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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 |
$11.61 |
no chg |
12.90% |
|
13.76% |
4.18% |
4.01% |
5.32% |
5.73% |
01/04/95 |
| At offer |
$12.16 |
-- |
-- |
|
8.63% |
2.60% |
3.05% |
4.83% |
5.41% |
|
| |
| Class B |
| At NAV |
$11.59 |
no chg |
12.17% |
|
12.93% |
3.41% |
3.25% |
4.68% |
4.96% |
03/16/95 |
| At offer |
$11.59 |
-- |
-- |
|
8.93% |
2.70% |
2.98% |
4.68% |
4.96% |
|
| |
| Class C |
| At NAV |
$11.61 |
no chg |
12.15% |
|
12.92% |
3.40% |
3.24% |
4.54% |
4.90% |
01/11/95 |
| At offer |
$11.61 |
-- |
-- |
|
11.92% |
3.40% |
3.24% |
4.54% |
4.90% |
|
| |
|
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 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 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.
The Fund invests primarily in a specific state and may be more susceptible to the economic, regulatory, and other factors of that state than a fund that invests more broadly.
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.
Substantially all dividends are exempt from federal income tax and may be subject to AMT that applies to certain taxpayers. Capital gains, if any, are taxable.
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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