Delaware Inflation Protected Bond Fund

Holdings as of 07/30/2010 (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
10 YR ZERO CPN CPI SWAP 1/7/19 1,300,000.000.01$32,335.000.0001/07/2019SL6A1BYM
5 YR ZERO COUPON CPI SWAP 04/2 2,600,000.000.00-$1,595.000.0004/22/2014SL331F61
AUSTRALIAN DOLLAR 112,179.340.03$101,483.040.00N/AAUD
AUSTRALIAN INDEX LINKED 4,640,000.002.31$7,014,661.416.1208/20/2015ACGB
BRAZILLIAN REAL 68,054.940.01$38,703.860.00N/ABRAZILREL
CASH 833,298.640.27$833,298.640.0012/15/2038US-CASH
FHLB-DN 8-2-10 223,001.160.07$223,000.790.0608/02/20100802PFDIS
ITRAXX EUR SUB FINANCIALS 13.1 750,000.000.01$37,248.701.0006/20/2015/ITRAX
ITRAXX EUR SUB FINANCIALS 13.1 805,000.000.01$39,980.271.0006/20/2015SPC703E3
ITRAXX EUR SUB FINANCIALS 13.1 1,300,000.000.02$64,564.421.0006/20/2015SPB304DM
ITRAXX EUR SUB FINANCIALS 13.1 2,780,000.000.04$138,068.521.0006/20/2015/ITRAX
JP MORGAN STRUCTURED PRO 2,419,000.000.87$2,651,074.600.0005/18/2015JPM
KOREA TREASURY ILB 1,606,960,000.000.47$1,427,949.212.7506/10/2020KTBI
KOREA TREASURY ILB 7,439,591,040.002.15$6,540,298.432.7503/10/2017KTBI
LONG TERM RECEIVABLES -297,300.97-0.08-$297,300.970.00N/ASECNCAHUS
MARINER ENERGY INC 1,000,000.000.36$1,105,000.008.0005/15/2017ME
MEXICAN PESO 475,744.770.01$37,589.260.00N/APESOS
MEXICAN UDIBONOS 235,375.040.69$2,093,778.544.0006/13/2019B59ZFP0
MORGAN STANLEY 357,000.000.11$333,273.784.4403/05/2018MS
NOTA DO TESOURO NACIONAL 120,000.000.43$1,315,125.890.0005/15/2015BNTNB
POLAND GOVERNMENT BOND 5,737,312.000.60$1,840,796.373.0008/24/2016POLGB
PRUDENTIAL FINANCIAL INC 286,000.000.09$278,532.543.9206/10/2015PRU
REPUBLIC OF SOUTH AFRICA 16,528,076.690.95$2,892,979.825.5012/07/2023SAGB
SECURITIZED NET CASH - ACR1 757,768.650.25$757,768.650.00N/ASECCASHAC
SOUTH AFRICA RAND 500,632.720.02$68,624.950.00N/AZAR
SOUTH KOREA WON 56,259,089.000.02$47,566.340.00N/ASKOREAWON
SVB FINANCIAL GROUP 770,000.000.26$795,987.503.8804/15/2011SIVB CB
TSY INFL IX N/B 2,983,195.591.26$3,826,413.723.3804/15/2032912810FQ6
TSY INFL IX N/B 5,731,543.542.00$6,098,717.682.1202/15/2040TII
TSY INFL IX N/B 7,166,429.792.42$7,366,308.681.3801/15/2020TII
TSY INFL IX N/B 9,091,167.403.18$9,677,829.523.0007/15/2012TII
TSY INFL IX N/B 15,214,619.075.53$16,832,359.092.3801/15/2017TII
TSY INFL IX N/B 20,951,760.327.36$22,374,196.282.0001/15/2014TII
TSY INFL IX N/B 23,918,606.938.24$25,056,606.411.2504/15/2014TII
TSY INFL IX N/B 26,389,951.529.19$27,956,854.891.6201/15/2015TII
TSY INFL IX N/B 27,769,780.329.81$29,841,655.862.0007/15/2014TII
TSY INFL IX N/B 29,937,246.8410.65$32,404,734.602.0001/15/2016TII
TSY INFL IX N/B 48,077,823.8016.11$48,986,783.140.5004/15/2015TII
US TREASURY N/B 5,000,000.001.76$5,345,335.004.3805/15/2040WIT
US TREASURY N/B 5,625,000.002.06$6,256,057.504.6202/15/2040T



0.11 of the fund was hedged out of AUD/USD HSB 09/15/10
-4.18 of the fund was hedged out of EUR/USD HSB 09/15/10
-2.84 of the fund was hedged out of EUR/USD MRS 09/15/10
0.00 of the fund was hedged out of KRW/USD HSB 02/12/10
17.31 of the fund was hedged out of US LONG BOND (CBT) SEP10