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| Fund profile |
Objective
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Portfolio manager(s)
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| Delaware Tax-Free Idaho Fund seeks as high a level of current income exempt from federal income tax and from Idaho state personal income tax, as is consistent with preservation of capital. |
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Joseph R. Baxter (2003)
Stephen J. Czepiel (2007)
Delaware Management Company
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Main investment strategies
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Invests primarily in municipal bonds and notes that are exempt from federal and Idaho state personal income taxes.- May invest assets in securities with maturities of various lengths, depending on market conditions, but seeks to maintain the Fund's average weighted maturity at approximately 15 to 25 years.
- Strives to adjust the average maturity of the bonds in the portfolio to provide a high level of tax-exempt income consistent with preservation of capital.
- May concentrate investments in certain types of bonds or in a certain segment of the municipal bond market when the supply of bonds in other sectors does not suit the Fund's investment needs.
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| Fund information (As of 02/28/10) |
| Fixed Income style |
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| Total net assets |
$122.3 million |
| Class A |
$93.0 million |
| Class B |
$3.0 million |
| Class C |
$26.3 million |
| Inception date |
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| Class A |
01/04/95 |
| Class B |
03/16/95 |
| Class C |
01/11/95 |
| Dividends |
Mid Month |
| Capital gains |
November |
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The Fund invests primarily in a specific state and may be more susceptible to the economic, regulatory, and other factors of that state than a fund that invests more broadly.
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
The Fund has been assigned to a specific style box based on its investment focus and portfolio. In the fixed-income style grid, low quality is defined as bonds rated BB or lower; medium as bonds rated BBB through A; and high as AA or better. Maturity for taxable bond funds is based on the following ranges: short is up to 3.5 years; intermediate is 3.5 to 6 years; and long is greater than 6 years. The Fund's portfolio is subject to change and may not always reflect the characteristics of that box.
Substantially all dividends are exempt from federal income tax and may be subject to AMT that applies to certain taxpayers. Capital gains, if any, are taxable.
A rise/fall in the interest rates can have a significant impact on bond prices and the NAV (net asset value) of the fund. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal.
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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