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| Fund profile |
Objective
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Portfolio manager(s)
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| The Delaware Conservative Allocation Portfolio seeks a combination of current income and preservation of capital with capital appreciation. Although the Portfolio will strive to meet its investment objectives, there is no assurance that it will. |
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Babak (Bob) Zenouzi (2008)
Francis X. Morris (2004)
Michael J. Hogan (2007)
Paul Grillo (2008)
Sharon Hill (2008)
Delaware Management Company
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Main investment strategies
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The Portfolio seeks to achieve its objective by investing in a combination of underlying securities representing a variety of asset classes and investment styles that are managed by the advisor. We use an active allocation approach when selecting investments for the Portfolio. In striving to meet its objective, the Portfolio will typically target about 40% of its net assets in equity securities and about 60% of its net assets in fixed-income securities. The Portfolio may invest 5% to 50% of net assets in foreign securities, and up to 10% of net assets in emerging market securities.
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| Fund information (As of 02/28/10) |
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| Total net assets |
$72.7 million |
| Class A |
$54.1 million |
| Class B |
$1.1 million |
| Class C |
$6.5 million |
| Class I |
$10.0 million |
| Class R |
$1.0 million |
| Inception date |
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| Class A |
12/31/97 |
| Class B |
12/31/97 |
| Class C |
12/31/97 |
| Class I |
12/31/97 |
| Class R |
06/02/03 |
| Dividends |
Quarterly |
| Capital gains |
December |
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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
Effective Sep. 20, 2008, the "fund of funds" structure for each Portfolio has changed to a multi-sleeve, multi-portfolio manager approach. The portfolio management team and the Portfolio's fee structure changed. For more information about these changes, please obtain a copy of the Portfolio's prospectus by clicking the prospectus link above or calling 800 523-1918.
Investing in mutual funds involves risk, including the possible loss of principal.
This Portfolio is subject to the same risks as the underlying investment styles in which it invests.
Funds that invest in small- and/or medium-sized company stocks are subject to greater risk, particularly in the short term, than those that invest in larger, more established companies.
Foreign investments are subject to risks not ordinarily associated with domestic investments, such as currency, economic and political risks, and different accounting standards.
Investing in emerging markets can be riskier then investing in well-established foreign markets.
This Portfolio will be particularly affected by declines in stock prices, which tend to fluctuate more than bond prices. Stock prices may be negatively affected by a drop in the stock market or poor performance in specific companies or industries.
A rise or fall in interest rates can have a significant impact on bond prices and the net asset value of the Portfolio. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal.
The Portfolio will also be affected by prepayment risk due to its holdings of mortgage-backed securities. With prepayment risk, when homeowners prepay mortgages during periods of low interest rates, the Portfolio may be forced to redeploy its assets in lower yielding securities.
High-yielding, noninvestment grade bonds (junk bonds) involve higher risk than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities.
The high yield secondary market is particularly susceptible to liquidity problems when institutional investors, such as mutual funds and certain other financial institutions, temporarily stop buying bonds for regulatory, financial, or other reasons. In addition, a less liquid secondary market makes it more difficult for the Portfolio to obtain precise valuations of the high yield securities it holds.
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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