Delaware Tax-Free California 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
ABAG FIN AUTH FOR NONPROFIT CO	1,000,000.00	1.28	$1,101,070.00	6.25	08/01/2039	AFAGEN
ABAG FIN AUTH FOR NONPROFIT CO	1,250,000.00	1.48	$1,272,212.50	6.12	08/15/2020	AFAGEN
ANAHEIM CALIF CITY SCH DIST	1,000,000.00	0.45	$389,200.00	0.00	08/01/2025	ANASCD
BAY AREA TOLL AUTH CALIF TOLL	1,000,000.00	1.27	$1,091,160.00	5.62	04/01/2044	BAYTRN
CALIFORNIA EDL FACS AUTH REV	1,000,000.00	1.00	$855,180.00	5.00	01/01/2036	CASEDU
CALIFORNIA EDL FACS AUTH REV	1,000,000.00	1.19	$1,018,190.00	5.50	11/01/2039	CASEDU
CALIFORNIA HEALTH FACS FING	1,000,000.00	1.12	$957,570.00	5.30	02/01/2032	CASMED
CALIFORNIA HEALTH FACS FING	1,000,000.00	1.20	$1,029,960.00	5.25	07/01/2023	CASMED
CALIFORNIA HEALTH FACS FING	1,000,000.00	1.22	$1,042,790.00	5.75	07/01/2039	CASMED
CALIFORNIA HEALTH FACS FING	1,000,000.00	1.24	$1,060,920.00	6.50	11/01/2038	CASMED
CALIFORNIA HEALTH FACS FING	1,000,000.00	1.25	$1,069,540.00	5.62	07/01/2025	CASMED
CALIFORNIA HEALTH FACS FING	1,000,000.00	1.25	$1,074,780.00	6.00	07/01/2039	CASMED
CALIFORNIA HSG FIN AGY REV	1,000,000.00	1.13	$970,580.00	5.30	08/01/2023	CASHSG
CALIFORNIA HSG FIN AGY REV	1,000,000.00	1.22	$1,045,190.00	5.95	08/01/2025	CASHSG
CALIFORNIA INFRASTRUCTURE & EC	1,000,000.00	1.18	$1,007,260.00	5.55	08/01/2031	CASDEV
CALIFORNIA MUN FIN AUTH ED REV	1,000,000.00	1.03	$880,530.00	5.25	06/01/2036	CASFIN
CALIFORNIA ST	515,000.00	0.64	$548,099.05	6.00	04/01/2038	CAS
CALIFORNIA ST	1,000,000.00	1.18	$1,012,030.00	5.25	03/01/2030	CAS
CALIFORNIA ST DEPT WTR RES CEN	5,000.00	0.01	$5,535.05	5.00	12/01/2029	CASWTR
CALIFORNIA ST DEPT WTR RES CEN	995,000.00	1.22	$1,043,794.80	5.00	12/01/2029	CASWTR
CALIFORNIA ST DEPT WTR RES WTR	1,000,000.00	1.27	$1,091,880.00	5.00	12/01/2024	CASWTR
CALIFORNIA ST ECONOMIC RECOVER	1,000,000.00	1.30	$1,117,760.00	5.25	07/01/2021	CASDEV
CALIFORNIA ST PUB WKS BRD	1,000,000.00	1.22	$1,047,910.00	6.25	04/01/2034	CASPWR
CALIFORNIA STATEWIDE CMNTYS	500,000.00	0.63	$543,525.00	7.25	11/15/2041	CASDEV
CALIFORNIA STATEWIDE CMNTYS	1,000,000.00	0.98	$837,460.00	5.50	11/01/2038	CASDEV
CALIFORNIA STATEWIDE CMNTYS	1,000,000.00	1.00	$854,700.00	5.12	07/15/2031	CASDEV
CALIFORNIA STATEWIDE CMNTYS	1,000,000.00	1.17	$1,001,320.00	6.00	07/01/2040	CASEDU
CALIFORNIA STATEWIDE CMNTYS	1,000,000.00	1.27	$1,087,270.00	5.00	04/01/2019	CASDEV
CALIFORNIA STATEWIDE CMNTYS DE	1,000,000.00	1.09	$935,530.00	5.75	10/01/2033	CASGEN
CALIFORNIA STATEWIDE CMNTYS DE	1,000,000.00	1.11	$949,930.00	5.38	07/01/2032	CASMFH
CALIFORNIA STATEWIDE CMNTYS DE	1,000,000.00	1.11	$952,490.00	5.62	08/01/2034	CASDEV
CALIFORNIA STATEWIDE CMNTYS DE	1,000,000.00	1.20	$1,027,430.00	5.80	08/01/2033	CASMFH
CASH	2,359,256.06	2.75	$2,359,256.06	0.00	12/15/2038	US-CASH
CENTRAL UNI SCH DIST CALIF	1,000,000.00	1.26	$1,076,150.00	5.62	08/01/2033	CCASCD
CHINO BASIN CALIF REGL FING AU	845,000.00	1.01	$869,505.00	5.00	11/01/2024	CHBGEN
CHULA VISTA CALIF INDL DEV REV	1,000,000.00	1.29	$1,104,700.00	5.88	01/01/2034	CHUDEV
COMMERCE CALIF JT PWRS FING AU	60,000.00	0.08	$67,668.00	5.00	08/01/2028	CMCGEN
COMMERCE CALIF JT PWRS FING AU	940,000.00	0.98	$837,060.60	5.00	08/01/2028	CMCGEN
ELSINORE VALLEY CALIF MUN WTR	1,000,000.00	1.26	$1,081,060.00	5.00	07/01/2024	ESVWTR
FAIRFIELD-SUISUN CALIF UNI SCH	500,000.00	0.62	$527,630.00	5.50	08/01/2028	FAISCD
FRANKLIN-MCKINLEY CALIF SCH DI	1,060,000.00	1.25	$1,071,373.80	5.00	09/01/2027	FRAEDU
FREMONT CALIF CMNTY FACS DIST	1,000,000.00	0.97	$833,110.00	5.38	09/01/2036	FMTFAC
GLENDALE CALIF REDEV AGY TAX A	1,000,000.00	1.17	$1,005,320.00	5.50	12/01/2024	GLEDEV
GOLDEN ST TOB SECURITIZATION	1,000,000.00	1.32	$1,126,830.00	5.50	06/01/2043	GLDGEN
GOLDEN ST TOB SECURITIZATION	1,000,000.00	1.32	$1,130,420.00	5.62	06/01/2033	GLDGEN
GOLDEN ST TOB SECURITIZATION	1,075,000.00	0.81	$695,277.75	5.12	06/01/2047	GLDGEN
GOLDEN ST TOB SECURITIZATION	2,000,000.00	1.68	$1,438,600.00	5.75	06/01/2047	GLDGEN
GROSSMONT CALIF UN HIGH SCH DI	1,000,000.00	1.23	$1,056,550.00	5.00	08/01/2023	GROSCD
GUAM GOVT	1,755,000.00	2.20	$1,887,256.80	6.75	11/15/2029	GMSFAC
LAKE ELSINORE CALIF PUB FING A	1,000,000.00	1.15	$983,180.00	5.50	09/01/2030	LKEGEN
LAMMERSVILLE CALIF SCH DIST	500,000.00	0.46	$397,655.00	5.12	09/01/2035	LSVEDU
LANCASTER CALIF REDEV AGY TAX	500,000.00	0.65	$558,085.00	6.88	08/01/2039	LANDEV
LONG TERM RECEIVABLES	-164,006.71	-0.19	-$164,006.71	0.00	N/A	SECNCAHUS
M-S-R ENERGY AUTH CALIF	1,000,000.00	1.26	$1,077,240.00	6.50	11/01/2039	MSRPWR
MODESTO CALIF SPL TAX	1,000,000.00	0.89	$761,800.00	5.15	09/01/2036	MODGEN
PALM SPRINGS CALIF MOBILE HOME	1,000,000.00	1.13	$969,350.00	5.75	05/15/2037	PSPFAC
PORT OAKLAND CALIF	110,000.00	0.14	$121,572.00	5.38	11/01/2027	PTOTRN
PORT OAKLAND CALIF	890,000.00	1.04	$888,442.50	5.38	11/01/2027	PTOTRN
POWAY CALIF REDEV AGY TAX ALLO	270,000.00	0.31	$269,308.80	5.75	06/15/2033	POWDEV
POWAY CALIF UNI SCH DIST SPL T	1,000,000.00	1.33	$1,141,200.00	5.00	10/01/2017	POWSCD
PUERTO RICO COMWLTH	675,000.00	0.83	$714,426.75	6.00	07/01/2039	PRC
PUERTO RICO COMWLTH	1,000,000.00	1.26	$1,076,160.00	5.25	07/01/2015	PRC
PUERTO RICO COMWLTH GOVT DEV B	1,000,000.00	1.24	$1,067,180.00	5.00	12/01/2015	PRCDEV
PUERTO RICO ELEC PWR AUTH PWR	400,000.00	0.48	$408,560.00	5.50	07/01/2038	PRCPWR
PUERTO RICO ELEC PWR AUTH PWR	1,000,000.00	1.23	$1,056,860.00	5.75	07/01/2036	PRCPWR
PUERTO RICO PORTS AUTH REV	825,000.00	0.78	$670,873.50	6.30	06/01/2023	PRCTRN
PUERTO RICO PUB BLDGS AUTH REV	700,000.00	0.86	$740,789.00	5.50	07/01/2035	PRCFAC
PUERTO RICO SALES TAX FING	700,000.00	0.87	$748,020.00	6.00	08/01/2039	PRCGEN
PUERTO RICO SALES TAX FING	790,000.00	0.96	$822,848.20	5.75	08/01/2037	PRCGEN
PUERTO RICO SALES TAX FING	1,000,000.00	1.20	$1,032,780.00	5.25	08/01/2027	PRCGEN
PUERTO RICO SALES TAX FING	1,000,000.00	1.22	$1,048,020.00	5.00	08/01/2039	PRCGEN
PUERTO RICO SALES TAX FING	2,040,000.00	1.93	$1,653,358.80	0.00	08/01/2032	PRCGEN
RIVERSIDE CNTY CALIF REDEV AGY	1,000,000.00	1.18	$1,012,110.00	6.00	10/01/2039	RIVDEV
ROSEVILLE CALIF WESTPARK CMNTY	500,000.00	0.48	$415,200.00	5.25	09/01/2037	ROSGEN
SACRAMENTO CNTY CALIF ARPT SYS	1,000,000.00	1.25	$1,069,370.00	6.00	07/01/2041	SACAPT
SAN BERNARDINO CNTY CALIF SPL	2,000,000.00	2.22	$1,900,640.00	5.90	09/01/2033	SBDGEN
SAN DIEGO CALIF PUB FACS FING	1,000,000.00	1.15	$983,670.00	5.25	03/01/2040	SDGFAC
SAN DIEGO CALIF REDEV AGY	1,000,000.00	1.17	$1,002,450.00	6.40	09/01/2025	SDGDEV
SAN DIEGO CNTY CALIF CTFS PART	1,000,000.00	1.17	$1,000,450.00	5.38	10/01/2041	SDGCTF
SAN DIEGO CNTY CALIF CTFS PART	1,000,000.00	1.19	$1,020,150.00	5.75	07/01/2031	SDGCTF
SAN MATEO CALIF JT PWRS FING	1,000,000.00	1.26	$1,081,010.00	5.25	07/15/2026	SMTGEN
SAN MATEO CALIF UN HIGH SCH	1,000,000.00	0.56	$478,750.00	0.00	12/15/2043	SMTEDU
SANTA BARBARA CALIF CMNTY COLL	1,000,000.00	1.23	$1,053,100.00	5.25	08/01/2033	SBBHGR
SANTA CLARA CNTY CALIF HSG AUT	1,000,000.00	1.15	$989,200.00	5.85	08/01/2031	SCRMFH
SECURITIZED NET CASH - ACR1	1,335,238.30	1.56	$1,335,238.30	0.00	N/A	SECCASHAC
SIERRA CALIF JT CMNTY COLLEGE	1,000,000.00	1.26	$1,082,410.00	5.25	08/01/2021	SIEHGR
SOUTH BAYSIDE WASTE MGMT AUTH	1,000,000.00	1.22	$1,041,390.00	6.00	09/01/2036	SBAPOL
SOUTHERN CALIF PUB PWR AUTH TR	1,000,000.00	1.27	$1,087,170.00	5.00	07/01/2022	STNPWR
TURLOCK CALIF IRR DIST REV	1,335,000.00	1.61	$1,378,854.75	5.00	01/01/2030	TURWTR
UNIVERSITY CALIF REVS	500,000.00	0.65	$554,795.00	5.00	05/15/2019	UNVHGR
VERNON CALIF ELEC SYS REV	1,000,000.00	1.23	$1,051,710.00	5.12	08/01/2021	VERPWR