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| Maturity distribution (as of 10/31/09)
|
| |
|
% of Portfolio |
| 10 to 20 Yrs |
11.7% |
|
| 20 Yrs and over |
3.5% |
|
| Under 1 Yr |
6.2% |
|
| 1 to 3 Yrs |
12.0% |
|
| 3 to 5 Yrs |
21.7% |
|
| 5 to 7 Yrs |
7.2% |
|
| 7 to 10 Yrs |
37.6% |
|
|
|
|
| Top 10 holdings (as of 10/31/09)
|
| |
| Holding |
% of Portfolio |
| Georgia St |
1.39% |
|
| Virginia St |
1.26% |
|
| Dallas Tex Wtrwks & Swr Sys Re |
1.23% |
|
| California Statewide CMNtys |
1.09% |
|
| Massachusetts St |
1.07% |
|
| Georgia St |
1.06% |
|
| Mississippi St |
1.05% |
|
| Dallas Tex Convention Ctr Hote |
1.05% |
|
| Fla Wtr Pollution Ctl Fing |
1.0% |
|
| California St |
0.99% |
|
| Total % Portfolio in Top 10 holdings |
11.2% |
|
|
|
| Top 10 sectors (as of 10/31/09)
|
| |
| Sector |
% of Portfolio |
| State general obligation |
20.02% |
|
| Healthcare |
12.67% |
|
| Special tax |
12.58% |
|
| Transportation |
10.56% |
|
| Corporate |
10.26% |
|
| Local general obligation |
8.3% |
|
| Water/sewer |
7.2% |
|
| Pre-Refunded/ETM |
5.63% |
|
| Education |
3.88% |
|
| Electric |
3.01% |
|
|
|
|
| Holding information (as of 10/31/09)
|
| |
| # Securities |
225 |
|
| # Fixed Income Securities |
225 |
|
| # Equity Securities |
0 |
|
| # Countries |
3 |
|
| # Issuers |
178 |
|
|
| Asset allocation (as of 10/31/09)
|
| |
| Municipal Bonds |
98.6% |
|
| Cash & Cash Equivalents |
1.4% |
|
|
|
| Top 10 states (as of 10/31/09)
|
| |
| State |
% of Portfolio |
| California |
10.45% |
|
| New York |
10.36% |
|
| Pennsylvania |
7.85% |
|
| Georgia |
7.13% |
|
| Texas |
6.79% |
|
| Ohio |
6.77% |
|
| Virginia |
4.11% |
|
| Illinois |
3.72% |
|
| Florida |
3.25% |
|
| Minnesota |
3.12% |
|
| Total % Portfolio in Top 10 states |
63.6% |
|
|
|
| Click here to see a full list of this fund's quarterly holdings (as of 09/30/2009).
|
| Click here to see a full list of this fund's monthly holdings (as of 09/30/2009).
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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
The Fund has been assigned to a specific style box based on its investment focus and portfolio. In the fixed-income style grid, low quality is defined as bonds rated BB or lower; medium as bonds rated BBB through A; and high as AA or better. Maturity for taxable bond funds is based on the following ranges: short is up to 3.5 years; intermediate is 3.5 to 6 years; and long is greater than 6 years. The Fund's portfolio is subject to change and may not always reflect the characteristics of that box.
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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