Delaware Enhanced Global Dividend & Income Fund (Form: N-CSRS, Received: 08/05/2022 07:48:03)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

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:	610 Market Street Philadelphia, PA 19106

Name and address of agent for service:	David F. Connor, Esq. 610 Market Street Philadelphia, PA 19106

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

Date of fiscal year end:	November 30

Date of reporting period:	May 31, 2022

Item 1. Reports to Stockholders

Table of Contents



		Semiannual report

Closed-end fund

Delaware Enhanced Global Dividend and Income Fund

May 31, 2022

The figures in the semiannual report for Delaware Enhanced Global Dividend and Income Fund represent past results, which are not a guarantee of future results. A rise or fall in interest rates can have a significant impact on bond prices. Funds that invest in bonds can lose their value as interest rates rise.

Table of Contents

Table of contents

Security type / sector and country allocations		1
Schedule of investments		3
Statement of assets and liabilities		16
Statement of operations		17
Statements of changes in net assets		18
Statement of cash flows		19
Financial highlights		20
Notes to financial statements		21
Other Fund information.		34
About the organization		46

Delaware Enhanced Global Dividend and Income Fund (“DEX” or the “Fund”), acting pursuant to a Securities and Exchange Commission (“SEC”) exemptive order and with the approval of the Fund’s Board of Trustees (the “Board”), has adopted a managed distribution policy (the “Plan”). The Fund currently makes monthly distributions to common shareholders at a targeted annual distribution rate of 7% of the Fund’s average net asset value (“NAV”) per share. The Fund will calculate the average NAV per share from the previous three full months immediately prior to the distribution based on the number of business days in those three months on which the NAV is calculated. The distribution will be calculated as 7% of the prior three months’ average NAV per share, divided by 12. This distribution methodology is intended to provide shareholders with a consistent, but not guaranteed, income stream and a targeted annual distribution rate and is intended to narrow any discount between the market price and the NAV of the Fund’s common shares, but there is no assurance that the policy will be successful in doing so.

Under the Plan, the Fund is managed with a goal of generating as much of the distribution as possible from net investment income and short-term capital gains. The balance of the distribution will then come from long-term capital gains to the extent permitted, and if necessary, a return of capital. The Fund will generally distribute amounts necessary to satisfy the terms of the Fund’s Plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code (the “Code”). Each monthly distribution to shareholders is expected to be at the fixed percentage described above, except for extraordinary distributions and potential distribution rate increases or decreases to enable the Fund to comply with the distribution requirements imposed by the Code.

The Board may amend, suspend, or terminate the Fund’s Plan at any time without prior notice if it deems such action to be in the best interest of the Fund or its shareholders. The methodology for determining monthly distributions under the Plan will be reviewed at least annually by the Fund’s Board, and the Fund will continue to evaluate its distribution in light of ongoing market conditions. The suspension or termination of the Plan could have the effect of creating a trading discount (if the Fund’s stock is trading at or above NAV) or widening an existing trading discount. The Fund is subject to risks that could have an adverse impact on its ability to maintain distributions under the Plan. Examples of potential risks include, but are not limited to, economic downturns impacting the markets, increased market volatility, portfolio companies suspending or decreasing corporate dividend distributions, and changes in the Code.

Shareholders should not draw any conclusions about the Fund’s investment performance from the amounts of these distributions or from the terms of the Plan. The Fund’s total investment return on NAV is presented in its financial highlights table.

A cumulative summary of the Section 19(a) notices for the Fund’s current fiscal period, if applicable, is included in Other Fund Information. Section 19(a) notices for the Fund, as applicable, are available on the Fund’s website at delawarefunds.com/about/press-releases-closed-end.

Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is a full-service asset manager offering a diverse range of products across public and private markets including fixed income, equities, multi-asset solutions, private credit, infrastructure, renewables, natural assets, real estate, and asset finance. The Public Investments business is a part of MAM and includes the following investment advisers: Macquarie Investment Management Business Trust (MIMBT), Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Global Limited, Macquarie Investment Management Europe Limited, and Macquarie Investment Management Europe S.A. For more information, including press releases, please visit delawarefunds.com/closed-end.

Unless otherwise noted, views expressed herein are current as of May 31, 2022, and subject to change for events occurring after such date.

The Fund is not FDIC insured and is not guaranteed. It is possible to lose the principal amount invested.

Advisory services provided by Delaware Management Company, a series of MIMBT, a US registered investment advisor.

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

The Fund is governed by US laws and regulations.

All third-party marks cited are the property of their respective owners.

© 2022 Macquarie Management Holdings, Inc.

Table of Contents

Security type / sector and country allocations
Delaware Enhanced Global Dividend and Income Fund

As of May 31, 2022 (Unaudited)

Sector designations may be different from the sector designations presented in other Fund materials. The sector designations may represent the investment manager’s internal sector classifications.

	Percentage
Security type / sector	of net assets
Convertible Bonds	11.84	%
Basic Industry	0.22	%
Capital Goods	0.27	%
Communications	1.31	%
Consumer Cyclical	0.76	%
Consumer Non-Cyclical	3.09	%
Electric	0.43	%
Energy	0.42	%
Financials	0.81	%
Industrials	0.55	%
Real Estate Investment Trusts	0.42	%
Technology	2.72	%
Transportation	0.84	%
Corporate Bonds	39.06	%
Automotive	1.17	%
Banking	1.36	%
Basic Industry	3.51	%
Capital Goods	2.20	%
Communications	2.35	%
Consumer Cyclical	3.67	%
Consumer Non-Cyclical	1.08	%
Electric	0.16	%
Energy	5.77	%
Financials	1.69	%
Healthcare	2.95	%
Insurance	1.22	%
Media	3.87	%
Natural Gas	0.37	%
Real Estate	0.21	%
Retail	1.73	%
Services	1.97	%
Technology & Electronics	0.44	%
Transportation	1.78	%
Utilities	1.56	%
Sovereign Bonds	6.28	%
Albania	0.15	%
Angola	0.17	%
Armenia	0.14	%
Brazil	0.18	%
Chile	0.10	%
Colombia	0.43	%
Dominican Republic	0.62	%
Honduras	0.24	%
Indonesia	0.13	%
Ivory Coast	0.59	%
Morocco	0.48	%
North Macedonia	0.16	%
Pakistan	0.11	%
Panama	0.23	%
Paraguay	0.68	%
Peru	0.38	%
Senegal	0.25	%
South Africa	0.48	%
Uruguay	0.17	%
Uzbekistan	0.59	%
Supranational Banks	0.74	%
Common Stocks	66.43	%
Communication Services	5.73	%
Consumer Discretionary	9.37	%
Consumer Staples	13.37	%
Energy	2.73	%
Financials	3.58	%
Healthcare	10.52	%
Industrials	5.07	%
Information Technology	11.92	%
Materials	3.18	%
Media	0.00	%
Real Estate	0.36	%
Utilities	0.60	%
Convertible Preferred Stock	2.37	%
Exchange-Traded Funds	0.92	%
Leveraged Non-Recourse Security	0.00	%
Short-Term Investments	3.55	%
Total Value of Securities	131.19	%
Borrowings Under Line of Credit	(31.84	%)
Receivables and Other Assets Net of Liabilities	0.65	%
Total Net Assets	100.00	%

(continues) 1

Table of Contents

Security type / sector and country allocations
Delaware Enhanced Global Dividend and Income Fund

	Percentage
Country^*	of net assets
Albania	0.15	%
Angola	0.17	%
Armenia	0.14	%
Australia	0.08	%
Brazil	0.93	%
Canada	1.07	%
Chile	1.14	%
China	2.22	%
Colombia	0.76	%
Denmark	1.97	%
Dominican Republic	0.62	%
France	7.58	%
Georgia	0.19	%
Germany	6.12	%
Guatemala	0.18	%
Honduras	0.24	%
Hong Kong	0.65	%
India	1.53	%
Indonesia	0.84	%
Ivory Coast	0.59	%
Jamaica	0.18	%
Japan	5.06	%
Kazakhstan	0.50	%
Kuwait	0.20	%
Luxembourg	0.20	%
Mexico	1.14	%
Morocco	0.64	%
Netherlands	1.67	%
North Macedonia	0.16	%
Pakistan	0.11	%
Panama	0.38	%
Paraguay	0.97	%
Peru	0.60	%
Puerto Rico	0.50	%
Qatar	0.36	%
Republic of Korea	2.33	%
Russia	0.02	%
Senegal	0.25	%
South Africa	0.48	%
Spain	2.47	%
Supranational	0.74	%
Sweden	3.81	%
Switzerland	6.31	%
Taiwan	1.70	%
Tanzania	0.16	%
Thailand	0.05	%
Turkey	0.03	%
United Arab Emirates	0.19	%
United Kingdom	5.89	%
United States	62.28	%
Uruguay	0.17	%
Uzbekistan	0.59	%
Zambia	0.33	%
Total	127.64	%

^*	Allocation includes all investments except for short-term.

The percentage of net assets exceeds 100.00% because the Fund utilizes a line of credit with The Bank of New York Mellon, as described in Note 5 in “Notes to financial statements.” The Fund utilizes leveraging techniques in an attempt to obtain a higher return for the Fund. There is no assurance that the Fund will achieve its investment objectives through the use of such techniques.

Table of Contents

Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

May 31, 2022 (Unaudited)

			Principal
			amount^°	Value (US $)
Convertible Bonds – 11.84%~
Basic Industry – 0.22%
	Ivanhoe Mines 144A
		2.50% exercise price
		$7.43, maturity date
		4/15/26 #	189,000	$	237,573
					237,573
Capital Goods – 0.27%
	Kaman 3.25% exercise
		price $65.26, maturity
		date 5/1/24	306,000		293,760
					293,760
Communications – 1.31%
	Cable One 1.125%
		exercise price
		$2,275.83, maturity date
		3/15/28	476,000		405,552
	DISH Network 3.375%
		exercise price $65.17,
		maturity date 8/15/26	567,000		428,842
	Liberty Broadband 144A
		1.25% exercise price
		$900.01, maturity date
		9/30/50 #	406,000		384,757
	Liberty Latin America
		2.00% exercise price
		$20.65, maturity date
		7/15/24	203,000		182,171
					1,401,322
Consumer Cyclical – 0.76%
	Cheesecake Factory
		0.375% exercise price
		$77.83, maturity date
		6/15/26	587,000		479,097
	Ford Motor 0.00% exercise
		price $17.31, maturity
		date 3/15/26 ^	249,000		260,703
	fuboTV 3.25% exercise
		price $57.78, maturity
		date 2/15/26	256,000		79,360
					819,160
Consumer Non-Cyclical – 3.09%
	BioMarin Pharmaceutical
		0.599% exercise price
		$124.67, maturity date
		8/1/24	216,000		213,516
	Chefs' Warehouse 1.875%
		exercise price $44.20,
		maturity date 12/1/24	507,000		554,507
	Chegg 4.266% exercise
		price $107.55, maturity
		date 9/1/26 ^	621,000		484,380
	Coherus Biosciences
		1.50% exercise price
		$19.26, maturity date
		4/15/26	344,000		241,491
	Collegium Pharmaceutical
		2.625% exercise price
		$29.19, maturity date
		2/15/26	288,000		243,936
	Integra
		LifeSciences Holdings
		0.50% exercise price
		$73.67, maturity date
		8/15/25	407,000		421,576
	Ionis Pharmaceuticals
		0.125% exercise price
		$83.28, maturity date
		12/15/24	322,000		283,521
	Jazz Investments I 2.00%
		exercise price $155.81,
		maturity date 6/15/26	164,000		191,200
	Neurocrine Biosciences
		2.25% exercise price
		$75.92, maturity date
		5/15/24	106,000		138,150
	Paratek Pharmaceuticals
		4.75% exercise price
		$15.90, maturity date
		5/1/24	624,000		538,637
					3,310,914
Electric – 0.43%
	NextEra Energy Partners
		144A 0.357% exercise
		price $75.95, maturity
		date 11/15/25 #, ^	143,000		146,289
	NRG Energy 2.75%
		exercise price $44.15,
		maturity date 6/1/48	262,000		316,496
					462,785

Table of Contents

Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

			Principal
			amount^°	Value (US $)
Convertible Bonds~ (continued)
Energy – 0.42%
	Helix Energy Solutions
		Group 6.75% exercise
		price $6.97, maturity
		date 2/15/26	409,000	$	445,728
					445,728
Financials – 0.81%
	FTI Consulting 2.00%
		exercise price $101.38,
		maturity date 8/15/23	233,000		393,118
	Repay Holdings 144A
		2.575% exercise price
		$33.60, maturity date
		2/1/26 #, ^	609,000		475,020
					868,138
Industrials – 0.55%
	Chart Industries 144A
		1.00% exercise price
		$58.73, maturity date
		11/15/24 #	175,000		529,171
	Danimer Scientific 144A
		3.25% exercise price
		$10.79, maturity date
		12/15/26 #	78,000		54,678
					583,849
Real Estate Investment Trusts – 0.42%
	Blackstone Mortgage Trust
		4.75% exercise price
		$36.23, maturity date
		3/15/23	333,000		335,997
	Summit Hotel Properties
		1.50% exercise price
		$11.99, maturity date
		2/15/26	124,000		116,684
					452,681
Technology – 2.72%
	Block 0.125% exercise
		price $121.01, maturity
		date 3/1/25	226,000		243,091
	InterDigital 144A 3.50%
		exercise price $77.49,
		maturity date 6/1/27 #	491,000		522,178
	Microchip Technology
		1.625% exercise price
		$46.43, maturity date
		2/15/27	171,000		353,970
	ON Semiconductor
		1.625% exercise price
		$20.72, maturity date
		10/15/23	172,000		505,878
	Palo Alto Networks 0.75%
		exercise price $266.35,
		maturity date 7/1/23	189,000		361,399
	Quotient Technology
		1.75% exercise price
		$17.36, maturity date
		12/1/22	260,000		247,988
	RingCentral 4.55%
		exercise price $360.43,
		maturity date 3/1/25 ^	343,000		294,980
	Vishay Intertechnology
		2.25% exercise price
		$31.30, maturity date
		6/15/25	250,000		245,666
	Wolfspeed 144A 0.25%
		exercise price $127.22,
		maturity date 2/15/28 #	156,000		139,491
					2,914,641
Transportation – 0.84%
	Seaspan 144A 3.75%
		exercise price $13.01,
		maturity date 12/15/25 #	352,000		406,208
	Spirit Airlines 1.00%
		exercise price $49.07,
		maturity date 5/15/26	567,000		493,574
					899,782
Total Convertible Bonds
	(cost $12,361,477)				12,690,333

Corporate Bonds – 39.06%~
Automotive – 1.17%
	Allison Transmission 144A
		5.875% 6/1/29 #	580,000		582,448
	Ford Motor Credit 3.375%
		11/13/25	495,000		474,507
	Goodyear Tire & Rubber
		5.25% 7/15/31	220,000		200,607
					1,257,562
Banking – 1.36%
	Banco Continental 144A
		2.75% 12/10/25 #	200,000		179,260

Table of Contents

				Principal
				amount^°	Value (US $)
Corporate Bonds~ (continued)
Banking (continued)
	Banco Nacional de
		Panama 144A 2.50%
		8/11/30 #		200,000	$	164,400
	BBVA Bancomer 144A
		5.125% 1/18/33 #, µ		200,000		179,578
	Development Bank of
		Kazakhstan 144A
		10.95% 5/6/26 #	KZT	100,000,000		183,752
	NBK SPC 144A 1.625%
		9/15/27 #, µ		240,000		216,349
	Popular 6.125% 9/14/23			530,000		538,480
						1,461,819
Basic Industry – 3.51%
	AngloGold Ashanti
		Holdings 3.75%
		10/1/30		200,000		173,540
	Antofagasta 144A 5.625%
		5/13/32 #		200,000		204,450
	Avient 144A 5.75%
		5/15/25 #		153,000		154,858
	Boise Cascade 144A
		4.875% 7/1/30 #		13,000		12,086
	Chemours 144A 5.75%
		11/15/28 #		285,000		281,704
	Corp Nacional del Cobre
		de Chile 144A 3.15%
		1/14/30 #		250,000		227,199
	First Quantum Minerals
		144A 7.50% 4/1/25 #		345,000		348,301
	Freeport-McMoRan 5.45%
		3/15/43		325,000		320,105
	INEOS Quattro Finance
		2 144A 3.375%
		1/15/26 #		400,000		370,974
	Koppers 144A 6.00%
		2/15/25 #		394,000		380,953
	New Gold 144A 7.50%
		7/15/27 #		275,000		257,987
	Novelis 144A 4.75%
		1/30/30 #		280,000		266,055
	OCP 144A 3.75%
		6/23/31 #		200,000		166,546
	Olin
		5.00% 2/1/30		310,000		302,797
		5.125% 9/15/27		293,000		293,634
						3,761,189
Capital Goods – 2.20%
	Ardagh Packaging Finance
		144A 5.25% 8/15/27 #		330,000		276,142
	Cemex 144A 5.20%
		9/17/30 #		200,000		188,120
	Intertape Polymer Group
		144A 4.375% 6/15/29 #		320,000		329,800
	Madison IAQ 144A 5.875%
		6/30/29 #		240,000		188,208
	Sealed Air 144A 5.00%
		4/15/29 #		215,000		213,818
	Terex 144A 5.00%
		5/15/29 #		330,000		307,907
	TK Elevator US Newco
		144A 5.25% 7/15/27 #		465,000		454,012
	TransDigm 144A 6.25%
		3/15/26 #		233,000		237,306
	UltraTech Cement 144A
		2.80% 2/16/31 #		200,000		164,346
						2,359,659
Communications – 2.35%
	Altice France 144A 5.50%
		10/15/29 #		420,000		365,131
	Altice France Holding
		144A 6.00% 2/15/28 #		255,000		213,500
	Consolidated
		Communications
		144A 5.00% 10/1/28 #		135,000		118,421
		144A 6.50% 10/1/28 #		205,000		178,272
	Digicel International
		Finance 144A 8.75%
		5/25/24 #		200,000		190,637
	Frontier Communications
		Holdings
		144A 5.875%
		10/15/27 #		295,000		289,445
		144A 6.75% 5/1/29 #		240,000		211,935
	Millicom International
		Cellular 144A 4.50%
		4/27/31 #		200,000		173,033
	Ooredoo International
		Finance 144A 5.00%
		10/19/25 #		200,000		207,635
	Sprint Capital 6.875%
		11/15/28		20,000		22,650
	T-Mobile USA
		2.625% 4/15/26		155,000		146,533
		3.375% 4/15/29		155,000		143,829
		3.50% 4/15/31		111,000		101,496
	VTR Comunicaciones
		144A 4.375% 4/15/29 #		200,000		153,515
						2,516,032

Table of Contents

Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

			Principal
			amount^°	Value (US $)
Corporate Bonds~ (continued)
Consumer Cyclical – 3.67%
	Boyd Gaming 4.75%
		12/1/27	306,000	$	297,974
	Caesars Entertainment
		144A 6.25% 7/1/25 #	535,000		542,608
	Carnival
		144A 5.75% 3/1/27 #	550,000		488,934
		144A 7.625% 3/1/26 #	400,000		375,776
	Hilton Domestic Operating
		144A 4.00% 5/1/31 #	220,000		202,004
	Hilton Worldwide Finance
		4.875% 4/1/27	355,000		357,698
	Hutama Karya Persero
		144A 3.75% 5/11/30 #	400,000		379,942
	Royal Caribbean Cruises
		144A 5.50% 4/1/28 #	639,000		540,405
	Scientific Games
		International 144A
		7.25% 11/15/29 #	190,000		189,126
	Six Flags Entertainment
		144A 4.875% 7/31/24 #	170,000		167,270
	Wyndham Hotels &
		Resorts 144A 4.375%
		8/15/28 #	413,000		390,774
					3,932,511
Consumer Non-Cyclical – 1.08%
	Central American Bottling
		144A 5.25% 4/27/29 #	200,000		191,178
	JBS USA LUX
		144A 6.50% 4/15/29 #	295,000		299,782
		144A 6.75% 2/15/28 #	35,000		36,169
	Pilgrim's Pride 144A
		4.25% 4/15/31 #	215,000		199,480
	Post Holdings
		144A 5.625% 1/15/28 #	325,000		322,563
		144A 5.75% 3/1/27 #	100,000		102,149
					1,151,321
Electric – 0.16%
	Azure Power Energy 144A
		3.575% 8/19/26 #	192,740		173,466
					173,466
Energy – 5.77%
	Ascent Resources Utica
		Holdings
		144A 5.875% 6/30/29 #	260,000		249,426
		144A 7.00% 11/1/26 #	125,000		125,484
	Callon Petroleum 144A
		8.00% 8/1/28 #	280,000		288,971
	CNX Midstream Partners
		144A 4.75% 4/15/30 #	120,000		107,229
	CNX Resources
		144A 6.00% 1/15/29 #	285,000		283,718
		144A 7.25% 3/14/27 #	135,000		141,453
	Crestwood Midstream
		Partners 144A 6.00%
		2/1/29 #	303,000		286,494
	EQM Midstream Partners
		144A 4.75% 1/15/31 #	425,000		369,508
	Galaxy Pipeline Assets
		Bidco 144A 2.16%
		3/31/34 #	235,411		206,780
	Genesis Energy
		7.75% 2/1/28	400,000		386,120
		8.00% 1/15/27	295,000		291,488
	Geopark 144A 5.50%
		1/17/27 #	200,000		181,000
	Hilcorp Energy I
		144A 6.00% 4/15/30 #	240,000		233,840
		144A 6.25% 4/15/32 #	50,000		48,834
	Murphy Oil 6.375%
		7/15/28	485,000		498,580
	NuStar Logistics
		5.625% 4/28/27	327,000		328,710
		6.00% 6/1/26	69,000		69,730
	Occidental Petroleum
		6.45% 9/15/36	125,000		140,000
		6.60% 3/15/46	340,000		384,642
		6.625% 9/1/30	170,000		190,791
	PDC Energy 5.75%
		5/15/26	328,000		329,786
	Qatar Energy 144A 2.25%
		7/12/31 #	200,000		177,804
	Southwestern Energy
		5.375% 2/1/29	35,000		35,291
		5.375% 3/15/30	155,000		157,120
		7.75% 10/1/27	180,000		190,260
	Tengizchevroil Finance Co.
		International 144A
		2.625% 8/15/25 #	400,000		353,200
	Weatherford International
		144A 8.625% 4/30/30 #	135,000		129,303
					6,185,562
Financials – 1.69%
	Ally Financial 8.00%
		11/1/31	205,000		240,997
	Bank of Georgia JSC 144A
		6.00% 7/26/23 #	200,000		200,684
	Castlelake Aviation
		Finance DAC 144A
		5.00% 4/15/27 #	320,000		276,277

Table of Contents

			Principal
			amount^°		Value (US $)
Corporate Bonds~ (continued)
Financials (continued)
	Corp Inmobiliaria Vesta
		144A 3.625% 5/13/31 #	200,000	$	166,420
	Hightower Holding 144A
		6.75% 4/15/29 #	180,000		152,213
	Midcap Financial Issuer
		Trust 144A 6.50%
		5/1/28 #	405,000		345,841
	MSCI 144A 3.625%
		11/1/31 #	265,000		240,428
	XP 144A 3.25% 7/1/26 #		200,000		182,374
					1,805,234
Healthcare – 2.95%
	Bausch Health 144A
		6.25% 2/15/29 #	510,000		317,855
	Centene 4.625% 12/15/29		205,000		202,331
	Cheplapharm Arzneimittel
		144A 5.50% 1/15/28 #	210,000		190,113
	Community Health
		Systems 144A 4.75%
		2/15/31 #	180,000		145,546
	DaVita 144A 4.625%
		6/1/30 #	245,000		213,326
	Encompass Health 5.75%
		9/15/25	361,000		365,455
	HCA
		5.875% 2/15/26	136,000		142,971
		7.58% 9/15/25	159,000		172,872
	ModivCare Escrow Issuer
		144A 5.00% 10/1/29 #	220,000		199,417
	Ortho-Clinical
		Diagnostics 144A
		7.25% 2/1/28 #	138,000		146,300
	Service Corp International
		4.00% 5/15/31	515,000		479,594
	Tenet Healthcare
		144A 4.25% 6/1/29 #	295,000		277,565
		144A 6.125% 10/1/28 #	310,000		303,149
					3,156,494
Insurance – 1.22%
	HUB International 144A
		5.625% 12/1/29 #	305,000		284,975
	NFP 144A 6.875%
		8/15/28 #	240,000		209,625
	Sagicor Financial 144A
		5.30% 5/13/28 #	200,000		192,231
	USI 144A 6.875% 5/1/25 #		632,000		622,831
					1,309,662
Media – 3.87%
	AMC Networks 4.25%
		2/15/29	655,000		600,337
	CCO Holdings
		144A 4.50% 8/15/30 #	310,000		280,375
		4.50% 5/1/32	70,000		61,681
		144A 5.125% 5/1/27 #	205,000		202,328
		144A 5.375% 6/1/29 #	235,000		228,584
	CSC Holdings
		144A 3.375% 2/15/31 #	480,000		390,118
		144A 5.00% 11/15/31 #	325,000		256,847
	Cumulus Media New
		Holdings 144A 6.75%
		7/1/26 #	190,000		185,112
	Directv Financing 144A
		5.875% 8/15/27 #	225,000		212,564
	Gray Television 144A
		4.75% 10/15/30 #	610,000		537,084
	Nielsen Finance
		144A 4.50% 7/15/29 #	75,000		71,039
		144A 4.75% 7/15/31 #	250,000		239,959
	Sirius XM Radio 144A
		4.00% 7/15/28 #	490,000		455,124
	Terrier Media Buyer 144A
		8.875% 12/15/27 #	265,000		240,953
	VZ Secured Financing
		144A 5.00% 1/15/32 #	200,000		181,294
					4,143,399
Natural Gas – 0.37%
	ENN Energy Holdings
		144A 4.625% 5/17/27 #	200,000		204,538
	Infraestructura Energetica
		Nova 144A 3.75%
		1/14/28 #	200,000		186,415
					390,953
Real Estate – 0.21%
	VICI Properties
		144A 3.875% 2/15/29 #	35,000		31,509
		144A 5.75% 2/1/27 #	195,000		194,832
					226,341
Retail – 1.73%
	Asbury Automotive Group
		144A 4.625%
		11/15/29 #	285,000		263,540
		4.75% 3/1/30	135,000		122,810
	Bath & Body Works
		6.875% 11/1/35	300,000		272,453
		6.95% 3/1/33	199,000		175,427
	CP Atlas Buyer 144A
		7.00% 12/1/28 #	115,000		94,512
	Levi Strauss & Co. 144A
		3.50% 3/1/31 #	262,000		230,577

Table of Contents

Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

				Principal
				amount^°	Value (US $)
Corporate Bonds~ (continued)
Retail (continued)
	LSF9 Atlantis Holdings
		144A 7.75% 2/15/26 #		210,000	$	172,559
	Murphy Oil USA 144A
		3.75% 2/15/31 #		270,000		245,574
	PetSmart 144A 7.75%
		2/15/29 #		290,000		273,387
						1,850,839
Services – 1.97%
	Aramark Services 144A
		5.00% 2/1/28 #		435,000		424,243
	GFL Environmental 144A
		3.75% 8/1/25 #		105,000		102,257
	Iron Mountain 144A 4.50%
		2/15/31 #		565,000		507,617
	NESCO Holdings II 144A
		5.50% 4/15/29 #		205,000		185,365
	Prime Security Services
		Borrower 144A 5.75%
		4/15/26 #		405,000		401,049
	United Rentals North
		America 3.875%
		2/15/31		270,000		245,597
	Univar Solutions USA
		144A 5.125% 12/1/27 #		250,000		245,214
						2,111,342
Technology & Electronics – 0.44%
	Go Daddy Operating 144A
		3.50% 3/1/29 #		290,000		268,170
	SS&C Technologies 144A
		5.50% 9/30/27 #		205,000		205,409
						473,579
Transportation – 1.78%
	Delta Air Lines 7.375%
		1/15/26		382,000		411,116
	Laredo Petroleum 144A
		7.75% 7/31/29 #		195,000		192,432
	Mileage Plus Holdings
		144A 6.50% 6/20/27 #		270,000		274,406
	Rutas 2 and 7 Finance
		144A 3.413% 9/30/36 #,
		^		193,333		124,011
	Seaspan 144A 5.50%
		8/1/29 #		320,000		286,803
	United Airlines
		144A 4.375% 4/15/26 #		100,000		96,656
		144A 4.625% 4/15/29 #		125,000		117,438
	VistaJet Malta Finance
		144A 6.375% 2/1/30 #		470,000		400,299
						1,903,161
Utilities – 1.56%
	Calpine
		144A 5.00% 2/1/31 #		520,000		464,423
		144A 5.25% 6/1/26 #		65,000		63,522
	Clean Renewable Power
		Mauritius 144A 4.25%
		3/25/27 #		196,000		175,457
	Consorcio Transmantaro
		144A 5.20% 4/11/38 #		200,000		187,936
	PG&E 5.25% 7/1/30			165,000		152,521
	Sociedad de Transmision
		Austral 144A 4.00%
		1/27/32 #		200,000		178,781
	Vistra
		144A 7.00% 12/15/26 #,
		µ, y		290,000		278,613
		144A 8.00% 10/15/26 #,
		µ, y		170,000		169,027
						1,670,280
Total Corporate Bonds
	(cost $44,881,345)					41,840,405

Sovereign Bonds – 6.28%Δ
Albania – 0.15%
	Albania Government
		International Bond
		3.50% 11/23/31	EUR	191,000		163,801
						163,801
Angola – 0.17%
	Angolan Government
		International Bond
		9.375% 5/8/48		200,000		179,606
						179,606
Armenia – 0.14%
	Republic of Armenia
		International Bond
		144A 3.60% 2/2/31 #		200,000		146,768
						146,768
Brazil – 0.18%
	Brazil Notas do Tesouro
		Nacional
		Serie F 10.00% 1/1/27	BRL	1,000,000		193,792
						193,792
Chile – 0.10%
	Bonos de la Tesoreria de
		la Republica en pesos
		144A 2.80% 10/1/33 #	CLP	85,000,000		73,881
		5.00% 3/1/35	CLP	35,000,000		37,921
						111,802

Table of Contents

			Principal
			amount^°		Value (US $)
Sovereign BondsΔ (continued)
Colombia — 0.43%
	Colombia Government
		International Bonds
		4.125% 2/22/42		217,000	$	158,742
		5.20% 5/15/49		200,000		158,634
	Columbian Government
		Bond 7.00% 6/30/32	COP	703,600,000		145,486
						462,862
Dominican Republic — 0.62%
	Dominican Republic
		International Bonds
		144A 4.875% 9/23/32 #		550,000		475,114
		144A 5.50% 2/22/29 #		200,000		189,739
						664,853
Honduras — 0.24%
	Honduras Government
		International Bond
		144A 5.625% 6/24/30 #		350,000		251,208
						251,208
Indonesia — 0.13%
	Indonesia Treasury Bond
		6.125% 5/15/28	IDR 2,154,000,000			144,070
						144,070
Ivory Coast — 0.59%
	Ivory Coast Government
		International Bonds
		144A 6.125% 6/15/33 #		600,000		538,842
		144A 6.875% 10/17/40 #	EUR	100,000		88,699
						627,541
Morocco — 0.48%
	Morocco Government
		International Bond
		144A 2.375% 12/15/27 #		600,000		515,976
						515,976
North Macedonia — 0.16%
	North Macedonia
		Government
		International Bond
		144A 1.625% 3/10/28 #	EUR	200,000		174,204
						174,204
Pakistan — 0.11%
	Pakistan Water & Power
		Development Authority
		7.50% 6/4/31		200,000		115,826
						115,826
Panama — 0.23%
	Panama Bonos del Tesoro
		3.362% 6/30/31		200,000		178,900
	Panama Government
		International Bond 144A
		3.75% 4/17/26 #		67,000		66,263
						245,163
Paraguay — 0.68%
	Paraguay Government
		International Bonds
		144A 2.739% 1/29/33 #		200,000		160,865
		144A 4.95% 4/28/31 #		400,000		390,778
		5.60% 3/13/48		200,000		175,075
						726,718
Peru — 0.38%
	Peruvian Government
		International Bond
		2.392% 1/23/26		433,000		410,141
						410,141
Senegal — 0.25%
	Senegal Government
		International Bond
		144A 6.25% 5/23/33 #		300,000		263,700
						263,700
South Africa — 0.48%
	Republic of South Africa
		Government
		International Bonds
		4.85% 9/30/29		200,000		186,402
		5.65% 9/27/47		400,000		324,488
						510,890
Uruguay — 0.17%
	Uruguay Government
		International Bond
		9.875% 6/20/22	UYU	7,307,000		183,091
						183,091
Uzbekistan — 0.59%
	Republic of Uzbekistan
		International Bonds
		144A 3.90% 10/19/31 #		200,000		158,910
		144A 5.375% 2/20/29 #		500,000		473,885
						632,795
Total Sovereign Bonds
	(cost $7,920,166)					6,724,807

Supranational Banks — 0.74%
	Banque Ouest Africaine de
		Developpement
		144A 4.70% 10/22/31 #		400,000		368,756

Table of Contents

Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

				Principal
				amount^°	Value (US $)
Supranational Banks (continued)
	Central American Bank For
		Economic Integration
		144A 2.00% 5/6/25 #		200,000	$	189,990
	European Investment
		Bank
		5.50% 1/23/23	MXN	4,734,000		233,086
Total Supranational Banks
	(cost $846,686)					791,832

				Number of
				shares
Common Stocks — 66.43%~
Communication Services — 5.73%
	Alphabet Class A †			38		86,459
	Alphabet Class C †			37		84,389
	America Movil ADR Class L			3,932		83,909
	AT&T			18,865		401,636
	Baidu ADR †			1,103		154,806
	Comcast Class A			3,200		141,696
	Grupo Televisa ADR			9,346		95,423
	Interpublic Group			537		17,308
	KDDI			44,000		1,533,258
	LG Uplus			5,829		65,254
	Meta Platforms Class A †			134		25,948
	NAVER			346		80,543
	Orange			80,430		1,005,754
	Publicis Groupe			15,000		819,333
	SK Telecom			6,936		320,114
	Telefonica Brasil ADR			4,970		53,378
	Tencent Holdings			12,000		554,185
	TIM ADR			3,015		44,984
	Turkcell Iletisim Hizmetleri			12,891		15,199
	Verizon Communications			9,946		510,130
	VK GDR =, †			1,295		895
	Warner Bros Discovery †			1,066		19,668
	Weibo ADR †			922		20,284
	Yandex Class A †			1,288		1,515
						6,136,068
Consumer Discretionary — 9.37%
	adidas AG			8,890		1,760,460
	Alibaba Group Holding †			3,600		44,156
	Alibaba Group Holding ADR †			2,912		279,698
	Amazon.com †			59		141,847
	Americanas			15,101		64,055
	ANTA Sports Products			12,200		139,145
	Arcos Dorados Holdings Class A			4,348		34,001
	Astra International			308,300		155,408
	Bath & Body Works			2,473		101,442
	Best Buy			1,301		106,760
	Buckle			1,179		38,742
	eBay			1,004		48,865
	Ethan Allen Interiors			2,006		46,660
	Genuine Parts			1,700		232,441
	H & M Hennes & Mauritz
		Class B		66,030		910,199
	Home Depot			1,389		420,520
	JD.com ADR			5,540		310,905
	JD.com Class A			571		16,445
	LG Electronics			616		52,279
	Lowe's			819		159,951
	NIKE Class B			893		106,133
	PulteGroup			3,200		144,832
	Ross Stores			1,227		104,320
	Sodexo			23,060		1,719,061
	Sturm Ruger & Co.			134		9,097
	Swatch Group			7,880		2,024,220
	Tesla †			64		48,529
	TJX			6,289		399,792
	Tractor Supply			686		128,529
	Trip.com Group ADR †			1,739		38,362
	Ulta Beauty †			199		84,197
	Yum China Holdings			3,550		162,951
						10,034,002
Consumer Staples — 13.37%
	Altria Group			3,241		175,306
	Archer-Daniels-Midland			1,600		145,312
	Asahi Group Holdings			12,600		424,780
	BRF ADR †			10,989		35,385
	Coca-Cola Femsa ADR			1,476		88,043
	Conagra Brands			7,500		246,675
	Danone			27,750		1,630,462
	Diageo			50,560		2,341,367
	Essity Class B			63,260		1,659,563
	Fomento Economico Mexicano
		ADR		639		47,823
	General Mills			2,500		174,625
	Hengan International Group			7,500		37,227
	Kao			37,600		1,517,611
	Koninklijke Ahold Delhaize			58,100		1,603,304
	Nestle			22,200		2,707,881
	Philip Morris International			1,807		191,994
	Procter & Gamble			900		133,092
	Seven & i Holdings			23,700		995,976
	Tingyi Cayman Islands Holding			22,000		38,969
	Tsingtao Brewery Class H			10,000		86,400
	Uni-President China Holdings			49,000		39,589
						14,321,384
Energy — 2.73%
	Chevron			635		110,909

Table of Contents

		Number of
		shares	Value (US $)
Common Stocks~ (continued)
Energy (continued)
	China Petroleum & Chemical
	Class H	122,000	$	58,923
	ConocoPhillips	3,591		403,485
	Devon Energy	1,273		95,348
	EOG Resources	369		50,538
	Exxon Mobil	3,456		331,776
	Gazprom PJSC ADR =	22,925		10,767
	Kinder Morgan	7,733		152,263
	LUKOIL PJSC ADR =	916		599
	Marathon Petroleum	1,590		161,846
	Petroleo Brasileiro ADR	7,879		109,360
	Reliance Industries GDR 144A #	13,560		911,232
	Rosneft Oil PJSC GDR =	24,551		11,979
	TotalEnergies ADR	2,500		147,000
	Viper Energy Partners	1,846		61,952
	Williams	8,232		305,078
				2,923,055
Financials — 3.58%
	Akbank TAS	36,846		18,779
	Allstate	1,000		136,690
	American Financial Group	989		139,746
	American International Group	4,500		264,060
	Ameriprise Financial	390		107,745
	Banco Bradesco ADR	14,732		62,611
	Banco Santander Brasil ADR	5,102		36,275
	Bangkok Bank	14,400		55,126
	Bank Central Asia	435,700		231,580
	BlackRock	196		131,140
	Blackstone	1,118		131,689
	Diamond Hill Investment Group	142		26,574
	Discover Financial Services	1,715		194,635
	Fidelity National Financial	517		21,869
	Grupo Financiero Banorte
	Class O	8,076		52,210
	ICICI Bank ADR	11,547		222,280
	Invesco	4,949		95,714
	Itau Unibanco Holding ADR	15,411		84,452
	MetLife	5,691		383,516
	Moelis & Co. Class A	1,042		48,891
	New Residential Investment	4,215		47,629
	OneMain Holdings	1,814		79,925
	Ping An Insurance Group Co. of
	China Class H	16,000		102,559
	Principal Financial Group	2,105		153,518
	Prudential Financial	1,429		151,831
	S&P Global	162		56,616
	Samsung Life Insurance	947		52,126
	Sberbank of Russia PJSC ADR =	6,857		282
	Synchrony Financial	3,071		113,750
	Truist Financial	6,800		338,232
	US Bancorp	5,400		286,578
	XP Class A †	355		8,027
				3,836,655
Healthcare — 10.52%
	AbbVie	3,089		455,226
	AmerisourceBergen	1,244		192,559
	Amgen	790		202,825
	BeiGene ADR †	158		21,681
	Bristol-Myers Squibb	2,631		198,509
	Cardinal Health	3,600		202,752
	Cigna	500		134,145
	CVS Health	1,400		135,450
	Fresenius Medical Care AG &
	Co.	28,960		1,760,938
	Gilead Sciences	1,705		110,569
	Johnson & Johnson	2,680		481,140
	Merck & Co.	5,202		478,740
	Molina Healthcare †	298		86,486
	Novo Nordisk Class B	19,080		2,113,713
	Pfizer	7,118		377,539
	Roche Holding	4,770		1,623,153
	Smith & Nephew	152,250		2,480,623
	UnitedHealth Group	130		64,581
	Viatris	11,886		145,841
				11,266,470
Industrials — 5.07%
	Caterpillar	1,100		237,435
	Honeywell International	1,400		271,068
	Intertek Group	18,960		1,107,371
	Knorr-Bremse	11,910		812,932
	Lockheed Martin	709		312,038
	Makita	34,500		944,137
	Raytheon Technologies	2,500		237,800
	Securitas Class B	141,780		1,512,028
				5,434,809
Information Technology — 11.92%
	Adobe †	149		62,056
	Advanced Micro Devices †	640		65,190
	Amadeus IT Group †	42,660		2,648,936
	Apple	5,195		773,224
	Applied Materials	583		68,380
	Broadcom	850		493,111
	Cisco Systems	9,099		409,910
	Dropbox Class A †	2,584		53,851
	Enphase Energy †	38		7,075
	Fidelity National Information
	Services	2,800		292,600

Table of Contents

Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

		Number of
		shares	Value (US $)
Common Stocks~ (continued)
Information Technology (continued)
	Getnet Adquirencia e Servicos
	para Meios de Pagamento
	ADR	637	$	1,191
	Hon Hai Precision Industry	51,000		198,553
	HP	4,289		166,585
	Intel	4,100		182,122
	International Business Machines	2,386		331,272
	KLA	353		128,792
	Kyndryl Holdings †	57		703
	Lam Research	248		128,967
	MediaTek	17,000		530,060
	Microsoft	2,419		657,654
	Monolithic Power Systems	283		127,460
	NetApp	1,713		123,250
	NVIDIA	595		111,098
	Oracle	2,300		165,416
	Paychex	1,222		151,320
	QUALCOMM	1,059		151,670
	Samsung Electronics	16,308		888,425
	SAP	15,870		1,580,885
	SK Hynix	8,762		764,869
	SK Square †	7,074		270,450
	Sohu.com ADR †	2,260		32,657
	Taiwan Semiconductor
	Manufacturing	56,000		1,080,448
	Western Union	6,420		116,459
				12,764,639
Materials — 3.18%
	Air Liquide	13,970		2,442,192
	BHP Group ADR	745		52,642
	Cemex ADR †	6,204		28,973
	CF Industries Holdings	745		73,584
	Cia de Minas Buenaventura
	ADR	4,888		41,743
	Dow	1,485		100,950
	DuPont de Nemours	3,500		237,475
	Grupo Mexico Class B	18,589		91,781
	Nucor	228		30,201
	Rio Tinto ADR	506		37,160
	Sociedad Quimica y Minera de
	Chile ADR	1,583		168,067
	Vale ADR	5,481		98,932
				3,403,700
Media — 0.00%
	Century Communications =, †	125,000		0
				0
Real Estate — 0.36%
	Equity Residential	3,500		268,905
	Iron Mountain	934		50,342
	VICI Properties	2,368		73,053
				392,300
Utilities — 0.60%
	Edison International	4,200		293,622
	Entergy	1,600		192,512
	Kunlun Energy	52,000		44,796
	NRG Energy	352		16,206
	Vistra	3,755		99,019
				646,155
Total Common Stocks
	(cost $73,620,228)			71,159,237

Convertible Preferred Stock — 2.37%
2020 Mandatory
	Exchangeable Trust
	144A 6.50% exercise
	price $47.09, maturity
	date 5/16/23 #	223		142,227
Algonquin Power & Utilities
	7.75% exercise price
	$18.00, maturity date
	6/15/24	4,686		216,072
AMG Capital Trust II
	5.15% exercise price
	$195.47, maturity date
	10/15/37	3,664		185,728
Bank of America 7.25%
	exercise price $50.00 ω	268		337,621
El Paso Energy Capital
	Trust I 4.75% exercise
	price $34.49, maturity
	date 3/31/28	8,410		413,856
Elanco Animal Health
	5.00% exercise price
	$38.40, maturity date
	2/1/23	6,166		234,308
Lyondellbasell Advanced
	Polymers 6.00%
	exercise price $52.33 ω	361		285,190
RBC Bearings 5.00%
	exercise price $226.60,
	maturity date 10/15/24	3,166		308,685
UGI 7.25% exercise price
	$52.57, maturity date
	6/1/24	4,100		412,255
Total Convertible Preferred Stock
	(cost $2,795,710)			2,535,942

Exchange-Traded Funds — 0.92%
	iShares MSCI EAFE ETF	1,220		85,412

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			Number of
			shares	Value (US $)
Exchange-Traded Funds (continued)
	iShares Trust iShares ESG
		Aware MSCI EAFE ETF	9,280	$	650,714
	Vanguard FTSE Developed
		Markets ETF	5,420		246,664
Total Exchange-Traded Funds
	(cost $1,000,180)				982,790

			Principal
			amount^°
Leveraged Non-Recourse Security — 0.00%
	JPMorgan Fixed Income
		Auction Pass Through
		Trust
		Series 2007-B 144A
		0.002% 1/15/87 #, ◆	500,000		500
Total Leveraged Non-Recourse Security
	(cost $425,000)				500

			Number of
			shares
Short-Term Investments — 3.55%
Money Market Mutual Funds — 3.55%
	BlackRock FedFund –
		Institutional Shares
		(seven-day effective
		yield 0.72%)	949,743		949,743
	Fidelity Investments
		Money Market
		Government Portfolio –
		Class I (seven-day
		effective yield 0.60%)	949,743		949,743
	GS Financial Square
		Government Fund –
		Institutional Shares
		(seven-day effective
		yield 0.71%)	949,743		949,743
	Morgan Stanley
		Government Portfolio –
		Institutional Share Class
		(seven-day effective
		yield 0.71%)	949,743		949,743
Total Short-Term Investments
	(cost $3,798,972)				3,798,972
Total Value of
	Securities—131.19%
	(cost $147,649,764)			$	140,524,818

°	Principal amount shown is stated in USD.
~	Securities have been classified by type of business. Aggregate classification by country of origin has been presented in “Security type / sector and country allocations” on page 1.
#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At May 31, 2022, the aggregate value of Rule 144A securities was $40,294,777, which represents 37.62% of the Fund's net assets. See Note 9 in “Notes to financial statements."
^	Zero-coupon security. The rate shown is the effective yield at the time of purchase.
µ	Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at May 31, 2022. Rate will reset at a future date.
ψ	Perpetual security. Maturity date represents next call date.
Δ	Securities have been classified by country of origin.
†	Non-income producing security.
=	The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the disclosure table located in Note 3 in “Notes to financial statements.”
ω	Perpetual security with no stated maturity date.
◆	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.

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Schedule of investments
Delaware Enhanced Global Dividend and Income Fund

The following foreign currency exchange contracts and swap contracts were outstanding at May 31, 2022:¹

Foreign Currency Exchange Contracts

	Currency to						Settlement	Unrealized		Unrealized
Counterparty	Receive (Deliver)			In Exchange For			Date	Appreciation		Depreciation
BNYM	CHF	(28,171	)	USD	29,411		6/1/22	$	41	$	—
CITI	COP	(554,858,000	)	USD	144,518		6/24/22		—		(2,205	)
JPMCB	BRL	(724,519	)	USD	146,116		6/24/22		—		(5,252	)
JPMCB	CLP	137,693,550		USD	(174,229	)	6/24/22		—		(7,707	)
JPMCB	EUR	(433,693	)	USD	477,395		6/24/22		12,190		—
JPMCB	MXN	(4,758,957	)	USD	232,995		6/24/22		—		(7,599	)
Total Foreign Currency Exchange Contracts								$	12,231	$	(22,763	)

CDS Contracts²

Counterparty/					Upfront
Reference Obligation/					Payments					Variation Margin
Termination Date/	Notional	Annual Protection			Paid		Unrealized			Due from
Payment Frequency	Amount³	Payments	Value		(Received)		Depreciation⁴			(Due to) Brokers
Over-The-Counter:
Protection Purchased/
Moody’s Ratings:
JPMCB-Federative
Republic of Brazil
4.25% 6/6/25 B2
6/22/26-
Quarterly	187,000	1.000%	$	5,827	$	8,781	$	(2,954	)	$	—
Total CDS Contracts			$	5,827	$	8,781	$	(2,954	)	$	—

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 notional amount and foreign currency exchange contracts presented above represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) and variation margin are reflected in the Fund’s net assets.

¹	See Note 6 in “Notes to financial statements.”
²	A 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 unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized 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 CDS agreement.
³	Notional amount shown is stated in USD unless noted that the swap is denominated in another currency.
⁴	Unrealized appreciation (depreciation) does not include periodic interest payments (receipt) on swap contracts accrued daily in the amount of $374.

Summary of abbreviations:

ADR – American Depositary Receipt

AG – Aktiengesellschaft

BNYM – Bank of New York Mellon

CDS – Credit Default Swap

CITI – Citigroup

DAC – Designated Activity Company

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Summary of abbreviations:

EAFE – Europe, Australasia, and Far East

ESG – Environmental, Social, and Governance

ETF – Exchange-Traded Fund

FTSE – Financial Times Stock Exchange

GDR – Global Depositary Receipt

GS – Goldman Sachs

JPMCB – JPMorgan Chase Bank

JSC – Joint Stock Company

MSCI – Morgan Stanley Capital International

PJSC – Private Joint Stock Company

S&P – Standard & Poor’s Financial Services LLC

Summary of currencies:

BRL – Brazilian Real

CHF – Swiss Franc

CLP – Chilean Peso

COP – Colombian Peso

EUR – European Monetary Unit

IDR – Indonesian Rupiah

KZT – Kazakhstani Tenge

MXN – Mexican Peso

USD – US Dollar

UYU – Uruguayan Peso

See accompanying notes, which are an integral part of the financial statements.

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Statement of assets and liabilities
Delaware Enhanced Global Dividend and Income Fund

May 31, 2022 (Unaudited)

Assets:
	Investments, at value*	$	140,524,818
	Foreign currencies, at value^Δ		172,642
	Dividends and interest receivable		944,654
	Foreign tax reclaims receivable		429,387
	Unrealized appreciation on foreign currency exchange contracts		12,231
	Upfront payments paid on credit default swap contracts		8,781
	Other assets		843
	Total Assets		142,093,356
Liabilities:
	Due to custodian		438,601
	Borrowing under line of credit		34,100,000
	Other accrued expenses		284,351
	Investment management fees payable to affiliates		114,347
	Unrealized depreciation on foreign currency exchange contracts		22,763
	Payable for securities purchased		7,586
	Interest expense payable on line of credit		6,091
	Unrealized depreciation on credit default swap contracts		2,954
	Reports and statements to shareholders expenses payable to affiliates		1,565
	Trustees’ fees and expenses payable to affiliates		770
	Swap payments payable		374
	Legal fees payable to affiliates		62
	Total Liabilities		34,979,464
Total Net Assets		$	107,113,892

Net Assets Consist of:
	Paid-In Capital	$	111,790,683
	Total distributable earnings (loss)		(4,676,791	)
Total Net Assets		$	107,113,892

Common Shares:
Net assets		$	107,113,892
Shares of beneficial interest outstanding			11,179,969
Net asset value per share		$	9.58
____________________
* Investments, at cost		$	147,649,764
^Δ Foreign currencies, at cost			171,307

See accompanying notes, which are an integral part of the financial statements.

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Statement of operations
Delaware Enhanced Global Dividend and Income Fund

Six months ended May 31, 2022 (Unaudited)

Investment Income:
	Dividends	$	1,435,304
	Interest		1,417,322
	Foreign tax withheld		(132,042	)
			2,720,584

Expenses:
	Management fees		756,530
	Interest expense		278,882
	Reports and statements to shareholders expenses		124,935
	Dividend disbursing and transfer agent fees and expenses		34,104
	Accounting and administration expenses		31,649
	Legal fees		27,759
	Audit and tax fees		23,050
	Custodian fees		16,351
	Trustees’ fees and expenses		2,117
	Registration fees		72
	Other expenses		78,612
	Total operating expenses		1,374,061
Net Investment Income			1,346,523
Net Realized and Unrealized Gain (Loss):
	Net realized gain (loss) on:
	Investments		5,931,756
	Foreign currencies		(83,470	)
	Foreign currency exchange contracts		40,749
	Swap contracts		63,053
	Net realized gain		5,952,088

	Net change in unrealized appreciation (depreciation) of:
	Investments		(14,938,889	)
	Foreign currencies		(20,005	)
	Foreign currency exchange contracts		2,984
	Swap contracts		(68,353	)
	Net change in unrealized appreciation (depreciation)		(15,024,263	)
Net Realized and Unrealized Loss			(9,072,175	)
Net Decrease in Net Assets Resulting from Operations		$	(7,725,652	)

See accompanying notes, which are an integral part of the financial statements.

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Statements of changes in net assets
Delaware Enhanced Global Dividend and Income Fund

		Six months
		ended
		5/31/22			Year ended
		(Unaudited)			11/30/21
Increase (Decrease) in Net Assets from Operations:
	Net investment income	$	1,346,523		$	3,326,197
	Net realized gain		5,952,088			11,665,476
	Net change in unrealized appreciation (depreciation)		(15,024,263	)		(3,491,270	)
	Net increase (decrease) in net assets resulting from operations		(7,725,652	)		11,500,403

Dividends and Distributions to Shareholders from:
	Distributable earnings		(4,217,084	)		(6,699,278	)
	Return of capital		—			(1,684,023	)
	Total distributions to shareholders		(4,217,084	)		(8,383,301	)

Capital Share Transactions:
	Cost of shares redeemed ¹		(367,667	)		(7,445,547	)
	Decrease in net assets derived from capital share transactions		(367,667	)		(7,445,547	)
Net Decrease in Net Assets			(12,310,403	)		(4,328,445	)

Net Assets:
	Beginning of period		119,424,295			123,752,740
	End of period	$	107,113,892		$	119,424,295

¹	See Note 4 in “Notes to financial statements.”

See accompanying notes, which are an integral part of the financial statements.

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Statement of cash flows
Delaware Enhanced Global Dividend and Income Fund

Six months ended May 31, 2022 (Unaudited)

Cash flows provided by (used for) operating activities:
	Net increase (decrease) in net assets resulting from operations		$	(7,725,652	)
		Adjustments to reconcile net increase (decrease) in net assets from operations to
		net cash provided by (used for) operating activities:
		Amortization of premium and accretion of discount on investments, net		(15,440	)
		Proceeds from disposition of investment securities		21,878,304
		Purchase of investment securities		(17,195,460	)
		Proceeds (purchase) from disposition of short-term investment securities, net		16,214,546
		Net realized (gain) loss on investments		(5,861,846	)
		Net change in unrealized (appreciation) depreciation of investments		14,929,040
		Net change in unrealized (appreciation) depreciation of swap contracts		68,353
		Net change in unrealized (appreciation) depreciation of foreign currencies		20,005
		Net change in unrealized (appreciation) depreciation of foreign currency exchange contracts		(2,984	)
		Return of capital distributions on investments		191,643
		(Increase) decrease in receivable for securities sold		1,617,925
		(Increase) decrease in dividends and interest receivable		146,031
		(Increase) decrease in foreign tax reclaims receivable		(75,891	)
		Increase (decrease) in other assets		(843	)
		(Increase) decrease in upfront payments paid on credit default swap contracts		171,941
		Increase (decrease) in cash collateral due to broker		(210,000	)
		Increase (decrease) in payable for securities purchased		(352,474	)
		Increase (decrease) in Trustees’ fees and expenses payable to affiliates		395
		Increase (decrease) in accounting and administration expenses payable to affiliates		(857	)
		Increase (decrease) in investment management fees payable to affiliates		(25,409	)
		Increase (decrease) in reports and statements to shareholders expenses payable to affiliates		268
		Increase (decrease) in legal fees payable to affiliates		(67	)
		Increase (decrease) in other accrued expenses		132,225
		Increase (decrease) in interest expense payable on line of credit		1,793
		Increase (decrease) in other liabilities		(558	)
	Total adjustments			31,630,640
Net cash provided by (used for) operating activities				23,904,988

Cash provided by (used for) financing activities:
		Cash payments to reduce borrowing under line of credit		(19,900,000	)
		Cost of shares redeemed, net of change in payable for fund shares redeemed		(494,599	)
		Cash dividends and distributions paid to shareholders		(4,217,084	)
		Increase (decrease) in bank overdraft		265,959
Net cash provided by (used for) financing activities				(24,345,724	)

Effect of exchange rates on cash				(20,005	)
Net increase (decrease) in cash				(460,741	)
Cash and foreign currencies at beginning of period				460,741
Cash and foreign currencies at end of period			$	—
Cash paid for interest expense on payable on line of credit			$	277,089
The following table provides a reconciliation of cash and foreign currencies reported within the "Statement of assets and liabilities" that sum to the total of the same amounts shown above at May 31, 2022:
Cash			$	(438,601	)
Foreign currencies, at value				172,642
Total bank overdraft			$	(265,959	)

See accompanying notes, which are an integral part of the financial statements.

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Financial highlights
Delaware Enhanced Global Dividend and Income Fund

Selected data for each share of the Fund outstanding throughout each period were as follows:

	Six months
	ended
	5/31/22¹			Year ended
	(Unaudited)			11/30/21			11/30/20			11/30/19			11/30/18			11/30/17
Net asset value, beginning of period	$	10.65		$	10.40		$	11.03		$	10.88		$	13.08		$	11.43
Income (loss) from investment operations:
Net investment income²		0.12			0.29			0.30			0.38			0.50			0.44
Net realized and unrealized gain (loss)		(0.82	)		0.68			(0.11	)		0.87			(1.61	)		1.84
Total from investment operations		(0.70	)		0.97			0.19			1.25			(1.11	)		2.28
Less dividends and distributions from:
Net investment income		(0.13	)		(0.57	)		(0.33	)		(0.40	)		(0.38	)		(0.51	)
Net realized gain		(0.24	)		—			—			—			(0.56	)		—
Return of capital		—			(0.15	)		(0.49	)		(0.70	)		(0.15	)		(0.12	)
Total dividends and distributions		(0.37	)		(0.72	)		(0.82	)		(1.10	)		(1.09	)		(0.63	)
Net asset value, end of period	$	9.58		$	10.65		$	10.40		$	11.03		$	10.88		$	13.08
Market value, end of period	$	8.25		$	9.78		$	9.60		$	10.12		$	9.60		$	11.98
Total return based on:³
Net asset value		(6.24%	)		9.95%			3.35%			13.53%	⁴		(8.38%	)		21.03%
Market value		(12.08%	)		9.39%			3.97%			18.05%	⁴		(11.74%	)		31.30%
Ratios and supplemental data:
Net assets, end of period (000 omitted)	$	107,114		$	119,424		$	123,753		$	132,453		$	137,831		$	207,106
Ratio of expenses to average net assets^{5, 6, 7, 8}		2.39%			2.26%			2.47%			3.52%			3.02%			2.38%
Ratio of net investment income to average net
assets⁹		2.34%			2.59%			3.00%			3.53%			4.06%			3.50%
Portfolio turnover		27%			56%			62%			135%	¹⁰		34%			40%
Leverage analysis:
Debt outstanding at end of period at par
(000 omitted)	$	34,100		$	54,000		$	45,600		$	60,600		$	65,600		$	82,000
Asset coverage per $1,000 of debt outstanding at
end of period	$	4,141		$	3,212		$	3,714		$	3,186		$	3,101		$	3,526

1	Ratios have been annualized and total return and portfolio turnover have not been annualized.
2	Calculated using average shares outstanding.
3	Total return is calculated assuming a purchase of common stock on the opening of the first day and a sale on the closing of the last day of each period reported. Dividends and distributions, if any, are assumed for the purpose of this calculation, to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. Generally, total investment return based on net asset value will be higher than total investment return based on market value in periods where there is an increase in the discount or decrease in the premium of the market value to the net asset value from the beginning to the end of such periods. Conversely, total return based on net asset value will be lower than total return based on market value in periods where there is a decrease in the discount or an increase in the premium of the market value to the net asset value from the beginning to the end of such periods.
4	General Motors term loan litigation were included in total return. If excluded, the impact on the total return would be 0.02% lower.
5	Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
6	The ratio of expenses before interest expense to adjusted average net assets (excluding debt outstanding) for the six months ended May 31, 2022, and the years ended November 30, 2021, 2020, 2019, 2018, and 2017 were 1.37%, 1.34%, 1.29%, 1.43%, 1.31%, and 1.12%, respectively.
7	The ratio of interest expense to adjusted average net assets (excluding debt outstanding) for the six months ended May 31, 2022, and the years ended November 30, 2021, 2020, 2019, 2018, and 2017 were 0.48%, 0.28%, 0.45%, 1.00%, 0.81%, and 0.56%, respectively.
8	The ratio of interest expense to average net assets for the six months ended May 31, 2022, and the years ended November 30, 2021, 2020, 2019, 2018, and 2017 were 0.35%, 0.40%, 0.63%, 1.45%, 1.15%, and 0.80%, respectively.
9	The ratio of net investment income to adjusted average net assets (excluding debt outstanding) for the six months ended May 31, 2022, and the years ended November 30, 2021, 2020, 2019, 2018 and 2017 were 1.69%, 1.85%, 2.12%, 2.43%, 2.85%, and 2.47%, respectively.
10	The Fund’s portfolio turnover rate increased substantially during the year ended November 30, 2019, due to the enhanced income strategy by engaging in dividend capture trading.

See accompanying notes, which are an integral part of the financial statements.

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

May 31, 2022 (Unaudited)

Delaware Enhanced Global Dividend and Income Fund (Fund) is organized as a Delaware statutory trust, and is a diversified closed-end management investment company under the Investment Company Act of 1940, as amended (1940 Act). The Fund’s shares trade on the New York Stock Exchange (NYSE) under the symbol DEX.

The primary investment objective of the Fund is to seek current income, with a secondary objective of capital appreciation.

1. Significant Accounting Policies

The Fund follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, Financial Services — Investment Companies. The following accounting policies are in accordance with US generally accepted accounting principles (US GAAP) and are consistently followed by the Fund.

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 NYSE on the valuation date. Equity securities and ETFs traded on the Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If, on a particular day, an equity security or ETF does not trade, the mean between the bid and ask prices will be used, which approximates fair value. Equity securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. US government and agency securities are valued at the mean between the bid and ask prices, which approximates fair value. Other debt securities and credit default swap contracts (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 (CMOs), commercial mortgage securities, and US government agency mortgage securities, pricing vendors utilize matrix pricing which considers prepayment speed, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity, and type as well as broker/dealer-supplied prices. Open-end investment companies are valued at their published net asset value (NAV). Foreign currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. 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. 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 (Board). In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-US markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00pm Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. Whenever such a significant event occurs, the Fund may value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing). Restricted securities are valued at fair value using methods approved by the Board.

Federal and Foreign Income Taxes — No provision for federal income taxes has been made as the Fund intends to continue to qualify for federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended, and make the requisite distributions to shareholders. The Fund evaluates tax positions taken or expected to be taken in the course of preparing the Fund's tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are recorded as a tax benefit or expense in the current year. Management has analyzed the Fund's tax positions taken or expected to be taken on the Fund's federal income tax returns through the six months ended May 31, 2022, and for all open tax years (November 30, 2018–November 30, 2021), and has concluded that no provision for federal income tax is required in the Fund's financial statements. In regard to foreign taxes only, the Fund has open tax years in certain foreign countries in which it invests in that may date back to the inception of the Fund. If applicable, the Fund recognizes interest accrued on unrecognized tax benefits in interest expense and penalties in “Other” on the “Statement of operations.” During the six months ended May 31, 2022, the Fund did not incur any interest or tax penalties.

Distributions — The Fund has implemented a managed distribution policy. Under the policy, the Fund is managed with a goal of generating as much of the distribution as possible from net investment income and short-term capital gains. The balance of the distribution will then come

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

1. Significant Accounting Policies (continued)

from long-term capital gains to the extent permitted, and if necessary, a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years. The Fund’s managed distribution policy is described in more detail on the inside front cover of this report.

Underlying Funds — The Fund may invest in other investment companies (Underlying Funds) to the extent permitted by the 1940 Act. The Underlying Funds in which the Fund may invest include ETFs. The Fund will indirectly bear the investment management fees and other expenses of any Underlying Funds.

Cash and Cash Equivalents — Cash and cash equivalents include deposits held at financial institutions, which are available for the Fund’s use with no restrictions, with original maturities of 90 days or less.

Foreign Currency Transactions — Transactions denominated in foreign currencies are recorded at the prevailing exchange rates on the valuation date in accordance with the Fund’s prospectus. The value of all assets and liabilities denominated in foreign currencies is translated daily into US dollars at the exchange rate of such currencies against the US dollar. Transaction gains or losses resulting from changes in exchange rates during the reporting period or upon settlement of the foreign currency transaction are reported in operations for the current period. The Fund generally bifurcates that portion of realized gains and losses on investments in debt securities which is due to changes in foreign exchange rates from that which is due to changes in market prices of debt securities. That portion of gains (losses), attributable to changes in foreign exchange rates, is included on the “Statement of operations” under “Net realized gain (loss) on foreign currencies.” For foreign equity securities, the realized gains and losses are included on the “Statement of operations” under “Net realized gain (loss) on investments.” The Fund reports certain foreign currency related transactions as components of realized gains (losses) for financial reporting purposes, whereas such components are treated as ordinary income (loss) for federal income tax purposes.

Use of Estimates — The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the fair value of investments, the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and the differences could be material.

Other — Expenses directly attributable to the Fund are charged directly to the Fund. Other expenses common to various funds within the Delaware Funds by Macquarie^®(Delaware Funds) are generally allocated among such funds on the basis of average net assets. Management fees and certain other expenses are paid monthly. Security transactions are recorded on the date the securities are purchased or sold (trade date) for financial reporting purposes. Costs used in calculating realized gains and losses on the sale of investment securities are those of the specific securities sold. Dividend income is recorded on the ex-dividend date and interest income is recorded on the accrual basis. Discounts and premiums on debt securities are accreted or amortized to interest income, respectively, over the lives of the respective securities using the effective interest method. Premiums on callable debt securities are amortized to interest income to the earliest call date using the effective interest method. Realized gains (losses) on paydowns of asset- and mortgage-backed securities are classified as interest income. Distributions received from investments in real estate investment trusts (REITs) are recorded as dividend income on the ex-dividend date, subject to reclassification upon notice of the character of such distributions by the issuer, which are estimated. Distributions received from investments in master limited partnerships are recorded as return of capital on investments on the ex-dividend date. Foreign dividends are also recorded on the ex-dividend date or as soon after the ex-dividend date that the Fund is aware of such dividends, net of all tax withholdings, a portion of which may be reclaimable. Withholding taxes and reclaims on foreign dividends have been recorded in accordance with the Fund’s understanding of the applicable country’s tax rules and rates.

The Fund receives earnings credits from its custodian when positive cash balances are maintained, which may be used to offset custody fees. The expenses paid under this arrangement are included on the "Statement of operations" under "Custodian fees" with the corresponding expenses offset included under "Less expenses paid indirectly." There were no such earnings credits for the six months ended May 31, 2022.

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2. Investment Management, Administration Agreements, and Other Transactions with Affiliates

In accordance with the terms of its investment management agreement, the Fund pays Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust, and the investment manager, an annual fee of 0.95%, calculated daily and paid monthly, of the adjusted average daily net assets of the Fund. For purposes of the calculation of investment management fees, adjusted average daily net assets excludes the line of credit liability.

DMC's affiliate, Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), acts as sub-advisor to the Manager and provides asset allocation services to the Fund. MIMAK has primary day-to-day responsibility for managing the Fund and may allocate assets to its affiliate, Macquarie Investment Management Global Limited (MIMGL), to invest in real estate investment trust securities and other equity asset classes to which MIMAK may allocate assets. MIMAK may also allocate assets to the Manager.

DMC, and as applicable, MIMAK, may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited, MIMAK, and MIMGL (together, the “Affiliated Fixed Income Sub-Advisors”). The Manager may also permit these Affiliated Fixed Income Sub-Advisors to execute Fund fixed income security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize an Affiliated Fixed Income Sub-Advisor’s specialized market knowledge. DMC may permit its affiliates, MIMGL and Macquarie Funds Management Hong Kong Limited (together, the “Affiliated Equity Sub-Advisors”), to execute Fund equity security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL. Although the Affiliated Equity Sub-Advisors serve as sub-advisors, DMC has ultimate responsibility for all investment advisory services. For these services, DMC, not the Fund, may pay each Affiliated Fixed Income Sub-Advisor and Affiliated Equity Sub-Advisor a portion of its investment management fee.

Delaware Investments Fund Services Company (DIFSC), an affiliate of DMC, provides fund accounting and financial administration oversight services to the Fund. For these services, DIFSC’s fees are calculated daily and paid monthly, based on the aggregate daily net assets (excluding the line of credit liability) of all funds within the Delaware Funds at the following annual rates: 0.00475% of the first $35 billion; 0.0040% of the next $10 billion; and 0.0025% of aggregate average daily net assets in excess of $45 billion (Total Fee). Each fund in the Delaware Funds pays a minimum of $4,000, which, in aggregate, is subtracted from the Total Fee. Each fund then pays its portion of the remainder of the Total Fee on a relative NAV basis. This amount is included on the “Statement of operations” under “Accounting and administration expenses.” For the six months ended May 31, 2022, the Fund was charged $4,753 for these services.

As provided in the investment management agreement, the Fund bears a portion of the cost of certain resources shared with DMC, including the cost of internal personnel of DMC and/or its affiliates that provide legal and regulatory reporting services to the Fund. This amount is included on the “Statement of operations” under “Legal fees.” For the six months ended May 31, 2022 the Fund was charged $12,098 for internal legal and regulatory reporting services provided by DMC and/or its affiliates’ employees.

Trustees’ fees include expenses accrued by the Fund for each Trustee’s retainer and meeting fees. Certain officers of DMC and DIFSC are officers and/or Trustees of the Fund. These officers and Trustees are paid no compensation by the Fund.

In addition to the management fees and other expenses of the Fund, the Fund indirectly bears the investment management fees and other expenses of any investment companies (Underlying Funds) in which it invests. The amount of these fees and expenses incurred indirectly by the Fund will vary based upon the expense and fee levels of any Underlying Funds and the number of shares that are owned of the Underlying Funds at different times.

3. Investments

For the six months ended May 31, 2022, the Fund made purchases and sales of investment securities other than short-term investments as follows:

Purchases		$40,629,350
Sales		57,949,917

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

3. Investments (continued)

At May 31, 2022, the cost and unrealized appreciation (depreciation) of investments and derivatives for federal income tax purposes have been estimated since final tax characteristics cannot be determined until fiscal year end. At May 31, 2022, the cost and unrealized appreciation (depreciation) of investments and derivatives for the Fund were as follows:

Cost of investments and derivatives	$	147,968,177
Aggregate unrealized appreciation of investments and derivatives	$	8,458,069
Aggregate unrealized depreciation of investments and derivatives		(15,901,428	)
Net unrealized depreciation of investments and derivatives	$	(7,443,359	)

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

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

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

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

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.

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The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of May 31, 2022:

	Level 1		Level 2			Level 3		Total
Securities
Assets:
Common Stocks
Communication Services	$	6,135,173	$	—		$	895	$	6,136,068
Consumer Discretionary		10,034,002		—			—		10,034,002
Consumer Staples		14,321,384		—			—		14,321,384
Energy		2,899,710		—			23,345		2,923,055
Financials		3,836,373		—			282		3,836,655
Healthcare		11,266,470		—			—		11,266,470
Industrials		5,434,809		—			—		5,434,809
Information Technology		12,764,639		—			—		12,764,639
Materials		3,403,700		—			—		3,403,700
Media		—		—			—¹		—
Real Estate		392,300		—			—		392,300
Utilities		646,155		—			—		646,155
Convertible Bonds		—		12,690,333			—		12,690,333
Convertible Preferred Stock		2,535,942		—			—		2,535,942
Corporate Bonds		—		41,840,405			—		41,840,405
Exchange-Traded Funds		982,790		—			—		982,790
Leveraged Non-Recourse Security		—		500			—		500
Sovereign Bonds		—		6,724,807			—		6,724,807
Supranational Banks		—		791,832			—		791,832
Short-Term Investments		3,798,972		—			—		3,798,972
Total Value of Securities	$	78,452,419	$	62,047,877		$	24,522	$	140,524,818

Derivatives²
Assets:
Foreign Currency Exchange Contracts	$	—	$	12,231		$	—	$	12,231
Liabilities:
Foreign Currency Exchange Contracts	$	—	$	(22,763	)	$	—	$	(22,763	)
Swap Contracts		—		(2,954	)		—		(2,954	)

¹	The security that has been valued at zero on the "Schedule of investments" is considered to be Level 3 investments in this table.
²	Foreign currency exchange contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument at the period end.

The Fund’s policy is to recognize transfers into or out of Level 3 investments based on fair value at the beginning of the reporting period.

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

3. Investments (continued)

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value for the Fund:

				Leveraged
	Limited			Non-Recourse
	Partnerships			Security			Total
Balance as of 11/30/21	$	2,538,534		$	500		$	2,539,034
Sales		(2,443,627	)		—			(2,443,627	)
Net realized gain (loss)		1,741,092			—			1,741,092
Return of capital		(18,029	)		—			(18,029	)
Transfers out of Level 3		—			(425,000	)		(425,000	)
Net change in unrealized appreciation (depreciation)		(1,817,970	)		424,500			(1,393,470	)
Balance as of 5/31/22	$	—		$	—		$	—
Net change in unrealized appreciation (depreciation) from Level 3 investments still held as of 5/31/22	$	—		$	—		$	—

4. Capital Stock

Shares obtained under the Fund’s dividend reinvestment plan are purchased by the Fund’s transfer agent, Computershare, Inc., in the open market, if the shares of the Fund are trading at a discount to the Fund’s NAV on the dividend payment date. However, the dividend reinvestment plan provides that if the shares of the Fund are trading at a premium to the Fund’s NAV on the dividend payment date, the Fund will issue shares to shareholders of record at NAV. During the six months ended May 31, 2022 and the year ended November 30, 2021, the Fund did not issue any shares under the Fund’s dividend reinvestment plan.

The Fund implemented an open-market share repurchase program pursuant to which the Fund may purchase up to 10% of the Fund’s shares, from time to time, in open-market transactions, at the discretion of management. The share repurchase program commenced on August 1, 2016 and has no stated expiration date. For the six months ended May 31, 2022, the Fund repurchased 36,934 common shares valued at $367,667. The weighted average discount per share at the repurchase date was 8.61% for the six months ended May 31, 2022. For the year ended November 30, 2021, the Fund repurchased 87,229 common shares valued at $877,792. The weighted average discount per share at the repurchase date was 8.32% for the year ended November 30, 2021.

The Fund intends to repurchase its common shares, at such times and in such amounts as is deemed advisable and in accordance with applicable law, subject to various factors, including the limitations imposed by the federal securities laws governing the repurchase of an issuer’s shares by the issuer.

On May 19, 2022, the Fund’s Board approved a tender offer for the Fund’s common shares in accordance with the Fund's Annual Measurement Period program. The tender offer authorized the Fund to purchase up to 5% of its issued and outstanding shares at a price equal to 98% of the Fund’s NAV at the close of business on the NYSE on July 1, 2022, the first business day following the expiration of the offer. The tender offer commenced on June 1, 2022 and expired on June 30, 2022. In connection with the tender offer, the Fund purchased 558,998 shares at a total cost of $6,567,755. The tender offer was oversubscribed and all tenders of shares were subject to pro-ration (at a ratio of approximately 14.59%) in accordance with the terms of the tender offer.

5. Line of Credit

For the six months ended May 31, 2021, the Fund borrowed a portion of the money available to it pursuant to a $70,000,000 Amended and Restated Credit Agreement with The Bank of New York Mellon (BNY Mellon) that expired on June 10, 2022. Effective June 10, 2022, the Fund entered into Amendment No. 7 to the Amended and Restated Credit Agreement in the Commitment Amount of $55,000,000 that is scheduled to terminate on June 9, 2023. Depending on market conditions and amount borrowed, the amount borrowed by the Fund pursuant to the Credit Agreement may be reduced or possibly increased in the future.

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At May 31, 2022, the par value of loans outstanding was $34,100,000, at a variable interest rate of 0.99%. The carrying value of the loan approximates fair value. During the six months ended May 31, 2022, the average daily balance of loans outstanding was $44,476,923, at a weighted average interest rate of approximately 1.26%.

Interest on borrowings is based on a variable short-term rate plus an applicable margin. The commitment fee under the Amended and Restated Credit Agreement was computed at a rate of 0.15% per annum on the unused balance. The loan is collateralized by the Fund’s portfolio.

6. Derivatives

US GAAP requires disclosures that enable investors to understand: (1) how and why an entity uses derivatives; (2) how they are accounted for; and (3) how they affect an entity’s results of operations and financial position.

Foreign Currency Exchange Contracts — The Fund may enter into foreign currency exchange contracts and foreign cross currency exchange contracts as a way of managing foreign exchange rate risk. The Fund may enter into these contracts to fix the US dollar value of a security that it has agreed to buy or sell for the period between the date the trade was entered into and the date the security is delivered and paid for. The Fund may also enter into these contracts to hedge the US dollar value of securities it already owns that are denominated in foreign currencies. In addition, the Fund may enter into these contracts to facilitate or expedite the settlement of portfolio transactions. The change in value is recorded as an unrealized gain or loss. When the contract is closed, a realized gain or loss is recorded equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

The use of foreign currency exchange contracts and foreign cross currency exchange contracts does not eliminate fluctuations in the underlying prices of the securities, but does establish a rate of exchange that can be achieved in the future. Although foreign currency exchange contracts and foreign cross currency exchange contracts limit the risk of loss due to an unfavorable change in the value of the hedged currency, they also limit any potential gain that might result should the value of the currency change favorably. In addition, the Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts. The Fund's maximum risk of loss from counterparty credit risk is the value of its currency exchanged with the counterparty. The risk is generally mitigated by having a netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund's exposure to the counterparty.

During the six months ended May 31, 2022, the Fund entered into foreign currency exchange contracts to fix the US dollar value of a security between trade date and settlement date and to hedge the US dollar value of securities it already owns that are denominated in foreign currencies to increase/decrease exposure to foreign currencies.

Swap Contracts — The Fund may enter into CDS contracts in the normal course of pursuing its investment objective. The Fund may enter into CDS contracts in order to hedge against a credit event, to enhance total return or to gain exposure to certain securities or markets. Swap agreements are bilaterally negotiated agreements between a Fund and counterparty to exchange or swap investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap agreements are privately negotiated in the over the counter market (OTC swaps). If the OTC swap entered is one of the swaps identified by a relevant regulator as a swap that is required to be cleared, then it will be cleared through a third party, known as a central counterparty or derivatives clearing organization (centrally cleared swaps).

Credit Default Swaps. A 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). In exchange for the protection offered by the seller of protection, the purchaser of protection agrees to pay the seller of protection a periodic amount at a stated rate that is applied to the notional amount of the CDS contract. In addition, an upfront payment may be made or received by the Fund in connection with an unwinding or assignment of a CDS contract. Upon the occurrence of a credit event, the seller of protection would pay the par (or other agreed-upon) value of the reference security (or basket of securities) to the counterparty. Credit events generally include, among others, bankruptcy, failure to pay, and obligation default.

During the six months ended May 31, 2022, the Fund entered into CDS contracts as a purchaser of protection. Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized 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

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

6. Derivatives (continued)

the maturity or termination of the agreement. Initial margin and variation margin are posted to central counterparties for centrally cleared CDS basket trades, as determined by the applicable central counterparty. During the six months ended May 31, 2022, the Fund did not enter into any CDS contracts as a seller of protection.

CDS contracts may involve greater risks than if the Fund had invested in the reference obligation directly. CDS contracts are subject to general market risk, liquidity risk, counterparty risk, and credit risk. The Fund’s maximum risk of loss from counterparty credit risk, either as the seller of protection or the buyer of protection, is the fair value of the contract. This risk is mitigated by (1) for bilateral swap contracts, having a netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty, and (2) for cleared swaps, trading these instruments through a central counterparty.

During the six months ended May 31, 2022, the Fund used CDS contracts to hedge against credit events.

Swaps Generally. For centrally cleared swaps, payments are received from the broker or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded by the Fund as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. The value of open swaps may differ from that which would be realized in the event the Fund terminated its position in the contract on a given day. Risks of entering into these contracts include the potential inability of the counterparty to meet the terms of the contracts. This type of risk is generally limited to the amount of favorable movement in the value of the underlying security, instrument, or basket of instruments, if any, at the day of default. Risks also arise from potential losses from adverse market movements and such losses could exceed the unrealized amounts shown on the “Schedule of investments.” Fair values of derivative instruments as of May 31, 2022 were as follows:

	Asset
	Derivatives Fair
	Value
Statement of Assets and		Currency
Liabilities Location		Contracts
Unrealized appreciation on foreign currency exchange contracts		$12,231

	Liability Derivatives Fair Value
Statement of Assets and	Currency			Credit
Liabilities Location	Contracts			Contracts				Total
Unrealized depreciation on foreign currency exchange contracts	$	(22,763	)		$	—		$	(22,763	)
Unrealized depreciation on over the counter credit default swap contracts		—				(2,954	)		(2,954	)
Total	$	(22,763	)		$	(2,954	)	$	(25,717	)

The effect of derivative instruments on the “Statement of operations” for the six months ended May 31, 2022 was as follows:

	Net Realized Gain (Loss) on:
	Foreign
	Currency
	Exchange			Swap
	Contracts			Contracts			Total
Currency contracts		$	40,749		$	—	$	40,749
Credit contracts			—			63,053		63,053
Total		$	40,749		$	63,053	$	103,802

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	Net Change in Unrealized Appreciation (Depreciation) of:
	Foreign
	Currency
	Exchange			Swap
	Contracts			Contracts				Total
Currency contracts		$	2,984		$	—			$	2,984
Credit contracts			—			(68,353	)			(68,353	)
Total		$	2,984		$	(68,353	)		$	(65,369	)

The table below summarizes the average balance of derivative holdings by the Fund during the six months ended May 31, 2022:

	Long Derivative		Short Derivative
	Volume		Volume
Foreign currency exchange contracts (average notional value)		$673,619		$	1,059,597
CDS contracts (average notional value)*		292,659			—

*	Long represents buying protection and short represents selling protection.

7. Offsetting

The Fund entered into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or a similar agreement with certain of its derivative contract counterparties in order to better define its contractual rights and to secure rights that will help the Fund mitigate its counterparty risk. An ISDA Master Agreement is a bilateral agreement between the Fund and a counterparty that governs certain over-the-counter derivatives and foreign exchange contracts and typically contains, among other things, collateral posting items and netting provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default (close-out), including the bankruptcy or insolvency of the counterparty. However, bankruptcy, or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency, or other events.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements on the “Statement of assets and liabilities.” At May 31, 2022, the Fund had the following assets and liabilities subject to offsetting provisions:

Offsetting of Financial Assets and Liabilities and Derivative Assets and Liabilities

				Gross Value of
	Gross Value of			Derivative
Counterparty	Derivative Asset			Liability				Net Position
The Bank of New York Mellon		$	41			—			$	41
Citigroup			—			(2,205	)			(2,205	)
JPMorgan Chase Bank			12,190			(23,512	)			(11,322	)
Total		$	12,231		$	(25,717	)		$	(13,486	)

					Fair Value of						Fair Value of
					Non-Cash			Cash Collateral			Non-Cash			Cash Collateral
Counterparty	Net Position				Collateral Received			Received^(a)			Collateral Pledged			Pledged			Net Exposure^(b)
The Bank of New York Mellon		$	41			$	—		$	—		$	—		$	—		$	41
Citigroup			(2,205	)			—			—			—			—			(2,205	)
JPMorgan Chase Bank			(11,322	)			—			—			—			—			(11,322	)
Total		$	(13,486	)		$	—		$	—		$	—		$	—		$	(13,486	)

^(a)	The value of the related collateral exceeded the value of the derivatives as of May 31, 2022, as applicable.

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

7. Offsetting (continued)

^(b)	Net exposure represents the receivable (payable) that would be due from (to) the counterparty in the event of default.

8. Securities Lending

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

Cash collateral received by the Fund is generally invested in a series of individual separate accounts, each corresponding to a fund. The investment guidelines permit each separate account to hold certain securities that would be considered eligible securities for a money market fund. Cash collateral received is generally invested in government securities; certain obligations issued by government sponsored enterprises; repurchase agreements collateralized by US Treasury securities; obligations issued by the central government of any Organization for Economic Cooperation and Development (OECD) country or its agencies, instrumentalities, or establishments; obligations of supranational organizations; commercial paper, notes, bonds, and other debt obligations; certificates of deposit, time deposits, and other bank obligations; certain money market funds; and asset-backed securities. The Fund can also accept US government securities and letters of credit (non-cash collateral) in connection with securities loans.

In the event of default or bankruptcy by the lending agent, realization and/or retention of the collateral may be subject to legal proceedings. In the event the borrower fails to return loaned securities and the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Fund or, at the discretion of the lending agent, replace the loaned securities. The Fund continues to record dividends or interest, as applicable, on the securities loaned and is subject to changes in value of the securities loaned that may occur during the term of the loan. The Fund has the right under the Lending Agreement to recover the securities from the borrower on demand. With respect to security loans collateralized by non-cash collateral, the Fund receives loan premiums paid by the borrower. With respect to security loans collateralized by cash collateral, the earnings from the collateral investments are shared among the Fund, the security lending agent, and the borrower. The Fund records security lending income net of allocations to the security lending agent and the borrower.

The Fund may incur investment losses as a result of investing securities lending collateral. This could occur if an investment in the collateral investment account defaulted or became impaired. Under those circumstances, the value of the Fund’s cash collateral account may be less than the amount the Fund would be required to return to the borrowers of the securities and the Fund would be required to make up for this shortfall.

During the six months ended May 31, 2022, the Fund had no securities out on loan.

9. Credit and Market Risk

Beginning in January 2020, global financial markets have experienced and may continue to experience significant volatility resulting from the spread of a novel coronavirus known as COVID-19. The outbreak of COVID-19 has resulted in travel and border restrictions, quarantines, supply chain disruptions, lower consumer demand, and general market uncertainty. The effects of COVID-19 have and may continue to adversely affect the global economy, the economies of certain nations, and individual issuers, all of which may negatively impact the Fund's performance.

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When interest rates rise, fixed income securities (i.e. debt obligations) generally will decline in value. These declines in value are greater for fixed income securities with longer maturities or durations.

IBOR is the risk that changes related to the use of the London interbank offered rate (LIBOR) and other interbank offered rate (collectively, "IBORs") could have adverse impacts on financial instruments that reference LIBOR (or the corresponding IBOR). The abandonment of LIBOR could affect the value and liquidity of instruments that reference LIBOR. The use of alternative reference rate products may impact investment strategy performance. These risks may also apply with respect to changes in connection with other IBORs, such as the euro overnight index average (EONIA), which are also the subject of recent reform.

Investments in equity securities in general are subject to market risks that may cause their prices to fluctuate over time. Fluctuations in the value of equity securities in which the Fund invests will cause the NAV of the Fund to fluctuate.

The Fund borrows through its line of credit for purposes of leveraging. Leveraging may result in higher degrees of volatility because the Fund’s NAV could be subject to fluctuations in short-term interest rates and changes in market value of portfolio securities attributable to the leverage. Leverage magnifies the potential for gain and the risk of loss. As a result, a relatively small decline in the value of the underlying investments could result in a relatively large loss. In addition, the leverage through the line of credit is dependent on the credit provider’s ability to fulfill its contractual obligations.

Some countries in which the Fund may invest require governmental approval for the repatriation of investment income, capital, or the proceeds of sales of securities by foreign investors. In addition, if there is deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

The securities exchanges of certain foreign markets are substantially smaller, less liquid, and more volatile than the major securities markets in the United States. Consequently, acquisition and disposition of securities by the Fund may be inhibited. In addition, a significant portion of the aggregate market value of equity securities listed on the major securities exchanges in emerging markets is held by a smaller number of investors. This may limit the number of shares available for acquisition or disposition by the Fund.

The Fund invests in certain obligations that may have liquidity protection designed to ensure that the receipt of payments due on the underlying security is timely. Such protection may be provided through guarantees, insurance policies, or letters of credit obtained by the issuer or sponsor through third parties, through various means of structuring the transaction or through a combination of such approaches. The Fund will not pay any additional fees for such credit support, although the existence of credit support may increase the price of a security.

The Fund invests in bank loans and other securities that may subject it to direct indebtedness risk, the risk that the Fund will not receive payment of principal, interest, and other amounts due in connection with these investments and will depend primarily on the financial condition of the borrower. Loans that are fully secured offer the Fund more protection than unsecured loans in the event of nonpayment of scheduled interest or principal, although there is no assurance that the liquidation of collateral from a secured loan would satisfy the corporate borrower’s obligation, or that the collateral can be liquidated. Some loans or claims may be in default at the time of purchase. Certain of the loans and the other direct indebtedness acquired by the Fund may involve revolving credit facilities or other standby financing commitments that obligate the Fund to pay additional cash on a certain date or on demand. These commitments may require the Fund to increase its investment in a company at a time when the Fund might not otherwise decide to do so (including at a time when the company’s financial condition makes it unlikely that such amounts will be repaid). To the extent that the Fund is committed to advance additional funds, it will at all times hold and maintain cash or other high grade debt obligations in an amount sufficient to meet such commitments. When a loan agreement is purchased, the Fund may pay an assignment fee. On an ongoing basis, the Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a loan agreement. Prepayment penalty fees are received upon the prepayment of a loan agreement by a borrower. Prepayment penalty, facility, commitment, consent, and amendment fees are recorded to income as earned or paid.

As the Fund may be required to rely upon another lending institution to collect and pass on to the Fund amounts payable with respect to the loan and to enforce the Fund’s rights under the loan and other direct indebtedness, an insolvency, bankruptcy, or reorganization of the lending institution may delay or prevent the Fund from receiving such amounts. The highly leveraged nature of many loans may make them especially vulnerable to adverse changes in economic or market conditions. Investments in such loans and other direct indebtedness may involve additional risk to the Fund.

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Notes to financial statements
Delaware Enhanced Global Dividend and Income Fund

9. Credit and Market Risk (continued)

The Fund invests a portion of its assets in high yield fixed income securities, which are securities rated BB or lower by Standard & Poor’s Financial Services LLC and Ba or lower by Moody’s Investors Service Inc., or similarly rated by another nationally recognized statistical rating organization. Investments in these higher yielding securities are generally accompanied by a greater degree of credit risk than higher rated securities. Additionally, lower rated securities may be more susceptible to adverse economic and competitive industry conditions than investment grade securities.

The Fund invests in fixed income securities whose value is derived from an underlying pool of mortgages or consumer loans. The value of these securities is sensitive to changes in economic conditions, including delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates. Investors receive principal and interest payments as the underlying mortgages and consumer loans are paid back. Some of these securities are CMOs. CMOs are debt securities issued by US government agencies or by financial institutions and other mortgage lenders, which are collateralized by a pool of mortgages held under an indenture. Prepayment of mortgages may shorten the stated maturity of the obligation and can result in a loss of premium, if any has been paid. Certain of these securities may be stripped (securities which provide only the principal or interest feature of the underlying security). The yield to maturity on an interest-only CMO is extremely sensitive not only to changes in prevailing interest rates, but also to the rate of principal payments (including prepayments) on the related underlying mortgage assets. A rapid rate of principal payments may have a material adverse effect on the Fund’s yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Fund may fail to fully recoup its initial investment in these securities even if the securities are rated in the highest rating categories.

The Fund invests in REITs and is subject to the risks associated with that industry. If the Fund holds real estate directly as a result of defaults or receives rental income directly from real estate holdings, its tax status as a regulated investment company may be jeopardized. There were no direct real estate holdings during the six months ended May 31, 2022. The Fund’s REIT holdings are also affected by interest rate changes, particularly if the REITs it holds use floating rate debt to finance their ongoing operations. The Fund also invests in real estate acquired as a result of ownership of securities or other instruments, including issuers that invest, deal, or otherwise engage in transactions in real estate or interests therein. These instruments may include interests in private equity limited partnerships or limited liability companies that hold real estate investments (Real Estate Limited Partnerships). The Fund will limit its investments in Real Estate Limited Partnerships to 5% of its total assets at the time of purchase. As of May 31, 2022, there were no unfunded commitment for the limited partnership outstanding in the fund.

The Fund may invest up to 10% of its net assets in illiquid securities, which may include securities with contractual restrictions on resale, securities exempt from registration under Rule 144A promulgated under the Securities Act of 1933, as amended, and other securities which may not be readily marketable. The relative illiquidity of these securities may impair the Fund from disposing of them in a timely manner and at a fair price when it is necessary or desirable to do so. While maintaining oversight, the Board has delegated to DMC, the day-to-day functions of determining whether individual securities are liquid for purposes of the Fund’s limitation on investments in illiquid securities. Securities eligible for resale pursuant to Rule 144A, which are determined to be liquid, are not subject to the Fund’s 10% limit on investments in illiquid securities. Rule 144A securities have been identified on the “Schedule of investments.”

10. Contractual Obligations

The Fund enters into contracts in the normal course of business that contain a variety of indemnifications. The Fund's maximum exposure under these arrangements is unknown. However, the Fund has not had prior claims or losses pursuant to these contracts. Management has reviewed the Fund's existing contracts and expects the risk of loss to be remote.

11. Recent Accounting Pronouncements

In March 2020, FASB issued an Accounting Standards Update (ASU), ASU 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in ASU 2020-04 provide optional temporary financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of LIBOR and other interbank-offered based reference rates as of the end of 2021. ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. As of the financial reporting period, Management is evaluating the impact of applying this ASU.

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12. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to May 31, 2022, that would require recognition or disclosure in the Fund's financial statements.

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Other Fund information (Unaudited)
Delaware Enhanced Global Dividend and Income Fund

Fund management

The portfolio management team responsible for making the day-to-day investment decisions for the Fund includes Åsa Annerstedt, Adam H. Brown, Liu-Er Chen, Chris Gowlland, Jens Hansen, Allan Saustrup Jensen, Claus Juul, Nikhil G. Lalvani, Benjamin Leung, Stefan Löwenthal, John P. McCarthy, Klaus Petersen, Scot Thompson, Michael G. Wildstein, and Jürgen Wurzer. Listed below are the biographies for each member of the portfolio management team.

Åsa Annerstedt
Vice President, Portfolio Manager

Åsa Annerstedt is a Portfolio Manager for the firm’s Global Equity team. She joined Macquarie Asset Management (MAM) in June 2018. Annerstedt has been a portfolio manager since 2013. Previously, she was a member of the investment committee of a European Union fund dedicated to the financing of companies. Between 1999 and 2009, she managed award-winning European Small Cap and Global Equity portfolios at SEB Asset Management in Denmark. She started her career in 1996 as a business controller and consultant in Sweden. Annerstedt attended Ecole Supérieur de Commerce in Paris and Marseille and earned a master’s degree in finance and international trade from Lund University in Sweden.

Ms. Annerstedt has been a co-portfolio manager of the Fund since July 2019.

Adam H. Brown, CFA
Managing Director, Senior Portfolio Manager

Adam H. Brown is a Senior Portfolio Manager for the firm’s high yield strategies within Macquarie Asset Management Fixed Income (MFI). He manages MFI’s bank loan portfolios and is a co-portfolio manager for the high yield, fixed rate multisector, and core plus strategies. Brown joined Macquarie Asset Management (MAM) in April 2011 as part of the firm’s integration of Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was a co-portfolio manager on the firm’s collateralized loan obligations (CLOs) and a senior research analyst supporting noninvestment grade portfolios. Before that, Brown was with the predecessor of Wells Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and corporate issuers. He earned an MBA from the A.B. Freeman School of Business at Tulane University and a bachelor’s degree in Accounting from the University of Florida.

Mr. Brown has been a co-portfolio manager of the Fund since July 2016.

Liu-Er Chen, CFA
Managing Director, Chief Investment Officer — Emerging Markets and Healthcare

Liu-Er Chen heads the firm’s global Emerging Markets team, and he is also the portfolio manager for Delaware Healthcare Fund, which launched in September 2007. Prior to joining Macquarie Asset Management (MAM) in September 2006 in his current position, he spent nearly 11 years at Evergreen Investment Management Company, where he most recently worked as managing director and senior portfolio manager. He co-managed the Evergreen Emerging Markets Growth Fund from 1999 to 2001, and became the Fund’s sole manager in 2001. He was also the sole manager of the Evergreen Health Care Fund since its inception in 1999. Chen began his career at Evergreen in 1995 as an analyst covering Asian and global healthcare stocks, before being promoted to portfolio manager in 1998. Prior to his career in asset management, Chen worked for three years in sales, marketing, and business development for major American and European pharmaceutical and medical device companies. He received his medical education in China, and he has experience in medical research at both the Chinese Academy of Sciences and Cornell Medical School. He holds an MBA with a concentration in management from Columbia Business School.

Mr. Chen has been a co-portfolio manager of the Fund since June 2007.

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Chris Gowlland, CFA
Senior Vice President, Head of Equity Quantitative Research

Chris Gowlland is the Head of Equity Quantitative Research, a role he assumed in July 2019. As part of his role, he also serves as portfolio manager for certain portfolios managed by the Global Equity team and for several different strategies in the firm’s multi-asset class offerings. Previously, he was a senior quantitative analyst for the firm’s equity department. Prior to joining Macquarie Asset Management (MAM) in May 2007, he spent seven years working in fundamental equity research and corporate finance for Morgan Stanley and Commerzbank Securities, followed by two years as a quantitative strategist at Morgan Stanley and at State Street Global Markets. Gowlland holds a bachelor’s degree in Chinese and Spanish from the University of Leeds (UK), a master’s degree in development studies from Brown University, and another master’s degree in international management from Thunderbird. He also spent several years in a Ph.D. program in political economy at Harvard University. Gowlland is a member of the CFA Institute, the CFA Society New York, the CFA Society of Philadelphia, and the Society of Quantitative Analysts.

Mr. Gowlland has been a co-portfolio manager of the Fund since July 2019.

Jens Hansen
Managing Director, Chief Investment Officer — Global Equity Team

Jens Hansen heads the firm’s Global Equity team and is a portfolio manager for the team’s strategies. He joined Macquarie Asset Management (MAM) in June 2018. Hansen has been a portfolio manager since 2001. Hansen started his career in 1982 with Spar Nord Bank, where he worked as an analyst and trader of bonds, equities, and derivatives. In 1994, he joined Nykredit Bank, where he worked as a bond trader. He attended the Aarhus School of Business where he gained a graduate diploma in business administration within finance and international trade.

Mr. Hansen has been a co-portfolio manager of the Fund since July 2019.

Allan Saustrup Jensen, CFA, CAIA^®Vice President, Portfolio Manager

Allan Saustrup Jensen joined Macquarie Asset Management (MAM) in May 2020 as a Portfolio Manager for the firm’s Global Equity team. He has more than 20 years of experience in the asset management industry. Prior to joining MAM, he spent five years at European Capital Partners as a fund manager. From 2010 to 2015, Jensen was a trader at European Value Partners. Prior to that, he spent four years at UBS Wealth Management as a portfolio manager. He began his investment career at Nordea Bank. Jensen attended Copenhagen Business School where he earned a Graduate Diploma in finance.

Mr. Jensen has been a co-portfolio manager of the Fund since May 2020.

Claus Juul
Vice President, Portfolio Manager

Claus Juul is a Portfolio Manager for the firm’s Global Equity team. He joined Macquarie Asset Management (MAM) in June 2018. Juul has been a portfolio manager since 2004. Prior to that, he was an equity analyst at Spar Nord Bank before becoming vice president of the research department in 2001. He started his career in 1998 with Sydbank as an equity analyst. He attended the Aarhus School of Business where he gained a master’s degree in economics and business administration.

Mr. Juul has been a co-portfolio manager of the Fund since July 2019.

Nikhil G. Lalvani, CFA
Managing Director, Senior Portfolio Manager, Team Leader

Nikhil G. Lalvani is a Senior Portfolio Manager for the firm’s US Large Cap Value Equity team and assumed the role of team leader in October 2018. At Macquarie Asset Management (MAM), Lalvani has worked as both a fundamental and quantitative analyst. Prior to joining the firm in 1997 as an account analyst, he was a research associate with Bloomberg. Lalvani holds a bachelor’s degree in finance from The Pennsylvania State University. He is a member of the CFA Institute and the CFA Society of Philadelphia.

Mr. Lalvani has been a co-portfolio manager of the Fund since January 2019.

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Other Fund information (Unaudited)
Delaware Enhanced Global Dividend and Income Fund

Fund management (continued)

Benjamin Leung, CFA
Managing Director, Co-Head of Systematic Investments, Head of Research

Benjamin Leung is the Co-Head of the Macquarie Systematic Investments (MSI) team, a role he assumed in August 2014. In addition to the day-to-day management of the global portfolios, he is also the head of research, responsible for driving the continual evolution of the systematic investment process. Leung joined the MSI team in May 2005 as a quantitative analyst, where his responsibilities included the development and maintenance of various quantitative models. Following his successful efforts to expand the quantitative capability to international markets, he formed the foundation of the current systematic investment approach. Prior to joining the MSI team, he worked as a software engineer for Macquarie’s Investment Banking Group Information Services Division in Sydney. Leung received a Bachelor of Engineering with Honours and a Masters in Commerce from the University of New South Wales.

Mr. Leung has been a co-portfolio manager of the Fund since January 2021.

Stefan Löwenthal, CFA
Managing Director, Chief Investment Officer — Global Multi Asset Team

Stefan Löwenthal is the Chief Investment Officer for Macquarie Asset Management’s Global Multi Asset team, a role he assumed in February 2013. He heads the global multi asset team, which is responsible for asset allocation and portfolio construction, the management of multi asset funds and institutional accounts, as well as the development of new investment strategies. In addition, Löwenthal oversees all research, portfolio management, and thought leadership activities of the team. He chairs the firm’s Investment Policy Committee and is a member of the Professional Series Multi Manager Committee and the Private Infrastructure Fund Governance Committee. He joined Macquarie in February 2008 as a portfolio manager on the global multi asset team. He holds a Master of Management Science from Vienna University of Economics and Business. Löwenthal is a member of the CFA Society Austria and is a frequent speaker at industry events and universities.

Mr. Löwenthal has been a co-portfolio manager of the Fund since September 2020.

John P. McCarthy, CFA
Managing Director, Senior Portfolio Manager

John P. McCarthy is a Senior Portfolio Manager for the Macquarie Asset Management Fixed Income (MFI) high yield strategies, a role he assumed in July 2016. From December 2012 to June 2016, he was co-head of credit research for MFI. McCarthy rejoined Macquarie Asset Management (MAM) in March 2007 as a senior research analyst, after he worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader, and from 2001 to 2002 as a municipal bond trader. Prior to rejoining the firm, he was a senior high yield analyst/trader at Chartwell Investment Partners. McCarthy earned a bachelor’s degree in business administration from Babson College, and he is a member of the CFA Society of Philadelphia.

Mr. McCarthy has been a co-portfolio manager of the Fund since December 2012.

Klaus Petersen, CFA
Managing Director, Senior Portfolio Manager

Klaus Petersen is a Senior Portfolio Manager for the firm’s Global Equity team. He joined Macquarie Asset Management (MAM) in June 2018. Petersen has been a portfolio manager since 2006. Previously, he worked for ATP, Denmark’s largest pension fund, beginning in 1999 as a senior portfolio manager and later in the role as team leader of the technology, media, and telecommunications (TMT) team. He joined Codan Bank in 1996, first as a senior sales analyst and later as a senior portfolio manager. Between 1988 and 1996, Petersen worked for various brokers as an equity sales analyst. He started his career in 1984 as an administrator of pension pools at Faellesbanken in Denmark. Petersen attended the Copenhagen Business School where he gained a graduate diploma in business administration (financial and management accounting).

Mr. Petersen has been a co-portfolio manager of the Fund since July 2019.

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Scot Thompson
Managing Director, Co-Head of Systematic Investments, Portfolio Manager

Scot Thompson is the Co-Head of the Macquarie Systematic Investments (MSI) team, a role he assumed in August 2014. His responsibilities include the day-to-day management of the global portfolios, oversight of the trading function, development of new strategies, and client engagement. From June 2003 to August 2014, Thompson was the equities head of product, responsible for product design, development, and client relationships for the firm’s Australian and global equities product range. Before that, he was a member of the firm’s private equity fund-of-fund and performance analytics teams. Prior to joining Macquarie in November 2001 as a quantitative performance analyst, he worked on the performance analytics team for Cogent Investment Administration, where he was responsible for investment performance and attribution reporting for a variety of clients over all asset classes. Thompson also work in civil engineering before moving to finance, working for several Australian companies as a project manager focusing on underground installations, quarrying, and mining. He received a Bachelor of Civil Engineering from the University of Sydney and a Master of Applied Finance from Macquarie University.

Mr. Thompson has been a co-portfolio manager of the Fund since January 2021.

Michael G. Wildstein, CFA
Senior Managing Director, Head of US Credit and Insurance

Michael G. Wildstein is Head of US Credit and Insurance for Macquarie Asset Management Fixed Income (MFI). He manages corporate credit-related portfolios. Before joining the team, he was a senior corporate bond analyst for MFI, focused on the telecommunications sector for high-grade and high yield portfolios. Prior to joining Macquarie Asset Management (MAM) in March 2007 as a senior research analyst, Wildstein spent five years at Merrill Lynch Investment Managers in various roles that included portfolio manager for the core bond team, corporate bond research analyst, and corporate bond trader. Prior to this, Wildstein worked in finance, corporate strategy, and business development with several firms including RCN Corporation and AT&T Local Services. He earned an MBA from Drexel University and a bachelor’s degree from the University of Tampa.

Mr. Wildstein has been a co-portfolio manager of the Fund since September 2020.

Jürgen Wurzer, CFA
Senior Vice President, Deputy Head of Portfolio Management — Global Multi Asset Team

Jürgen Wurzer is the Deputy Head of Macquarie Asset Management’s Global Multi Asset team, a role he assumed in April 2018. He is responsible for designing and managing multi asset strategies, overseeing quantitative research and modelling, as well as analyzing global equity markets. He initially joined Macquarie in January 2007, focusing on multi asset solutions. Prior to re-joining Macquarie in April 2018, he was part of the multi asset management team at Erste Asset Management from September 2016 to March 2018. He graduated from University of Applied Sciences Wiener Neustadt with a master’s degree. Wurzer is a lecturer for asset allocation, quantitative finance, and portfolio and risk management at several educational institutions.

Mr. Wurzer has been a co-portfolio manager of the Fund since September 2020.

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Other Fund information (Unaudited)
Delaware Enhanced Global Dividend and Income Fund

Dividend reinvestment plan

Pursuant to the Fund’s Dividend Reinvestment Plan (the “DRIP”), unless you elect to receive distributions in cash (i.e., opt-out), all dividends, including any capital gain dividends, on your common shares will be automatically reinvested by Computershare Trust Company, N.A., as agent for the shareholders (the “DRIP Agent”), in additional common shares under the DRIP. You may elect not to participate in the DRIP by contacting the DRIP Agent. If you do not participate, you will receive all cash distributions paid by check mailed directly to you by Computershare, Inc. as dividend paying agent.

If you participate in the DRIP, the number of common shares you will receive will be determined as follows:

(1) If the market price of the common shares on the record date (or, if the record date is not a New York Stock Exchange (“NYSE”) trading day, the immediately preceding trading day) for determining shareholders eligible to receive the relevant dividend or distribution (the “determination date”) is equal to or exceeds 98% of the net asset value per share of the common shares, the Fund will issue new common shares at a price equal to the greater of:

(a) 98% of the net asset value per share at the close of trading on the NYSE on the determination date or

(b) 95% of the market price of the common shares on the determination date.

(2) If 98% of the net asset value per share of the common shares exceeds the market price of the common shares on the determination date, the DRIP Agent will receive the dividend or distribution in cash and will buy common shares in the open market, on the NYSE or elsewhere, for your account as soon as practicable commencing on the trading day following the determination date and terminating no later than the earlier of (a) 30 days after the dividend or distribution payment date, or (b) the record date for the next succeeding dividend or distribution to be made to the shareholders; except when necessary to comply with applicable provisions of the federal securities laws. If during this period: (i) the market price rises so that it equals or exceeds 98% of the net asset value per share of the common shares at the close of trading on the NYSE on the determination date before the DRIP Agent has completed the open market purchases, or (ii) if the DRIP Agent is unable to invest the full amount eligible to be reinvested in open market purchases, the DRIP Agent will cease purchasing common shares in the open market and the Fund shall issue the remaining common shares at a price per share equal to the greater of (a) 98% of the net asset value per share at the close of trading on the NYSE on the determination date, or (b) 95% of the then-current market price per share.

Common shares in your account will be held by the DRIP Agent in non-certificated form. Any proxy you receive will include all shares of common shares you have received under the DRIP.

You may withdraw from the DRIP (i.e., opt-out) by notifying the DRIP Agent in writing at P.O. Box 43078, Providence, Rhode Island 02940-3078. Such withdrawal will be effective immediately if notice is received by the DRIP Agent prior to any dividend or distribution record date; otherwise such withdrawal will be effective as soon as practicable after the DRIP Agent’s investment of the most recently declared dividend or distribution on the common shares. The DRIP may be amended or supplemented by the Fund upon notice in writing mailed to shareholders at least 30 days prior to the record date for the payment of any dividend or distribution by the Fund for which the termination is to be effective. Upon any termination, the DRIP Agent will continue to hold whole shares for you in non-certificated form until otherwise notified by you, and will cause a cash adjustment for any fractional shares to be delivered to you after deducting brokerage commissions actually incurred. You may elect to notify the DRIP Agent in advance of such termination, or at any time following termination, to have the DRIP Agent sell part or all of your common shares on your behalf. You will be charged a service charge and the DRIP Agent is authorized to deduct brokerage charges actually incurred for this transaction from the proceeds.

There is no service charge for reinvestment of your dividends or distributions in common shares. However, all participants will pay a per share processing fee, which includes any brokerage commissions incurred by the DRIP Agent when it makes open market purchases. Because all dividends and distributions will be automatically reinvested in additional common shares, this allows you to add to your investment through dollar cost averaging, which may lower the average cost of your common shares over time. Dollar cost averaging is a technique for lowering the average cost per share over time if the Fund’s net asset value declines. While dollar cost averaging has definite advantages, it cannot assure profit or protect against loss in declining markets.

Automatically reinvesting dividends and distributions does not mean that you do not have to pay income taxes due upon receiving dividends and distributions. Investors will be subject to income tax on amounts reinvested under the DRIP.

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The Fund reserves the right to amend or terminate the DRIP if, in the judgment of the Board, the change is warranted. There is no direct service charge to participants in the DRIP; however, the Fund reserves the right to amend the DRIP to include a service charge payable by the participants.

Additional information about the DRIP and your account may be obtained from the DRIP Agent at P.O. Box 43078, Providence, Rhode Island 02940-3078 or by calling the DRIP Agent at (800)-426-5523.

Section 19(a) notices

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the 1940 Act, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain, and (iv) return of capital or other capital source. These percentages are disclosed for the fiscal year-to-date cumulative distribution amount per share for the Fund.

The amounts and sources of distributions reported in these 19(a) notices are only estimates and not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Total Cumulative Distributions
for the six months ended
May 31, 2022
	Net	Net
	Realized	Realized
	Short-	Long-		Total
Net	Term	Term	Return	Per
Investment	Capital	Capital	of	Common
Income	Gains	Gains	Capital	Share
$0.1342	$0.0153	$0.2277	$—	$0.3772

Percentage Breakdown of the
Total Cumulative Distributions
for the six months ended
May 31, 2022
	Net	Net
	Realized	Realized
	Short-	Long-		Total
Net	Term	Term	Return	Per
Investment	Capital	Capital	of	Common
Income	Gains	Gains	Capital	Share
35.58%	4.05%	60.37%	0.00%	100.00%

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Fund’s managed distribution policy. The Fund estimates (as of the date hereof) that it has distributed more than its income and net realized capital gains for the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The Fund’s managed distribution policy is described in more detail on the inside front cover of this report.

Tender offer

As described in Note 4 to the Financial Statements, the Fund conducted a tender offer in June 2022 in accordance with the terms of the Fund’s annual Tender Offer Measurement Period program. Since the Fund’s organization in 2007, the Fund has conducted tender offers in 2018, 2019, 2021 and 2022.

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Other Fund information (Unaudited)
Delaware Enhanced Global Dividend and Income Fund

Annual Tender Offer Measurement Period

The Fund’s Board has adopted an annual Tender Offer Measurement Period to provide a periodic liquidity opportunity to Fund shareholders. Specifically, if the Fund is trading at an average discount to net asset value of more than 10% during a 12-week measurement period established each year by the Board commencing during the first calendar quarter of the year and ending in the second calendar quarter, the Fund will consider conducting a tender offer during the second calendar quarter, subject to the conditions in the following paragraph. The average discount will be determined on the basis of the discount or premium, as the case may be, as of the last trading day in each week during such 12-week period.

Under the Tender Offer Measurement Period program, the Fund does not accept tenders or effect repurchases if: (1) such transactions, if consummated, would (a) result in delisting of the Fund’s shares from the New York Stock Exchange (“NYSE”) (for example, if the Fund’s capitalization would fall below the minimum threshold for continued listing); (b) impair the Fund’s status as a regulated investment company under the Internal Revenue Code of 1986, as amended; or (c) result in a failure to comply with the applicable asset coverage requirements in the event any senior securities are issued and outstanding (including those required by rating agencies or lenders, if any); (2) the amount of shares tendered would require liquidation of such a substantial portion of the Fund’s portfolio securities that the Fund would not be able to liquidate portfolio securities in an orderly manner in light of the existing market conditions or such liquidation would have an adverse effect on the NAV of the Fund to the detriment of non-tendering shareholders; (3) there is any (a) legal action or proceeding instituted or threatened challenging such transactions or otherwise adversely affecting the Fund that, in the Board’s judgment, would be material to the Fund; (b) suspension of or limitation on prices for trading securities generally on the NYSE or other national securities exchange(s), or the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) National Market System; (c) declaration of a banking moratorium by Federal or state authorities or any suspension of payment by banks in the United States or New York State; (d) limitation affecting the Fund or the issuers of its portfolio securities imposed by federal or state authorities on the extension of credit by lending institutions; (e) commencement of war, armed hostilities or other international or national calamity directly or indirectly involving the United States; or (f) other event or condition that, in the Board’s judgment, would have a material adverse effect on the Fund or its shareholders if tendered shares were purchased; or (4) the Board determines that effecting any such transaction would constitute a breach of its fiduciary duty owed to the Fund or its shareholders. The Board may modify these exceptions in light of experience.

There can be no assurance that a tender offer will reduce or eliminate any spread between market price and the net asset value of the Fund’s shares. The market price of the shares will, among other things, be determined by the relative demand for and supply of shares in the market, the Fund’s investment performance, the Fund’s dividends and yields, and investor perception of the Fund’s overall attractiveness as an investment as compared with other investment alternatives. Nevertheless, the fact that a tender offer may be conducted may result in more of a reduction in the spread between market price and net asset value than might otherwise be the case.

Fund strategies and risks

What are the Fund’s principal investment strategies?

The Fund seeks to achieve its objectives by focusing on broad diversification within its portfolio by investing globally in dividend-paying or income-generating securities across multiple asset classes. The Fund may invest in a variety of dividend-paying or income-generating securities. Not all investments, however, are required to pay dividends or interest. Under normal market conditions, the Fund will invest at least 80% of its net assets in a combination of dividend-paying or income-generating securities across multiple asset classes, including but not limited to, equity securities of large, well-established companies; securities issued by real estate companies (including real estate investment trusts (REITs) and real estate operating companies (REOCs), debt securities (such as government bonds, investment grade and high risk, high yield corporate bonds, and convertible bonds), and emerging market securities. In addition, under normal market conditions, the Fund will invest: (1) at most 60% of its net assets in securities of US issuers; (2) at least 40% of its net assets in securities of non-US issuers, unless market conditions are not deemed favorable by the Manager, in which case the Fund would invest at least 30% of its net assets in the securities of non-US issuers; and (3) up to 25% of its net assets in securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies). The Fund utilizes leveraging techniques in an attempt to obtain higher return for the Fund.

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The Fund may not invest more than 25% of the Fund’s net assets in any one industry nor, with regard to 75% of the Fund’s total assets, will more than 5% be invested in the securities of any one issuer. In addition, the Manager will use a combination of dividend capture trading, option overwriting, realization of gains on the sale of securities, dividend growth and currency forwards to enhance the sustainability of the income stream.

The Manager will determine the proportion of the Fund’s assets to be allocated among the various asset classes based on its analysis of economic and market conditions and its assessment of the income and potential for appreciation that can be achieved from investments in such asset classes.

US equities — The Fund invests primarily in securities of large-capitalization companies that the Manager believes generate income and/or have long-term capital appreciation potential. The Manager follows a value, quality and income-oriented investment philosophy in selecting stocks for the Fund using a research-intensive approach that considers factors such as: a security price that reflects a market valuation that is judged to be below the estimated present or future value of the company; favorable earnings growth prospects; expected above-average return on equity and dividend yield; the financial condition of the issuer; and various qualitative factors.

Securities issued by real estate companies — The Fund may invest in REITs and REIT-equivalents located in any country (including the United States and developed, developing, emerging market countries). The Fund may invest in REOCs located in any country (including the United States and emerging market countries). The Fund may invest in securities that represent a variety of different sectors in the real estate industry. Under certain market conditions, the Fund may shift more of its investments to US real estate companies. The Fund may invest in securities issued in any currency and may hold foreign currency.

International equities — The Manager’s investment strategy in international equities seeks long-term growth without undue risk to principal. The Fund invests primarily in equity securities, including common or ordinary stocks, which provide the potential for capital appreciation. The Fund will invest in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts (such as American, European and Global Depositary Receipts ("ADR," "GDRs," and "EDRs," respectively)) that represent indirect interests in securities of foreign issuers. The Fund is not limited in the amount of assets it may invest in such foreign securities.

Emerging market equities — The Manager’s emerging markets strategy seeks long-term capital appreciation and the Fund may invest in a broad range of emerging market equity securities, including common or ordinary stocks. The Manager’s primary emphasis will be on the stocks of companies considered to be from an emerging market country. Under normal circumstances, the Fund intends to, although it is not required to, invest a significant portion of its assets in securities of issuers located in any foreign country (in addition to the United States), including emerging markets.

Convertible securities — The Fund may invest without limit in convertible securities, which are another category of income generating equity securities. These securities may be of any credit quality, including those rated below investment grade by a nationally recognized statistical rating organization (NRSRO) or those that are unrated but deemed equivalent to non-investment grade. The Fund principally invests in convertible securities that offer favorable upside participation and downside protection relative to the underlying equity security that it is linked to. The Manager primarily utilizes convertible securities to invest in sectors or industries of the market which the Manager believes represent attractive investment opportunities but do not offer attractive yields or diversification through traditional equity or debt securities. The convertible structure enables the Manager to gain this exposure while still realizing income returns and minimizing volatility.

US investment grade fixed income — In managing the Fund’s assets allocated to the investment-grade sector, the Fund will invest principally in debt obligations issued or guaranteed by the US government, its agencies or instrumentalities, and by US corporations. The corporate debt obligations in which the Fund may invest include bonds, notes, debentures, and commercial paper of US companies. The US government securities in which the Fund may invest include a variety of securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities which have been established or sponsored by the US government. The investment-grade sector of the Fund’s assets may also be invested in mortgage-backed securities issued or guaranteed by the US government, its agencies, or instrumentalities or by government sponsored corporations. Other mortgage-backed securities in which the Fund may invest are issued by certain private, non-government entities. Subject to quality limitations, the Fund may also invest in securities which are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases. Securities purchased by the Fund within this sector will be rated in one of the four highest rating categories by an NRSRO, such as those rated AAA, AA, A, and BBB by the Standard & Poor’s Ratings Group ("S&P") OR Fitch, Inc. ("Fitch") or Aaa, Aa, A, and Baa by Moody’s Investors Service, Inc. ("Moody's"), or will be unrated securities that the Manager determines are of comparable quality.

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Other Fund information (Unaudited)
Delaware Enhanced Global Dividend and Income Fund

What are the Fund’s principal investment strategies? (continued)

US high yield fixed income — The Fund will invest its assets that are allocated to the domestic high yield sector primarily in those securities having a liberal and consistent yield and those tending to reduce the risk of market fluctuations. The Fund may invest in domestic corporate debt obligations, including notes, which may be convertible or non-convertible, commercial paper, units consisting of bonds with stock or warrants to buy stock attached, debentures, convertible debentures, zero coupon bonds, and pay-in-kind securities ("PIKs"). The Fund will invest in both rated and unrated bonds. The rated bonds that the Fund may purchase in this sector will generally be rated BB or lower by S&P or Fitch, Ba or lower by Moody’s, or similarly rated by another NRSRO. Unrated bonds may be more speculative in nature than rated bonds.

International developed markets fixed income — The international developed markets fixed income sector invests primarily in fixed income securities of issuers organized or having a majority of their assets or deriving a majority of their operating income in international developed markets. These fixed income securities may include foreign government securities, debt obligations of foreign companies, and securities issued by supranational entities.

Emerging markets fixed income — The Fund may purchase securities of issuers in any foreign country, developed and underdeveloped. These investments may include direct obligations of issuers located in emerging markets countries. Fixed income securities in the emerging markets fixed income sector may include foreign government securities, debt obligations of foreign companies, and securities issued by supranational entities.

Other strategies

The Fund may use leverage by borrowing through its line of credit. The Fund reserves the right, if the Manager believes that market conditions are appropriate, to use leverage to the extent permitted by the 1940 Act requirements. The Fund also may borrow money as a temporary measure for extraordinary or emergency purposes, including the payment of dividends and the settlement of securities transactions, which otherwise might require untimely dispositions of Fund securities. The Fund may use a variety of additional strategies that would be viewed as potentially adding leverage to the portfolio. These include the sale of credit default swap (CDS) contracts and the use of other derivatives instruments and reverse repurchase agreements.

The Fund may, but is under no obligation to, from time to time employ a variety of investment techniques to hedge against fluctuations in the price of portfolio securities, to enhance total return or to provide a substitute for the purchase or sale of securities. Some of these techniques, such as purchases of put and call options, options on stock indices and stock index futures and entry into certain credit derivatives transactions, may be used as hedges against or substitutes for investments in equity securities. Other techniques such as the purchase of interest rate futures and entry into transactions involving interest rate swaps, options on interest rate swaps, and certain credit derivatives are hedges against or substitutes for investments in debt securities. The Fund might use CDS contracts to limit or to reduce the risk exposure of the Fund to defaults of the issuer or issuers of its holdings (i.e., to reduce risk when the Fund owns or has exposure to such securities). The Fund also might use CDS contracts to create or vary exposure to securities or markets. The aggregate notional amount (typically, the principal amount of the reference security or securities) of the Fund’s investments in the CDS contracts will be limited to 15% of its total net assets. The Fund may also use swaps, financial futures contracts, options on financial futures, or options based on either an index of long-term securities or on equity securities whose prices, in the opinion of the Manager, correlate with the prices of the Fund’s investments.

The Fund may also invest in collateralized mortgage obligations and real estate mortgage investment conduits; bank loans (rated below investment grade); Brady Bonds; other investment companies, including open-end, closed-end, or unregistered investment companies; master limited partnerships; repurchase agreements; privately-placed debt and other securities whose resale is restricted under applicable securities laws, restricted securities, including securities eligible for resale without registration pursuant to Rule 144A under the 1933 Act; short-term investments (including time deposits, certificates of deposit and bankers’ acceptances issued by a US commercial bank; commercial paper and short-term corporate obligations with the highest quality rating by a NRSRO or, if not so rated, of comparable quality as determined by the Manager; US government securities; and repurchase agreements collateralized by securities); options on foreign currencies; forward foreign currency contracts; relatively new or unseasoned companies which are in their early stages of development, or small companies positioned in new and emerging industries where the opportunity for rapid growth is expected to be above average; securities on a when-issued or delayed-delivery basis.

The Fund may invest in other investment companies which can include open-end funds, closed-end funds, unit investment trusts and business development companies to the extent permitted by the 1940 Act, SEC rules thereunder and exemptions thereto.

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The Fund may invest up to 10% of the value of its net assets in illiquid securities.

In response to unfavorable market conditions, the Fund may make temporary investments in cash or cash equivalents or other high-quality, short-term instruments. These investments may not be consistent with the Fund’s investment objective. To the extent that the Fund holds such instruments, it may be unable to achieve its investment objective. Further, the Fund is authorized to borrow up to 5% of its total assets for temporary defensive purposes such as the clearance of portfolio transactions, the payment of dividends or in connection with tender offers or shares repurchases.

The Fund may from time to time engage in short sales of securities, for investment or for hedging purposes. The Fund may also sell short individual stocks that the Fund expects to underperform other stocks which the Fund holds. For hedging purposes, the Fund may purchase or sell short futures contracts on global equity indexes. In addition, the Fund may loan up to 25% of its assets to qualified broker/dealers or institutional investors for their use relating to short sales or other securities transactions. The Fund may lend its portfolio securities to banks or dealers which meet the creditworthiness standards established by the Board of Trustees of the Fund. For additional information regarding Securities Lending, see Note 8 in “Notes to financial statements.” Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor to the Fund’s investment manager and provides asset allocation services. MIMAK has primary day-to-day responsibility for managing the Fund, and may allocate assets to its affiliate, Macquarie Investment Management Global Limited (MIMGL), to invest in real estate investment trust securities and other equity asset classes to which MIMAK may allocate assets. In addition, MIMAK may seek investment advice and recommendations relating to fixed income securities from the Manager’s affiliates: Macquarie Investment Management Europe Limited (MIMEL) and MIMGL. MIMAK may also permit MIMGL, and Macquarie Funds Management Hong Kong Limited (MFMHKL) to execute Fund equity security trades on behalf of MIMAK. MIMAK may also permit MIMEL and MIMGL to exercise investment discretion and perform trading for fixed income securities in certain markets where MIMAK believes it will be beneficial to utilize MIMEL’s or MIMGL’s specialized market knowledge, and MIMAK may also seek quantitative support from MIMGL.

What are the principal risks of investing in the Fund?

Investing in any closed-end fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. An investment in the Fund may not be appropriate for all investors. The Fund’s principal risks include:

Net asset value discount risk — The risk that a closed-end investment company will trade at a discount from its net asset value (NAV).

Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.

Active management and selection risk — The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.

Credit risk — The risk that an issuer of a debt security, including a governmental issuer or an entity that insures a bond, may be unable to make interest payments and/or repay principal in a timely manner. For a further discussion of credit and market risks, see Note 11 in “Notes to financial statements.”

Equity risk — The risk that stocks and other equity securities generally fluctuate in value more than bonds.

Issuer risk — The risk that the value of an issuer’s securities may decline for a number of reasons which directly relate to the issuer, such as management performance, financial leverage, and reduced demand for the issuer’s goods and services.

Interest rate risk — The risk that the prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Interest rate changes are influenced by a number of factors, such as government policy, monetary policy, inflation expectations, and the supply and demand of bonds. Bonds and other fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. A fund may be subject to a greater risk of rising interest rates due to the current period of historically low interest rates.

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Other Fund information (Unaudited)
Delaware Enhanced Global Dividend and Income Fund

What are the principal risks of investing in the Fund? (continued)

Liquidity risk — The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them. Where registration is required to sell a security, a fund may be obligated to pay all or part of the registration expenses, and a considerable period may elapse between the decision to sell and the time the fund may be permitted to sell a security under an effective registration statement. If, during such a period, adverse market conditions were to develop, the fund might obtain a less favorable price than prevailed when it decided to sell. Restricted securities for which no market exists and other illiquid investments are valued at fair value as determined in accordance with procedures approved and periodically reviewed by the Trustees of the fund.

High yield risk — The risk that high yield securities, commonly known as “junk bonds,” are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than are higher-rated securities. High yield bonds are sometimes issued by municipalities that have less financial strength and therefore have less ability to make projected debt payments on the bonds.

Foreign risk — The risk that foreign securities (particularly in emerging markets) may be adversely affected by political instability, changes in currency exchange rates, inefficient markets and higher transaction costs, foreign economic conditions, the imposition of economic or trade sanctions, or inadequate or different regulatory and accounting standards.

Company size risk — The risk that investments in small- and/or medium-sized companies may be more volatile than those of larger companies because of limited financial resources or dependence on narrow product lines.

Leveraging risk — The risk that certain fund transactions using leveraging techniques may give rise to leverage, causing a fund to be more volatile than if it had not been leveraged, which may result in increased losses to a fund. Leveraging techniques, such as borrowing, will pose certain risks for shareholders, including the possibility of higher volatility of both the NAV and market value of the shares. There can be no assurance that a fund would be able to realize a higher net return on its investment portfolio than the then current dividend interest rate on any senior securities. In such event, the fund leveraged capital structure would result in a lower yield to the shareholders than if the fund were not leveraged. Accordingly, the effect of leverage in a declining market is likely to be a greater decline in the NAV of shares than if a fund were not leveraged, which may be reflected in a greater decline in the market price of the shares.

Real estate industry risk — This risk includes, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds; overbuilding; extended vacancies of properties; increases in competition, property taxes, and operating expenses; changes in zoning laws; costs resulting from the cleanup of, and liability to third parties resulting from, environmental problems; casualty for condemnation losses; uninsured damages from floods, earthquakes, or other natural disasters; limitations on and variations in rents; and changes in interest rates. REITs are subject to substantial cash flow dependency, defaults by borrowers, self-liquidation, and the risk of failing to qualify for tax-free pass-through of income under the Internal Revenue Code of 1986, as amended (Internal Revenue Code), or other similar statutes in non-US countries and/or to maintain exemptions from the Investment Company Act of 1940, as amended.

Derivatives risk — Derivatives contracts, such as futures, forward foreign currency contracts, options, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, index, reference rate, or other asset or market factor to which a derivatives contract is associated, moves in the opposite direction from what the portfolio manager anticipated. When used for hedging, the change in value of the derivatives instrument may also not correlate specifically with the currency, rate, or other risk being hedged, in which case a fund may not realize the intended benefits. Derivatives contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to, among other reasons, financial difficulties (such as a bankruptcy or reorganization).

Counterparty risk — The risk that a counterparty to a derivatives contract (such as a swap, futures, or options contract) or a repurchase agreement may fail to perform its obligations under the contract or agreement due to, among other reasons, financial difficulties (such as a bankruptcy or reorganization).

Call options risk — The risk of potential losses if equity markets or an individual equity security do not move as expected and the potential for greater losses than if these techniques had not been used. By writing covered call options, the fund will not benefit from any potential increases in the value of a fund asset above the exercise price, but will bear the risk of declines in the value of the asset. Writing call options may expose a fund to additional costs. Derivatives may be difficult to sell, unwind or value.

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Loans and other indebtedness risk — The risk that a fund will not receive payment of principal, interest, and other amounts due in connection with these investments and will depend primarily on the financial condition of the borrower and the lending institution. A fund’s ability to sell its loans or to realize their full value upon sale may also be impaired due to the lack of an active trading market, irregular trading activity, wide bid/ ask spreads, contractual restrictions, and extended trade settlement periods. In addition, certain loans in which a fund invests may not be considered securities. A fund therefore may not be able to rely upon the anti-fraud provisions of the federal securities laws with respect to these investments.

Currency risk — The risk that fluctuations in exchange rates between the US dollar and foreign currencies and between various foreign currencies may cause the value of an investment to decline.

Forward foreign currency risk — The use of forward foreign currency contracts may substantially change a fund’s exposure to currency exchange rates and could result in losses to a fund if currencies do not perform as the portfolio manager expects. The use of these investments as a hedging technique to reduce a fund’s exposure to currency risks may also reduce its ability to benefit from favorable changes in currency exchange rates.

Lower rated convertible securities and preferred stock risk — The risk that lower rated convertible securities and preferred stock are subject to a more limited and less liquid secondary trading market, greater price volatility, and reduced creditworthiness of issuers. The lack of a liquid secondary market for certain securities also may make it more difficult for a fund to obtain accurate market quotations for purposes of pricing its portfolio and calculating its NAV. Lower quality convertible securities and preferred stocks may have speculative elements or characteristics; their future cannot be considered as well assured and earnings and asset protection may be moderate or poor in comparison to investment grade securities. In addition, such lower quality securities face major ongoing uncertainties or exposure to adverse business, financial or economic conditions, which could lead to inadequate capacity to meet timely payments.

Securities lending risk — The risk that in a securities lending transaction, the borrower would fail financially at a time when the value of the security increases. In addition, should the borrower become insolvent, a fund could be faced with loss of rights in the collateral. For additional discussion on Securities lending risk, see Note 10 in “Notes to financial statements.”

IBOR risk — The risk that changes related to the use of the London Interbank Offered Rate (LIBOR) or similar interbank offered rates (“IBORs,” such as the Euro Overnight Index Average (EONIA)) could have adverse impacts on financial instruments that reference LIBOR or a similar rate. While some instruments may contemplate a scenario where LIBOR or a similar rate is no longer available by providing for an alternative rate setting methodology, not all instruments have such fallback provisions and the effectiveness of replacement rates is uncertain. The abandonment of LIBOR and similar rates could affect the value and liquidity of instruments that reference such rates, especially those that do not have fallback provisions. The use of alternative reference rate products may impact investment strategy performance.

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About the organization

This semiannual report is for the information of Delaware Enhanced Global Dividend and Income Fund shareholders. The figures in this report represent past results that are not a guarantee of future results. The return and principal value of an investment in the Fund will fluctuate so that shares, when sold, may be worth more or less than their original cost.

Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940 that the Fund may, from time to time, purchase shares of its common stock on the open market at market prices. The Fund may purchase up to 10% of its outstanding shares.

Board of directors/trustees

Shawn K. Lytle
President and
Chief Executive Officer
Delaware Funds by Macquarie^®

Jerome D. Abernathy
Managing Member
Stonebrook Capital Management, LLC

Thomas L. Bennett
Chairman of the Board
Delaware Funds by Macquarie
Private Investor

Ann D. Borowiec
Former Chief Executive Officer
Private Wealth Management
J.P. Morgan Chase & Co.

Joseph W. Chow
Private Investor

H. Jeffrey Dobbs⁺Former Global Sector Chairman
of Industrial Manufacturing
KPMG LLP

John A. Fry⁺President
Drexel University

Joseph Harroz, Jr.
President
University of Oklahoma

Sandra A.J. Lawrence⁺Former Chief Administrative Officer
Children's Mercy Hospitals and Clinics

⁺Audit Committee member

Frances A. Sevilla-Sacasa⁺Former Chief Executive
Officer Banco Itaú International

Thomas K. Whitford
Former Vice Chairman
PNC Financial Services Group

Christianna Wood
Chief Executive Officer and President
Gore Creek Capital, Ltd.

Janet L. Yeomans
Former Vice President and Treasurer
3M Company

Affiliated officers

David F. Connor
Senior Vice President,
General Counsel, and Secretary
Delaware Funds by Macquarie

Daniel V. Geatens
Senior Vice President and Treasurer
Delaware Funds by Macquarie

Richard Salus
Senior Vice President and
Chief Financial Officer
Delaware Funds by Macquarie

The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT. The Fund’s Forms N-PORT, as well as a description of the policies and procedures that the Fund uses to determine how to vote proxies (if any) relating to portfolio securities are available without charge (i) upon request, by calling 866 437-0252; and (ii) on the SEC’s website at sec.gov. In addition, a description of the policies and procedures that the Fund uses to determine how to vote proxies (if any) relating to portfolio securities and the Schedule of Investments included in the Fund’s most recent Form N-PORT are available without charge on the Fund’s website at delawarefunds.com/closed-end. The Fund’s Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C.; information on the operation of the Public Reference Room may be obtained by calling 800 SEC-0330. Information (if any) regarding how the Fund voted proxies relating to portfolio securities during the most recently disclosed 12-month period ended June 30 is available without charge (i) through the Fund’s website at delawarefunds.com/proxy; and (ii) on the SEC’s website at sec.gov.

Investment manager
Delaware Management Company, a series
of Macquarie Investment Management
Business Trust (MIMBT)
Philadelphia, PA

Principal office of the Fund
610 Market Street
Philadelphia, PA 19106-2354

Independent registered public
accounting firm
PricewaterhouseCoopers LLP
Two Commerce Square
Suite 1800
2001 Market Street
Philadelphia, PA 19103-7042

Registrar and stock transfer agent
Computershare, Inc.
480 Washington Blvd.
Jersey City, NJ 07310
866 437-0252
computershare.com/investor

Website
delawarefunds.com/closed-end

Your reinvestment options
Delaware Enhanced Global Dividend and Income Fund offers an automatic dividend reinvestment program. If you would like to change your reinvestment option, and shares are registered in your name, contact Computershare, Inc. at 866 437-0252. You will be asked to put your request in writing. If you have shares registered in “street” name, contact the broker/dealer holding the shares or your financial advisor.

If you choose to receive your dividends in cash, you may now elect to receive them by ACH transfer. Contact Computershare at the phone number above for more information.

Item 2. Code of Ethics

Not applicable.

Item 3. Audit Committee Financial Expert

Not applicable.

Item 4. Principal Accountant Fees and Services

Not applicable.

Item 5. Audit Committee of Listed Registrants

Not applicable.

Item 6. Investments

(a) Included as part of report to shareholders filed under Item 1 of this Form N-CSR.

(b) Divestment of securities in accordance with Section 13(c) of the Investment Company Act of 1940.

Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

The information in the semiannual report under “Other Fund information – Fund management” is incorporated by reference into this Item 8.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Companies and Affiliated Purchasers

	(a)	(b)	(c)	(d)
Period	Total Number of Shares Purchased(1)	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Program	Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs
Month #1 (12/1/2020 - 12/31/2020)	22,036	9.68	0	11,909,371.6820
Month #2 (1/1/2021 - 1/31/2021)	0	-	0	11,887,335.6820
Month #3 (2/1/2021 - 2/28/2021)	0	-	0	11,887,335.6820
Month #4 (3/1/2021 - 3/31/2021)	0	-	0	11,887,335.6820
Month #5 (4/1/2021 - 4/30/2021)	0	-	0	11,887,335.6820
Month #6 (5/1/2021 - 5/31/2021)	0	-	0	11,887,335.6820
Total	22,036	9.68	0	11,887,335.6820

The Board previously authorized an open-market share repurchase program pursuant to which the Fund may purchase, from time to time, Fund shares in open-market transactions, at the discretion of management. Effective May 27, 2021, the Board approved a modification to the Fund’s previously announced open-market share repurchase program to authorize the Fund to repurchase up to 5% of the Fund’s shares outstanding in open market transactions as of that date, at the discretion of management.

Item 10. Submission of Matters to a Vote of Security Holders

Not applicable.

Item 11. Controls and Procedures

The registrant’s principal executive officer and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)) and provide 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 (as defined in Rule 30a-3(d) under the Investment Company Act of 1940 (17 CFR 270.30a-3(d)) that occurred during the period covered by the report to stockholders included herein that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits

(a) (1) Code of Ethics

Not applicable.

(2) Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Rule 30a-2 under the Investment Company Act of 1940 are attached hereto as Exhibit 99.CERT.

(3) Written solicitations to purchase securities pursuant to Rule 23c-1 under the Securities Exchange Act of 1934.

Not applicable.

(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are furnished herewith as Exhibit 99.906CERT.

(c) Pursuant to the Securities and Exchange Commission’s Order granting relief from Section 19(b) of the Investment Company Act of 1940 dated January 6, 2009, the 19(a) Notices to Beneficial Owners are attached hereto as Exhibit.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf, by the undersigned, thereunto duly authorized.

DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND

/s/SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer
Date:	August 3, 2022

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer
Date:	August 3, 2022


/s/RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer
Date:	August 3, 2022

EXHIBIT 99.CERT

CERTIFICATION

I, Shawn K. Lytle certify that:

1.	I have reviewed this report on Form N-CSR of Delaware Enhanced Global Dividend and Income Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 3, 2022

/s/SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer

CERTIFICATION

I, Richard Salus, certify that:

1.	I have reviewed this report on Form N-CSR of Delaware Enhanced Global Dividend and Income Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 3, 2022

/s/RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer

EXHIBIT 99.906CERT

Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the attached report of the registrant on Form N-CSR to be filed with the Securities and Exchange Commission (the “Report”), each of the undersigned officers of the registrant does hereby certify, to the best of such officer’s knowledge, that:

1.	The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

2.	The information contained in the Report fairly represents, in all material respects, the financial condition and results of operations of the registrant as of, and for, the periods presented in the Report.

Date: August 3, 2022

/s/SHAWN K. LYTLE
By:	Shawn K. Lytle
Title:	President and Chief Executive Officer


/s/RICHARD SALUS
By:	Richard Salus
Title:	Chief Financial Officer

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act, or other document authenticating, acknowledging, or otherwise adopting the signatures that appear in typed form within the electronic version of this written statement required by Section 906, has been provided to the registrant and will be retained by the registrant and furnished to the SEC or its staff upon request.