Delaware Extended Duration Bond A  DEEAX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Long-Term Bond Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
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   Avg Duration
   10.26 Yrs
   Avg Credit Quality
   BBB
As of 2009-06-30
Day Change
$ -0.01
  
NAV (2009-11-20)
$ 5.97
  
YTD Return % (2009-11-20)
24.68%
  
Total Assets ($ mil)
266
View Data Definitions
  Performance    
Growth of $10,000 Fund: Delaware Extended Duration Bond A
(from 1999-01-01 to 2009-10-31) Category: Long-Term Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1998-09-15 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 24.74 41.00 7.58 6.56 8.86 7.67
+/- Category 9.34 10.53 1.79 2.27 1.94 ---
+/- BarCap US Agg Bond TR USD 17.83 28.51 1.13 1.29 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 17.71 27.36 6.48 5.74 8.29 7.23
Month-End (as of 2009-10-31) 18.32 42.43 6.12 5.47 8.36 7.23
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 39.10 3.90 3.14 5.76 ---
On Distribution & Sale of Shares --- 27.23 3.81 3.26 5.59 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 38 funds), (5 yrs : out of 29 funds), (10 yrs : out of 15 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 4.50%, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government 0.91
US Treasuries 0.20
TIPS 0.00
US Agency 0.71
Mortgage 2.97
Mortgage Pass-Thru 0.00
Mortgage CMO 2.97
Mortgage ARM 0.00
Credit 75.10
US Corporate 70.54
Asset-Backed 1.72
Convertible 1.62
Municipal 1.21
Corporate Inflation-Protected 0.00
Foreign 17.17
Foreign Corp 16.39
Foreign Govt 0.79
Cash 3.84
Bond Quality % of Bonds
AAA 9.5
AA 6.3
A 25.1
BBB 45.6
BB 6.2
B 5.7
Below B 1.4
Not Rated 0.2
 
Asset Allocation
% of Net Assets
Cash 3.0
Stocks 0.0
Bonds 94.4
Other 2.5
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings Turnover % 234
Total Number of Bond Holdings 218 30 Day SEC Yield % 5.45
% of Assets in Top 10 Holdings 36.11 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
US LONG BOND SEP09 FUTURE --- 1 62,139 22.20
Goldman Sachs Group 6.75% 2037-10-01 6,724 5,995 2.14
Wells Fargo Cap Xiii FRN 2049-12-29 5,485 4,556 1.63
Telecom Italia Cap 7.721% 2038-06-04 4,290 4,381 1.57
Jpmorgan Chase Cap Xxv 6.8% 2037-10-01 5,050 4,355 1.56
Metlife Cap Tr X 144A FRN 2068-04-08 4,830 4,309 1.54
Vivendi Universal Sa 144A 6.625% 2018-04-04 3,970 4,003 1.43
Delhaize Amer 9% 2031-04-15 3,177 3,867 1.38
ANHEUSER BUSCH INBEV WORLDWIDE 2039-01-15 3,360 3,753 1.34
Kinder Morgan Engy Partners 6.85% 2020-02-15 3,590 3,687 1.32
Data through 2009-06-30
  Other Information
Fund Inception: 1998-09-15
Portfolio Manager  (Start Date)
Thomas H. Chow  (2007-05-24)
Chow is a member of the taxable fixed income portfolio management team. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.
Roger A. Early  (2007-05-24)
Early rejoined Delaware in March 2007 as a member of the taxable fixed income portfolio management team. From 1994 to 2001, he was a senior portfolio manager in the same area, and he left Delaware Investments as head of its U.S. investment grade fixed income group. In recent years, he was a senior portfolio manager at Chartwell Investment Partners and Rittenhouse Financial and served as the chief investment officer for fixed income at Turner Investments.
Kevin P. Loome  (2007-08-24)
Kevin P. Loome, CFA Senior Vice President, Senior Portfolio Manager, Head of High Yield Investments Kevin P. Loome is head of the High Yield fixed income team, responsible for portfolio construction and strategic asset allocation of all high yield fixed income assets. Prior to joining Delaware Investments in August 2007, Loome spent 11 years at T. Rowe Price, starting as an analyst and leaving the firm as a portfolio manager. He began his career with Morgan Stanley as a corporate finance analyst in the New York and London offices. Loome received his bachelor’s degree in commerce from the University of Virginia and earned an MBA from the Tuck School of Business at Dartmouth.
Sales Charge %
(taken from prospectus dated 2009-07-31)
Front: 4.50
Deferred: None
Expense Ratio % 1.29
based on net assets
(taken from annual report dated 2009-07-31)
Correspondence Information
One Commerce Square
2005 Market Street
Philadelphia,  PA  19103
Telephone:
800-523-1918
215-255-2127
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.