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| Fund profile |
Objective
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Portfolio manager(s)
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| The Delaware REIT Fund seeks to achieve maximum long-term total return, with capital appreciation as a secondary objective.
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Babak (Bob) Zenouzi (2006)
Damon J. Andres (1997)
Delaware Management Company
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Main investment strategies
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Delaware REIT Fund primarily invests in securities of companies that are principally engaged in the real estate industry. Under normal circumstances, the Fund will invest at least 80% of its net assets in real estate investment trusts (REITs) (the 80% policy).
In managing the Delaware REIT Fund portfolio, we strive to include REITs that represent a variety of different sectors in the real estate industry. As we consider individual REITs for the portfolio, we carefully evaluate each REIT's management team. We generally look for those that:
- retain a substantial portion of the properties' cashflow;
- effectively use capital to expand;
- have a strong ability to raise rents; and
- can create a franchise value for the REIT.
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| Fund information (As of 10/31/09) |
| Equity style |
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| Total net assets |
$194.5 million |
| Class A |
$64.2 million |
| Class B |
$11.0 million |
| Class C |
$16.3 million |
| Class I |
$99.3 million |
| Class R |
$3.6 million |
| Inception date |
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| Class A |
12/06/95 |
| Class B |
11/11/97 |
| Class C |
11/11/97 |
| Class I |
11/11/97 |
| Class R |
06/02/03 |
| Dividends |
Quarterly |
| Capital gains |
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Funds that invest in REITs are subject to many of the risks associated with direct real estate ownership and, as such, may be adversely affected by declines in real estate values, and general and local economic conditions.
Funds that invest a significant portion of their assets in one industry or in related industries may involve greater risks than more diversified funds, including greater potential for volatility.
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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