|
 Paul Grillo
|
| Education |
| Mr. Grillo holds a bachelor's degree in Business Management from North Carolina State University and an MBA in Finance from Pace University. |
| Experience |
| Prior to joining Delaware in 1992, Mr. Grillo served as mortgage strategist and trader at Dreyfus Corporation. He also served as mortgage strategist and portfolio manager at Chemical Investment Group and as financial analyst at Chemical Bank. He is a CFA Charterholder. |
| Other Funds Managed |
|
|
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 will also be affected by prepayment risk due to its holdings of mortgage-backed securities. With prepayment risk, when homeowners prepay mortgages during periods of low interest rates, the Fund may be forced to re-deploy its assets in lower yielding securities.
If, and to the extent that, we invest in forward foreign currency contracts or use other investments to hedge against currency risks, the Fund will be subject to the special risks associated with those activities
While the U.S. Government or its agencies guarantees the principal and interest on the underlying U.S. Government and agency securities in these funds, the U.S. Government does not guarantee the shares of the funds, which will fluctuate in value, primarily due to changes in interest rates.
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.
|
