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| Fund profile |
Objective
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Portfolio manager(s)
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| Delaware American Services Fund seeks to provide long-term capital growth. |
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Barry S. Gladstein (2005)
Christopher M. Holland (2005)
Lori P. Wachs (2001)
Marshall T. Bassett (2001)
Michael S. Tung, M.D. (2007)
Rudy D. Torrijos III (2005)
Delaware Management Company
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Main investment strategies
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We invest primarily in stocks of U.S. service and service-related companies across the economic spectrum that we believe have the ability to generate high and sustainable earnings growth with a reasonable level of risk. The Fund uses a bottom-up approach to stock selection that seeks to identify the companies that we believe to be industry leaders — the highest-quality companies with exceptional business plans and the wherewithal to execute those plans. These typically are companies in growing industries whose meaningful barriers to entry help sustain strong and growing market share. They possess what we believe to be superior earnings-growth potential, financial strength, and most importantly, exceptional management. We utilize multiple growth-oriented valuation metrics to determine how attractive a company is relative to other companies. While the Fund invests broadly across economic sectors, it tends to focus on the growing service components of the economy and have less exposure to industries whose historical volatility could introduce unwanted levels of downside risk into the portfolio. The stocks can be of any size or market capitalization, including securities of emerging or other growth-oriented companies. Under normal circumstances, the Fund will invest at least 80% of its net assets in U.S. services and service-related companies (80% policy) and may invest up to 20% of its net assets in foreign securities.
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| Fund information (As of 10/31/09) |
| Equity style |
 |
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| Total net assets |
$165.4 million |
| Class A |
$95.0 million |
| Class B |
$20.6 million |
| Class C |
$36.0 million |
| Class I |
$11.4 million |
| Class R |
$2.3 million |
| Inception date |
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| Class A |
12/29/99 |
| Class B |
02/28/01 |
| Class C |
02/28/01 |
| Class I |
12/29/99 |
| Class R |
10/03/05 |
| Dividends |
Annual |
| Capital gains |
August, December |
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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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