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| Fund profile |
Objective
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Portfolio manager(s)
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| Delaware Small Cap Value Fund seeks capital appreciation.
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Christopher S. Beck (1997)
Delaware Management Company
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Main investment strategies
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| What are the Fund's main investment strategies? We invest primarily in investments of small companies whose stock prices appear low relative to their underlying value or future potential. Among other factors, we consider the financial strength of a company, its management, the prospects for its industry, and any anticipated changes within the company that might suggest a more favorable outlook going forward. We focus on free cash flow in our individual stock selection, seeking companies that we believe have a sustainable ability to buy back shares, lower debt, and/or increase or initiate dividends. Under normal circumstances, at least 80% of the Fund's net assets will be in investments of small-capitalization companies (the 80% policy). The Fund considers small-capitalization companies to be companies with a market capitalization generally less than 3.5 times the dollar-weighted, median market capitalization of the Russell 2000® Index at the time of purchase. The Fund's 80% policy can be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any change.
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| Fund information (As of 10/31/09) |
| Equity style |
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| Total net assets |
$318.7 million |
| Class A |
$230.1 million |
| Class B |
$17.1 million |
| Class C |
$43.5 million |
| Class I |
$12.7 million |
| Class R |
$15.4 million |
| Inception date |
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| Class A |
06/24/87 |
| Class B |
09/06/94 |
| Class C |
11/29/95 |
| Class I |
11/09/92 |
| Class R |
06/02/03 |
| Dividends |
Annual |
| Capital gains |
December |
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Funds that invest small and/or mid-size company stocks typically involve greater risk, particularly in the short term, than those investing in larger, more established companies.
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 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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