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 29, 2016



Item 1. Schedule of Investments.

Schedule of investments

Delaware Enhanced Global Dividend and Income Fund
February 29, 2016 (Unaudited)

              Number of       Value
shares (U.S. $)
Common Stock – 70.75%
Consumer Discretionary – 9.01%
Bayerische Motoren Werke 14,898 $ 1,210,284
Ford Motor 64,700 809,397
Johnson Controls 18,600 678,156
Kering 6,238 1,085,367
Mattel 20,500 666,660
Nitori Holdings 19,008 1,459,924
Publicis Groupe 10,567 654,859
Sumitomo Rubber Industries 93,000 1,329,161
Target 11,100 870,795
Techtronic Industries 365,000 1,394,462
Toyota Motor 45,005 2,346,453
Yue Yuen Industrial Holdings 653,000 2,321,489
  14,827,007
Consumer Staples – 7.77%  
Archer-Daniels-Midland 14,700   513,912
Aryzta † 46,568 2,213,325
Carlsberg Class B 18,687 1,611,482
Coca-Cola Amatil 147,683 894,385
ConAgra Foods 12,500 525,750
Japan Tobacco 54,200 2,155,258
Kimberly-Clark 7,600 990,280
Kraft Heinz 13,600 1,047,472
Procter & Gamble 12,300 987,567
Reynolds American 13,064 658,818
Tesco †   475,663 1,187,263
    12,785,512
Diversified REITs – 0.79%
Gramercy Property Trust 45,084 340,384
Investors Real Estate Trust 10,260 62,996
Lexington Realty Trust 29,584 228,980
Mapletree Logistics Trust 70,996 49,203
Orix JREIT 40 60,806
Stockland 70,059 207,918
Vornado Realty Trust 2,641 228,077
Wereldhave 2,500 126,713
  1,305,077
Energy – 5.07%
California Resources 674 379
Chevron 7,800 650,832
CNOOC 986,000 1,027,106
ConocoPhillips 20,000 676,600
Occidental Petroleum 7,200 495,504
Royal Dutch Shell ADR 22,300 1,019,333
Spectra Energy 23,100 674,520
Subsea 7 † 15,284 96,696
Suncor Energy 42,700 1,043,988
TOTAL 24,873 1,114,819
TOTAL ADR 23,100 1,032,801
Williams 31,900 510,081
  8,342,659
Financials – 8.69%
Ashford † 632 25,280
AXA 86,144 1,894,008
Bank Rakyat Indonesia
     Persero 1,475,100 1,220,241
BB&T 28,600 919,776
Gallagher (Arthur J.) 25,000 996,250
ING Groep CVA 129,195 1,540,177
Mitsubishi UFJ Financial
     Group 485,328 2,094,340
Nordea Bank 183,171 1,821,853
Nordea Bank FDR 43,363 431,051
Solar Capital 8,309 143,330
Standard Chartered 205,531 1,222,756
UniCredit 283,041 1,051,383
Wells Fargo 20,000 938,400
  14,298,845
Healthcare – 8.95%
AbbVie 17,900 977,519
AstraZeneca ADR 33,700 966,179
Bristol-Myers Squibb 7,800 483,054
Johnson & Johnson 11,100 1,167,831
Merck 21,700 1,089,557
Novartis 30,967 2,205,732
Pfizer 38,460 1,141,108
Sanofi 32,077 2,541,726
STADA Arzneimittel 44,209 1,495,523
Teva Pharmaceutical
     Industries ADR 47,900 2,663,240
  14,731,469
Healthcare REITs – 0.14%
Healthcare Trust of America
     Class A 3,897 108,376
Omega Healthcare Investors 917 29,399
Welltower 1,589 101,346
  239,121
Hotel REITs – 0.48%
Ashford Hospitality Prime 14,889 146,359
Ashford Hospitality Trust 61,800 341,754
Host Hotels & Resorts 5,587 85,537
Pebblebrook Hotel Trust 3,985 108,233

(continues)     NQ-DEX [2/16] 4/16 (16285) 1



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

              Number of       Value
shares (U.S. $)
Common Stock(continued)
Hotel REITs (continued)
Summit Hotel Properties 9,300 $ 100,533
  782,416
Industrial REITs – 0.37%
Goodman Group 49,447 228,145
Prologis Property Mexico † 116,800 170,400
Terreno Realty 9,357 207,164
  605,709
Industrials – 9.47%
Deutsche Post 62,609 1,484,345
East Japan Railway 24,461 2,142,039
ITOCHU 186,702 2,201,068
Koninklijke Philips 64,173 1,629,339
Meggitt 230,888 1,335,691
Raytheon 6,800 842,180
Rexel 47,870 586,046
Teleperformance 27,778 2,144,557
Vinci 32,386 2,236,942
Waste Management 17,600 982,960
15,585,167
Information Technology – 6.27%
CA @ 45,200 1,323,908
Canon ADR 22,700 640,140
CGI Group Class A † 63,440 2,654,352
Cisco Systems 44,200 1,157,156
Intel 40,100 1,186,559
Playtech 110,918 1,300,809
Samsung Electronics 1,614 1,538,654
Xerox 53,400 513,174
10,314,752
Mall REITs – 0.86%
General Growth Properties 7,180 197,594
Pennsylvania Real Estate
     Investment Trust 8,500 162,860
Simon Property Group 5,605 1,063,437
  1,423,891
Manufactured Housing REIT – 0.13%
Equity LifeStyle Properties 3,156 221,425
  221,425
Materials – 2.67%
Alamos Gold 71,988 329,878
Dow Chemical 12,700 617,347
EI du Pont de Nemours 9,700 590,439
Rexam 193,224 1,636,093
Rio Tinto 29,248 769,306
Tarkett 6,400 187,535
Yamana Gold 95,766 271,089
  4,401,687
Mixed REITs – 0.17%
Duke Realty 11,447 236,724
PS Business Parks 400 36,724
273,448
Mortgage REITs – 0.26%
Colony Capital 3,765 61,746
Starwood Property Trust 20,900 366,586
428,332
Multifamily REITs – 0.50%
ADO Properties 144A #† 9,915 297,047
Apartment Investment &
     Management 3,765 137,837
Equity Residential 906 67,488
Gecina 893 110,460
Post Properties 2,620 146,013
Vonovia 2,156 66,963
825,808
Office REITs – 1.57%
alstria office REIT 33,657 425,452
Brandywine Realty Trust 17,264 212,520
Champion REIT 125,000 60,738
Easterly Government
     Properties 38,559 659,359
Equity Commonwealth @† 11,822 314,820
Hudson Pacific Properties 3,742 95,421
Intervest Offices &
     Warehouses † 2,500 64,278
Kenedix Office Investment 50 290,332
Mack-Cali Realty 4,327 86,107
Paramount Group 8,608 130,153
Parkway Properties 10,442 139,818
SL Green Realty 1,235 108,902
2,587,900
Self-Storage REITs – 0.17%
Extra Space Storage 2,646 217,369
Jernigan Capital 4,000 59,800
277,169
Shopping Center REITs – 1.26%
Brixmor Property Group 2,065 48,383
Charter Hall Retail REIT 71,117 218,236
DDR 9,513 159,152
First Capital Realty 2,922 42,329
Kimco Realty 12,857 343,925

2 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

            Number of       Value
shares (U.S. $)
Common Stock❖ (continued)
Shopping Center REITs (continued)
Kite Realty Group Trust 12,316 $ 331,547
Klepierre 1,425 59,333
Link REIT 33,000 185,975
Ramco-Gershenson Properties
     Trust 19,634 329,851
Scentre Group 40,548 126,071
Urban Edge Properties 1,320 32,102
Westfield 16,989 120,827
Wheeler Real Estate
     Investment Trust @ 68,360 81,348
2,079,079
Single Tenant REIT – 0.15%
STORE Capital 10,093 243,746
243,746
Specialty REITs – 0.19%
American Residential
     Properties 9,627 152,973
EPR Properties 2,626 163,416
316,389
Telecommunications – 4.47%
AT&T 32,000 1,182,400
Century Communications @=† 125,000 0
Mobile TeleSystems ADR 95,000 665,000
Nippon Telegraph &
     Telephone 70,302 2,977,101
NTT DOCOMO ADR 22,000 512,600
Tele2 Class B 164,029 1,354,579
Verizon Communications 13,000 659,490
  7,351,170
Utilities – 1.34%
American Water Works 800 51,856
Edison International 7,600 518,016
National Grid 73,185 977,444
National Grid ADR 9,700 652,616
2,199,932
 
Total Common Stock
(cost $119,479,076) 116,447,710
 
Convertible Preferred Stock –  2.63%
Crown Castle International
     4.50% exercise price
     $86.67, expiration date
     11/1/16 8,000 850,000
El Paso Energy Capital Trust I
     4.75% exercise price
     $50.00, expiration date
     3/31/28 @ 5,794 253,748
Exelon 6.50% exercise price
     $43.75, expiration date
     6/1/17 12,500 554,375
Halcon Resources 5.75%
     exercise price $30.78,
     expiration date
     12/31/49 @ 251 4,769
Huntington Bancshares
     8.50% exercise price
     $11.95, expiration date
     12/31/49 @ 510 690,540
Intelsat 5.75% exercise price
     $22.05, expiration date
     5/1/16 @ 5,189 26,620
Maiden Holdings 7.25%
     exercise price $15.17,
     expiration date 9/15/16 13,476 603,725
Wells Fargo 7.50% exercise
     price $156.71, expiration
     date 12/31/49 695 814,394
Weyerhaeuser 6.375%
     exercise price $32.72,
     expiration date 7/1/16 11,489 534,009
Total Convertible Preferred
Stock (cost $4,735,565) 4,332,180
 
Exchange-Traded Note –  0.10%
iPATH S&P 500 VIX
     Short-Term Futures ETN † 6,250 155,313
Total Exchange-Traded Note
(cost $1,178,000) 155,313
 
Principal
amount°
Agency Collateralized Mortgage Obligations – 0.05%
Fannie Mae REMICs
     Series 2001-50 BA
     7.00% 10/25/41 56,717 66,172
Freddie Mac REMICs
     Series 2557 WE
     5.00% 1/15/18 8,671 8,898
Total Agency Collateralized
     Mortgage Obligations
     (cost $66,567) 75,070

(continues)     NQ-DEX [2/16] 4/16 (16285) 3



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

            Principal       Value
amount° (U.S. $)
Agency Mortgage-Backed Securities – 0.31%
Fannie Mae ARM
     2.27% 4/1/36 19,630 $ 20,787
     2.29% 3/1/38 6,957 7,293
     2.365% 4/1/36 5,637 5,977
     2.411% 5/1/43 4,030 4,128
     2.424% 10/1/36 5,607 5,910
     2.496% 11/1/35 4,043 4,279
     2.553% 6/1/43 1,745 1,790
     2.572% 10/1/36 7,791 8,223
     3.277% 9/1/43 3,728 3,903
Fannie Mae S.F. 15 yr
     4.00% 11/1/25 60,915 65,030
     5.50% 1/1/23 8,712 9,506
Fannie Mae S.F. 20 yr
     4.00% 2/1/31 2,553 2,748
     5.50% 12/1/29 563 632
Fannie Mae S.F. 30 yr
     4.50% 7/1/36 1,371 1,495
     5.50% 7/1/40 3,431 3,884
     6.50% 6/1/36 6,741 7,732
     6.50% 10/1/36 6,087 6,982
Freddie Mac ARM
     2.405% 10/1/36 8,417 8,905
     2.487% 7/1/36 3,777 3,962
Freddie Mac S.F. 15 yr
     4.00% 5/1/25 493 524
     5.00% 6/1/18 1,890 1,953
     5.00% 12/1/22 11,281 12,108
Freddie Mac S.F. 30 yr
     5.00% 1/1/34 161,904 181,249
     6.00% 2/1/36 753 865
     7.00% 11/1/33 16,685 20,387
     9.00% 9/1/30 29,560 31,420
FREMF Mortgage Trust
     Series 2011-K15 B 144A
     4.948% 8/25/44 # 10,000 10,787
     Series 2012-K22 B 144A
     3.686% 8/25/45 # 10,000 9,821
GNMA I S.F. 30 yr
     7.50% 12/15/23 32,784 37,569
GNMA II S.F. 30 yr
     6.00% 11/20/28 32,002 36,553
Total Agency
Mortgage-Backed
Securities (cost $470,676) 516,402
 
Commercial Mortgage-Backed Securities – 0.06%
Banc of America Commercial
     Mortgage Trust
     Series 2007-4 AM
     5.808% 2/10/51 35,000 36,419
JPMorgan Chase Commercial
     Mortgage Securities Trust
     Series 2006-LDP8 AM
     5.44% 5/15/45 35,000 35,381
LB-UBS Commercial
     Mortgage Trust
     Series 2006-C6 AJ
     5.452% 9/15/39 10,000 10,030
     Series 2006-C6 AM
     5.413% 9/15/39 20,000 20,281
Total Commercial
Mortgage-Backed
Securities (cost $109,103) 102,111
 
Convertible Bonds – 14.40%
Brokerage – 0.49%
Jefferies Group 3.875%
     exercise price $44.53,
     maturity date 11/1/29 818,000 806,753
  806,753
Capital Goods – 0.07%
Titan Machinery 3.75%
     exercise price $43.17,
     maturity date 5/1/19 @ 156,000 110,370
110,370
Communications – 1.84%
Alaska Communications
     Systems Group 6.25%
     exercise price $10.28,
     maturity date 5/1/18 @ 1,164,000 1,137,810
Clearwire Communications
     144A 8.25% exercise price
     $7.08, maturity date
     12/1/40 #@ 1,084,000 1,051,480
Liberty Interactive 144A
     1.00% exercise price
     $64.23, maturity date
     9/30/43 # 975,000 845,203
  3,034,493
Consumer Cyclical – 0.95%
Huron Consulting Group
     1.25% exercise price
     $79.89, maturity date
     10/1/19 565,000 533,572

4 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

            Principal       Value
amount° (U.S. $)
Convertible Bonds (continued)
Consumer Cyclical (continued)
Meritor 4.00% exercise price
     $26.73, maturity date
     2/15/27 ϕ 1,149,000 $ 1,027,637
  1,561,209
Consumer Non-Cyclical – 3.09%
HealthSouth 2.00% exercise
     price $38.08, maturity date
     12/1/43 701,000 754,013
Hologic
     0.00% exercise price
     $38.59, maturity date
     12/15/43 †ϕ 607,000 759,888
     2.00% exercise price
     $31.18, maturity date
     3/1/42 ϕ 597,000 770,503
NuVasive 2.75% exercise
     price $42.13, maturity date
     7/1/17 790,000 912,944
Spectrum Pharmaceuticals
     2.75% exercise price
     $10.53, maturity date
     12/15/18 @ 922,000 723,770
Vector Group
     1.75% exercise price
     $24.64, maturity date
     4/15/20 838,000 930,704
     2.50% exercise price
     $15.98, maturity date
     1/15/19 157,000 234,243
5,086,065
Energy – 0.17%
Helix Energy Solutions Group
     3.25% exercise price
     $25.02, maturity date
     3/15/32 501,000 273,984
273,984
Financials – 1.42%
BGC Partners 4.50% exercise
     price $9.84, maturity date
     7/15/16 872,000 897,615
GAIN Capital Holdings
     4.125% exercise price
     $12.00, maturity date
     12/1/18 @ 824,000 793,100
New Mountain Finance
     5.00% exercise price
     $15.93, maturity date
     6/15/19 @    666,000 646,020
2,336,735
Industrials – 0.73%
Chart Industries 2.00%
     exercise price $69.03,
     maturity date 8/1/18 @ 962,000 803,871
General Cable 4.50% exercise
     price $33.38, maturity date
     11/15/29 @ϕ 1,058,000 398,073
1,201,944
Real Estate Investment Trusts – 2.31%
Blackstone Mortgage Trust
     5.25% exercise price
     $28.36, maturity date
     12/1/18 1,069,000 1,085,035
Campus Crest Communities
     Operating Partnership
     144A 4.75% exercise price
     $12.56, maturity date
     10/15/18 #@ 877,000 871,519
Spirit Realty Capital 3.75%
     exercise price $13.10,
     maturity date 5/15/21 @ 956,000 945,250
VEREIT 3.75% exercise price
     $14.99, maturity date
     12/15/20 @ 980,000 905,892
  3,807,696
Technology – 3.33%
Blucora 4.25% exercise price
     $21.66, maturity date
     4/1/19 416,000 303,680
Cardtronics 1.00% exercise
     price $52.35, maturity date
     12/1/20 1,096,000 1,040,515
Ciena 144A 3.75% exercise
     price $20.17, maturity date
     10/15/18 # 469,000 577,749
Electronics For Imaging
     0.75% exercise price
     $52.72, maturity date
     8/29/19 631,000 638,099
Intel 3.25% exercise price
     $21.18, maturity date
     8/1/39 401,000 595,738
j2 Global 3.25% exercise
     price $69.21, maturity date
     6/15/29 789,000 965,539
Nuance Communications
     2.75% exercise price
     $32.30, maturity date
     11/1/31 712,000 707,105

(continues)     NQ-DEX [2/16] 4/16 (16285) 5



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

            Principal       Value
amount° (U.S. $)
Convertible Bonds (continued)
Technology (continued)
PROS Holdings 144A 2.00%
     exercise price $33.79,
     maturity date 12/1/19 # 852,000 $ 651,780
  5,480,205
Total Convertible Bonds
(cost $24,575,432) 23,699,454
 
Corporate Bonds –  43.31%
Automotive – 0.23%
Goodyear Tire & Rubber
     5.125% 11/15/23 370,000 382,025
382,025
Banking – 2.17%
Bank of America
     4.45% 3/3/26 5,000 5,000
Bank of New York Mellon
     2.50% 4/15/21 5,000 5,039
BB&T 2.45% 1/15/20 35,000 35,302
Citizens Financial Group
     4.30% 12/3/25 5,000 5,144
City National 5.25% 9/15/20 5,000 5,572
JPMorgan Chase
     2.55% 3/1/21 5,000 5,001
     4.25% 10/1/27 10,000 10,199
     6.75% 8/29/49 1,140,000 1,209,825
Lloyds Banking Group
     7.50% 4/30/49 245,000 229,687
Morgan Stanley
     3.875% 1/27/26 65,000 66,916
     3.95% 4/23/27 5,000 4,840
PNC Funding 5.625% 2/1/17 35,000 36,174
Popular 7.00% 7/1/19 485,000 466,206
Royal Bank of Scotland Group
     8.00% 12/29/49 610,000 558,150
Santander Holdings USA
     4.625% 4/19/16 10,000 10,036
Santander Issuances
     5.179% 11/19/25 200,000 186,341
Santander UK Group Holdings
     2.875% 10/16/20 15,000 14,736
State Street
     2.55% 8/18/20 5,000 5,110
     3.10% 5/15/23 5,000 5,041
     3.55% 8/18/25 5,000 5,281
SunTrust Banks
     2.35% 11/1/18 10,000 10,031
Toronto-Dominion Bank
     2.50% 12/14/20 5,000 5,061
US Bancorp
     5.125% 12/29/49 605,000 607,904
USB Capital IX 3.50%
     10/29/49 @ 80,000 57,550
Wells Fargo
     2.50% 3/4/21 5,000 5,009
     2.55% 12/7/20 5,000 5,040
Zions Bancorporation
     4.50% 6/13/23 5,000 5,106
3,565,301
Basic Industry – 2.93%
AK Steel 7.625% 5/15/20 271,000 165,310
ArcelorMittal
     6.50% 3/1/21 230,000 208,150
     10.85% 6/1/19 115,000 121,613
BHP Billiton Finance USA
     144A 6.25% 10/19/75 # 330,000 326,700
Builders FirstSource
     144A 7.625% 6/1/21 # 430,000 438,600
     144A 10.75% 8/15/23 # 445,000 416,965
CF Industries 6.875% 5/1/18 10,000 10,792
Chemours
     144A 6.625% 5/15/23 # 130,000 94,575
     144A 7.00% 5/15/25 # 123,000 89,483
CPG Merger Sub 144A
     8.00% 10/1/21 #@ 125,000 115,625
Dow Chemical
     8.55% 5/15/19 34,000 39,996
Freeport-Mcmoran
     2.30% 11/14/17 120,000 110,400
Georgia-Pacific
     8.00% 1/15/24 20,000 25,253
INVISTA Finance 144A
     4.25% 10/15/19 # 10,000 9,600
James Hardie International
     Finance 144A
     5.875% 2/15/23 # 415,000 415,000
Joseph T Ryerson & Son
     11.25% 10/15/18 @ 109,000 72,485
Kissner Milling 144A
     7.25% 6/1/19 #@ 200,000 178,500
Methanex 4.25% 12/1/24 5,000 4,165
NCI Building Systems 144A
     8.25% 1/15/23 # 225,000 234,000
New Gold
     144A 6.25% 11/15/22 # 146,000 104,755
     144A 7.00% 4/15/20 # 150,000 126,563
NOVA Chemicals 144A
     5.00% 5/1/25 # 305,000 299,663

6 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

            Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Basic Industry (continued)
PPG Industries
     2.30% 11/15/19 5,000 $ 5,028
Rayonier AM Products 144A
     5.50% 6/1/24 # 259,000 210,437
Steel Dynamics
     5.50% 10/1/24 350,000 329,000
Summit Materials
     6.125% 7/15/23 420,000 376,950
     144A 8.50% 4/15/22 # 120,000 120,000
TPC Group 144A
     8.75% 12/15/20 # 260,000 165,100
  4,814,708
Brokerage – 0.02%
Jefferies Group
     5.125% 1/20/23 10,000 9,892
     6.45% 6/8/27 5,000 4,930
     6.50% 1/20/43 5,000 4,306
Lazard Group
     6.85% 6/15/17 6,000 6,310
25,438
Capital Goods – 4.12%
Ardagh Packaging Finance
     144A 6.00% 6/30/21 # 400,000 368,000
Ball
     4.375% 12/15/20 145,000 151,797
     5.25% 7/1/25 630,000 659,137
Berry Plastics 144A
     6.00% 10/15/22 # 305,000 318,725
BWAY Holding 144A
     9.125% 8/15/21 # 473,000 394,955
Cemex
     144A 5.70% 1/11/25 # 1,000,000 877,500
     144A 7.25% 1/15/21 # 480,000 481,200
Crane 4.45% 12/15/23 10,000 10,446
Fortune Brands Home &
     Security 3.00% 6/15/20 5,000 5,013
Gardner Denver 144A
     6.875% 8/15/21 # 549,000 367,830
General Electric
     2.10% 12/11/19 35,000 35,684
     5.55% 5/4/20 5,000 5,725
     6.00% 8/7/19 10,000 11,511
Huntington Ingalls Industries
     144A 5.00% 12/15/21 # 100,000 105,625
KLX 144A 5.875% 12/1/22 # 270,000 258,525
Lockheed Martin
     3.55% 1/15/26 5,000 5,248
MTW Foodservice Escrow
     144A 9.50% 2/15/24 # 110,000 116,463
Orbital ATK 144A
     5.50% 10/1/23 # 205,000 212,687
Plastipak Holdings 144A
     6.50% 10/1/21 # 405,000 390,825
Reynolds Group Issuer
     6.875% 2/15/21 280,000 290,500
     8.25% 2/15/21 210,000 207,375
Signode Industrial Group
     144A 6.375% 5/1/22 # 360,000 307,800
Standard Industries
     144A 5.125% 2/15/21 # 75,000 76,875
     144A 5.50% 2/15/23 # 125,000 127,187
     144A 6.00% 10/15/25 # 215,000 219,569
StandardAero Aviation
     Holdings 144A
     10.00% 7/15/23 # 400,000 374,000
TransDigm
     6.00% 7/15/22 125,000 122,500
     6.50% 7/15/24 275,000 269,500
6,772,202
Communications – 4.73%
21st Century Fox America
     4.95% 10/15/45 5,000 4,891
American Tower Trust I 144A
     3.07% 3/15/23 # 20,000 20,260
AT&T
     3.60% 2/17/23 15,000 15,285
     4.125% 2/17/26 5,000 5,170
CC Holdings GS V
     3.849% 4/15/23 5,000 5,045
CCO Safari II 144A
     4.908% 7/23/25 # 295,000 303,085
CenturyLink
     5.80% 3/15/22 210,000 204,750
     6.75% 12/1/23 440,000 431,750
Cisco Systems
     2.20% 2/28/21 20,000 20,202
Cogent Communications
     Finance 144A
     5.625% 4/15/21 #@ 320,000 304,800
Cogent Communications
     Group 144A
     5.375% 3/1/22 # 125,000 121,563
Crown Castle Towers 144A
     4.883% 8/15/20 # 30,000 32,310
Digicel 144A 6.75% 3/1/23 # 355,000 304,413

(continues)     NQ-DEX [2/16] 4/16 (16285) 7



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

            Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Communications (continued)
Digicel Group
     144A 7.125% 4/1/22 # 1,250,000 $ 900,000
     144A 8.25% 9/30/20 # 475,000 372,875
Frontier Communications
     144A 10.50% 9/15/22 # 165,000 167,269
     144A 11.00% 9/15/25 # 355,000 356,775
Historic TW 6.875% 6/15/18 25,000 27,701
Lamar Media 144A
     5.75% 2/1/26 # 360,000 373,723
Level 3 Financing
     144A 5.375% 1/15/24 # 370,000 380,175
     5.375% 5/1/25 460,000 469,775
Sable International Finance
     144A 6.875% 8/1/22 # 290,000 277,675
SES GLOBAL Americas
     Holdings 144A
     5.30% 3/25/44 # 15,000 13,828
Sprint
     7.125% 6/15/24 545,000 391,037
     7.25% 9/15/21 115,000 87,113
Sprint Communications
     144A 7.00% 3/1/20 # 150,000 148,125
     144A 9.00% 11/15/18 # 230,000 239,913
T-Mobile USA
     6.00% 3/1/23 195,000 201,825
     6.375% 3/1/25 85,000 86,169
     6.50% 1/15/26 110,000 112,021
Verizon Communications
     4.862% 8/21/46 10,000 9,808
Virgin Media Secured Finance
     144A 5.25% 1/15/26 # 410,000 410,000
Wind Acquisition Finance
     144A 7.375% 4/23/21 # 365,000 337,625
Zayo Group 6.00% 4/1/23 655,000 648,450
7,785,406
Consumer Cyclical – 4.51%
American Builders &
     Contractors Supply 144A
     5.75% 12/15/23 # 215,000 221,987
American Tire Distributors
     144A 10.25% 3/1/22 # 360,000 311,400
Aramark Services 144A
     5.125% 1/15/24 # 345,000 362,250
AutoNation 4.50% 10/1/25 5,000 5,110
Beacon Roofing Supply 144A
     6.375% 10/1/23 # 290,000 307,400
Boyd Gaming
     6.875% 5/15/23 325,000 335,563
Caleres 6.25% 8/15/23 285,000 283,575
General Motors Financial
     3.45% 4/10/22 10,000 9,446
Group 1 Automotive 144A
     5.25% 12/15/23 # 255,000 240,337
Harman International
     Industries 4.15% 5/15/25 5,000 4,904
Home Depot
     2.00% 4/1/21 5,000 5,033
     3.00% 4/1/26 10,000 10,353
Hyundai Capital America
     144A 2.55% 2/6/19 # 10,000 10,037
L Brands 144A
     6.875% 11/1/35 # 415,000 442,494
Landry’s 144A
     9.375% 5/1/20 # 785,000 826,213
LKQ 4.75% 5/15/23 175,000 168,875
Lowe’s 3.375% 9/15/25 5,000 5,254
M/I Homes 6.75% 1/15/21 400,000 389,000
Marriott International
     3.375% 10/15/20 5,000 5,146
MGM Resorts International
     6.00% 3/15/23 595,000 611,363
Mohegan Tribal Gaming
     Authority
     144A 9.75% 9/1/21 # 215,000 215,000
     9.75% 9/1/21 170,000 170,000
PulteGroup 5.50% 3/1/26 90,000 91,463
QVC 5.45% 8/15/34 5,000 4,189
Rite Aid 144A
     6.125% 4/1/23 # 450,000 482,063
Sabre GLBL 144A
     5.25% 11/15/23 # 390,000 397,800
Sally Holdings
     5.625% 12/1/25 390,000 407,550
Scotts Miracle-Gro 144A
     6.00% 10/15/23 # 380,000 397,100
Signet UK Finance
     4.70% 6/15/24 10,000 10,063
Starbucks 2.70% 6/15/22 5,000 5,155
Starwood Hotels & Resorts
     Worldwide
     3.75% 3/15/25 @ 5,000 5,051
Tempur Sealy International
     144A 5.625% 10/15/23 # 365,000 372,300
Toyota Motor Credit
     2.80% 7/13/22 5,000 5,107

8 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

            Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Consumer Cyclical (continued)
Wynn Las Vegas 144A
     5.50% 3/1/25 # 325,000 $ 311,594
  7,430,175
Consumer Non-Cyclical – 3.88%
Anheuser-Busch Inbev
     Finance
     3.30% 2/1/23 5,000 5,143
     3.65% 2/1/26 25,000 25,837
AstraZeneca
     3.375% 11/16/25 5,000 5,094
Becton Dickinson
     3.734% 12/15/24 5,000 5,173
     6.375% 8/1/19 10,000 11,300
Campbell Soup
     3.30% 3/19/25 10,000 10,225
Celgene 3.875% 8/15/25 5,000 5,164
Constellation Brands
     4.25% 5/1/23 140,000 145,775
     4.75% 11/15/24 180,000 189,225
     4.75% 12/1/25 110,000 115,363
Cott Beverages
     5.375% 7/1/22 125,000 124,687
     6.75% 1/1/20 150,000 158,250
Covidien International
     Finance 4.20% 6/15/20 20,000 21,765
Dean Foods 144A
     6.50% 3/15/23 # 310,000 326,954
ExamWorks Group
     5.625% 4/15/23 405,000 408,544
Express Scripts Holding
     2.25% 6/15/19 5,000 4,971
JBS USA 144A
     5.75% 6/15/25 # 1,530,000 1,323,450
Kronos Acquisition Holdings
     144A 9.00% 8/15/23 # 355,000 310,625
PepsiCo 4.45% 4/14/46 5,000 5,375
Pinnacle Foods Finance 144A
     5.875% 1/15/24 # 265,000 280,237
Post Holdings
     7.375% 2/15/22 265,000 281,894
     144A 7.75% 3/15/24 # 320,000 351,200
Prestige Brands
     144A 5.375% 12/15/21 # 405,000 401,963
     144A 6.375% 3/1/24 # 70,000 72,450
Reynolds American
     4.00% 6/12/22 5,000 5,396
     4.45% 6/12/25 5,000 5,440
Spectrum Brands
     6.125% 12/15/24 500,000 531,250
     6.625% 11/15/22 265,000 286,531
St. Jude Medical
     2.80% 9/15/20 5,000 5,066
Sterigenics-Nordion Holdings
     144A 6.50% 5/15/23 # 430,000 405,275
SUPERVALU 7.75% 11/15/22 380,000 298,300
Valeant Pharmaceuticals
     International
     144A 5.375% 3/15/20 # 160,000 145,600
     144A 6.75% 8/15/18 # 85,000 82,450
Zimmer Biomet Holdings
     4.625% 11/30/19 30,000 32,370
  6,388,342
Electric – 0.35%
Alabama Power
     4.30% 1/2/46 20,000 21,078
Ameren Illinois
     3.25% 3/1/25 5,000 5,205
     9.75% 11/15/18 45,000 53,953
American Transmission
     Systems 144A
     5.25% 1/15/22 # 15,000 16,457
Berkshire Hathaway Energy
     3.75% 11/15/23 10,000 10,663
Cleveland Electric Illuminating
     5.50% 8/15/24 15,000 17,407
CMS Energy 6.25% 2/1/20 5,000 5,681
Commonwealth Edison
     5.80% 3/15/18 5,000 5,417
Dominion Resources
     3.90% 10/1/25 5,000 5,075
DPL 6.75% 10/1/19 215,000 216,613
DTE Energy 144A
     3.30% 6/15/22 # 5,000 5,110
Duke Energy
     3.75% 4/15/24 5,000 5,167
     4.80% 12/15/45 10,000 10,454
Entergy Louisiana
     4.05% 9/1/23 15,000 16,046
Exelon 144A
     3.95% 6/15/25 # 10,000 10,141
Great Plains Energy
     4.85% 6/1/21 5,000 5,406
Interstate Power & Light
     3.40% 8/15/25 5,000 5,172
IPALCO Enterprises
     5.00% 5/1/18 10,000 10,475

(continues)     NQ-DEX [2/16] 4/16 (16285) 9



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

            Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Electric (continued)
ITC Holdings 3.65% 6/15/24 5,000 $ 4,961
Kansas City Power & Light
     3.65% 8/15/25 10,000 10,305
LG&E & KU Energy
     4.375% 10/1/21 20,000 21,524
National Rural Utilities
     Cooperative Finance
     2.85% 1/27/25 5,000 4,978
     4.75% 4/30/43 10,000 9,550
NextEra Energy Capital
     Holdings 2.40% 9/15/19 10,000 10,004
NV Energy 6.25% 11/15/20 5,000 5,789
Pennsylvania Electric
     5.20% 4/1/20 10,000 10,537
PPL Electric Utilities
     3.00% 9/15/21 10,000 10,389
Public Service of New
     Hampshire
     3.50% 11/1/23 5,000 5,296
Public Service of Oklahoma
     5.15% 12/1/19 30,000 32,589
Puget Energy 6.00% 9/1/21 5,000 5,701
SCANA 4.125% 2/1/22 10,000 10,149
Westar Energy
     3.25% 12/1/25 5,000 5,213
Xcel Energy 3.30% 6/1/25 10,000 10,159
  582,664
Energy – 2.43%
AmeriGas Finance
     7.00% 5/20/22 300,000 309,375
Calumet Specialty Products
     Partners 7.625% 1/15/22 440,000 264,550
Dominion Gas Holdings
     4.60% 12/15/44 5,000 4,724
Ecopetrol 5.875% 5/28/45 615,000 432,037
Enbridge Energy Partners
     8.05% 10/1/37 25,000 17,063
Energy Transfer Partners
     9.70% 3/15/19 7,000 7,336
EnLink Midstream Partners
     4.15% 6/1/25 5,000 3,458
Exxon Mobil 3.043% 3/1/26 5,000 5,000
Genesis Energy
     5.75% 2/15/21 360,000 298,800
Murphy Oil USA
     6.00% 8/15/23 395,000 405,863
Noble Energy
     5.05% 11/15/44 5,000 3,689
     5.625% 5/1/21 350,000 316,406
NuStar Logistics
     6.75% 2/1/21 360,000 307,800
Petroleos Mexicanos
     5.50% 6/27/44 512,000 395,930
     6.625% 6/15/35 1,000,000 908,500
Plains All American Pipeline
     8.75% 5/1/19 10,000 10,278
Regency Energy Partners
     5.875% 3/1/22 10,000 8,798
Targa Resources Partners
     144A 6.75% 3/15/24 # 300,000 255,750
Williams Partners
     7.25% 2/1/17 20,000 20,029
Woodside Finance 144A
     8.75% 3/1/19 # 15,000 17,145
  3,992,531
Financials – 0.52%
Affiliated Managers Group
     3.50% 8/1/25 5,000 4,924
Ally Financial
     5.75% 11/20/25 485,000 472,269
Aviation Capital Group
     144A 4.875% 10/1/25 # 5,000 4,806
     144A 6.75% 4/6/21 # 5,000 5,406
International Lease Finance
     5.875% 8/15/22 350,000 373,625
  861,030
Healthcare – 4.36%
Air Medical Merger Sub 144A
     6.375% 5/15/23 # 430,000 376,250
Amsurg 5.625% 7/15/22 395,000 408,331
Centene Escrow
     144A 5.625% 2/15/21 # 175,000 183,313
     144A 6.125% 2/15/24 # 105,000 111,694
Community Health Systems
     6.875% 2/1/22 436,000 376,050
DaVita HealthCare Partners
     5.00% 5/1/25 585,000 585,000
     5.125% 7/15/24 145,000 147,809
HCA
     5.375% 2/1/25 715,000 729,300
     5.875% 2/15/26 110,000 113,575
HealthSouth
     144A 5.75% 11/1/24 # 225,000 228,375
     5.75% 11/1/24 195,000 197,925
     144A 5.75% 9/15/25 # 205,000 204,487
Hill-Rom Holdings 144A
     5.75% 9/1/23 # 395,000 407,837

10 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

              Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Healthcare (continued)
IASIS Healthcare
     8.375% 5/15/19 635,000 $ 606,425
Kinetic Concepts
     10.50% 11/1/18 155,000 143,763
     12.50% 11/1/19 325,000 252,891
LifePoint Health
     5.875% 12/1/23 435,000 453,487
Mallinckrodt International
     Finance
     4.75% 4/15/23 40,000 35,500
     144A 5.625% 10/15/23 # 360,000 355,500
MEDNAX 144A
     5.25% 12/1/23 # 395,000 410,306
MPH Acquisition Holdings
     144A 6.625% 4/1/22 # 370,000 373,700
Tenet Healthcare
     6.75% 6/15/23 75,000 68,344
     8.125% 4/1/22 405,000 400,189
7,170,051
Insurance – 0.82%
ACE INA Holdings
     3.35% 5/3/26 5,000 5,130
American International Group
     4.125% 2/15/24 5,000 5,078
Berkshire Hathaway Finance
     2.90% 10/15/20 35,000 36,574
Highmark
     144A 4.75% 5/15/21 #@ 5,000 5,074
     144A 6.125% 5/15/41 #@ 5,000 5,242
HUB International
     144A 7.875% 10/1/21 # 435,000 390,413
     144A 9.25% 2/15/21 # 110,000 112,750
Liberty Mutual Group 144A
     4.95% 5/1/22 # 5,000 5,411
MetLife 6.40% 12/15/36 100,000 98,046
Prudential Financial
     5.375% 5/15/45 ● 5,000 4,719
TIAA Asset Management
     Finance
     144A 2.95% 11/1/19 # 5,000 5,029
     144A 4.125% 11/1/24 # 10,000 10,288
USI 144A 7.75% 1/15/21 # 420,000 387,975
Voya Financial
     5.65% 5/15/53 ● 5,000 4,668
XLIT
     4.45% 3/31/25 5,000 4,909
     5.50% 3/31/45 10,000 9,546
     6.50% 12/29/49 ● 365,000 256,413
1,347,265
Media – 4.73%
Altice Luxembourg 144A
     7.75% 5/15/22 # 230,000 223,675
Altice US Finance 144A
     7.75% 7/15/25 # 325,000 303,063
CCO Holdings
     144A 5.375% 5/1/25 # 155,000 153,837
     144A 5.875% 4/1/24 # 50,000 51,187
     144A 5.875% 5/1/27 # 305,000 305,763
CCOH Safari 144A
     5.75% 2/15/26 # 365,000 366,872
Columbus International 144A
     7.375% 3/30/21 # 470,000 489,623
Comcast 3.15% 3/1/26 15,000 15,405
CSC Holdings 5.25% 6/1/24 435,000 373,013
DISH DBS 5.875% 11/15/24 315,000 284,225
Gray Television
     7.50% 10/1/20 590,000 622,450
Midcontinent Communications
     & Midcontinent
     Finance 144A
     6.875% 8/15/23 # 235,000 240,287
Neptune Finco
     144A 6.625% 10/15/25 # 200,000 211,500
     144A
     10.875% 10/15/25 # 200,000 216,500
Nielsen Finance 144A
     5.00% 4/15/22 # 400,000 406,500
Numericable-SFR 144A
     6.00% 5/15/22 # 260,000 258,700
RCN Telecom Services 144A
     8.50% 8/15/20 # 315,000 305,156
Sinclair Television Group
     144A 5.625% 8/1/24 # 720,000 721,800
Sirius XM Radio 144A
     5.375% 4/15/25 # 470,000 470,000
Tribune Media 144A
     5.875% 7/15/22 # 355,000 355,887
Unitymedia 144A
     6.125% 1/15/25 # 200,000 206,750
Univision Communications
     144A 8.50% 5/15/21 # 390,000 393,413
VTR Finance 144A
     6.875% 1/15/24 # 430,000 405,275

(continues)     NQ-DEX [2/16] 4/16 (16285) 11



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

            Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Media (continued)
WideOpenWest Finance
     10.25% 7/15/19 445,000 $ 407,175
  7,788,056
Natural Gas – 0.00%
NiSource Finance
     6.125% 3/1/22 5,000 5,805
  5,805
Real Estate Investment Trusts – 1.19%    
Carey (W.P.) 4.60% 4/1/24 5,000 5,070
CBL & Associates
     4.60% 10/15/24 5,000 4,577
Communications Sales &
     Leasing
     144A 6.00% 4/15/23 # 170,000 164,439
     8.25% 10/15/23 165,000 148,087
Corporate Office Properties
     3.60% 5/15/23 5,000 4,662
     5.25% 2/15/24 10,000 10,343
Crown Castle International
     4.45% 2/15/26 365,000 371,004
DDR
     3.625% 2/1/25 5,000 4,764
     7.50% 4/1/17 5,000 5,278
     7.875% 9/1/20 20,000 24,057
Education Realty Operating
     Partnership
     4.60% 12/1/24 5,000 5,039
Equinix 5.875% 1/15/26 385,000 403,287
ESH Hospitality 144A
     5.25% 5/1/25 # 580,000 565,500
Hospitality Properties Trust
     4.50% 3/15/25 5,000 4,729
Host Hotels & Resorts
     4.50% 2/1/26 5,000 4,994
Iron Mountain
     144A 6.00% 10/1/20 # 180,000 191,250
     6.00% 8/15/23 20,000 21,300
Regency Centers
     5.875% 6/15/17 15,000 15,763
Simon Property Group
     3.30% 1/15/26 5,000 5,066
  1,959,209
Services – 2.49%
ADT 6.25% 10/15/21 385,000 377,300
Ashtead Capital 144A
     6.50% 7/15/22 # 215,000 221,987
Avis Budget Car Rental 144A
     5.25% 3/15/25 # 500,000 444,375
BlueLine Rental Finance 144A
     7.00% 2/1/19 # 295,000 217,563
GEO Group
     5.125% 4/1/23 165,000 158,400
     5.875% 10/15/24 275,000 271,563
GFL Escrow 144A
     9.875% 2/1/21 # 260,000 265,200
Hertz 7.50% 10/15/18 85,000 86,275
Mattamy Group 144A
     6.50% 11/15/20 # 485,000 421,950
Pinnacle Entertainment
     6.375% 8/1/21 205,000 218,581
     7.75% 4/1/22 145,000 158,775
Service International
     5.375% 5/15/24 200,000 213,750
Team Health 144A
     7.25% 12/15/23 # 325,000 342,063
United Rentals North America
     5.50% 7/15/25 130,000 123,825
     5.75% 11/15/24 530,000 519,294
Vander Intermediate Holding
     II 144A PIK 9.75%
     2/1/19 #❆ 165,000 58,163
  4,099,064
Technology – 2.80%
Apple 3.45% 2/9/45 5,000 4,361
CDK Global 4.50% 10/15/24 5,000 4,891
CDW 5.50% 12/1/24 187,000 193,545
CommScope 144A
     5.50% 6/15/24 # 280,000 272,650
CommScope Technologies
     Finance 144A
     6.00% 6/15/25 # 240,000 238,800
Emdeon 144A
     6.00% 2/15/21 # 350,000 326,375
Entegris 144A
     6.00% 4/1/22 # 415,000 421,744
First Data 144A
     7.00% 12/1/23 # 1,106,000 1,108,765
Infor US
     144A 5.75% 8/15/20 # 140,000 141,400
     144A 6.50% 5/15/22 # 375,000 326,250
Micron Technology
     144A 5.25% 1/15/24 # 180,000 151,650
     144A 5.625% 1/15/26 # 80,000 65,000
Microsemi 144A
     9.125% 4/15/23 # 370,000 393,125
National Semiconductor
     6.60% 6/15/17 20,000 21,362

12 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

            Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Technology (continued)
NXP 144A 5.75% 3/15/23 # 395,000 $ 409,813
Oracle 4.30% 7/8/34 25,000 25,634
Sensata Technologies UK
     Financing 144A
     6.25% 2/15/26 # 350,000 371,000
Solera 144A
     10.50% 3/1/24 # 145,000 137,750
  4,614,115
Transportation – 0.49%
Air Canada 2015-1 Class A
     Pass Through Trust 144A
     3.60% 3/15/27 # 5,000 4,781
American Airlines 2014-1
     Class A Pass Through Trust
     3.70% 10/1/26 4,709 4,627
American Airlines 2015-1
     Class A Pass Through Trust
     3.375% 5/1/27 4,899 4,758
Burlington Northern Santa Fe
     4.15% 4/1/45 15,000 14,565
CSX 3.35% 11/1/25 5,000 4,999
ERAC USA Finance 144A
     5.25% 10/1/20 # 15,000 16,559
OPE KAG Finance Sub 144A
     7.875% 7/31/23 # 330,000 321,337
Penske Truck Leasing 144A
     3.30% 4/1/21 # 5,000 4,987
Trinity Industries
     4.55% 10/1/24 @ 10,000 8,546
United Airlines 2014-1 Class
     A Pass Through Trust
     4.00% 4/11/26 4,851 4,967
United Airlines 2014-2 Class
     A Pass Through Trust
     3.75% 9/3/26 5,000 5,037
United Parcel Service
     5.125% 4/1/19 10,000 11,069
XPO Logistics 144A
     6.50% 6/15/22 # 420,000 399,000
  805,232
Utilities – 0.54%
AES 5.50% 4/15/25 345,000 312,225
American Water Capital
     3.40% 3/1/25 5,000 5,248
Calpine
     5.375% 1/15/23 175,000 164,063
     5.50% 2/1/24 205,000 185,525
Enel 144A
     8.75% 9/24/73 #● 200,000 218,000
  885,061
Total Corporate Bonds
(cost $75,189,425) 71,273,680
 
Non-Agency Asset-Backed Securities – 0.02%
Nissan Auto Receivables
     Owner Trust
     Series 2013-C A3
     0.67% 8/15/18 13,118 13,096
     Series 2016-A A2B
     0.777% 2/15/19 ● 25,000 25,003
Total Non-Agency
Asset-Backed Securities
(cost $38,115) 38,099
 
Non-Agency Collateralized Mortgage Obligations – 0.06%
Citicorp Mortgage Securities
     Trust
     Series 2007-1 2A1 5.50%
     1/25/22 @ 4,441 4,436
Citicorp Residential Mortgage
     Trust
     Series 2006-3 A5 5.948%
     11/25/36 ϕ 100,000 99,124
Total Non-Agency
Collateralized Mortgage
Obligations (cost $91,347) 103,560
 
Senior Secured Loans – 3.73%«
Accudyne Industries Borrower
     1st Lien 4.00% 12/13/19 239,407 197,361
Albertson’s Tranche B4 1st
     Lien 5.50% 8/25/21 389,930 380,778
Amaya Holdings 1st Lien
     5.00% 8/1/21 405,000 377,156
Applied Systems 2nd Lien
     7.50% 1/23/22 @ 401,719 370,083
Atkore International 2nd Lien
     7.75% 10/9/21 77,000 70,455
Avago Technologies Cayman
     Finance Tranche B 1st Lien
     4.25% 2/1/23 400,000 394,062
BJ’s Wholesale Club 2nd Lien
     8.50% 3/31/20 @ 420,000 350,437
Blue Ribbon 1st Lien
     5.50% 11/13/21 225,000 222,750

(continues)     NQ-DEX [2/16] 4/16 (16285) 13



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

            Principal       Value
amount° (U.S. $)
Senior Secured Loans« (continued)
Blue Ribbon 2nd Lien
     9.25% 11/13/22 75,000 $ 73,125
Flint Group 2nd Lien
     8.25% 9/7/22 @ 375,000 347,813
FMG Resources August 2006
     Pty 1st Lien
     4.25% 6/30/19 248,791 192,191
Hertz Tranche B2 1st Lien
     3.00% 3/11/18 74,808 73,461
Hilton Worldwide Finance
     Tranche B2
     3.50% 10/25/20 585,000 583,903
KIK Custom Products 1st Lien
     6.00% 8/26/22 @ 184,538 171,927
MacDermid Tranche B 1st Lien
     5.50% 6/7/20 174,563 159,670
Maple Holdings Acquisition
     Tranche B 1st Lien
     5.25% 1/23/23 245,000 240,749
Marina District Tranche B 1st
     Lien 6.50% 8/15/18 324,975 325,720
Mauser Holdings 2nd Lien
     8.75% 7/31/22 @ 184,000 155,020
Microsemi Tranche B 1st Lien
     5.25% 1/15/23 53,382 53,329
Penney (J.C.) 1st Lien
     6.00% 5/22/18 385,026 381,897
PET Acquisition Merger Sub
     Tranche B1 1st Lien
     5.75% 1/15/23 @ 375,000 367,828
Rite Aid 2nd Lien
     5.75% 8/21/20 163,000 163,407
Solera Holdings Tranche B 1st
     Lien 5.75% 2/28/23 140,000 135,800
Stardust Finance Holdings
     Tranche B 1st Lien
     6.50% 3/13/22 @ 375,000 342,656
Total Senior Secured Loans
(cost $6,382,833) 6,131,578
 
Sovereign Bonds – 3.67%Δ
Indonesia – 2.68%
Indonesia Government
     International Bonds
     144A 5.125% 1/15/45 # 1,000,000 951,493
     6.625% 2/17/37 1,350,000 1,471,210
     144A 6.75% 1/15/44 # 1,800,000 1,994,270
  4,416,973
Mexico – 0.99%
Mexico Government
     International Bond
     3.60% 1/30/25 1,632,000 1,627,920
  1,627,920
Total Sovereign Bonds
(cost $6,502,337) 6,044,893
 
U.S. Treasury Obligations – 0.95%
U.S. Treasury Bond
     3.00% 11/15/45 120,000 129,647
U.S. Treasury Notes
     1.375% 1/31/21 290,000 291,903
     2.25% 11/15/25 1,095,000 1,143,804
Total U.S. Treasury
Obligations
(cost $1,518,704) 1,565,354
 
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
Master Limited Partnership – 0.19%
Ares Management 9,000 107,100
Brookfield Infrastructure
     Partners 5,400 203,310
Total Master Limited
Partnership (cost $322,709) 310,410
 
Preferred Stock – 1.18%
Bank of America 6.50% ● 760,000 776,150
Freddie Mac 6.02% 40,000 100,800
General Electric 5.00% ● 10,000 10,163
GMAC Capital Trust I
     6.402% ● 12,000 291,120
Integrys Energy Group
     6.00% @● 300 7,669
Morgan Stanley 5.55% ● 610,000 592,463
Northstar Realty Finance
     8.50% 3,580 74,822

14 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

Number of       Value
  shares (U.S. $)
Preferred Stock (continued)
     Vornado Realty Trust 6.625% 3,700 $ 95,460
Total Preferred Stock
     (cost $2,920,967) 1,948,647
 
Rights – 0.02%
     Safeway CVR =† 23,200 23,546
     Safeway CVR =† 23,200 1,132
Total Rights (cost $0) 24,678
 
Warrant – 0.00%
     Wheeler Real Estate
          Investment Trust strike
          price $5.50, expiration
          date 4/29/19 † 12,540 315
Total Warrant (cost $104) 315
 
Principal
amount°
Short-Term Investments – 2.94%
Discount Notes – 1.53%≠
     Federal Home Loan Bank
          0.18% 3/7/16 166,944 166,936
          0.19% 3/22/16 181,437 181,408
          0.303% 3/2/16 71,452 71,452
          0.31% 3/14/16 189,569 189,550
          0.32% 4/13/16 207,661 207,583
          0.33% 4/22/16 326,136 325,988
          0.335% 5/2/16 393,779 393,549
          0.375% 5/18/16 486,412 486,053
          0.387% 5/27/16 489,445 489,043
  2,511,562
Repurchase Agreements – 1.41%
     Bank of America Merrill Lynch
          0.24%, dated 2/29/16, to
          be repurchased on 3/1/16,
          repurchase price $705,163
          (collateralized by U.S.
          government obligations
          0.00% 11/15/18–5/15/26;
          market value $719,262) 705,159 705,159
     Bank of Montreal
          0.28%, dated 2/29/16, to
          be repurchased on 3/1/16,
          repurchase price
          $1,175,274 (collateralized
          by U.S. government
          obligations
          0.00%–8.75%
          4/15/16–2/15/44; market  
          value $1,198,770) 1,175,264 1,175,264
     BNP Paribas
          0.29%, dated 2/29/16, to
          be repurchased on 3/1/16,
          repurchase price $446,581  
          (collateralized by
          U.S. government  
          obligations 0.00%–4.50%
          10/31/19–2/15/43;
          market value $455,509) 446,577 446,577
  2,327,000
Total Short-Term
     Investments
     (cost $4,838,474) 4,838,562
 
Total Value of
     Securities – 144.37%
     (cost $248,844,434) 237,608,016
 
Borrowing Under Line of
     Credit – (45.57%) (75,000,000 )
Receivables and Other
     Assets Net of
     Liabilities – 1.20% 1,973,516
Net Assets Applicable to
     15,863,616 Shares
     Outstanding – 100.00% $ 164,581,532
____________________

#

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Feb. 29, 2016, the aggregate value of Rule 144A securities was $47,462,797, which represents 28.84% of the Fund’s net assets.

@

Illiquid security. At Feb. 29, 2016, the aggregate value of illiquid securities was $13,953,650, which represents 8.48% 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.

(continues)     NQ-DEX [2/16] 4/16 (16285) 15



Schedule of investments

Delaware Enhanced Global Dividend and Income Fund (Unaudited)

100% of the income received was in the form of cash.

Includes $1,812 cash collateral for swap contracts as of Feb. 29, 2016.

=

Security is being fair valued in accordance with the Fund’s fair valuation policy. At Feb. 29, 2016,the aggregate value of fair valued securities was $24,678, which represents 0.01% 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.

Non-income-producing security.

Variable rate security. The rate shown is the rate as of Feb. 29, 2016. 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 Feb. 29, 2016.
ϕ

Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Feb. 29, 2016.

The following swap contract was outstanding at Feb. 29, 2016:

Swap Contract
CDS Contract1

Swap Annual Upfront Unrealized
       Referenced       Notional       Protection       Termination       Payment       Appreciation
Counterparty Obligation Value2 Payments Date Received (Depreciation)3
Protection Purchased:
JPMC - iTraxx Europe
ICE Crossover Series 24.14 EUR      20,000 5.00% 12/20/20 $ 1,800 964

The use of swap contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The notional value 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 daily as unrealized appreciation or depreciation. 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.

2Notional value shown is stated in U.S. Dollars unless noted that the swap is denominated in another currency.

3Unrealized appreciation (depreciation) does not include periodic interest payments on swap contracts accrued daily in the amount of $(1,417).

4Markit’s iTraxx® Europe Crossover index is composed of up to fifty (50) European entities with non-investment grade credit ratings that trade in the CDS market.

Summary of abbreviations:
ADR – American Depositary Receipt
ARM – Adjustable Rate Mortgage
CDS – Credit Default Swap
CVA – Dutch Certificate
CVR – Contingent Value Rights
ETN – Exchange-Traded Note
EUR – European Monetary Unit
FDR – Finnish Depositary Receipt
GNMA – Government National Mortgage Association
ICE – Intercontinental Exchange, Inc.
JPMC – JPMorgan Chase Bank
PIK – Payment-in-kind
REIT – Real Estate Investment Trust
REMIC – Real Estate Mortgage Investment Conduit
S.F. – Single Family
yr – Year

16 NQ-DEX [2/16] 4/16 (16285)



Notes

Delaware Enhanced Global Dividend and Income Fund
February 29, 2016 (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. 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. 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 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. 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

At Feb. 29, 2016, the cost of investments for federal income tax purposes has been estimated since final tax characteristics cannot be determined until fiscal year end. At Feb. 29, 2016, the cost of investments and unrealized appreciation (depreciation) for the Fund were as follows:

Cost of investments $ 248,844,434
Aggregate unrealized appreciation of investments $ 21,764,595  
Aggregate unrealized depreciation of investments (33,001,013 )
Net unrealized depreciation of investments $ (11,236,418 )

(continues)     NQ-DEX [2/16] 4/16 (16285) 17



(Unaudited)

2. Investments (continued)

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)

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.

18 NQ-DEX [2/16] 4/16 (16285)



(Unaudited)

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Feb. 29, 2016:

Securities         Level 1       Level 2       Level 3       Total
Common Stock
     Consumer Discretionary $ 3,025,008 $ 11,801,999 $ $ 14,827,007
     Consumer Staples 4,723,799 8,061,713 12,785,512
     Diversified REITs 860,437 444,640 1,305,077
     Energy 6,104,038 2,238,621 8,342,659
     Financials 3,023,036 11,275,809 14,298,845
     Healthcare 8,488,488 6,242,981 14,731,469
     Healthcare REITs 239,121 239,121
     Hotel REITs 782,416 782,416
     Industrial REITs 377,564 228,145 605,709
     Industrials 1,825,140 13,760,027 15,585,167
     Information Technology 7,475,289 2,839,463 10,314,752
     Mall REITs 1,423,891 1,423,891
     Manufactured Housing REIT 221,425 221,425
     Materials 1,808,753 2,592,934 4,401,687
     Mixed REITs 273,448 273,448
     Mortgage REITs 428,332 428,332
     Multifamily REITs 648,385 177,423 825,808
     Office REITs 2,236,830 351,070 2,587,900
     Self-Storage REITs 277,169 277,169
     Shopping Center REITs 1,368,637 710,442 2,079,079
     Single Tenant REIT 243,746 243,746
     Specialty REITs 316,389 316,389
     Telecommunications 3,019,490 4,331,680 7,351,170
     Utilities 1,222,488 977,444 2,199,932
Convertible Preferred Stock1 4,327,411 4,769 4,332,180
Exchange-Traded Note 155,313 155,313
Agency, Asset-Backed and
     Mortgage-Backed Securities 835,242 835,242
Corporate Debt 94,973,134 94,973,134
Foreign Debt 6,044,893 6,044,893
Senior Secured Loans 6,131,578 6,131,578
Master Limited Partnership 310,410 310,410
Preferred Stock1 469,071 1,479,576 1,948,647
Rights 24,678 24,678
Warrant 315 315
U.S. Treasury Obligations 1,565,354 1,565,354
Short-Term Investments 4,838,562 4,838,562
Total Value of Securities $ 55,675,839 $ 181,907,499 $ 24,678 $ 237,608,016
 
Swap Contract $ $ 964 $ $ 964

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

(continues)     NQ-DEX [2/16] 4/16 (16285) 19



(Unaudited)

2. Investments (continued)

1 Security 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 99.89% 0.11% 100.00%
Preferred Stock 24.07% 75.93% 100.00%

As a result of utilizing international fair value pricing at Feb. 29, 2016, the majority of the Fund’s common stock was categorized as Level 2.

During the period ended Feb. 29, 2016, 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.

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 Feb. 29, 2016 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

20 NQ-DEX [2/16] 4/16 (16285)



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: