,147
	Tarkett	6,400		149,067
	Yamana Gold	99,266		186,362
				4,671,367
Mixed REITs – 0.12%
	Duke Realty	11,447		206,733
	PS Business Parks	400		29,184
				235,917
Mortgage REITs – 0.49%
	Colony Capital	7,380		160,220
	Gramercy Property Trust	14,134		312,503
	Starwood Property Trust	20,900		444,752
				917,475
Multifamily REITs – 0.45%
	ADO Properties 144A #†	14,847		323,990
	Equity Residential	2,480		176,700
	Essex Property Trust	617		132,421
	Post Properties	3,769		208,652
				841,763
Office REITs – 1.34%
	alstria office REIT	33,657		450,365
	Brandywine Realty Trust	21,686		262,834
	Champion REIT	125,000		62,621
	Easterly Government
	Properties	38,559		604,605
	Equity Commonwealth †	13,433		345,094
	Hudson Pacific Properties	3,742		106,235
	Kenedix Office Investment	50		222,340
	Paramount Group	8,608		141,516
	Parkway Properties	10,442		165,401
	SL Green Realty	1,499		155,161
				2,516,172
Self-Storage REITs – 0.14%
	Extra Space Storage	2,646		194,428
	Jernigan Capital	4,000		75,280
				269,708
Shopping Center REITs – 1.05%
	Charter Hall Retail REIT	71,117		202,926
	DDR	9,513		145,454
	First Capital Realty	2,922		38,622
	Kimco Realty	12,857		296,354
	Kite Realty Group Trust	12,316		289,549
	Klepierre	2,006		88,266
	Link REIT	33,000		174,988

2 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

		Number of	Value
		shares	(U.S. $)
Common Stock❖ (continued)
Shopping Center REITs (continued)
	Ramco-Gershenson Properties
	Trust	19,634	$	304,327
	Scentre Group	40,548		109,841
	Urban Edge Properties	1,320		27,601
	Westfield	16,989		117,653
	Wheeler Real Estate
	Investment Trust	88,713		171,216
				1,966,797
Single Tenant REIT – 0.07%
	Spirit Realty Capital	13,069		125,462
				125,462
Specialty REITs – 0.16%
	American Residential
	Properties	9,627		163,178
	EPR Properties	2,626		133,637
				296,815
Telecommunications – 4.37%
	AT&T	38,200		1,268,240
	Century Communications =†	125,000		0
	Mobile TeleSystems ADR	98,400		750,792
	Nippon Telegraph &
	Telephone	83,202		3,173,373
	NTT DOCOMO ADR	26,000		546,260
	Tele2 Class B	170,047		1,676,441
	Verizon Communications	16,800		772,968
				8,188,074
Utilities – 1.25%
	Abengoa Yield	2,010		45,748
	American Water Works	800		41,552
	Edison International	9,100		532,168
	National Grid	75,866		999,681
	National Grid ADR	10,900		721,362
				2,340,511

Total Common Stock
	(cost $125,458,968)			129,927,155

Convertible Preferred Stock – 3.36%
	Chesapeake Energy 5.75%
	exercise price $26.10,
	expiration date 12/31/49	240		112,800
	Crown Castle International
	4.50% exercise price
	$88.50, expiration date
	11/1/16	8,000		835,120
	Dynegy 5.375% exercise price
	$38.75, expiration date
	11/1/17 @	4,840		452,782
	El Paso Energy Capital Trust I
	4.75% exercise price
	$34.49, expiration date
	3/31/28	1,950		100,835
	Exelon 6.50% exercise price
	$43.75, expiration date
	6/1/17	12,500		566,125
	Halcon Resources 5.75%
	exercise price $6.16,
	expiration date 12/31/49	397		71,816
	Huntington Bancshares
	8.50% exercise price
	$11.95, expiration date
	12/31/49	510		683,400
	Intelsat 5.75% exercise price
	$22.05, expiration date
	5/1/16	17,989		508,189
	Laclede Group 6.75%
	exercise price $57.81,
	expiration date 4/1/17	4,379		232,963
	Maiden Holdings 7.25%
	exercise price $15.26,
	expiration date 9/15/16	16,736		856,716
	T-Mobile US 5.50% exercise
	price $31.02, expiration
	date 12/15/17	6,674		460,573
	Wells Fargo 7.50% exercise
	price $156.71, expiration
	date 12/31/49	695		819,405
	Weyerhaeuser 6.375%
	exercise price $33.13,
	expiration date 7/1/16	11,489		563,535
	Wheeler Real Estate
	Investment Trust 9.00%
	exercise price $5.00,
	expiration date
	12/31/49 @=†	34		35,226
Total Convertible Preferred
	Stock (cost $6,984,586)			6,299,485

Exchange-Traded Note – 0.09%
	iPATH S&P 500 VIX
	Short-Term Futures ETN †	6,250		167,813
Total Exchange-Traded Note
	(cost $1,178,000)			167,813

(continues) NQ-DEX [8/15] 10/15 (15216) 3

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Agency Collateralized Mortgage Obligations – 0.04%
	Fannie Mae REMICs
	Series 2001-50 BA
	7.00% 10/25/41	61,937	$	71,616
	Freddie Mac REMICs
	Series 2557 WE
	5.00% 1/15/18	12,952		13,406
Total Agency Collateralized
	Mortgage Obligations
	(cost $76,149)			85,022

Agency Mortgage-Backed Securities – 0.35%
	Fannie Mae ARM
	2.088% 3/1/38 ●	8,047		8,509
	2.137% 10/1/36 ●	5,681		6,046
	2.27% 4/1/36 ●	20,015		21,302
	2.295% 10/1/36 ●	8,466		9,004
	2.357% 4/1/36 ●	6,037		6,452
	2.384% 11/1/35 ●	4,120		4,378
	2.417% 5/1/43 ●	4,263		4,332
	2.553% 6/1/43 ●	1,748		1,786
	3.288% 9/1/43 ●	4,313		4,486
	Fannie Mae S.F. 15 yr
	4.00% 11/1/25	69,624		74,176
	5.50% 1/1/23	10,176		11,200
	Fannie Mae S.F. 20 yr
	4.00% 2/1/31	2,825		3,027
	5.50% 12/1/29	646		722
	Fannie Mae S.F. 30 yr
	4.00% 11/1/40	1,510		1,613
	4.50% 7/1/36	1,470		1,599
	5.50% 7/1/40	4,004		4,537
	6.50% 6/1/36	8,616		9,892
	6.50% 10/1/36	7,979		9,611
	Freddie Mac ARM
	2.308% 10/1/36 ●	8,931		9,528
	2.478% 7/1/36 ●	4,497		4,793
	Freddie Mac S.F. 15 yr
	4.00% 5/1/25	568		600
	5.00% 6/1/18	2,598		2,706
	5.00% 12/1/22	15,466		16,629
	Freddie Mac S.F. 30 yr
	5.00% 1/1/34	181,783		202,987
	6.00% 2/1/36	851		967
	7.00% 11/1/33	18,088		21,750
	9.00% 9/1/30	32,509		34,952
	FREMF Mortgage Trust
	Series 2011-K10 B 144A
	4.781% 11/25/49 #●	10,000		10,719
	Series 2011-K15 B 144A
	5.116% 8/25/44 #●	10,000		10,936
	Series 2012-K22 B 144A
	3.812% 8/25/45 #●	10,000		10,202
	GNMA I S.F. 30 yr
	7.50% 12/15/23	37,658		43,383
	7.50% 1/15/32	34,281		42,505
	9.50% 9/15/17	18,237		18,514
	GNMA II S.F. 30 yr
	6.00% 11/20/28	34,828		39,129
Total Agency
	Mortgage-Backed
	Securities (cost $595,532)			652,972

Commercial Mortgage-Backed Securities – 0.07%
	Banc of America Commercial
	Mortgage Trust
	Series 2006-1 AM
	5.421% 9/10/45 ●	10,000		10,069
	Series 2007-4 AM
	6.002% 2/10/51 ●	35,000		37,311
	CD Commercial Mortgage
	Trust
	Series 2005-CD1 AJ
	5.337% 7/15/44 ●	20,000		19,978
	GS Mortgage Securities Trust
	Series 2006-GG6 A4
	5.553% 4/10/38 ●	6,981		6,989
	JPMorgan Chase Commercial
	Mortgage Securities Trust
	Series 2006-LDP8 AM
	5.44% 5/15/45	35,000		36,037
	LB-UBS Commercial
	Mortgage Trust
	Series 2006-C6 AJ
	5.452% 9/15/39 ●	10,000		10,371
	Series 2006-C6 AM
	5.413% 9/15/39	20,000		20,726
Total Commercial
	Mortgage-Backed
	Securities (cost $145,798)			141,481

Convertible Bonds – 14.04%
Capital Goods – 0.61%
	Abengoa 144A 5.125%
	exercise price $38.08,
	expiration date 2/23/17 #	1,000,000		691,250

4 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Convertible Bonds (continued)
Capital Goods (continued)
	Cemex 3.72% exercise price
	$11.90, expiration date
	3/15/20	342,000	$	339,007
	Titan Machinery 3.75%
	exercise price $43.17,
	expiration date 4/30/19	156,000		121,387
				1,151,644
Communications – 1.42%
	Alaska Communications
	Systems Group 6.25%
	exercise price $10.28,
	expiration date 4/27/18	1,164,000		1,177,095
	Clearwire Communications
	144A 8.25% exercise price
	$7.08, expiration date
	11/30/40 #	562,000		598,530
	Liberty Interactive 144A
	1.00% exercise price
	$64.28, expiration date
	9/28/43 #	975,000		892,125
				2,667,750
Consumer Cyclical – 0.96%
	Huron Consulting Group
	144A 1.25% exercise price
	$79.89, expiration date
	9/27/19 #	565,000		618,322
	Meritor 4.00% exercise price
	$26.73, expiration date
	2/12/27 ϕ	1,149,000		1,174,134
				1,792,456
Consumer Non-Cyclical – 3.11%
	BioMarin Pharmaceutical
	1.50% exercise price
	$94.15, expiration date
	10/13/20	343,000		529,292
	HealthSouth 2.00% exercise
	price $38.30, expiration
	date 11/30/43	497,000		607,893
	Hologic
	2.00% exercise price
	$31.17, expiration date
	2/27/42 ϕ	597,000		799,607
	2.00% exercise price
	$38.59, expiration date
	12/15/43 ϕ	607,000		765,958
	NuVasive 2.75% exercise
	price $42.13, expiration
	date 6/30/17	790,000		1,074,400
	Spectrum Pharmaceuticals
	2.75% exercise price
	$10.53, expiration date
	12/13/18	922,000		890,883
	Vector Group
	1.75% exercise price
	$25.87, expiration date
	4/15/20 ●	838,000		931,228
	2.50% exercise price
	$16.78, expiration date
	1/14/19 ●	157,000		232,986
				5,832,247
Energy – 0.38%
	Chesapeake Energy 2.50%
	exercise price $47.55,
	expiration date 5/15/37	349,000		305,811
	Helix Energy Solutions Group
	3.25% exercise price
	$25.02, expiration date
	3/12/32	501,000		415,517
				721,328
Financials – 1.44%
	Ares Capital 5.75% exercise
	price $19.13, expiration
	date 2/1/16	718,000		726,975
	BGC Partners 4.50% exercise
	price $9.84, expiration
	date 7/13/16	791,000		844,887
	GAIN Capital Holdings
	4.125% exercise price
	$12.00, expiration date
	11/30/18	446,000		449,345
	New Mountain Finance
	5.00% exercise price
	$15.93, expiration date
	6/14/19	666,000		678,487
				2,699,694
Industrials – 0.81%
	Chart Industries 2.00%
	exercise price $69.03,
	expiration date 7/30/18	844,000		755,907
	General Cable 4.50% exercise
	price $33.77, expiration
	date 11/15/29 ϕ	1,058,000		753,825
				1,509,732

(continues) NQ-DEX [8/15] 10/15 (15216) 5

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

			Principal		Value
			amount°		(U.S. $)
Convertible Bonds (continued)
Real Estate Investment Trusts – 1.53%
	Blackstone Mortgage Trust
	5.25% exercise price
	$28.66, expiration date
	12/1/18			1,069,000	$	1,131,136
	Campus Crest Communities
	Operating Partnership
	144A 4.75% exercise price
	$12.56, expiration date
	10/11/18 #			877,000		838,631
	VEREIT 3.75% exercise price
	$15.15, expiration date
	12/14/20			980,000		905,280
						2,875,047
Technology – 3.78%
	Blucora 4.25% exercise price
	$21.66, expiration date
	3/29/19			416,000		398,060
	Cardtronics 1.00% exercise
	price $52.35, expiration
	date 11/27/20			1,096,000		1,065,860
	Ciena 144A 3.75% exercise
	price $20.17, expiration
	date 10/15/18 #			683,000		898,145
	Electronics For Imaging 144A
	0.75% exercise price
	$52.72, expiration date
	8/29/19 #			631,000		656,240
	Intel 3.25% exercise price
	$21.47, expiration date
	8/1/39			401,000		581,452
	j2 Global 3.25% exercise
	price $69.37, expiration
	date 6/14/29			789,000		932,006
	Nuance Communications
	2.75% exercise price
	$32.30, expiration date
	11/1/31			712,000		719,120
	PROS Holdings 144A 2.00%
	exercise price $33.79,
	expiration date 11/27/19 #			852,000		832,830
	SanDisk 1.50% exercise price
	$50.68, expiration date
	8/11/17			181,000		226,363
	SunEdison 144A 3.375%
	exercise price $38.65,
	expiration date 5/30/25 #			533,000		320,466
	VeriSign 4.297% exercise
	price $34.37, expiration
	date 8/15/37			220,000		451,000
						7,081,542
Total Convertible Bonds
	(cost $25,429,677)					26,331,440

Corporate Bonds – 43.42%
Automotive – 0.58%
	Gates Global 144A
	6.00% 7/15/22 #			480,000		393,648
	International Automotive
	Components Group 144A
	9.125% 6/1/18 #			450,000		461,250
	Meritor 6.75% 6/15/21			225,000		229,500
						1,084,398
Banking – 2.15%
	Australia & New Zealand
	Banking Group
	4.903% 6/20/22 ●	AUD		1,799,000		1,312,229
	Bank of America
	3.875% 8/1/25			5,000		5,060
	3.95% 4/21/25			10,000		9,699
	BB&T 2.45% 1/15/20			35,000		35,055
	City National 5.25% 9/15/20			5,000		5,664
	Credit Suisse Group 144A
	7.50% 12/29/49 #●			400,000		423,875
	Goldman Sachs Group
	5.375% 12/29/49 ●			170,000		166,706
	HSBC Holdings
	6.375% 12/29/49 ●			200,000		198,000
	ING Groep
	6.50% 12/29/49 ●			285,000		274,847
	JPMorgan Chase
	3.90% 7/15/25			10,000		10,167
	4.125% 12/15/26			5,000		4,979
	6.75% 1/29/49 ●			410,000		433,063
	Lloyds Banking Group
	7.50% 4/30/49 ●			445,000		465,581
	Morgan Stanley
	2.80% 6/16/20			5,000		5,021
	4.00% 7/23/25			20,000		20,437
	4.35% 9/8/26			5,000		5,005
	MUFG Americas Holdings
	2.25% 2/10/20			5,000		4,965
	3.00% 2/10/25			15,000		14,308
	PNC Funding 5.625% 2/1/17			35,000		36,924
	Popular 7.00% 7/1/19			485,000		471,056

6 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Banking (continued)
	Santander Holdings USA
	4.625% 4/19/16	10,000	$	10,220
	State Street
	2.55% 8/18/20	5,000		5,037
	3.10% 5/15/23	5,000		4,887
	3.55% 8/18/25	5,000		5,033
	SunTrust Banks
	2.35% 11/1/18	10,000		10,056
	USB Capital IX
	3.50% 10/29/49 ●	80,000		65,200
	Wells Fargo
	4.30% 7/22/27	15,000		15,271
	5.875% 6/15/50 ●	5,000		5,125
	Zions Bancorporation
	4.50% 6/13/23	5,000		5,155
				4,028,625
Basic Industry – 3.84%
	AK Steel
	7.625% 5/15/20	296,000		195,360
	7.625% 10/1/21	205,000		129,150
	ArcelorMittal
	5.125% 6/1/20	105,000		103,950
	6.125% 6/1/25	110,000		101,750
	6.25% 3/1/21	120,000		118,800
	10.60% 6/1/19	15,000		17,531
	AVINTIV Specialty Materials
	144A 6.875% 6/1/19 #	500,000		509,375
	Builders FirstSource
	144A 7.625% 6/1/21 #	430,000		453,650
	144A 10.75% 8/15/23 #	480,000		489,600
	CF Industries 6.875% 5/1/18	25,000		27,853
	Chemours
	144A 6.625% 5/15/23 #	170,000		148,325
	144A 7.00% 5/15/25 #	373,000		319,847
	CPG Merger Sub 144A
	8.00% 10/1/21 #	325,000		332,313
	Dow Chemical
	8.55% 5/15/19	34,000		41,102
	FMG Resources August 2006
	Pty 144A 9.75% 3/1/22 #	245,000		224,481
	Georgia-Pacific
	8.00% 1/15/24	20,000		25,815
	Hexion 10.00% 4/15/20	205,000		209,869
	International Paper
	3.80% 1/15/26	5,000		4,871
	5.00% 9/15/35	5,000		4,842
	INVISTA Finance 144A
	4.25% 10/15/19 #	10,000		9,950
	Kissner Milling 144A
	7.25% 6/1/19 #	200,000		211,000
	LSB Industries 7.75% 8/1/19	115,000		116,437
	Lundin Mining 144A
	7.875% 11/1/22 #	430,000		424,625
	LyondellBasell Industries
	4.625% 2/26/55	10,000		8,644
	Methanex 4.25% 12/1/24	10,000		9,808
	NCI Building Systems 144A
	8.25% 1/15/23 #	220,000		229,350
	New Gold 144A
	6.25% 11/15/22 #	326,000		277,100
	Norbord 144A
	6.25% 4/15/23 #	165,000		166,650
	NOVA Chemicals 144A
	5.00% 5/1/25 #	45,000		45,113
	Potash of Saskatchewan
	3.00% 4/1/25	10,000		9,356
	PPG Industries
	2.30% 11/15/19	5,000		4,986
	Rayonier AM Products 144A
	5.50% 6/1/24 #	550,000		378,125
	Rockwood Specialties Group
	4.625% 10/15/20	5,000		5,191
	Ryerson
	9.00% 10/15/17	315,000		288,225
	11.25% 10/15/18	109,000		101,915
	Steel Dynamics
	5.50% 10/1/24	260,000		253,175
	Summit Materials 144A
	6.125% 7/15/23 #	195,000		195,000
	TPC Group 144A
	8.75% 12/15/20 #	730,000		657,000
	Tronox Finance 144A
	7.50% 3/15/22 #	290,000		234,175
	Weyerhaeuser
	4.625% 9/15/23	10,000		10,626
	Wise Metals Intermediate
	Holdings 144A
	9.75% 6/15/19 #	115,000		106,231
				7,201,166
Brokerage – 0.01%
	Jefferies Group
	5.125% 1/20/23	10,000		10,340
	6.45% 6/8/27	5,000		5,166
	6.50% 1/20/43	5,000		4,716
	Lazard Group
	6.85% 6/15/17	6,000		6,497
				26,719

(continues) NQ-DEX [8/15] 10/15 (15216) 7

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Capital Goods – 3.12%
	Accudyne Industries Borrower
	144A 7.75% 12/15/20 #	270,000	$	236,250
	Ardagh Packaging Finance
	144A 6.00% 6/30/21 #	400,000		398,920
	BWAY Holding 144A
	9.125% 8/15/21 #	640,000		652,800
	Cemex
	144A 5.70% 1/11/25 #	1,000,000		940,000
	144A 7.25% 1/15/21 #	480,000		503,856
	Crane 4.45% 12/15/23	10,000		10,512
	Fortune Brands Home &
	Security 3.00% 6/15/20	5,000		4,997
	Gardner Denver 144A
	6.875% 8/15/21 #	694,000		621,130
	Ingersoll-Rand Global Holding
	4.25% 6/15/23	10,000		10,282
	KLX 144A 5.875% 12/1/22 #	380,000		374,300
	Masco 4.45% 4/1/25	5,000		5,012
	Milacron 144A
	7.75% 2/15/21 #	220,000		226,600
	Owens-Brockway Glass
	Container 144A
	5.875% 8/15/23 #	95,000		96,841
	Plastipak Holdings 144A
	6.50% 10/1/21 #	470,000		462,950
	Reynolds Group Issuer
	8.25% 2/15/21	310,000		320,463
	Signode Industrial Group
	144A 6.375% 5/1/22 #	360,000		349,200
	StandardAero Aviation
	Holdings 144A
	10.00% 7/15/23 #	155,000		153,256
	TransDigm
	6.00% 7/15/22	210,000		207,931
	6.50% 7/15/24	275,000		270,187
				5,845,487
Communications – 6.39%
	Altice
	144A 7.625% 2/15/25 #	200,000		190,500
	144A 7.75% 5/15/22 #	630,000		615,825
	Altice Financing 144A
	6.625% 2/15/23 #	470,000		468,825
	Altice US Finance 144A
	7.75% 7/15/25 #	325,000		312,000
	American Tower Trust I 144A
	3.07% 3/15/23 #	20,000		19,567
	AT&T
	3.40% 5/15/25	20,000		19,099
	4.50% 5/15/35	5,000		4,608
	4.75% 5/15/46	10,000		9,150
	Blue Coat Holdings 144A
	8.375% 6/1/23 #	410,000		412,870
	CBS 4.00% 1/15/26	10,000		9,832
	CC Holdings GS V
	3.849% 4/15/23	5,000		4,931
	CCO Safari II
	144A 3.579% 7/23/20 #	5,000		4,999
	144A 4.908% 7/23/25 #	210,000		208,326
	CenturyLink
	5.80% 3/15/22	210,000		200,025
	6.75% 12/1/23	240,000		234,300
	Cogent Communications
	Finance 144A
	5.625% 4/15/21 #	375,000		352,500
	Cogent Communications
	Group 144A
	5.375% 3/1/22 #	125,000		121,563
	Comcast 3.375% 8/15/25	15,000		14,972
	Crown Castle Towers 144A
	4.883% 8/15/20 #	30,000		32,299
	Digicel 144A 6.75% 3/1/23 #	355,000		326,600
	Digicel Group
	144A 7.125% 4/1/22 #	1,250,000		1,095,313
	144A 8.25% 9/30/20 #	875,000		813,750
	Equinix 5.75% 1/1/25	270,000		271,350
	Historic TW 6.875% 6/15/18	25,000		28,295
	Hughes Satellite Systems
	7.625% 6/15/21	280,000		307,300
	Intelsat Jackson Holdings
	7.25% 4/1/19	40,000		39,250
	Intelsat Luxembourg
	7.75% 6/1/21	110,000		82,830
	8.125% 6/1/23	1,395,000		1,032,300
	Level 3 Communications
	5.75% 12/1/22	370,000		370,000
	Level 3 Financing 144A
	5.375% 5/1/25 #	460,000		445,050
	Millicom International Cellular
	144A 6.625% 10/15/21 #	200,000		200,100
	Sable International Finance
	144A 6.875% 8/1/22 #	290,000		294,350
	Scripps Networks Interactive
	3.95% 6/15/25	5,000		4,884
	SES 144A 3.60% 4/4/23 #	10,000		10,052

8 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Communications (continued)
	SES GLOBAL Americas
	Holdings 144A
	5.30% 3/25/44 #	15,000	$	14,748
	Sprint
	7.125% 6/15/24	1,015,000		941,098
	7.25% 9/15/21	220,000		214,500
	7.875% 9/15/23	140,000		134,925
	T-Mobile USA
	6.00% 3/1/23	195,000		199,288
	6.25% 4/1/21	180,000		186,354
	6.375% 3/1/25	275,000		281,737
	Verizon Communications
	4.40% 11/1/34	5,000		4,625
	4.862% 8/21/46	30,000		28,381
	Viacom 4.85% 12/15/34	15,000		12,654
	Wind Acquisition Finance
	144A 7.375% 4/23/21 #	365,000		374,125
	Windstream Services
	7.50% 4/1/23	225,000		177,190
	7.75% 10/1/21	165,000		135,302
	WPP Finance 2010
	5.625% 11/15/43	10,000		10,420
	Zayo Group 144A
	6.00% 4/1/23 #	700,000		700,840
				11,973,802
Consumer Cyclical – 3.18%
	American Tire Distributors
	144A 10.25% 3/1/22 #	200,000		206,000
	Bed Bath & Beyond
	4.915% 8/1/34	5,000		4,760
	Boyd Gaming
	6.875% 5/15/23	325,000		335,563
	Caesars Growth Properties
	Holdings 9.375% 5/1/22	280,000		235,900
	Caleres 144A
	6.25% 8/15/23 #	285,000		289,275
	CDK Global 4.50% 10/15/24	10,000		9,986
	CVS Health 3.875% 7/20/25	20,000		20,515
	DBP Holding 144A
	7.75% 10/15/20 #	216,000		144,180
	Delphi 4.15% 3/15/24	10,000		10,203
	Eldorado Resorts 144A
	7.00% 8/1/23 #	240,000		239,400
	General Motors Financial
	3.45% 4/10/22	10,000		9,524
	4.00% 1/15/25	5,000		4,751
	4.375% 9/25/21	5,000		5,055
	Harman International
	Industries 4.15% 5/15/25	10,000		9,853
	Hyundai Capital America
	144A 2.55% 2/6/19 #	10,000		9,975
	Kohl’s 4.25% 7/17/25	5,000		4,877
	Landry’s 144A
	9.375% 5/1/20 #	785,000		842,894
	Magna International
	3.625% 6/15/24	30,000		29,326
	Marriott International
	3.375% 10/15/20	5,000		5,148
	MGM Resorts International
	6.00% 3/15/23	595,000		605,413
	Midas Intermediate Holdco II
	144A 7.875% 10/1/22 #	285,000		282,863
	Mohegan Tribal Gaming
	Authority 144A
	9.75% 9/1/21 #	215,000		224,675
	Neiman Marcus Group 144A
	PIK 8.75% 10/15/21 #❆	400,000		430,000
	Party City Holdings 144A
	6.125% 8/15/23 #	130,000		131,544
	PF Chang’s China Bistro 144A
	10.25% 6/30/20 #	205,000		206,025
	QVC
	4.375% 3/15/23	15,000		14,374
	5.45% 8/15/34	10,000		8,899
	Rite Aid 144A
	6.125% 4/1/23 #	450,000		463,500
	RSI Home Products 144A
	6.50% 3/15/23 #	310,000		317,750
	Sabre GLBL 144A
	5.375% 4/15/23 #	185,000		182,225
	Signet UK Finance
	4.70% 6/15/24	10,000		10,101
	Starbucks 2.70% 6/15/22	5,000		5,001
	Starwood Hotels & Resorts
	Worldwide
	3.75% 3/15/25	5,000		4,875
	Target 2.30% 6/26/19	5,000		5,076
	Toyota Motor Credit
	2.80% 7/13/22	5,000		4,978
	Univar USA 144A
	6.75% 7/15/23 #	165,000		164,587
	Wynn Las Vegas 144A
	5.50% 3/1/25 #	525,000		487,594
				5,966,665
Consumer Non-Cyclical – 2.89%
	AbbVie 3.60% 5/14/25	10,000		9,865

(continues) NQ-DEX [8/15] 10/15 (15216) 9

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Consumer Non-Cyclical (continued)
	Actavis Funding
	3.45% 3/15/22	5,000	$	4,892
	3.80% 3/15/25	5,000		4,848
	Baxalta 144A
	4.00% 6/23/25 #	5,000		4,981
	Becton Dickinson
	3.734% 12/15/24	5,000		4,995
	6.375% 8/1/19	10,000		11,463
	Boston Scientific
	6.00% 1/15/20	15,000		16,823
	Campbell Soup
	3.30% 3/19/25	10,000		9,856
	Celgene
	3.875% 8/15/25	10,000		9,959
	5.00% 8/15/45	5,000		5,065
	Cott Beverages
	5.375% 7/1/22	125,000		123,125
	6.75% 1/1/20	395,000		410,800
	Covidien International
	Finance 4.20% 6/15/20	20,000		21,566
	EMD Finance 144A
	2.95% 3/19/22 #	5,000		4,908
	ExamWorks Group
	5.625% 4/15/23	405,000		416,137
	Express Scripts Holding
	2.25% 6/15/19	5,000		4,949
	3.50% 6/15/24	5,000		4,833
	JBS Investments
	144A 7.25% 4/3/24 #	200,000		202,000
	144A 7.75% 10/28/20 #	315,000		337,523
	JBS USA 144A
	5.75% 6/15/25 #	635,000		617,537
	Kronos Acquisition Holdings
	144A 9.00% 8/15/23 #	450,000		409,500
	Merck 2.75% 2/10/25	15,000		14,420
	Post Holdings
	7.375% 2/15/22	200,000		205,750
	144A 7.75% 3/15/24 #	110,000		113,850
	Prestige Brands 144A
	5.375% 12/15/21 #	290,000		289,275
	Reynolds American
	3.25% 6/12/20	5,000		5,071
	4.00% 6/12/22	5,000		5,145
	Spectrum Brands
	144A 6.125% 12/15/24 #	500,000		522,500
	6.625% 11/15/22	265,000		285,863
	Sterigenics-Nordion Holdings
	144A 6.50% 5/15/23 #	430,000		439,666
	SUPERVALU 7.75% 11/15/22	470,000		488,800
	Valeant Pharmaceuticals
	International
	144A 5.875% 5/15/23 #	95,000		97,138
	144A 6.125% 4/15/25 #	260,000		268,450
	Zimmer Biomet Holdings
	4.625% 11/30/19	30,000		32,667
	Zoetis 3.25% 2/1/23	20,000		18,952
				5,423,172
Electric – 0.19%
	Ameren Illinois
	3.25% 3/1/25	5,000		5,035
	9.75% 11/15/18	45,000		55,670
	American Transmission
	Systems 144A
	5.25% 1/15/22 #	25,000		27,543
	Berkshire Hathaway Energy
	3.75% 11/15/23	10,000		10,233
	CMS Energy 6.25% 2/1/20	5,000		5,750
	Commonwealth Edison
	5.80% 3/15/18	5,000		5,511
	DTE Energy 144A
	3.30% 6/15/22 #	5,000		5,067
	Entergy Louisiana
	4.05% 9/1/23	15,000		15,882
	Exelon 3.95% 6/15/25	10,000		10,045
	Great Plains Energy
	4.85% 6/1/21	15,000		16,498
	Integrys Energy Group
	6.11% 12/1/66 ●	15,000		12,904
	Interstate Power & Light
	3.40% 8/15/25	5,000		4,998
	IPALCO Enterprises
	5.00% 5/1/18	10,000		10,650
	ITC Holdings 3.65% 6/15/24	5,000		4,963
	LG&E & KU Energy
	4.375% 10/1/21	20,000		21,660
	National Rural Utilities
	Cooperative Finance
	2.85% 1/27/25	5,000		4,831
	4.75% 4/30/43 ●	10,000		9,923
	NextEra Energy Capital
	Holdings
	2.40% 9/15/19	10,000		9,912
	3.625% 6/15/23	5,000		5,031
	NV Energy 6.25% 11/15/20	5,000		5,799
	Pennsylvania Electric
	5.20% 4/1/20	25,000		27,203
	PPL Electric Utilities
	3.00% 9/15/21	10,000		10,195

10 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Electric (continued)
	Public Service of New
	Hampshire
	3.50% 11/1/23	5,000	$	5,169
	Public Service of Oklahoma
	5.15% 12/1/19	30,000		33,323
	Puget Energy 6.00% 9/1/21	5,000		5,738
	SCANA 4.125% 2/1/22	10,000		10,075
	Xcel Energy 3.30% 6/1/25	10,000		9,812
				349,420
Energy – 5.31%
	Baytex Energy 144A
	5.625% 6/1/24 #	275,000		230,868
	California Resources
	5.50% 9/15/21	380,000		296,544
	6.00% 11/15/24	130,000		96,720
	Calumet Specialty Products
	Partners 7.625% 1/15/22	570,000		558,600
	Chaparral Energy
	7.625% 11/15/22	265,000		115,275
	8.25% 9/1/21	215,000		98,900
	Chesapeake Energy
	4.875% 4/15/22	435,000		317,550
	5.75% 3/15/23	205,000		153,855
	6.125% 2/15/21	110,000		85,732
	Columbia Pipeline Group
	144A 2.45% 6/1/18 #	5,000		5,004
	144A 4.50% 6/1/25 #	5,000		4,781
	Comstock Resources 144A
	10.00% 3/15/20 #	495,000		399,713
	Continental Resources
	4.50% 4/15/23	15,000		13,535
	CSI Compressco
	7.25% 8/15/22	300,000		247,500
	Dominion Gas Holdings
	3.60% 12/15/24	10,000		9,831
	Ecopetrol 5.875% 5/28/45	615,000		498,150
	Enbridge Energy Partners
	8.05% 10/1/37 ●	25,000		25,063
	Energy Transfer Equity
	5.875% 1/15/24	323,000		313,310
	Energy Transfer Partners
	9.70% 3/15/19	7,000		8,379
	EnLink Midstream Partners
	4.15% 6/1/25	5,000		4,621
	5.05% 4/1/45	5,000		4,197
	Ensco 4.70% 3/15/21	10,000		9,172
	Enterprise Products Operating
	7.034% 1/15/68 ●	25,000		26,750
	EP Energy 6.375% 6/15/23	205,000		175,275
	Exterran Partners
	6.00% 4/1/21	210,000		169,050
	Exxon Mobil 2.397% 3/6/22	5,000		4,877
	Genesis Energy
	5.75% 2/15/21	360,000		340,200
	6.00% 5/15/23	65,000		59,800
	6.75% 8/1/22	155,000		151,125
	Halcon Resources
	144A 8.625% 2/1/20 #	275,000		242,344
	9.75% 7/15/20	425,000		157,250
	Kinder Morgan 144A
	5.00% 2/15/21 #	5,000		5,166
	Kinder Morgan Energy
	Partners 9.00% 2/1/19	20,000		23,510
	Laredo Petroleum
	5.625% 1/15/22	330,000		298,650
	7.375% 5/1/22	120,000		117,600
	Linn Energy 6.25% 11/1/19	80,000		31,600
	Marathon Oil 3.85% 6/1/25	10,000		9,157
	MarkWest Energy Partners
	4.875% 12/1/24	210,000		195,825
	Murphy Oil USA
	6.00% 8/15/23	400,000		414,000
	Newfield Exploration
	5.625% 7/1/24	10,000		9,780
	NiSource Finance
	6.125% 3/1/22	5,000		5,788
	Noble Energy
	5.05% 11/15/44	5,000		4,471
	Northern Oil & Gas
	8.00% 6/1/20	355,000		271,575
	NuStar Logistics
	6.75% 2/1/21	240,000		246,554
	Oasis Petroleum
	6.875% 3/15/22	500,000		417,500
	Ocean Rig UDW 144A
	7.25% 4/1/19 #	202,000		107,060
	PDC Energy 7.75% 10/15/22	245,000		246,225
	Petrobras Global Finance
	3.00% 1/15/19	39,000		34,070
	Petroleos Mexicanos
	5.50% 6/27/44	512,000		445,568
	6.625% 6/15/35	1,000,000		1,024,500
	Pioneer Energy Services
	6.125% 3/15/22	440,000		253,000
	Plains All American Pipeline
	8.75% 5/1/19	10,000		11,689

(continues) NQ-DEX [8/15] 10/15 (15216) 11

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Energy (continued)
	Pride International
	6.875% 8/15/20	10,000	$	10,520
	Regency Energy Partners
	5.875% 3/1/22	10,000		10,304
	Rose Rock Midstream 144A
	5.625% 11/15/23 #	210,000		189,000
	Sabine Pass Liquefaction
	144A 5.625% 3/1/25 #	265,000		257,216
	Sunoco Logistics Partners
	Operations
	3.45% 1/15/23	10,000		9,040
	Talisman Energy
	5.50% 5/15/42	10,000		8,444
	Transocean
	4.30% 10/15/22	115,000		80,213
	6.875% 12/15/21	195,000		156,000
	Valero Energy
	4.90% 3/15/45	5,000		4,540
	Weatherford International
	4.50% 4/15/22	235,000		198,507
	Williams Partners
	7.25% 2/1/17	20,000		21,387
	Woodside Finance 144A
	8.75% 3/1/19 #	15,000		17,917
				9,960,347
Financials – 0.39%
	Affiliated Managers Group
	3.50% 8/1/25	5,000		4,789
	Aviation Capital Group 144A
	6.75% 4/6/21 #	5,000		5,669
	General Electric Capital
	2.10% 12/11/19	35,000		35,096
	5.55% 5/4/20	5,000		5,680
	6.00% 8/7/19	10,000		11,413
	Infinity Acquisition 144A
	7.25% 8/1/22 #	265,000		243,800
	James Hardie International
	Finance 144A
	5.875% 2/15/23 #	415,000		429,525
				735,972
Healthcare – 3.36%
	21st Century Oncology 144A
	11.00% 5/1/23 #	165,000		158,813
	Air Medical Merger Sub 144A
	6.375% 5/15/23 #	590,000		551,650
	Community Health Systems
	6.875% 2/1/22	670,000		713,758
	DaVita HealthCare Partners
	5.00% 5/1/25	505,000		496,163
	5.125% 7/15/24	145,000		144,637
	HCA 5.375% 2/1/25	340,000		345,950
	HealthSouth
	144A 5.75% 11/1/24 #	225,000		228,690
	5.75% 11/1/24	195,000		198,198
	Hill-Rom Holdings 144A
	5.75% 9/1/23 #	255,000		260,737
	IASIS Healthcare
	8.375% 5/15/19	720,000		748,001
	Immucor 11.125% 8/15/19	925,000		975,875
	Kinetic Concepts
	10.50% 11/1/18	155,000		163,913
	12.50% 11/1/19	180,000		193,950
	Mallinckrodt International
	Finance
	4.75% 4/15/23	40,000		38,100
	144A 5.50% 4/15/25 #	220,000		219,175
	Par Pharmaceutical
	7.375% 10/15/20	115,000		122,533
	Tenet Healthcare
	5.00% 3/1/19	170,000		170,338
	6.75% 6/15/23	75,000		77,625
	8.125% 4/1/22	450,000		499,500
				6,307,606
Insurance – 0.70%
	American International Group
	4.125% 2/15/24	5,000		5,184
	Berkshire Hathaway Finance
	2.90% 10/15/20	35,000		36,005
	Highmark
	144A 4.75% 5/15/21 #	5,000		5,154
	144A 6.125% 5/15/41 #	5,000		5,035
	HUB International 144A
	7.875% 10/1/21 #	435,000		435,000
	Liberty Mutual Group 144A
	4.95% 5/1/22 #	5,000		5,344
	MetLife 6.40% 12/15/36	100,000		110,125
	Prudential Financial
	5.375% 5/15/45 ●	5,000		4,952
	TIAA Asset Management
	Finance
	144A 2.95% 11/1/19 #	5,000		5,037
	144A 4.125% 11/1/24 #	10,000		10,127
	USI 144A 7.75% 1/15/21 #	395,000		384,631
	Voya Financial
	5.65% 5/15/53 ●	5,000		5,075

12 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Insurance (continued)
	XLIT
	4.45% 3/31/25	10,000	$	9,895
	5.50% 3/31/45	5,000		4,667
	6.50% 10/29/49 ●	365,000		288,350
				1,314,581
Media – 4.51%
	CCO Holdings
	144A 5.375% 5/1/25 #	155,000		150,931
	144A 5.875% 5/1/27 #	305,000		299,663
	Columbus International 144A
	7.375% 3/30/21 #	470,000		496,437
	CSC Holdings 5.25% 6/1/24	435,000		404,767
	DISH DBS 5.875% 11/15/24	240,000		219,300
	Gray Television
	7.50% 10/1/20	640,000		664,192
	iHeartCommunications
	9.00% 12/15/19	75,000		70,875
	9.00% 9/15/22	1,130,000		987,337
	LIN Television 144A
	5.875% 11/15/22 #	515,000		513,713
	Midcontinent Communi-
	cations & Midcontinent
	Finance 144A
	6.875% 8/15/23 #	135,000		136,350
	Nexstar Broadcasting 144A
	6.125% 2/15/22 #	55,000		55,550
	Numericable-SFR 144A
	6.00% 5/15/22 #	660,000		661,650
	RCN Telecom Services 144A
	8.50% 8/15/20 #	315,000		334,294
	Sinclair Television Group
	144A 5.625% 8/1/24 #	720,000		687,600
	Sirius XM Radio 144A
	5.375% 4/15/25 #	470,000		465,300
	Tribune Media 144A
	5.875% 7/15/22 #	355,000		358,550
	Univision Communications
	144A 5.125% 5/15/23 #	240,000		237,600
	VTR Finance 144A
	6.875% 1/15/24 #	865,000		854,188
	WideOpenWest Finance
	10.25% 7/15/19	630,000		654,413
	13.375% 10/15/19	190,000		201,400
				8,454,110
Real Estate Investment Trusts – 0.27%
	Alexandria Real Estate
	Equities 4.60% 4/1/22	15,000		15,589
	AvalonBay Communities
	3.45% 6/1/25	5,000		4,901
	3.50% 11/15/24	5,000		4,947
	CBL & Associates
	4.60% 10/15/24	5,000		4,861
	Communications Sales &
	Leasing 144A
	8.25% 10/15/23 #	165,000		150,563
	Corporate Office Properties
	3.60% 5/15/23	5,000		4,601
	5.25% 2/15/24	10,000		10,149
	DDR
	3.625% 2/1/25	5,000		4,714
	7.50% 4/1/17	5,000		5,419
	7.875% 9/1/20	20,000		24,360
	Education Realty Operating
	Partnership
	4.60% 12/1/24	5,000		5,054
	ESH Hospitality 144A
	5.25% 5/1/25 #	225,000		219,375
	Excel Trust 4.625% 5/15/24	5,000		4,799
	Hospitality Properties Trust
	4.50% 3/15/25	5,000		4,909
	Omega Healthcare Investors
	144A 4.50% 4/1/27 #	5,000		4,820
	Regency Centers
	5.875% 6/15/17	20,000		21,480
	Ventas Realty
	4.125% 1/15/26	5,000		4,966
	WP Carey 4.60% 4/1/24	5,000		5,058
				500,565
Services – 2.55%
	AECOM
	144A 5.75% 10/15/22 #	165,000		165,413
	144A 5.875% 10/15/24 #	235,000		237,350
	Algeco Scotsman Global
	Finance
	144A 8.50% 10/15/18 #	400,000		360,000
	144A 10.75% 10/15/19 #	215,000		127,925
	Avis Budget Car Rental 144A
	5.25% 3/15/25 #	500,000		475,625
	BlueLine Rental Finance 144A
	7.00% 2/1/19 #	295,000		280,250
	Covanta Holding
	5.875% 3/1/24	160,000		156,800
	GEO Group
	5.125% 4/1/23	165,000		165,000
	5.875% 10/15/24	275,000		283,937

(continues) NQ-DEX [8/15] 10/15 (15216) 13

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

		Principal	Value
		amount°	(U.S. $)
Corporate Bonds (continued)
Services (continued)
	Mattamy Group 144A
	6.50% 11/15/20 #	485,000	$	470,450
	Navios South American
	Logistics 144A
	7.25% 5/1/22 #	375,000		347,344
	OPE KAG Finance Sub 144A
	7.875% 7/31/23 #	330,000		337,425
	Pinnacle Entertainment
	7.75% 4/1/22	145,000		160,950
	United Rentals North America
	5.50% 7/15/25	130,000		125,937
	5.75% 11/15/24	625,000		618,750
	Vander Intermediate Holding
	II 144A PIK 9.75%
	2/1/19 #❆	165,000		144,788
	West 144A
	5.375% 7/15/22 #	345,000		325,594
				4,783,538
Technology – 2.01%
	Apple
	3.20% 5/13/25	25,000		24,910
	3.45% 2/9/45	5,000		4,243
	Audatex North America 144A
	6.125% 11/1/23 #	505,000		502,419
	Avaya 144A 7.00% 4/1/19 #	80,000		72,200
	Cisco Systems
	2.45% 6/15/20	5,000		5,052
	CommScope 144A
	5.50% 6/15/24 #	415,000		404,625
	CommScope Technologies
	Finance 144A
	6.00% 6/15/25 #	240,000		234,000
	Corning 2.90% 5/15/22	15,000		14,951
	Emdeon 144A
	6.00% 2/15/21 #	350,000		345,625
	Entegris 144A
	6.00% 4/1/22 #	415,000		421,744
	First Data 11.75% 8/15/21	535,500		604,579
	Flextronics International 144A
	4.75% 6/15/25 #	10,000		9,699
	Infor Software Parent 144A
	PIK 7.125% 5/1/21 #❆	485,000		441,350
	Infor US 144A
	5.75% 8/15/20 #	140,000		140,700
	Intel 3.70% 7/29/25	5,000		5,063
	Italics Merger Sub 144A
	7.125% 7/15/23 #	165,000		160,015
	Micron Technology
	144A 5.25% 1/15/24 #	205,000		190,650
	144A 5.625% 1/15/26 #	80,000		72,800
	Molex Electronic Technologies
	144A 2.878% 4/15/20 #	10,000		9,765
	144A 3.90% 4/15/25 #	5,000		4,816
	Motorola Solutions
	4.00% 9/1/24	10,000		9,211
	National Semiconductor
	6.60% 6/15/17	20,000		21,888
	Oracle
	2.95% 5/15/25	5,000		4,817
	4.125% 5/15/45	5,000		4,733
	4.30% 7/8/34	25,000		24,865
	QUALCOMM
	3.00% 5/20/22	5,000		4,861
	3.45% 5/20/25	5,000		4,695
	Seagate HDD Cayman
	4.75% 1/1/25	15,000		14,296
	Xerox 6.35% 5/15/18	10,000		11,018
				3,769,590
Transportation – 0.18%
	Air Canada 2015-1 Class A
	Pass Through Trust 144A
	3.60% 3/15/27 #⧫	5,000		4,856
	American Airlines 2014-1
	Class A Pass Through Trust
	3.70% 10/1/26 ⧫	4,853		4,850
	American Airlines 2015-1
	Class A Pass Through Trust
	3.375% 5/1/27 ⧫	5,000		4,894
	Brambles USA 144A
	5.35% 4/1/20 #	15,000		16,614
	Burlington Northern Santa Fe
	4.15% 4/1/45	15,000		13,680
	ERAC USA Finance 144A
	5.25% 10/1/20 #	15,000		16,737
	Trinity Industries
	4.55% 10/1/24	10,000		9,409
	United Airlines 2014-1 Class
	A Pass Through Trust
	4.00% 4/11/26 ⧫	5,000		5,056
	United Airlines 2014-2 Class
	A Pass Through Trust
	3.75% 9/3/26 ⧫	5,000		5,019
	United Parcel Service
	5.125% 4/1/19	10,000		11,136
	XPO Logistics 144A
	6.50% 6/15/22 #	245,000		241,938
				334,189

14 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

			Principal		Value
			amount°		(U.S. $)
Corporate Bonds (continued)
Utilities – 1.79%
	Abengoa Yield 144A
	7.00% 11/15/19 #			275,000	$	258,500
	AES 5.50% 4/15/25			390,000		368,550
	AES Gener 144A
	8.375% 12/18/73 #●			200,000		217,000
	American Water Capital
	3.40% 3/1/25			5,000		5,013
	Calpine
	5.375% 1/15/23			215,000		208,485
	5.50% 2/1/24			205,000		198,850
	DPL 6.75% 10/1/19			355,000		372,750
	Dynegy
	5.875% 6/1/23			255,000		244,800
	7.375% 11/1/22			220,000		228,800
	7.625% 11/1/24			420,000		439,236
	Electricite de France 144A
	4.60% 1/27/20 #			15,000		16,473
	Enel 144A
	8.75% 9/24/73 #●			400,000		468,388
	GenOn Energy
	9.875% 10/15/20			345,000		327,750
						3,354,595
Total Corporate Bonds
	(cost $86,336,628)					81,414,547

Municipal Bond – 0.14%
	Chicago, Illinois
	(Taxable Build America
	Bond) Series B
	7.75% 1/1/42			265,000		254,858
Total Municipal Bond
	(cost $260,844)					254,858

Non-Agency Asset-Backed Security – 0.01%
	Nissan Auto Receivables
	Owner Trust
	Series 2013-C A3
	0.67% 8/15/18			20,697		20,654
Total Non-Agency
	Asset-Backed Security
	(cost $20,692)					20,654

Non-Agency Collateralized Mortgage Obligations – 0.06%
	Citicorp Mortgage Securities
	Trust
	Series 2007-1 2A1
	5.50% 1/25/22			4,795		4,814
	Citicorp Residential Mortgage
	Trust
	Series 2006-3 A5
	5.948% 11/25/36 ϕ			100,000		99,481
Total Non-Agency
	Collateralized Mortgage
	Obligations (cost $91,694)					104,295

Regional Bond – 0.44%Δ
Australia – 0.44%
	New South Wales Treasury
	4.00% 5/20/26	AUD		1,060,000		817,902
Total Regional Bond
	(cost $923,764)					817,902

Senior Secured Loans – 2.01%«
	21st Century Oncology
	Tranche B 1st Lien
	6.50% 4/28/22			185,000		177,831
	Applied Systems 2nd Lien
	7.50% 1/23/22			411,719		411,101
	Atkore International 2nd Lien
	7.75% 10/9/21			235,000		217,669
	Avaya 1st Lien
	4.50% 10/26/17			174,520		163,089
	BJ’s Wholesale Club 2nd Lien
	8.50% 3/31/20			440,000		440,220
	CD&R Millennium Holdco 6
	2nd Lien 8.75% 7/31/22			370,000		364,450
	Drillship Ocean Ventures
	Tranche B 1st Lien
	5.50% 7/25/21			77,389		59,977
	Flint Group 2nd Lien
	8.25% 9/7/22			375,000		373,750
	FMG Resources August 2006
	Pty 1st Lien
	3.75% 6/30/19			100,000		81,208
	Green Energy Partners
	Tranche B 1st Lien
	6.50% 11/13/21			255,000		258,984
	iHeartCommunications
	Tranche D 1st Lien
	6.75% 1/30/19			240,000		212,100
	Marina District Finance
	Tranche B 1st Lien
	6.50% 8/15/18			259,504		261,218
	Moxie Patriot Tranche B1 1st
	Lien 6.75% 12/19/20			210,000		204,750
	Panda Liberty Tranche B 1st
	Lien 7.50% 8/21/20			215,000		209,625

(continues) NQ-DEX [8/15] 10/15 (15216) 15

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

			Principal		Value
			amount°		(U.S. $)
Senior Secured Loans« (continued)
	Rite Aid 2nd Lien
	5.75% 8/21/20			178,000	$	179,928
	Solenis International 2nd Lien
	7.75% 7/31/22			150,000		144,687
Total Senior Secured Loans
	(cost $3,844,824)					3,760,587

Sovereign Bonds – 4.64%Δ
Indonesia – 2.33%
	Indonesia Government
	International Bonds
	144A 5.125% 1/15/45 #			1,000,000		920,000
	6.625% 2/17/37			1,350,000		1,458,000
	144A 6.75% 1/15/44 #			1,800,000		1,995,840
						4,373,840
Mexico – 1.79%
	Mexican Bonos
	10.00% 12/5/24	MXN		22,720,000		1,740,988
	Mexico Government
	International Bond
	3.60% 1/30/25			1,632,000		1,603,440
						3,344,428
South Africa – 0.52%
	South Africa Government
	International Bond
	5.375% 7/24/44			1,000,000		975,080
						975,080
Total Sovereign Bonds
	(cost $9,634,463)					8,693,348

Supranational Bank – 0.64%
	Inter-American Development
	Bank 7.25% 7/17/17	IDR		17,930,000,000		1,205,330
Total Supranational Bank
	(cost $1,495,517)					1,205,330

U.S. Treasury Obligations – 0.68%
	U.S. Treasury Bond
	3.00% 5/15/45			90,000		91,072
	U.S. Treasury Note
	1.625% 7/31/20			285,000		286,124
	2.125% 5/15/25			900,000		893,115
Total U.S. Treasury
	Obligations
	(cost $1,260,163)					1,270,311

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

			Number of shares
			Number of shares
Limited Partnership – 0.20%
	Ares Management			9,000		155,250
	Brookfield Infrastructure
	Partners			5,400		213,300
Total Limited Partnership
	(cost $325,427)					368,550

Preferred Stock – 0.78%
	Ally Financial 144A 7.00% #			400		406,463
	Bank of America 6.50% ●			450,000		464,063
	Freddie Mac 6.02%			40,000		164,000
	GMAC Capital Trust I
	8.125% ●			12,000		306,360
	Integrys Energy Group
	6.00% ●			300		8,022
	Morgan Stanley 5.55% ●			10,000		10,000
	National Retail Properties
	5.70%			200		4,906
	Public Storage 5.20%			200		4,836
	Vornado Realty Trust 6.625%			3,700		94,387
Total Preferred Stock
	(cost $2,323,300)					1,463,037

Rights – 0.01%
	Safeway CVR exercise price
	$2.41 =			46,400		24,678
Total Rights (cost $0)						24,678

Warrant – 0.00%
	Wheeler Real Estate
	Investment Trust strike
	price $5.50, expiration
	date 4/29/19 @†			12,540		690
Total Warrant (cost $104)						690

16 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

	Principal	Value
	amount°	(U.S. $)
Short-Term Investments – 0.77%
Discount Notes – 0.55%≠
Federal Home Loan Bank
0.065% 9/2/15	62,561	$	62,561
0.07% 10/5/15	550,182		550,144
0.075% 9/18/15	125,333		125,333
0.10% 10/23/15	62,561		62,554
0.105% 11/3/15	116,289		116,262
Freddie Mac
0.075% 10/1/15	121,275		121,268
			1,038,122
Repurchase Agreements – 0.22%
Bank of America Merrill Lynch
0.07%, dated 8/31/15, to
be repurchased on 9/1/15,
repurchase price $64,918
(collateralized by U.S.
government obligations
1.50%–4.375%
10/31/19-5/15/41; market
value $66,216)	64,918		64,918
Bank of Montreal
0.10%, dated 8/31/15, to
be repurchased on 9/1/15,
repurchase price $108,197
(collateralized by U.S.
government obligations
0.00%–8.00%
8/18/16–5/15/45; market
value $110,361)	108,197		108,197
BNP Paribas
0.12%, dated 8/31/15, to
be repurchased on 9/1/15,
repurchase price $237,886
(collateralized by U.S.
government obligations
0.00%–7.50%
2/15/16–11/15/44; market
value $242,643)	237,885		237,885
			411,000

Total Short-Term
Investments
(cost $1,449,123)			1,449,122

Total Value of
Securities – 141.04%
(cost $268,260,253)		$	264,453,277

Borrowing Under Line of
Credit – (44.80%)			(84,000,000	)
Receivables and Other
Assets Net of
Liabilities – 3.76%★			7,054,971
Net Assets Applicable to
15,863,616 Shares
Outstanding – 100.00%		$	187,508,248

____________________

#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Aug. 31, 2015, the aggregate value of Rule 144A securities was $54,265,220, which represents 28.94% of the Fund’s net assets.
@	Illiquid security. At Aug. 31, 2015, the aggregate value of illiquid securities was $1,171,731, which represents 0.63% 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 cash.
★	Includes $2,726 cash collateral for swap contracts as of Aug. 31, 2015.
=	Security is being fair valued in accordance with the Fund’s fair valuation policy. At Aug. 31, 2015, the aggregate value of fair valued securities was $59,904, which represents 0.03% of the Fund’s net assets.
≠	The rate shown is the effective yield at the time of purchase.
°	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 Aug. 31, 2015. Interest rates reset periodically.
Δ	Securities have been classified by country of origin.
«	Senior secured loans generally pay interest at rates which are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally: (i) the prime rate offered by one or more U.S. banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate (LIBOR), and (iii) the certificate of deposit rate. Senior secured loans may be subject to restrictions on resale. Stated rate in effect at Aug. 31, 2015.
ϕ	Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Aug. 31, 2015.

(continues) NQ-DEX [8/15] 10/15 (15216) 17

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

The following foreign currency exchange contracts and futures contracts were outstanding at Aug. 31, 2015:

Foreign Currency Exchange Contracts

							Unrealized
	Contracts to						Appreciation
Counterparty	Receive (Deliver)			In Exchange For		Settlement Date	(Depreciation)
BNYM	AUD	(40,942	)	USD	29,299	9/2/15	$	164
BNYM	CAD	(195,377	)	USD	147,468	9/1/15		(1,035	)
BNYM	CHF	(165,660	)	USD	172,010	9/1/15		638
BNYM	EUR	(662,652	)	USD	741,110	9/1/15		(2,366	)
BNYM	GBP	(195,168	)	USD	300,507	9/2/15		995
BNYM	HKD	(1,253,947	)	USD	161,715	9/1/15		(83	)
BNYM	IDR	(504,106,510	)	USD	35,710	9/2/15		(139	)
BNYM	JPY	(74,559,965	)	USD	615,658	9/2/15		663
BNYM	KRW	(29,204,714	)	USD	24,675	9/1/15		(18	)
BNYM	SEK	(1,032,126	)	USD	121,901	9/1/15		(43	)
BNYM	SGD	(1,048	)	USD	741	9/1/15		(1	)
							$	(1,225	)

Swap Contract
CDS Contract¹

Swap

Annual

Unrealized

Referenced

Protection

Termination

Appreciation

Counterparty

Obligation

Notional Value

Payments

Date

(Depreciation)²

Protection

Purchased:

JPMC -

iTraxx

Europe

Crossover

Series 23

ICE

Version 1

EUR

20,000

5.00%

6/20/20

318

The use of foreign currency exchange contracts and swap contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contracts and swap 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.

¹A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). Periodic payments (receipts) on such contracts are accrued daily and recorded as realized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as unrealized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded as unrealized appreciation or depreciation daily. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the agreement.

²Unrealized appreciation (depreciation) does not include periodic interest payments on swap contracts accrued daily in the amount of $(219).

Summary of abbreviations:
ADR – American Depositary Receipt
ARM – Adjustable Rate Mortgage
AUD – Australian Dollar
BNYM – Bank of New York Mellon
CAD – Canadian Dollar
CDS – Credit Default Swap
CHF – Swiss Franc
CVA – Dutch Certificate
CVR – Contingent Value Rights
ETN – Exchange-Traded Note
EUR – European Monetary Unit
FDR – Finnish Depositary Receipt
GBP – British Pound Sterling
GNMA – Government National Mortgage Association
HKD – Hong Kong Dollar
ICE – IntercontinentalExchange, Inc.
IDR – Indonesian Rupiah
JPMC – JPMorgan Chase Bank
JPY – Japanese Yen
KRW – South Korean Won
MXN – Mexican Peso
PIK – Payment-in-kind
REIT – Real Estate Investment Trust
REMIC – Real Estate Mortgage Investment Conduit
SEK – Swedish Krona
S.F. – Single Family
SGD – Singapore Dollar
USD – U.S. Dollar
yr – Year

18 NQ-DEX [8/15] 10/15 (15216)

Notes

Delaware Enhanced Global Dividend and Income Fund
August 31, 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 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. 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. Open-end 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 and credit default swap (CDS) contracts are valued based upon valuations provided by an independent pricing service or broker/counterparty 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. Swap prices are derived using daily swap curves and models that incorporate a number of market data factors, such as discounted cash flows, trades, and values of the underlying reference instruments. 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 [8/15] 10/15 (15216) 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 Aug. 31, 2015:

Securities	Level 1		Level 2		Level 3		Total
Agency, Asset-Backed and
Mortgage-Backed Securities	$	—	$	1,004,424	$	—	$	1,004,424
Corporate Debt		—		107,745,987		—		107,745,987
Foreign Debt		—		10,716,580		—		10,716,580
Municipal Bonds		—		254,858		—		254,858
Senior Secured Loans		—		3,760,587		—		3,760,587
Common Stock
Consumer Discretionary		2,592,729		12,112,158		—		14,704,887
Consumer Staples		5,027,914		8,281,363		—		13,309,277
Diversified REITs		537,651		357,103		—		894,754
Energy		7,695,326		3,285,502		—		10,980,828
Financials		2,399,778		15,790,648		—		18,190,426
Healthcare		10,054,975		7,645,829		—		17,700,804
Healthcare REITs		768,826		—		—		768,826
Hotel REITs		1,216,624		—		—		1,216,624
Industrial REITs		652,372		213,721		—		866,093
Industrials		2,820,697		12,274,141		—		15,094,838
Information Technology		7,822,951		4,326,402		—		12,149,353
Mall REITs		1,504,405		—		—		1,504,405
Manufactured Housing REIT		175,979		—		—		175,979
Materials		1,920,706		2,750,661		—		4,671,367
Mixed REITs		235,917		—		—		235,917
Mortgage REITs		917,475		—		—		917,475
Multifamily REITs		841,763		—		—		841,763
Office REITs		1,780,846		735,326		—		2,516,172
Self-Storage REITs		269,708		—		—		269,708
Shopping Center REITs		1,273,123		693,674		—		1,966,797
Single Tenant REIT		125,462		—		—		125,462
Specialty REITs		296,815		—		—		296,815
Telecommunications		3,338,260		4,849,814		—		8,188,074
Utilities		1,340,830		999,681		—		2,340,511

20 NQ-DEX [8/15] 10/15 (15216)

(Unaudited)

Securities	Level 1		Level 2			Level 3		Total
Convertible Preferred Stock¹	$	5,846,680	$	417,579		$	35,226	$	6,299,485
Exchange-Traded Note		167,813		—			—		167,813
Limited Partnership		368,550		—			—		368,550
Preferred Stock¹		418,511		1,044,526			—		1,463,037
Rights		—		—			24,678		24,678
Warrant		690		—			—		690
U.S. Treasury Obligations		—		1,270,311			—		1,270,311
Short-Term Investments		—		1,449,122			—		1,449,122
Total Value of Securities	$	62,413,376	$	201,979,997		$	59,904	$	264,453,277

Foreign Currency Exchange
Contracts	$	—	$	(1,225	)	$	—	$	(1,225	)
Swap Contract		—		318			—		318

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	92.81	%	6.63	%	0.56	%	100.00	%
Preferred Stock	28.61	%	71.39	%	—		100.00	%

As a result of utilizing international fair value pricing at Aug. 31, 2015, the majority of the Fund’s common stock was categorized as Level 2.

During the period ended Aug. 31, 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) 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 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.

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. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Aug. 31, 2015 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

(continues) NQ-DEX [8/15] 10/15 (15216) 21

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: