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Past performance does not guarantee future results. Investment return and principal value
of an investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost.
An investor should consider the investment objectives, risks, and charges and expenses of the investment
carefully before investing. The prospectus contains this and other important information about the investment
company. A printed copy of any prospectus may be downloaded from our website or obtained upon request by
calling 800 523-1918. Please read it carefully before you invest or send money.
| Average annual returns |
|
|
| Cumulative Data (as of 11/20/09) |
|
Average Annualized (as of 10/31/09) |
| |
Price |
Net Chg |
YTD |
|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Since
Inception |
Inception
Date |
| Class A |
| At NAV |
$8.92 |
no chg |
27.79% |
|
24.14% |
-2.75% |
2.95% |
1.89% |
2.89% |
12/31/97 |
| At offer |
$9.46 |
-- |
-- |
|
16.96% |
-4.66% |
1.74% |
1.28% |
2.38% |
|
| |
| Class B |
| At NAV |
$8.72 |
no chg |
26.93% |
|
23.18% |
-3.45% |
2.19% |
1.27% |
2.38% |
12/31/97 |
| At offer |
$8.72 |
-- |
-- |
|
19.18% |
-4.22% |
1.79% |
1.27% |
2.38% |
|
| |
| Class C |
| At NAV |
$8.73 |
no chg |
27.07% |
|
23.32% |
-3.44% |
2.18% |
1.13% |
2.15% |
12/31/97 |
| At offer |
$8.73 |
-- |
-- |
|
22.32% |
-3.44% |
2.18% |
1.13% |
2.15% |
|
| |
| Class R |
| At NAV |
$8.86 |
no chg |
27.48% |
|
23.81% |
-3.01% |
2.66% |
n/a |
4.88% |
06/02/03 |
| At offer |
$8.86 |
-- |
-- |
|
23.81% |
-3.01% |
2.66% |
n/a |
4.88% |
|
| |
|
Click here for Gross Expense Ratio
Current performance may be lower or higher than the performance data quoted.
Please obtain the most recent month-end performance by calling 800 523-1918 or
visiting our website at www.delawareinvestments.com/performance. An investor
should consider the investment objectives, risks, and charges and expenses of
the investment carefully before investing. The prospectus contains this and
other important information about the investment company. A printed copy of
any prospectus may be downloaded from our website or obtained upon request by
calling 800 523-1918. Please read it carefully before you invest or send money.
Performance "at NAV" assumes that no front-end or contingent deferred sales charge applied or the investment was not redeemed. Performance "at offer" assumes that a front-end or contingent deferred sales charge applied to the extent applicable.
Class A shares have a current maximum up-front sales charge of 5.75% 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 I shares and Class R shares are only available to certain eligible investors. Please see the prospectus and statement of additional information for a more complete explanation.
Please be sure to consult your financial advisor when making investments. Mutual funds, annuities, and
other investment products: are not insured by the FDIC or any other government agency; are not deposits or other
obligations of, or guaranteed by, any bank or affiliate; and are subject to investment risks, including the
possible loss of principal amount invested.
Quoted performance data represents past performance.
Please keep in mind that high double-digit returns are highly unusual and cannot be sustained.
Investors should also be aware that recent returns were primarily achieved during favorable market conditions.
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
Effective Sep. 20, 2008, the "fund of funds" structure for each Portfolio has changed to a multi-sleeve, multi-portfolio manager approach. The portfolio management team and the Portfolio's fee structure changed. For more information about these changes, please obtain a copy of the Portfolio's prospectus by clicking the prospectus link above or calling 800 523-1918.
Investing in mutual funds involves risk, including the possible loss of principal.
This Portfolio is subject to the same risks as the underlying investment styles in which it invests.
Funds that invest in small- and/or medium-sized company stocks are subject to greater risk, particularly in the short term, than those that invest in larger, more established companies.
Foreign investments are subject to risks not ordinarily associated with domestic investments, such as currency, economic and political risks, and different accounting standards.
Investing in emerging markets can be riskier then investing in well-established foreign markets.
This Portfolio will be particularly affected by declines in stock prices, which tend to fluctuate more than bond prices. Stock prices may be negatively affected by a drop in the stock market or poor performance in specific companies or industries.
A rise or fall in interest rates can have a significant impact on bond prices and the net asset value of the Portfolio. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal.
The Portfolio 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 Portfolio may be forced to redeploy its assets in lower yielding securities.
High-yielding, noninvestment grade bonds (junk bonds) involve higher risk than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities.
The high yield secondary market is particularly susceptible to liquidity problems when institutional investors, such as mutual funds and certain other financial institutions, temporarily stop buying bonds for regulatory, financial, or other reasons. In addition, a less liquid secondary market makes it more difficult for the Portfolio to obtain precise valuations of the high yield securities it holds.
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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