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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 (09/30/2016)

as of quarter-end (09/30/2016)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)6.13%4.89%3.71%3.51%5.88%6.91%12/29/1997
Max offer price1.40%0.19%2.13%2.55%5.39%6.65%
Bloomberg Barclays U.S. Aggregate Index5.80%5.19%4.03%3.08%4.79%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)1.05%4.89%3.71%3.51%5.88%6.91%12/29/1997
Max offer price-3.52%0.19%2.13%2.55%5.39%6.65%
Bloomberg Barclays U.S. Aggregate Index0.46%5.19%4.03%3.08%4.79%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 09/30/2016Bloomberg Barclays U.S. Aggregate Index
Number of holdings1,3219,977
Number of credit issuers456
Portfolio turnover (last fiscal year)218%n/a
Effective duration (weighted average) (view definition)5.77 years5.51 years
Effective maturity (weighted average) (view definition)8.11 years7.82 years
Yield to maturity (view definition)3.24%1.97%
Average market price (view definition)$106.44$106.75
Average coupon (view definition)4.36%3.09%
Yield to worst (view definition)3.20%1.96%
SEC 30-day yield with waiver (view definition)2.52%
SEC 30-day yield without waiver (view definition)2.52%
Annualized standard deviation, 3 years (view definition)2.82n/a
Portfolio composition as of 09/30/2016Total may not equal 100% due to rounding.
High grade securities74.5%
High yield securities15.1%
Emerging markets8.3%
International developed2.2%
Top 10 fixed income holdings as of 09/30/2016
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
Holding% of portfolio
FNCL AL91281.0%
Dow Chemical Co. 8.550 5/15/20190.8%
Anheuser-Busch InBev Finance Inc. 3.650 2/1/20260.6%
Bank of America Corp. 4.450 3/3/20260.6%
Crown Castle Towers LLC 4.883 8/15/20200.6%
USB Capital IX 3.500 10/29/20490.5%
KeyBank NA/Cleveland OH 6.950 2/1/20280.5%
GNR 2010-113 KE0.5%
GNSF 7366630.5%
Total % Portfolio in Top 10 holdings8.7%

Fixed income sectors as of 09/30/2016

List excludes cash and cash equivalents.

Investment grade credits43.0%31.4%
MBS and CMOs19.0%27.7%
High yield credits14.2%0.0%
Emerging markets8.3%0.0%
Commercial mortgage-backed securities6.8%1.7%
Asset-backed securities4.3%0.5%
International developed2.2%0.0%
Municipal bonds0.6%0.0%
U.S. Treasury securities0.3%36.3%