The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.
Performance data current to the most recent month end may be obtained by calling 800 523-1918 or visiting delawareinvestments.com/performance.
Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.
|Average annual total return as of quarter-end (12/31/2014)|
|YTD||1 year||3 year||5 year||10 year||Lifetime||Inception|
|Class A (NAV)||9.55%||2.81%||2.81%||16.91%||18.43%||9.80%||13.67%||03/27/1986|
|Class A (at offer)||3.24%||-3.09%||-3.09%||14.63%||17.03%||9.16%||13.44%|
|Institutional Class shares||9.62%||3.09%||3.09%||17.22%||18.75%||10.12%||10.38%||11/09/1992|
|Russell 2500 Growth Index||7.49%||7.05%||7.05%||20.47%||17.27%||9.37%||n/a|
Returns for less than one year are not annualized.
Class A shares have a maximum up-front sales charge of 5.75% and are subject to an annual distribution fee.
Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.
Russell 2500™ Growth Index (view)
|Class A (Gross)||1.19%|
|Class A (Net)||1.19%|
|Institutional Class shares (Gross)||0.94%|
|Institutional Class shares (Net)||0.94%|
|Top 10 holdings as of 12/31/2014|
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
|Holding||% of portfolio|
|Heartland Payment Systems Inc.||6.0%|
|j2 Global Inc.||6.0%|
|Sally Beauty Holdings Inc.||5.3%|
|Zebra Technologies Corp.||4.7%|
|Affiliated Managers Group Inc.||4.7%|
|VeriFone Systems Inc.||4.4%|
|Total % Portfolio in Top 10 holdings||53.1%|
Institutional Class shares are only available to certain investors. See the prospectus for more information.
All third-party marks cited are the property of their respective owners.
*As of Feb. 24, 2012, Delaware Smid Cap Growth Fund is closed to new investors. Existing shareholders of the Fund; certain retirement plans and IRA transfers and rollovers from these plans; and certain advisory or fee-based programs sponsored by and/or controlled by financial intermediaries where the financial intermediary has entered into an arrangement with the Fund’s Distributor or transfer agent (mutual fund wrap accounts) may continue to purchase shares. Please read the latest prospectus and summary prospectus for more information concerning this event.
Jackson Square Partners, LLC (JSP) is the sub-advisor to the Fund. As sub-advisor, JSP is responsible for day-to-day management of the Fund’s assets. Although JSP serves as sub-advisor, the investment manager, Delaware Management Company, a series of Delaware Management Business Trust, has ultimate responsibility for all investment advisory services.
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 clicking the prospectus link located in the right-hand sidebar or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.
Investing involves risk, including the possible loss of principal.
Investments in small and/or medium-sized companies typically exhibit greater risk and higher volatility than larger, more established companies.
Not FDIC Insured | No Bank Guarantee | May Lose Value