Delaware Small Cap Core Fund - Overview

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Fund profile
Objective		Portfolio manager(s)
Delaware Small Cap Core Fund seeks long-term capital appreciation.		Christopher S. Adams (2004) Donald G. Padilla (2004) Francis X. Morris (2004) Michael S. Morris (2004) Delaware Management Company
Main investment strategies
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.
Fund information (As of 02/28/10)
Equity style		Total net assets $69.4 million       Class A $23.7 million       Class C $7.9 million       Class I $33.6 million       Class R $4.2 million Inception date         Class A 12/29/98       Class C 08/01/05       Class I 12/29/98       Class R 08/01/05 Dividends Annual Capital gains December

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.

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.