Delaware Cash Reserve® Fund

Holdings as of 06/30/2010 (all share classes)

Portfolio holdings are as of the date noted above and are subject to change at any time. Holdings may not be representative of current or future investments and may not include the entire investment portfolio. Holdings information is made available to the public 30 calendar days after the most recent quarter-end.

Holdings data is for informational purposes only, and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any specific security. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or part. In no event shall the Delaware Family of Funds or its affiliates have any liability relating to the use of the portfolio holdings.

Unlike the Fund's regulatory filings, the portfolio data and its presentation in this document is not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it may differ from that provided in the complete portfolio of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete portfolio of investments filed in the first and third quarter on Form N-Q.

SEC description	# Holdings	Portfolio %	Market value	Income rate	Maturity date	Nasdaq symbol
ALLIANZ FINANCE CORP	7,500,000.00	2.44	$7,495,041.67	0.35	09/07/2010	ALIFIN
ALLIANZ FINANCE CORP	7,500,000.00	2.44	$7,497,593.75	0.33	08/05/2010	ALIFIN
AMERICAN HONDA FINANCE	7,500,000.00	2.44	$7,493,337.50	0.39	09/21/2010	HNDAF
ANZ NATIONAL (INT'L) LTD	7,500,000.00	2.44	$7,492,212.50	0.45	09/23/2010	ANZNIL
BANK OF AMERICA CORP	180,000.00	0.06	$181,547.27	4.25	10/01/2010	060505BP8
BANK OF MONTREAL	15,000,000.00	4.88	$14,999,916.67	0.20	07/02/2010	BMO
BANK OF NOVA SCOTIA HOUS	10,000,000.00	3.25	$10,000,000.00	0.30	08/16/2010	BNSHOU
BARCLAYS BANK PLC NY	10,000,000.00	3.25	$10,000,000.00	0.40	08/18/2010	BCSNY
BNP PARIBAS FINANCE INC	2,350,000.00	0.76	$2,350,000.00	0.03	07/01/2010	PARFIN
BROWN UNIVERSITY	3,750,000.00	1.22	$3,748,900.00	0.32	08/03/2010	BROWNU
BROWN UNIVERSITY	5,000,000.00	1.62	$4,999,777.78	0.32	07/06/2010	BROWNU
CASH	-634,947.05	-0.21	-$634,947.05	0.00	12/15/2038	US-CASH
CATHOLIC HEALTH INITIATV	5,000,000.00	1.62	$5,000,000.00	0.40	08/25/2010	CATHHI
CITIGROUP	1,500,000.00	0.49	$1,504,453.09	4.62	08/03/2010	172967DA6
CONNECTICUT HEALTH & ED	4,160,000.00	1.35	$4,160,000.00	0.27	08/10/2010	CTYALE
CORNELL UNIVERSITY	4,000,000.00	1.30	$3,999,653.33	0.26	07/13/2010	CORNLU
CORNELL UNIVERSITY	5,000,000.00	1.62	$4,998,583.33	0.30	08/04/2010	CORNLU
DARTMOUTH COLLEGE	1,400,000.00	0.46	$1,399,591.67	0.25	08/12/2010	DARTMO
DELAWARE RIV PORT AUTH PA & NJ	5,000,000.00	1.62	$5,000,000.00	0.26	01/01/2026	DRVTRN
EKSPORTFINANS ASA	15,000,000.00	4.88	$15,000,000.00	0.18	07/01/2010	EXPTPP
EMORY UNIVERSITY	5,000,000.00	1.62	$5,000,000.00	0.25	07/14/2010	EMORYU
EMORY UNIVERSITY	5,000,000.00	1.62	$5,000,000.00	0.35	08/18/2010	EMORYU
FEDERAL HOME LOAN BANKS	7,500,000.00	2.44	$7,499,641.30	0.50	10/19/2010	FHLB
GENENTECH INC	525,000.00	0.17	$525,822.71	4.40	07/15/2010	ROSW
GOLDMAN SACHS GROUP INC/THE	1,352,000.00	0.45	$1,397,650.72	6.88	01/15/2011	GS
HARRISONBURG VA REDEV & HSG AU	3,500,000.00	1.14	$3,500,000.00	0.42	05/01/2026	HARMFH
HEWLETT-PACKARD CO	5,000,000.00	1.62	$4,999,270.83	0.21	07/26/2010	HWPPP
HEWLETT-PACKARD CO	5,000,000.00	1.62	$4,999,425.00	0.23	07/19/2010	HWPPP
HSBC USA INC	3,000,000.00	0.98	$2,999,280.00	0.24	08/06/2010	HSBC
JOHNSON & JOHNSON	5,000,000.00	1.62	$4,999,027.78	0.20	08/05/2010	JNJPP
JPMORGAN CHASE & CO	2,000,000.00	0.67	$2,066,020.96	6.75	02/01/2011	JPM
LONG TERM RECEIVABLES	-92,950.14	-0.03	-$92,950.14	0.00	N/A	SECNCAHUS
MARYLAND ST HEALTH & HIGHER	7,500,000.00	2.44	$7,500,000.00	0.23	04/01/2035	MDSMED
MASS HEALTH & ED FAC AUT	4,000,000.00	1.30	$4,000,000.00	0.27	08/11/2010	MAHLTE
MASS HEALTH & ED FAC AUT	5,000,000.00	1.62	$5,000,000.00	0.25	07/01/2010	MAHLTE
MET GOVT NASHVILLE & DAVIDSON	600,000.00	0.20	$600,000.00	0.23	07/01/2018	METHGR
NASSAU HEALTH CARE CORP N Y	8,650,000.00	2.81	$8,650,000.00	0.35	08/01/2029	NASMED
NEW YORK N Y CITY HEALTH & HOS	5,135,000.00	1.67	$5,135,000.00	0.19	02/15/2026	NYCMED
NORTHERN ILLINOIS GAS CO	15,000,000.00	4.88	$15,000,000.00	0.13	07/01/2010	NIGAS
NOVARTIS FINANCE CORP	15,000,000.00	4.88	$15,000,000.00	0.08	07/01/2010	NOVFPP
PHILIP MORRIS INTL INC	3,000,000.00	0.98	$2,999,393.33	0.26	07/29/2010	PHMORR
PNC FUNDING CORP	500,000.00	0.16	$510,181.73	5.12	12/14/2010	PNC
PROCTER & GAMBLE INTL FN	5,000,000.00	1.62	$4,999,833.33	0.24	07/06/2010	PGIFPP
SECURITIZED NET CASH - ACR1	232,234.47	0.08	$232,234.47	0.00	N/A	SECCASHAC
SKANDINAV ENSKILDA BANK	13,125,000.00	4.27	$13,125,000.00	0.28	07/01/2010	SEB
TORONTO DOMINION BANK NY	5,000,000.00	1.62	$5,000,000.00	0.25	07/06/2010	TDNY
TORONTO DOMINION BANK NY	5,000,000.00	1.62	$5,000,000.00	0.30	07/13/2010	TDNY
TORONTO DOMINION BANK/NY	5,000,000.00	1.62	$5,000,000.00	0.40	05/19/2011	TD
TOTAL CAPITAL CANADA LTD	5,000,000.00	1.62	$4,999,475.00	0.27	07/15/2010	TOTCCA
UNIVERSITY OF CHICAGO	2,000,000.00	0.65	$1,999,222.22	0.40	08/05/2010	UNCHIC
UNIVERSITY OF CHICAGO	2,000,000.00	0.65	$1,999,800.00	0.30	07/13/2010	UNCHIC
UNIVERSITY OF CHICAGO	5,000,000.00	1.62	$4,999,416.67	0.30	07/15/2010	UNCHIC
UNIVERSITY OF CHICAGO	6,000,000.00	1.95	$5,999,050.00	0.30	07/20/2010	UNCHIC
UNIVERSITY OF TEXAS SYS	5,000,000.00	1.62	$5,000,000.00	0.27	08/04/2010	UNITEX
VANDERBILT UNIVERSITY	7,500,000.00	2.44	$7,499,739.58	0.25	07/06/2010	VANDUC
WAL-MART STORES	2,500,000.00	0.81	$2,500,000.00	4.12	07/01/2010	931142BZ5
WESTPAC SECURITIES NZ LT	10,000,000.00	3.25	$9,999,652.78	0.25	07/06/2010	WSTPLN
WYETH	200,000.00	0.07	$209,009.24	6.70	03/15/2011	WYE
YALE UNIVERSITY	5,000,000.00	1.62	$5,000,000.00	0.24	07/01/2010	YALE