Institutional Class shares

U.S. growth equity funds

U.S. value equity funds

Multi-asset funds

U.S. core equity fund

Income and growth fund

Global/international equity funds

Alternative/specialty funds

Fixed income funds

Limited distribution funds

Delaware Emerging Markets Debt Fund

(Closed to new investors)

6/14 (12696)

*Closed to certain new investors. Please refer to the appropriate prospectus and summary prospectus for additional information.

Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds' prospectuses and their summary prospectuses, which may be obtained by visiting our fund literature page or calling 800 362-7500. Investors should read the prospectuses and the summary prospectuses carefully before investing.

Investing involves risk, including the possible loss of principal.

The Funds are distributed by Delaware Distributors L.P., an affiliate of Delaware Management Holdings, Inc., and Macquarie Group Limited.

Not FDIC Insured | No Bank Guarantee | May Lose Value