Income from U.S. obligations

In most states, income from U.S. Treasury securities and other direct U.S. government obligations is generally exempt from state income taxes. To determine if this income is exempt in the state where you reside, please consult your tax advisor.

Listed here for your information are the percentages of income earned from U.S. Treasury securities and other direct U.S. government obligations for the following funds during calendar year 2013.

Percentage of interest income from U.S. Treasury, other direct U.S. obligations for 2013

Delaware Investments Fund Percentage of interest income
Delaware Core Bond Fund 16.00%
Delaware Core Plus Bond Fund 2.20%
Delaware Corporate Bond Fund 0.09%
Delaware Diversified Floating Rate Fund 0.14%
Delaware Diversified Income Fund 1.36%
Delaware Dividend Income Fund 0.14%
Delaware Extended Duration Bond Fund 0.28%
Delaware Focus Global Growth Fund 0.06%
Delaware Foundation® Conservative Allocation Fund 2.04%
Delaware Foundation Equity Fund* 0.07%
Delaware Foundation Growth Allocation Fund 1.04%
Delaware Foundation Moderate Allocation Fund 0.98%
Delaware Global Real Estate Opportunities Fund 0.01%
Delaware Global Value Fund 0.01%
Delaware High-Yield Opportunities Fund 0.21%
Delaware International Value Equity Fund 0.03%
Delaware Large Cap Core Fund 0.06%
Delaware Mid Cap Value Fund 0.08%
Delaware REIT Fund 0.02%
Delaware Small Cap Value Fund 0.07%
Delaware U.S. Growth Fund 0.05%
Delaware Value® Fund 0.03%
Source: Delaware Investments

* Delaware Foundation Equity Fund was liquidated on April 15, 2013. The tax information for Delaware Foundation Equity Fund is applicable to any shares held in 2013 prior to the date of the liquidation of shares.

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 and its summary prospectus, which may be obtained by visiting our fund literature page or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.

Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.