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The Delaware information provided
herein may be used in conjunction with the offering of shares only if preceded
or accompanied by a prospectus. All Delaware Investments funds are offered by
prospectus only. See below for information on obtaining prospectuses.
Overview Information
| Fund profile |
Objective
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Portfolio manager(s)
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| Delaware Cash Reserve Fund seeks to provide maximum current income, while preserving principal and maintaining liquidity. |
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Cynthia I. Isom (1998)
Delaware Management Company
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Main investment strategies
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The Fund invests in short-term money market securities, including securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, asset backed securities, and short-term debt instruments of banks and corporations. Delaware Cash Reserve Fund is a money market fund. A money market fund is designed for stability of principal; consequently, the level of income fluctuates. We maintain an average maturity of 90 days or less. Also, we do not purchase any instruments with an effective remaining maturity of more than 397 calendar days (approximately 13 months). We intend to hold our investments until maturity, but we may sell them prior to maturity in order to shorten or lengthen the average maturity of the bonds in the portfolio, increase the yield, maintain the quality of the portfolio, or maintain a stable share value.
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| Fund information (As of 10/31/09) |
| Total net assets |
$445.5 million |
| Class A |
$417.1 million |
| Class B |
$6.0 million |
| Class C |
$10.0 million |
| Inception date |
|
| Class A |
06/30/78 |
| Class B |
05/02/94 |
| Class C |
11/29/95 |
| Dividends |
Mid Month |
| Capital gains |
|
|
Fund Facts
| Fund identifiers |
| |
Class A |
Class B |
Class C |
| NASDAQ |
DCRXX |
DCBXX |
DCCXX |
| CUSIP |
245910104 |
245910302 |
245910401 |
| Delaphone ID |
008 |
055 |
075 |
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| Expense information |
| |
Class A |
Class B |
Class C |
| Max sales load |
0.00% |
0.00% |
0.00% |
| Max CDSC |
0.00% |
4.00% |
1.00% |
| Management fee |
0.45% |
0.45% |
0.45% |
| Net expense ratio |
0.69% |
0.69% |
0.69% |
| Gross expense ratio |
0.69% |
1.69% |
1.69% |
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Quarter-End Performance
The performance data quoted represent past performance; past performance does not guarantee future results. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Performance includes reinvestment of all distributions and is subject to change. Expenses may have been subsidized. Had they not, performance would be lower. For more information, please call 800 523-1918. Class A shares have a maximum up-front sales charge of 4.50% and are subject to an annual distribution fee. Class B shares are subject to a 1.00% annual distribution and service fee and will be subject to a contingent deferred sales charge of up to 4.00% if redeemed before the end of the 6th year. Class C shares are subject to a 1.00% annual distribution and service fee and will be subject to a contingent deferred sales charge of 1.00% if redeemed within the first 12 months. Class R shares are subject to an annual distribution fee. Please see the fee table in the Fund's prospectus for more information.
Investors should consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus contains this and other important information about the investment company. Please request a prospectus by calling 800 523-1918 or by visiting our Web site at www.delawareinvestments.com. Read it carefully before you invest or send money.
Class I and R shares are only available to certain investors. See the prospectus and statement of additional information for a complete explanation.
| Cumulative Data (as of 11/20/09) |
|
Average Annualized (as of 09/30/09) |
| |
Price |
Net Chg |
YTD |
|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Since
Inception |
Inception
Date |
| Class A |
| At NAV |
$1.00 |
no chg |
0.15% |
|
0.50% |
2.72% |
2.87% |
2.71% |
5.90% |
06/30/78 |
| At offer |
$1.00 |
-- |
-- |
|
0.50% |
2.72% |
2.87% |
2.71% |
5.90% |
|
| |
| Class B |
| At NAV |
$1.00 |
no chg |
0.08% |
|
0.19% |
1.93% |
2.06% |
2.02% |
2.84% |
05/02/94 |
| At offer |
$1.00 |
-- |
-- |
|
-3.81% |
1.04% |
1.64% |
2.02% |
2.84% |
|
| |
| Class C |
| At NAV |
$1.00 |
no chg |
0.08% |
|
0.19% |
1.94% |
2.06% |
1.90% |
2.37% |
11/29/95 |
| At offer |
$1.00 |
-- |
-- |
|
-0.81% |
1.94% |
2.06% |
1.90% |
2.37% |
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| |
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Click here for Gross Expense Ratio
Holdings
| Maturity distribution (as of 10/31/09)
|
| |
|
% of Portfolio |
| Under 1 Yr |
100.0% |
|
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| Top 10 holdings (as of 10/31/09)
|
| |
| Holding |
% of Portfolio |
| California St |
2.27% |
|
| Barclays Bank Plc/Ny |
2.24% |
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| Credit Suisse Usa Inc |
2.23% |
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| Washington St Healthcare Facs |
1.94% |
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| Maryland St Health & Higher |
1.68% |
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| New York N Y City Health & Hos |
1.68% |
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| Federal Home Loan Banks |
1.68% |
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| National City Corp |
1.67% |
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| Pnc Funding Corp |
1.38% |
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| Bellsouth Corp |
1.15% |
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| Total % Portfolio in Top 10 holdings |
17.9% |
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|
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| Top 10 sectors (as of 10/31/09)
|
| |
| Sector |
% of Portfolio |
| Municipal |
11.82% |
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| Banks |
9.85% |
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| Diversified Finan Serv |
4.53% |
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| Sovereign |
2.81% |
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| Diversified Financial services |
2.24% |
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| Telecommunications |
1.82% |
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| Cosmetics/Personal Care |
1.12% |
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| Other |
1.12% |
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| Retail |
0.57% |
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| Insurance |
0.23% |
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| Holding information (as of 10/31/09)
|
| |
| # Securities |
89 |
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| # Fixed Income Securities |
89 |
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| # Equity Securities |
0 |
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| # Countries |
3 |
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| # Issuers |
67 |
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| Asset allocation (as of 10/31/09)
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| |
| Cash & Cash Equivalents |
63.9% |
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| Fixed Income |
36.1% |
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Portfolio Characteristics
| Fixed income statistics |
No Portfolio characteristics available for Money Market funds
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Effective at the close of business on May 31, 2007, no new or subsequent investments will be allowed in Class B shares of the Delaware Investments® Family of Funds except through a reinvestment of dividends or capital gains or permitted exchanges. http://www.delawareinvestments.com/Corporate/shareholder/supp_bclass.pdf
An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the Fund.
A rise/fall in the interest rates can have a significant impact on bond prices and the NAV (net asset value) of the fund. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal.
The Delaware information provided herein may be used in conjunction with the offering of shares only if preceded or accompanied by a prospectus. All Delaware Funds are offered by prospectus only. The prospectus contains more complete information on advisory fees, distribution charges, and other expenses and should be read carefully before investing or sending money. A printed copy of any Delaware Investments fund prospectus may be obtained by calling Delaware Investments at 800 523-1918.
Distributed by Delaware Distributors L.P.
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