Delaware Diversified Income Fund


Delaware Diversified Income Fund seeks maximum long-term total return, consistent with reasonable risk.


The Fund invests in four sectors — the U.S. investment grade sector, U.S. high yield sector, international developed markets sector, and emerging markets sector.

Fund information
Inception date12/29/1997
Dividends paid (if any)Monthly
Capital gains paid (if any)November or December
Fund identifiers
Investment minimums
Initial investment$1,000
Subsequent Investments$100
Systematic withdrawal balance$5,000
Account features
Payroll DeductionYes

On Sept. 25, 2014, Class B shares of the Fund converted to Class A shares.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return

as of month-end (04/30/2016)

as of quarter-end (03/31/2016)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)3.18%0.03%1.31%3.15%5.91%6.91%12/29/1997
Max offer price-1.42%-4.51%-0.23%2.21%5.43%6.64%
Barclays U.S. Aggregate Index3.43%2.72%2.29%3.60%4.95%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)2.35%-0.70%1.49%3.33%5.91%6.89%12/29/1997
Max offer price-2.22%-5.20%-0.06%2.39%5.42%6.62%
Barclays U.S. Aggregate Index3.03%1.96%2.50%3.78%4.89%n/a

Returns for less than one year are not annualized.

Class A shares have a maximum up-front sales charge of 4.50% and are subject to an annual distribution fee.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Expense ratio
Quarterly total returns @ NAV
Year1st quarter2nd quarter3rd quarter4th quarterAnnual return
Portfolio characteristics - as of 04/30/2016Barclays U.S. Aggregate Index
Number of holdings1,3599,738
Number of credit issuers400
Portfolio turnover (last fiscal year)218%n/a
Effective duration (weighted average) (view definition)5.34 years5.51 years
Effective maturity (weighted average) (view definition)7.19 years7.82 years
Yield to maturity (view definition)3.38%2.15%
Average market price (view definition)$104.65$105.68
Average coupon (view definition)4.25%3.15%
Yield to worst (view definition)3.36%2.15%
SEC 30-day yield with waiver (view definition)2.28%
SEC 30-day yield without waiver (view definition)2.28%
Annualized standard deviation, 3 years (view definition)3.57n/a
Portfolio composition as of 04/30/2016Total may not equal 100% due to rounding.
High grade securities78.3%
High yield securities12.6%
Emerging markets7.1%
International developed2.0%
Top 10 fixed income holdings as of 04/30/2016
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
Holding% of portfolio
United States Treasury Note/Bond 1.250 3/31/20212.9%
FNCL AX53161.1%
Dow Chemical Co. 8.550 5/15/20190.8%
United States Treasury Note/Bond 2.875 8/15/20450.7%
Anheuser-Busch InBev Finance Inc. 3.650 2/1/20260.6%
Comcast Corp. 3.150 3/1/20260.6%
Bank of America Corp. 4.450 3/3/20260.6%
Crown Castle Towers LLC 4.883 8/15/20200.5%
GNR 2010-113 KE0.4%
Total % Portfolio in Top 10 holdings17.6%

Fixed income sectors as of 04/30/2016

List excludes cash and cash equivalents.

Investment grade credits32.9%30.5%
MBS and CMOs29.9%28.1%
High yield credits11.7%0.0%
Emerging markets7.1%0.0%
Commercial mortgage-backed securities6.7%1.8%
Asset-backed securities5.3%0.5%
U.S. Treasury securities3.7%36.5%
International developed2.0%0.0%
Municipal bonds0.6%0.0%