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| Fund profile |
Objective
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Portfolio manager(s)
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| The Delaware Mid Cap Value Fund seeks capital appreciation. |
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Christopher S. Beck (2008)
Delaware Management Company
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Main investment strategies
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We invest primarily in investments of medium-sized 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 medium-sized companies (the 80% policy). The Fund considers medium-sized companies to be those companies whose market capitalizations fall within the range represented in the Russell® Midcap Value Index at the time of the Fund's investment. As of December 31, 2007, the smallest company included in the Index had a market capitalization of $1.2 billion and the largest company included in the Index had a market capitalization of $19.5 billion.
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| Fund information (As of 02/28/10) |
| Equity style |
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| Total net assets |
$10.9 million |
| Class A |
$0.3 million |
| Class C |
$0.0 million |
| Class I |
$10.5 million |
| Class R |
$0.0 million |
| Inception date |
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| Class A |
02/01/08 |
| Class C |
07/31/08 |
| Class I |
02/01/08 |
| Class R |
07/31/08 |
| Dividends |
Annual |
| Capital gains |
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Prior to July 31, 2008, the Fund had not engaged in a broad distribution of its shares and had been subject to limited redemption requests. The returns reflect expense limitations that were in effect during certain periods and which may have been lower than the Fund's current expenses. The returns would have been lower without expense limitations.
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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