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| Fund profile |
Objective
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Portfolio manager(s)
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| Delaware Small Cap Growth Fund seeks to provide long-term capital growth. |
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Christopher J. Bonavico (2010)
Kenneth F. Broad (2010)
Delaware Management Company
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Main investment strategies
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We invest primarily in common stocks of small growth-oriented or emerging growth companies that we believe offer above average opportunities for long-term price appreciation. Under normal circumstances, the Fund will invest at least 80% of its net assets in investments of small capitalization companies (the "80% policy").
The Fund uses a bottom-up approach to security selection that seeks companies with high-expected growth in earnings and revenues, which are believed to be leaders, or are expected to be leaders, in their respective industries. This means we search for outstanding performance of individual stocks before considering the impact of economic trends. We look at estimated growth rates, price-to-earnings ratios, market capitalization and cash flows as we strive to determine how attractive a company is relative to other companies.
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| Fund information (As of 02/28/10) |
| Equity style |
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| Total net assets |
$12.3 million |
| Class A |
$6.3 million |
| Class B |
$1.2 million |
| Class C |
$3.5 million |
| Class I |
$0.0 million |
| Class R |
$1.3 million |
| Inception date |
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| Class A |
07/31/01 |
| Class B |
07/31/01 |
| Class C |
07/31/01 |
| Class I |
07/31/01 |
| Class R |
06/02/03 |
| Dividends |
Annual |
| Capital gains |
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On Jan 21, 2010, the Board of Trustees of the Fund approved to a proposal to liquidate and dissolve the Fund. The liquidation and dissolution is expected to take effect on or about March 22, 2010. Effective at the close of business on Jan 21, 2010, the Delaware Small Cap Growth Fund was closed to new investors. The Fund will continue to accept purchases from existing shareholders (including reinvested dividends or capital gains) until the last business day before the proposed liquidation. Please read the prospectus and supplement for more important information. Please request a prospectus by calling 800 523-1918.
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
Investing involves risk, including the possible loss of principal.
Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus, which may be obtained by visiting www.delawareinvestments.com/literature or calling 800 523-1918. Investors should read the prospectus carefully before investing.
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