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Mutual fund tax facts


Percentage of interest income subject to AMT
for national tax-exempt funds

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A percentage of the income paid to Delaware Investments® national tax-free funds shareholders may be subject to the federal alternative minimum tax (AMT) that applies to some investors. Your tax advisor can provide more information on the AMT and determine whether this tax applies to you. You'll find the percentage of income subject to the AMT for our national tax-free funds in the chart below.

Delaware Investments Funds Percentage of interest income subject to AMT
Tax-Free USA Fund 14.37%
Tax-Free USA Intermediate Fund 6.76%
Tax-Free Money Fund* 10.56%
National High-Yield Municipal Bond Fund 17.94%

*An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Delaware Investments money market funds are participating in the U.S. Treasury's Temporary Guaranty Program for Money Market Funds.

The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.

Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.

Investors should consider the investment objectives, risks and charges and expenses of a Fund carefully before investing. Each Fund's prospectus contains this and other important information about the Fund. Please request a prospectus by calling 800 523-1918 or by visiting the prospectuses & shareholder reports section of www.delawareinvestments.com. Read it carefully before investing or sending money. Delaware Distributors, L.P. is the distributor for all open-end investment companies within the Delaware Investments Family of Funds.

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