Delaware Inflation Protected Bond 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
10 YR ZERO CPN CPI SWAP 1/7/19	1,300,000.00	0.02	$44,774.00	0.00	01/07/2019	SL6A1BYM
5 YR ZERO COUPON CPI SWAP 04/2	2,600,000.00	0.01	$18,000.00	0.00	04/22/2014	SL331F61
AUSTRALIAN DOLLAR	111,645.74	0.03	$93,933.14	0.00	N/A	AUD
AUSTRALIAN INDEX LINKED	4,640,000.00	2.23	$6,583,171.54	6.12	08/20/2015	ACGB
BRAZILLIAN REAL	68,054.94	0.01	$37,703.57	0.00	N/A	BRAZILREL
CASH	1,248,359.93	0.42	$1,248,359.93	0.00	12/15/2038	US-CASH
FEDERAL HOME LOAN BANK DISCOUN	27,185.65	0.01	$27,185.57	0.01	07/07/2010	FHLBDN
FEDERAL HOME LOAN BANK DISCOUN	109,097.30	0.04	$109,096.43	0.01	07/15/2010	FHLBDN
FEDERAL HOME LOAN BANK DISCOUN	172,661.96	0.06	$172,660.58	0.06	07/16/2010	FHLBDN
FEDERAL HOME LOAN BANK DISCOUN	241,841.30	0.08	$241,840.58	0.00	07/06/2010	FHLBDN
FHLB DISCOUNT NOTE 7/1/10	322,455.07	0.11	$322,455.07	0.00	07/01/2010	0701PFDIS
ITRAXX EUR SUB FINANCIALS 13.1	750,000.00	0.02	$60,631.60	1.00	06/20/2015	/ITRAX
ITRAXX EUR SUB FINANCIALS 13.1	805,000.00	0.02	$65,077.91	1.00	06/20/2015	SPC703E3
ITRAXX EUR SUB FINANCIALS 13.1	1,300,000.00	0.04	$105,094.77	1.00	06/20/2015	SPB304DM
ITRAXX EUR SUB FINANCIALS 13.1	2,780,000.00	0.08	$224,741.12	1.00	06/20/2015	/ITRAX
JP MORGAN STRUCTURED PRO	2,419,000.00	0.86	$2,535,371.97	0.00	05/18/2015	JPM
KOREA TREASURY ILB	7,433,188,070.00	2.13	$6,277,451.14	2.75	03/10/2017	KTBI
LONG TERM RECEIVABLES	-117,672.15	-0.08	-$117,672.15	0.00	N/A	SECNCAHUS
MARINER ENERGY INC	1,000,000.00	0.37	$1,097,500.00	8.00	05/15/2017	ME
MEXICAN PESO	475,892.69	0.01	$36,800.05	0.00	N/A	PESOS
MEXICAN UDIBONOS	235,217.00	0.67	$1,990,482.41	4.00	06/13/2019	B59ZFP0
MORGAN STANLEY	357,000.00	0.11	$327,511.80	4.51	03/05/2018	MS
NOTA DO TESOURO NACIONAL	120,000.00	0.43	$1,257,728.96	0.00	05/15/2015	BNTNB
POLAND GOVERNMENT BOND	5,720,162.00	0.56	$1,640,318.26	3.00	08/24/2016	POLGB
PRUDENTIAL FINANCIAL INC	286,000.00	0.09	$277,534.40	4.14	06/10/2015	PRU
REPUBLIC OF SOUTH AFRICA	16,498,376.65	0.93	$2,750,187.24	5.50	12/07/2023	SAGB
SECURITIZED NET CASH - ACR1	1,682,213.38	0.57	$1,682,213.38	0.00	N/A	SECCASHAC
SOUTH AFRICA RAND	499,397.77	0.02	$65,057.52	0.00	N/A	ZAR
SOUTH KOREA WON	61,962,585.00	0.02	$50,654.06	0.00	N/A	SKOREAWON
SVB FINANCIAL GROUP	600,000.00	0.21	$610,500.00	3.88	04/15/2011	SIVB CB
TREASURY BILL	78,341.92	0.03	$78,339.18	0.05	07/15/2010	B
TREASURY BILL	141,680.31	0.05	$141,680.31	0.01	07/01/2010	B
TSY INFL IX N/B	2,980,889.94	1.32	$3,890,293.88	3.38	04/15/2032	912810FQ6
TSY INFL IX N/B	5,727,114.70	2.13	$6,295,800.01	2.12	02/15/2040	TII
TSY INFL IX N/B	7,160,889.45	2.49	$7,343,828.69	1.38	01/15/2020	TII
TSY INFL IX N/B	9,084,124.92	3.28	$9,671,041.15	3.00	07/15/2012	TII
TSY INFL IX N/B	15,202,806.15	5.69	$16,802,658.25	2.38	01/15/2017	TII
TSY INFL IX N/B	20,935,613.28	7.56	$22,322,597.66	2.00	01/15/2014	TII
TSY INFL IX N/B	23,900,046.13	8.46	$24,981,140.82	1.25	04/15/2014	TII
TSY INFL IX N/B	26,369,627.04	9.44	$27,869,399.58	1.62	01/15/2015	TII
TSY INFL IX N/B	27,748,427.44	10.10	$29,803,559.22	2.00	07/15/2014	TII
TSY INFL IX N/B	29,914,097.94	10.94	$32,309,559.07	2.00	01/15/2016	TII
TSY INFL IX N/B	48,040,574.90	16.51	$48,734,905.33	0.50	04/15/2015	TII
US TREASURY N/B	5,625,000.00	2.14	$6,323,731.88	4.62	02/15/2040	T

0.11 of the fund was hedged out of AUD/USD HSB 08/03/10

-4.04 of the fund was hedged out of EUR/USD HSB 08/03/10

-1.60 of the fund was hedged out of EUR/USD MRS 08/03/10

-0.73 of the fund was hedged out of GBP/USD BAR 08/02/10

0.84 of the fund was hedged out of GBP/USD HSB 08/03/10

-2.46 of the fund was hedged out of GBP/USD MRS 08/03/10

0.00 of the fund was hedged out of KRW/USD HSB 02/12/10

17.66 of the fund was hedged out of US LONG BOND (CBT) SEP10