Delaware Diversified Income A

Ticker: DPDFX


Investment Objective
The fund seeks maximum long-term total return, consistent with reasonable risk.

Investment Strategy
The fund allocates its investments principally among the following four sectors of the fixed-income securities markets: the U.S. investment grade sector, the U.S. high yield sector, the international developed markets sector, and the emerging markets sector. Under normal circumstances, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in emerging markets will, in the aggregate, be limited to no more than 15% of the fund's total assets.

 Morningstar Category
 Intermediate-Term Bond

 Morningstar Style Box

CUSIP: 246248744
General Information
Expense Ratio: 0.97%
Inception Date: 12/29/1997
Fund Manager: Team Managed
Managed Fund Since:
Fund Phone Number: 800-523-1918
Fund Website: www.delawareinvestments.com
Top 5 Holdings (as of 12/31/2009)
US 5YR NOTE MAR10 FUTURE 6.32%
US Treasury Note 1.625% 0.95%
Citibank Ccit 2007-A6 FRN 0.83%
General Elec Cap Corp Mtn Be 6% 0.72%
Mexico(Utd Mex St) 10% 0.57%

Be aware that there are significant differences in risk among investment asset classes. Refer to the investment pyramid for a complete listing of disclosures. Shares of a mutual fund will fluctuate so that, when redeemed, they may be worth more or less than their original cost. Refer to the fund’s prospectus for complete information on the risks and expenses involved with a particular investment. Please note that some fund companies may waive a portion of these expenses.

Bond funds are less volatile than stock funds, but experience higher volatility and increased credit risk when compared to other fixed income investments.

The program(s) include certain services provided by Lincoln Financial Advisors Corp. (LFA), a broker-dealer (member FINRA) and an affiliate of Lincoln Financial Group, 1300 S. Clinton St., Fort Wayne, IN 46802. Unaffiliated broker-dealers also may provide services to customers.

This information must be preceded or accompanied by prospectuses for the funds listed. The most current information on a specific mutual fund, including risk, fees and expenses can be viewed online at www.LincolnAlliance.com. Paper copies of prospectuses can be requested by calling 800-234-3500. Read the prospectus carefully before investing.

The Morningstar® category is assigned based on the underlying securities in each portfolio as measured by the portfolio statistics and compositions over the past three years.

The Morningstar Style BoxTM provides a graphical representation of the investment style of stocks and mutual funds. For stocks and stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis). Fixed income funds are classified according to credit quality (the vertical axis) and sensitivity to changes in interest rates (the horizontal axis).

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The mutual fund information is compiled by NewRiver, Inc., from documents filed with the Securities & Exchange Commission’s EDGAR database. The information is provided on an ‘as is’ basis and without warranties.