REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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Pre-Effective Amendment No.
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Post-Effective Amendment No.
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(Check appropriate box or boxes)
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DELAWARE GROUP GOVERNMENT FUND
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(Exact Name of Registrant as Specified in Charter)
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(800) 523-1918
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Registrant’s Area Code and Telephone Number
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100 Independence, 610 Market Street, Philadelphia, PA 19106-2354
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(Address of Principal Executive Offices: Number, Street, City, State, Zip Code)
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David F. Connor, Esq., 100 Independence, 610 Market Street, Philadelphia, PA 19106-2354
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(Name and Address of Agent for Service)
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Please send copies of all communications to:
Jonathan M. Kopcsik, Esq.
Taylor Brody, Esq.
Stradley, Ronon, Stevens & Young, LLP
2005 Market Street, Suite 2600, Philadelphia, PA 19103-7018
(215) 564-8099
(215) 564-8071
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Approximate Date of Proposed Public Offering: As soon as practicable after this Registration Statement becomes effective under the Securities Act of 1933, as amended.
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Title of the securities being registered: Class A, Class R6 and Institutional Class shares of beneficial interest, no par value, of Delaware Strategic Income Fund. No filing fee is due because Registrant is relying on Section 24(f) of the
Investment Company Act of 1940, as amended.
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It is proposed that the filing will become effective on July 28, 2021 pursuant to Rule 488 under the Securities Act of 1933.
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1.
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Facing Page
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2.
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Contents Page
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3.
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Part A – Prospectus/Information Statement
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4.
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Part B – Statement of Additional Information
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5.
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Part C – Other Information
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6.
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Signatures
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7.
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Exhibits
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Acquired Funds
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Acquiring Funds
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Delaware Strategic Income II Fund, a series of Delaware Group® Equity Funds IV
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Delaware Strategic Income Fund, a series of Delaware Group Government Fund
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Delaware Floating Rate II Fund, a series of Delaware Group Equity Funds IV
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Delaware Floating Rate Fund, a series of Delaware Group Income Funds
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Delaware Limited Duration Bond Fund, a series of Delaware Group Equity Funds IV
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Delaware Limited-Term Diversified Income Fund, a series of Delaware Group Limited-Term Government Funds
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THE REORGANIZATIONS
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3
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COMPARISON OF INVESTMENT OBJECTIVES, STRATEGIES, RISKS, AND INVESTMENT RESTRICTIONS
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3
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How do the investment objectives, principal strategies, principal risks, and fundamental investment restrictions of the Acquired Funds compare against those of the Acquiring Funds?
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3
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INFORMATION ABOUT THE FUNDS
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21
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What are the fees and expenses of each Fund and what are the anticipated fees and expenses after the Reorganization?
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21
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How can I compare the costs of investing in Acquired Fund shares with the cost of investing in Acquiring Fund shares of the comparable class?
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25
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What are the general tax consequences of the Reorganizations?
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27
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Who manages the Funds?
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27
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How do the performance records of the Funds compare?
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29
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Where can I find more financial information about the Funds?
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36 |
What are other key features of the Funds?
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36
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REASONS FOR THE REORGANIZATIONS
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55
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INFORMATION ABOUT THE REORGANIZATIONS AND THE PLAN
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56
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How will the Reorganizations be carried out?
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56
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Who will pay the expenses of the Reorganization?
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57
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What are the tax consequences of each Reorganization?
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57
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What should I know about shares of the Acquired Fund and Acquiring Fund?
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60
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What are the capitalizations of the Funds and what might the capitalization be after the Reorganizations?
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62
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Do the Trustees and Officers own shares of the Funds?
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65
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Who are the control persons and owners of record or beneficially 5% or more of any class of a Fund’s outstanding equity securities?
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65
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MORE INFORMATION ABOUT THE FUNDS
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74
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EXHIBITS TO PROSPECTUS/INFORMATION STATEMENT
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76
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Acquisition of the Assets of:
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DELAWARE STRATEGIC INCOME II FUND
(a series of Delaware Group® Equity Funds IV)
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By and in exchange for shares of:
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DELAWARE STRATEGIC INCOME FUND
(a series of Delaware Group Government Fund)
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Acquisition of the Assets of:
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DELAWARE FLOATING RATE II FUND
(a series of Delaware Group Equity Funds IV)
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By and in exchange for shares of:
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DELAWARE FLOATING RATE FUND
(a series of Delaware Group Income Funds)
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Acquisition of the Assets of:
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DELAWARE LIMITED DURATION BOND FUND
(a series of Delaware Group Equity Funds IV)
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By and in exchange for shares of:
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DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND
(a series of Delaware Group Limited-Term Government Funds)
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Acquired Funds
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Acquiring Funds
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Delaware Strategic Income II Fund, a series of Delaware Group Equity Funds IV
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Delaware Strategic Income Fund, a series of Delaware Group Government Fund
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Delaware Floating Rate II Fund, a series of Delaware Group Equity Funds IV
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Delaware Floating Rate Fund, a series of Delaware Group Income Funds
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Delaware Limited Duration Bond Fund, a series of Delaware Group Equity Funds IV
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Delaware Limited-Term Diversified Income Fund, a series of Delaware Group Limited-Term Government Funds
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Acquired Fund Prospectuses
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Acquiring Fund Prospectuses
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Delaware Floating Rate Fund – dated Nov. 27, 2020,
as amended and restated July 9, 2021 (1933 Act File No. 002-37707) |
Delaware Strategic Income II Fund
(Acquired Fund)
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Delaware Strategic Income Fund
(Acquiring Fund)
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What is the Fund’s investment objective?
Delaware Strategic Income II Fund seeks a high level of current income.
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What is the Fund’s investment objective?
Delaware Strategic Income Fund seeks high current income and, secondarily, long-term total return.
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Delaware Strategic Income II Fund
(Acquired Fund)
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Delaware Strategic Income Fund
(Acquiring Fund)
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What are the Fund’s principal investment strategies?
Under normal circumstances, the Fund’s investment manager, Delaware Management Company (Manager), will invest at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, in US and foreign debt
securities, including those in emerging markets (80% policy). Foreign debt securities are fixed income securities of issuers organized or having a majority of their assets or deriving a majority of their operating income in foreign countries.
These fixed income securities include, but are not limited to, foreign government securities, debt obligations of foreign companies, and securities issued by supranational entities. Emerging market countries include those currently considered
to be developing or emerging countries by the World Bank, the United Nations, or the countries' governments. These countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central America, South America, and
Africa. Debt securities include all varieties of fixed, variable and floating rate income securities, including bonds, US and foreign government and agency securities, corporate loans (and loan participations), mortgage-backed securities and
other asset-backed securities and convertible securities. To achieve the Fund's investment objective, the Manager will allocate investments among various sectors of debt securities and at any given time may have a substantial amount of its
assets invested in any class of debt security. In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited, Macquarie Investment Management Austria Kapitalanlage
AG, and Macquarie Investment Management Global Limited (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment
discretion for securities in certain markets where the Manager
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What are the Fund’s principal investment strategies?
Under normal circumstances, the Manager will invest at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, in US and foreign debt securities, including those in emerging markets (80% policy). Debt
securities include all varieties of fixed, variable and floating rate income securities, including bonds, US and foreign government and agency securities, corporate loans (and loan participations), mortgage-backed securities and other
asset-backed securities and convertible securities. To achieve the Fund's investment objective, the Manager will allocate investments among various sectors of debt securities and at any given time may have a substantial amount of its assets
invested in any class of debt security.
In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment
Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in
certain markets where the Manager
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believes it will be beneficial to utilize an Affiliated Sub-Advisor's specialized market knowledge.
The Fund may invest up to 100% of its net assets in high yield, lower-quality debt securities (also known as “junk bonds”).
The Fund may invest up to 100% of its net assets in foreign securities, including emerging markets securities. The Fund’s total non-US dollar currency exposure may reach 100% of net assets. Due to the manner in which the Fund is managed, it
may be subject to a high rate of portfolio turnover.
The Fund may hold a substantial portion of its assets in cash or short-term fixed income obligations in unusual market conditions to meet redemption requests, for temporary defensive purposes, and pending investment. The Fund may also use a
wide range of derivatives instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps. The Fund may use derivatives for both hedging and nonhedging purposes. For
example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested;
forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or
markets, or to enhance total return; and index swaps to enhance return or to affect diversification.
The 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days’ notice prior to any such change.
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believes it will be beneficial to utilize an Affiliated Sub-Advisor's specialized market knowledge.
The Fund may invest up to 100% of its net assets in high yield, lower-quality debt securities (also known as “junk bonds”).
The Fund may invest up to 100% of its net assets in foreign securities, including emerging markets securities. The Fund’s total non-US dollar currency exposure may reach 100% of net assets. Due to the manner in which the Fund is managed, it
may be subject to a high rate of portfolio turnover.
The Fund may hold a substantial portion of its assets in cash or short-term fixed income obligations in unusual market conditions to meet redemption requests, for temporary defensive purposes, and pending investment. The Fund may also use a
wide range of derivatives instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps. The Fund may use derivatives for both hedging and nonhedging purposes. For
example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested;
forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or
markets, or to enhance total return; and index swaps to enhance return or to affect diversification.
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Acquired Fund
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Acquiring Fund
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Market risk
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Market risk
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Interest rate risk
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Interest rate risk
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High-yield (junk bond) risk
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High-yield (junk bond) risk
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IBOR risk
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IBOR risk
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Credit risk
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Credit risk
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Loans and other indebtedness risk
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Loans and other indebtedness risk
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Adjustable rate risk
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Adjustable rate risk
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Foreign and emerging markets risk
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Foreign and emerging markets risk
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Currency risk
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Derivatives risk
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Derivatives risk
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Leveraging risk
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Leveraging risk
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Mortgage-backed and asset-backed securities risk
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Mortgage-backed and asset-backed securities risk
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Prepayment risk
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Prepayment risk
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Valuation risk
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Valuation risk
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Portfolio turnover risk
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Portfolio turnover risk
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Liquidity risk
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Liquidity risk
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Government and regulatory risk
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Active management and selection risk
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Active management and selection risk
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Delaware Floating Rate II Fund
(Acquired Fund)
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Delaware Floating Rate Fund
(Acquiring Fund)
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What is the Fund’s investment objective?
Delaware Floating Rate II Fund seeks a high level of current income.
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What is the Fund’s investment objective?
Delaware Floating Rate Fund seeks high current income and, secondarily, long-term total return.
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Delaware Floating Rate II Fund
(Acquired Fund)
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Delaware Floating Rate Fund
(Acquiring Fund)
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What are the Fund’s principal investment strategies?
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and/or bonds (80% policy). Floating rate loans represent amounts borrowed by companies or
other entities from banks and other lenders, which have interest rates that reset periodically (annually or more frequently), generally based on a common interest rate index or another base rate. In many cases, they are issued in connection
with recapitalizations, acquisitions, leveraged buyouts and refinancings.
Delaware Management Company (Manager) will determine how much of the Fund’s assets to allocate among the different types of securities in which the Fund may invest based on its evaluation of economic and market conditions and its assessment
of the returns and potential for appreciation that can be achieved from various sectors of the fixed income market.
In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Global
Limited (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where the
Manager believes it will be beneficial
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What are the Fund’s principal investment strategies?
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating rate loans and other floating rate debt securities (80% policy). Delaware Management
Company (Manager) will determine how much of the Fund’s assets to allocate among the different types of securities in which the Fund may invest based on its evaluation of economic and market conditions and its assessment of the returns and
potential for appreciation that can be achieved from various sectors of the fixed income market.
In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment
Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in
certain markets
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to utilize an Affiliated Sub-Advisor's specialized market knowledge.
The Fund's investments may be variable- and floating-rate debt securities that generally pay interest at rates that adjust whenever a specified interest rate changes and/or reset on predetermined dates (such as the last day of a month or
calendar quarter). Derivatives instruments may be utilized to effectively convert the fixed-rate interest payments from a group of certain Fund portfolio securities into floating-rate interest payments. The average portfolio duration (that is,
the sensitivity to general changes in interest rates) of this Fund will generally not exceed one year.
Up to 100% of the Fund’s total assets may be allocated to below-investment-grade securities within the Fund. Investments in emerging markets will, in the aggregate, be limited to no more than 15% of the Fund’s total assets. The Manager will
limit non-US-dollar-denominated securities to no more than 50% of net assets, but total non-US-dollar currency exposure will be limited, in the aggregate, to no more than 25% of net assets. The Fund may also invest up to 50% of its total assets
in a wide range of derivatives instruments, including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps, for both hedging and nonhedging purposes. In addition, the Fund may hold a portion of
its assets in cash or cash equivalents.
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where the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisor's specialized market knowledge.
The Fund's investments may be variable- and floating-rate debt securities that generally pay interest at rates that adjust whenever a specified interest rate changes and/or reset on predetermined dates (such as the last day of a month or
calendar quarter). Derivatives instruments may be utilized to effectively convert the fixed-rate interest payments from a group of certain Fund portfolio securities into floating-rate interest payments. The average portfolio duration (that is,
the sensitivity to general changes in interest rates) of this Fund will generally not exceed one year.
Up to 100% of the Fund’s total assets may be allocated to below-investment-grade securities within the Fund. Investments in emerging markets will, in the aggregate, be limited to no more than 15% of the Fund’s total assets. The Manager will
limit non-US-dollar-denominated securities to no more than 50% of net assets, but total non-US-dollar currency exposure will be limited, in the aggregate, to no more than 25% of net assets. The Fund may also invest up to 50% of its total assets
in a wide range of derivatives instruments, including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps, for both hedging and nonhedging purposes. In addition, the Fund may hold a portion of
its assets in cash or cash equivalents.
The 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days’ notice prior to any such change.
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Acquired Fund
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Acquiring Fund
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Market risk
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Market risk
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Credit risk
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Credit risk
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Loans and other indebtedness risk
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Loans and other indebtedness risk
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Interest rate risk
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Interest rate risk
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High yield (junk bond) risk
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High yield (junk bond) risk
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Adjustable rate securities risk
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Adjustable rate securities risk
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Prepayment risk
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Prepayment risk
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Foreign and emerging markets risk
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Foreign and emerging markets risk
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IBOR risk
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IBOR risk
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Derivatives risk
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Derivatives risk
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Leveraging risk
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Leveraging risk
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Valuation risk
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Valuation risk
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Government and regulatory risk
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Government and regulatory risk
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Liquidity risk
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Liquidity risk
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Active management and selection risk
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Active management and selection risk
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Delaware Limited Duration Bond Fund
(Acquired Fund)
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Delaware Limited-Term Diversified Income Fund (Acquiring Fund)
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What is the Fund’s investment objective?
Delaware Limited Duration Bond Fund seeks current income consistent with low volatility of principal.
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What is the Fund’s investment objective?
Delaware Limited-Term Diversified Income Fund seeks maximum total return, consistent with reasonable risk.
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Delaware Limited Duration Bond Fund
(Acquired Fund)
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Delaware Limited-Term Diversified Income Fund (Acquiring Fund)
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What are the Fund’s principal investment strategies?
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade bonds (80% policy). For purposes of the 80% policy, investment grade bonds also include other
investment grade fixed income securities.
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What are the Fund’s principal investment strategies?
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment grade fixed income securities, including, but not limited to, fixed income securities
issued or guaranteed by the US
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Investment grade debt securities include those that are rated within the four highest ratings categories by Moody’s or S&P or that are unrated but determined by the Manager to be of equivalent quality.
The Fund will maintain an average effective duration from one to three years. The Fund’s investment manager, Delaware Management Company (Manager), will determine how much of the Fund’s assets to allocate among the different types of fixed
income securities in which the Fund may invest based on the Manager’s evaluation of economic and market conditions and its assessment of the returns and potential for appreciation that can be achieved from various sectors of the fixed income
market. The Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Global Limited
(together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where the Manager
believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.
The corporate debt obligations in which the Fund may invest include bonds, notes, debentures, and commercial paper of US companies and, subject to the limitations described below, non-US companies. The Fund may also invest in a variety of
securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities, which have been established or are sponsored by the US government, and, subject to the
limitations described below, securities issued by foreign governments.
Additionally, the Fund may invest in mortgage-backed securities issued or guaranteed by the US government, its agencies or instrumentalities, government-sponsored corporations, and mortgage-backed securities issued by certain private,
nongovernment entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and
leases.
The Fund may invest up to 20% of its net assets in below-investment-grade securities (also known as high yield or “junk” bonds).
The Fund may also invest up to 30% of its net assets in foreign securities, including up to 10% of its net assets in securities of issuers located in emerging markets. The
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government, its agencies or instrumentalities, and by US corporations (80% policy). Investment grade fixed income securities are securities rated BBB- or higher by Standard & Poor’s Financial Services LLC (S&P) and Baa3 or higher by
Moody’s Investors Service, Inc. (Moody’s), or similarly rated by another nationally recognized statistical rating organization (NRSRO), or those that are deemed to be of comparable quality. The Fund will maintain an average effective duration
from one to three years. The Fund’s investment manager, Delaware Management Company (Manager), will determine how much of the Fund’s assets to allocate among the different types of fixed income securities in which the Fund may invest based on
the Manager’s evaluation of economic and market conditions and its assessment of the returns and potential for appreciation that can be achieved from various sectors of the fixed income market.
The Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment Management
Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain
markets where the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.
The corporate debt obligations in which the Fund may invest include bonds, notes, debentures, and commercial paper of US companies and, subject to the limitations described below, non-US companies. The Fund may also invest in a variety of
securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities, which have been established or are sponsored by the US government, and, subject to the
limitations described below, securities issued by foreign governments.
Additionally, the Fund may invest in mortgage-backed securities issued or guaranteed by the US government, its agencies or instrumentalities, government-sponsored corporations, and mortgage-backed securities issued by certain private,
nongovernment entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and
leases.
The Fund may invest up to 20% of its net assets in below-investment-grade securities (also known as high yield or “junk” bonds).
The Fund may also invest up to 30% of its net assets in foreign securities, including up to 10% of its net assets in securities of issuers located in emerging markets. The
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Fund’s total non-US dollar currency exposure will be limited, in the aggregate, to no more than 10% of its net assets.
The Fund may use a wide range of derivatives instruments, typically including options, futures contracts, options on futures contracts, forward foreign currency contracts, and swaps. The Fund will use derivatives for both hedging and
nonhedging purposes. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to
stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to
certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification. The Fund will not use derivatives for reasons inconsistent with its investment objective and will limit its investments
in derivatives instruments to 20% of its net assets.
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Fund’s total non-US dollar currency exposure will be limited, in the aggregate, to no more than 10% of its net assets.
The Fund may use a wide range of derivatives instruments, typically including options, futures contracts, options on futures contracts, forward foreign currency contracts, and swaps. The Fund will use derivatives for both hedging and
nonhedging purposes. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to
stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to
certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification. The Fund will not use derivatives for reasons inconsistent with its investment objective and will limit its investments
in derivatives instruments to 20% of its net assets.
The Fund’s 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days’ notice prior to any such change.
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Acquired Fund
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Acquiring Fund
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Fixed income related risks:
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Fixed income related risks:
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Interest rate risk
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Interest rate risk
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Credit risk
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Credit risk
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High yield (junk bond) risk
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High yield (junk bond) risk
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Prepayment risk
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Prepayment risk
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Other risks:
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Other risks:
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Market risk
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Market risk
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Derivatives risk
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Derivatives risk
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Mortgage-backed and asset-backed securities risk
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Mortgage-backed and asset-backed securities risk
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Leveraging risk
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Leveraging risk
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Foreign risk
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Foreign risk
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Valuation risk
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Valuation risk
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IBOR risk
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IBOR risk
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Government and regulatory risk
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Government and regulatory risk
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Liquidity risk
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Liquidity risk
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Active management and selection risk
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Active management and selection risk
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Acquired Fund
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Fiscal Year Ended 9/30/20
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Fiscal Year Ended 9/30/19
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Fiscal Year Ended 9/30/18
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Delaware Strategic Income II Fund1
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244%2
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70%
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58%
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Delaware Floating Rate II Fund1
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176%2
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88%
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60%
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Delaware Limited Duration Bond Fund1
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162%2
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87%
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102%
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Acquiring Fund
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Fiscal Year Ended 7/31/20
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Fiscal Year Ended 7/31/19
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Fiscal Year Ended 7/31/18
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Delaware Strategic Income Fund
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130%
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106%
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125%
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Delaware Floating Rate Fund
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125%
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143%
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157%
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Fiscal Year Ended 12/31/20
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Fiscal Year Ended 12/31/19
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Fiscal Year Ended 12/31/18
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Delaware Limited-Term Diversified Income Fund
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123%
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130%
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151%
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Shareholder Fees
(fees paid directly from your investment)
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Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
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Class
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Maximum Sales Charge (Load) Imposed on Purchases
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Maximum Deferred Sales Charge (Load)
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Management Fees
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Distribution and/or Service (12b-1) Fees
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Other Expenses
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Acquired Fund Fees and Expenses
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Total Annual Fund Operating Expenses
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Fee Waiver and/or Expense Reimbursement
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Recoupments
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Total Annual Operating Expenses After Fee Waivers, Expense Reimbursements and/or Recoupments
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Delaware Strategic Income II Fund as of March 31, 2021
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Class A into Acquiring Fund Class A
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4.50%
|
None
|
0.55%
|
0.25%
|
0.34%
|
None
|
1.14%
|
(0.00%)1
|
None
|
1.14%2
|
|
Inst. Class into Acquiring Fund Inst. Class
|
None
|
None
|
0.55%
|
None
|
0.34%
|
None
|
0.89%
|
(0.00%)1
|
None
|
0.89%2
|
|
|
|
|
|
||||||||
Delaware Strategic Income Fund as of Nov. 27, 2020
|
|||||||||||
Class A
|
4.50%
|
None
|
0.55%
|
0.25%
|
0.69%
|
None
|
1.49%
|
(0.65%)3
|
None
|
0.84%
|
|
Inst. Class
|
None
|
None
|
0.55%
|
None
|
0.69%
|
None
|
1.24%
|
(0.65%)3
|
None
|
0.59%
|
|
Pro Forma
Delaware Strategic Income Fund as of Sep. 17, 2021
|
|
||||||||||
Class A
|
4.50%
|
None
|
0.55%
|
0.25%
|
0.34%
|
None
|
1.14%
|
(0.30%)4
|
None
|
0.84%
|
|
Inst. Class
|
None
|
None
|
0.55%
|
None
|
0.34%
|
None
|
0.89%
|
(0.30%)4
|
None
|
0.59%
|
Shareholder Fees
(fees paid directly from your investment)
|
|
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
|
|||||||||
Class
|
Maximum Sales Charge (Load) Imposed on Purchases
|
Maximum Deferred Sales Charge (Load)
|
|
Management Fees
|
Distribution and/or Service (12b-1) Fees
|
Other Expenses
|
Acquired Fund Fees and Expenses
|
Total Annual Fund Operating Expenses
|
Fee Waiver and/or Expense Reimbursement
|
Recoupments
|
Total Annual Operating Expenses After Fee Waivers, Expense Reimbursements and/or Recoupments
|
|
|
|
|
|
|
|
|
|
|
|
|
Delaware Floating Rate II Fund as of March 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
Class A into Acquiring Fund Class A
|
2.75%
|
None
|
0.50%
|
0.25%
|
0.50%
|
None
|
1.25%
|
(0.17%)2
|
None
|
1.08%
|
|
Inst. Class into Acquiring Fund Inst. Class
|
None
|
None
|
0.50%
|
None
|
0.50%
|
None
|
1.00%
|
(0.17%)2
|
None
|
0.83%
|
|
Class R6 into Acquiring Fund Class R6
|
None
|
None
|
0.50%
|
None
|
0.46%1
|
None
|
0.96%
|
(0.21%)2
|
None
|
0.75%
|
|
|
|
|
|
||||||||
Delaware Floating Rate Fund as of Nov. 27, 2020
|
|||||||||||
Class A
|
2.75%
|
None
|
0.50%
|
0.25%
|
0.32%
|
None
|
1.07%
|
(0.13%)3
|
None
|
0.94%
|
|
Inst. Class
|
None
|
None
|
0.50%
|
None
|
0.32%
|
None
|
0.82%
|
(0.13%)3
|
None
|
0.69%
|
|
Class R6
|
None
|
None
|
0.50%
|
None
|
0.25%1
|
None
|
0.75%
|
(0.13%)3
|
None
|
0.62%
|
|
Pro Forma Delaware Floating Rate Fund as of Sep. 17, 2021
|
|||||||||||
Class A
|
2.75%
|
None
|
0.50%
|
0.25%
|
0.27%
|
None
|
1.02%
|
(0.08%)4
|
None
|
0.94%
|
|
Inst. Class
|
None
|
None
|
0.50%
|
None
|
0.27%
|
None
|
0.77%
|
(0.08%)4
|
None
|
0.69%
|
|
Class R6
|
None
|
None
|
0.50%
|
None
|
0.21%1
|
None
|
0.71%
|
(0.08%)4
|
None
|
0.63%
|
Shareholder Fees
(fees paid directly from your investment)
|
|
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
|
|||||||||
Class
|
Maximum Sales Charge (Load) Imposed on Purchases
|
Maximum Deferred Sales Charge (Load)
|
|
Management Fees
|
Distribution and/or Service (12b-1) Fees
|
Other Expenses
|
Acquired Fund Fees and Expenses
|
Total Annual Fund Operating Expenses
|
Fee Waiver and/or Expense Reimbursement
|
Recoupments
|
Total Annual Operating Expenses After Fee Waivers, Expense Reimbursements and/or Recoupments
|
|
|
|
|
|
|
|
|
|
|
|
|
Delaware Limited Duration Bond Fund as of March 31, 2021
|
|
|
|
|
|
|
|
|
|
|
|
Class A into Acquiring Fund Class A
|
2.75%
|
None
|
0.50%
|
0.25%
|
0.27%
|
None
|
1.02%
|
(0.27%)2
|
None
|
0.75%
|
|
Inst. Class into Acquiring Fund Inst. Class
|
None
|
None
|
0.50%
|
None
|
0.27%
|
None
|
0.77%
|
(0.26%)2
|
None
|
0.51%
|
|
Class R6 into Acquiring Fund Class R6
|
None
|
None
|
0.50%
|
None
|
0.24%1
|
None
|
0.74%
|
(0.40%)2
|
None
|
0.34%
|
|
|
|
|
|
||||||||
Delaware Limited-Term Diversified Income Fund as of April 30, 2021
|
|||||||||||
Class A
|
2.75%
|
None
|
0.50%
|
0.25%
|
0.21%
|
None
|
0.96%
|
(0.42%)3
|
None
|
0.54%
|
|
Inst. Class
|
None
|
None
|
0.50%
|
None
|
0.21%
|
None
|
0.71%
|
(0.32%)3
|
None
|
0.39%
|
|
Class R6
|
None
|
None
|
0.50%
|
None
|
0.14%1
|
None
|
0.64%
|
(0.32%)3
|
None
|
0.32%
|
|
Pro Forma Delaware Limited-Term
|
Diversified Income Fund as of Sep. 17, 2021
|
|||||||||||
Class A
|
2.75%
|
None
|
0.50%
|
0.25%
|
0.19%
|
None
|
0.94%
|
(0.40%)4
|
None
|
0.54%
|
|
Inst. Class
|
None
|
None
|
0.50%
|
None
|
0.19%
|
None
|
0.69%
|
(0.30%)4
|
None
|
0.39%
|
|
Class R6
|
None
|
None
|
0.50%
|
None
|
0.13% 1
|
None
|
0.63%
|
(0.31%)4
|
None
|
0.32%
|
Class A
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$561
|
$796
|
$1,049
|
$1,774
|
Acquiring Fund
|
$532
|
$839
|
$1,168
|
$2,096
|
Pro forma Acquiring Fund (after the Reorganization)
|
$532
|
$768
|
$1,022
|
$1,748
|
Inst. Class
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$91
|
$284
|
$493
|
$1,096
|
Acquiring Fund
|
$60
|
$329
|
$618
|
$1,443
|
Pro forma Acquiring Fund (after the Reorganization)
|
$60
|
$254
|
$464
|
$1,068
|
Class A
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$382
|
$644
|
$927
|
$1,730
|
Acquiring Fund
|
$368
|
$593
|
$837
|
$1,533
|
Pro forma Acquiring Fund (after the Reorganization)
|
$368
|
$583
|
$815
|
$1,481
|
Inst. Class
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$85
|
$301
|
$536
|
$1,209
|
Acquiring Fund
|
$70
|
$249
|
$442
|
$1,001
|
Pro forma Acquiring Fund (after the Reorganization)
|
$70
|
$238
|
$420
|
$947
|
Class R6
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$77
|
$285
|
$510
|
$1,159
|
Acquiring Fund
|
$63
|
$227
|
$404
|
$918
|
Pro forma Acquiring Fund (after the Reorganization)
|
$64
|
$219
|
$387
|
$875
|
Class A
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$349
|
$565
|
$797
|
$1,465
|
Acquiring Fund
|
$329
|
$532
|
$751
|
$1,383
|
Pro forma Acquiring Fund (after the Reorganization)
|
$329
|
$528
|
$743
|
$1,362
|
Inst. Class
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$52
|
$220
|
$402
|
$930
|
Acquiring Fund
|
$40
|
$195
|
$363
|
$852
|
Pro forma Acquiring Fund (after the Reorganization)
|
$40
|
$191
|
$354
|
$830
|
Class R6
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Acquired Fund
|
$35
|
$196
|
$372
|
$881
|
Acquiring Fund
|
$33
|
$173
|
$325
|
$768
|
Pro forma Acquiring Fund (after the Reorganization)
|
$33
|
$170
|
$320
|
$757
|
Fund
|
Aggregate Fee
|
Delaware Strategic Income Fund
|
0.00%
|
Delaware Floating Rate Fund
|
0.39%
|
Delaware Limited-Term Diversified Income Fund
|
0.18%
|
1 year
|
5 years
|
Lifetime
(4/3/13-12/31/20) |
|
Class A return before taxes
|
3.89%
|
4.06%
|
2.71%
|
Class A return after taxes on distributions
|
2.37%
|
2.63%
|
1.28%
|
Class A return after taxes on distributions and sale of Fund shares
|
2.23%
|
2.46%
|
1.42%
|
Institutional Class return before taxes
|
8.91%
|
5.28%
|
3.61%
|
Bloomberg Barclays US Aggregate Index (reflects no deduction for fees, expenses or taxes)
|
7.51%
|
4.44%
|
3.33%
|
1 year
|
5 years
|
10 years
|
|
Class A return before taxes
|
4.52%
|
3.86%
|
3.59%
|
Class A return after taxes on distributions
|
2.92%
|
2.34%
|
2.21%
|
Class A return after taxes on distributions and sale of Fund shares
|
2.60%
|
2.25%
|
2.14%
|
Class C return before taxes
|
7.80%
|
4.05%
|
3.30%
|
Class R return before taxes
|
9.33%
|
4.56%
|
3.81%
|
Institutional Class return before taxes
|
9.90%
|
5.09%
|
4.33%
|
Bloomberg Barclays US Aggregate Index (reflects no deduction for fees, expenses or taxes)
|
7.51%
|
4.44%
|
3.84%
|
1 year
|
5 years
|
Lifetime
(10/21/13-12/31/20) |
|||||||||||
Class A return before taxes
|
-0.26%
|
3.19%
|
2.19%
|
||||||||||
Class A return after taxes on distributions
|
-2.00%
|
1.62%
|
0.74%
|
||||||||||
Class A return after taxes on distributions and sale of Fund shares
|
-0.19%
|
1.74%
|
1.01%
|
||||||||||
Institutional Class return before taxes
|
2.72%
|
3.87%
|
2.76%
|
||||||||||
Class R6 return before taxes
|
2.98%
|
4.13%
|
2.98%
|
||||||||||
S&P/LSTA Leveraged Loan Index (reflects the deduction of foreign withholding taxes on dividends)
|
3.12%
|
5.24%
|
3.89%
|
||||||||||
|
|
|
|
|
|
|
|
|
|
1 year
|
5 years
|
10 years
|
||
Class A return before taxes
|
-0.47%
|
3.20%
|
2.26%
|
|
Class A return after taxes on distributions
|
-2.14%
|
1.60%
|
1.06%
|
|
Class A return after taxes on distributions and sale of Fund shares
|
-0.33%
|
1.74%
|
1.21%
|
|
Class C return before taxes
|
0.67%
|
3.00%
|
1.78%
|
|
Class R return before taxes
|
2.15%
|
3.51%
|
2.21%
|
|
Institutional Class return before taxes
|
2.55%
|
4.03%
|
2.80%
|
|
S&P/LSTA Leveraged Loan Index
|
3.12%
|
5.24%
|
4.32%
|
1 year
|
5 years
|
Lifetime (5/19/14-12/31/20)
|
|
Class A return before taxes
|
1.30%
|
1.51%
|
1.09%
|
Class A return after taxes on distributions
|
0.42%
|
0.50%
|
0.11%
|
Class A return after taxes on distributions and sale of Fund shares
|
0.76%
|
0.70%
|
0.39%
|
Institutional Class return before taxes
|
4.37%
|
2.32%
|
1.79%
|
Class R6 return before taxes
|
4.52%
|
2.48%
|
1.97%
|
Bloomberg Barclays 1-3 Year US Government/Credit Index (reflects no deduction for fees, expenses, or taxes)
|
3.33%
|
2.21%
|
1.80%
|
||||||||||
|
|
|
|
|
|
|
|
|
|
1 year
|
5 years
|
10 years or lifetime
|
|||||||||||
Class A return before taxes
|
1.34%
|
1.83%
|
1.45%
|
||||||||||
Class A return after taxes on distributions
|
0.64%
|
0.99%
|
0.69%
|
||||||||||
Class A return after taxes on distributions and sale of Fund shares
|
0.78%
|
1.02%
|
0.79%
|
||||||||||
Class C return before taxes
|
2.28%
|
1.56%
|
0.88%
|
||||||||||
Class R return before taxes
|
3.66%
|
2.05%
|
1.37%
|
||||||||||
Institutional Class return before taxes
|
4.31%
|
2.56%
|
1.88%
|
||||||||||
Class R6 return before taxes (lifetime: 5/1/17-12/31/20)
|
4.38%
|
n/a
|
2.56%
|
||||||||||
Bloomberg Barclays 1-3 Year US Government/Credit Index (reflects no deduction for fees, expenses, or taxes)
|
3.33%
|
2.21%
|
1.60%
|
||||||||||
|
|
|
|
|
|
|
|
|
|
Investment Advisory Fee
|
0.55% on the first $500 million
0.50% on the next $500 million
0.45% on next $1.5 billion
0.425% on assets in excess of $2.5 billion
|
Investment Advisory Fee
|
0.50% on the first $500 million
0.475% on the next $500 million
0.45% on the next $1.5 billion
0.425% on assets in excess of $2.5 billion
|
Investment Advisory Fee
|
0.50% on the first $500 million
0.475% on the next $500 million
0.45% on the next $1.5 billion
0.425% on assets in excess of $2.5 billion
|
• |
Class A shares have an upfront sales charge that you pay when you buy the shares of up to: 4.50% for Delaware Strategic Income II Fund and Delaware Strategic Income Fund; and 2.75% for Delaware Floating Rate II Fund, Delaware Floating Rate
Fund, Delaware Limited Duration Bond Fund, and Delaware Limited-Term Diversified Income Fund.
|
• |
If you invest $100,000 or more your front-end sales charge will be reduced.
|
• |
You may qualify for other reduced sales charges and, under certain circumstances, the sales charge may be waived, as described in “How to reduce your sales charge” below.
|
• |
Class A shares are also subject to an annual 12b-1 fee no greater than 0.25% (currently limited to 0.15% for Delaware Limited Duration Bond Fund and Delaware Limited-Term Diversified Income Fund) of average daily net assets. See “Dealer
compensation” below for further information. For Delaware Strategic Income Fund, the Board has adopted a formula for calculating 12b-1 plan expenses for the Class A shares of Delaware Strategic Income Fund. The total 12b-1 fee to be paid by
Class A shareholders of the Delaware Strategic Income Fund will be the sum of 0.10% of the average daily net assets representing the shares that were acquired prior to June 1, 1992 and 0.25% of the average daily net assets representing the
shares that were acquired on or after June 1, 1992. All Class A shareholders of Delaware Strategic Income Fund will bear the Class A 12b-1 fee at the same rate, the blended rate based upon the allocation of the 0.10% and 0.25% described above.
|
• |
Class A shares generally are not subject to a CDSC, except in the limited circumstances described in the table below.
|
• |
Class A shares generally are not available for purchase by anyone qualified to purchase Class R shares, except as described below.
|
• |
Any account holding Class A shares of Delaware Strategic Income Fund as of June 2, 2003 (the date Class R shares were made available) continues to be eligible to purchase Class A shares of Delaware Strategic Income Fund after that date.
|
• |
Because of the higher 12b-1 fee, Class A shares have higher expenses and any dividends paid on these shares are generally lower than dividends on Institutional Class shares and Class R6 shares.
|
• |
In addition, you may have received Class A shares as the result of a merger or reorganization of a predecessor fund.
|
• |
You may qualify for other reduced sales charges and, under certain circumstances, the sales charge may be waived, as described in “How to reduce your sales charge” below.
|
|
|
|
|
|
|
|
Amount of purchase
|
Sales charge as a %
of offering price |
Sales charge as a %
of net amount invested |
||||
Less than $100,000
|
|
4.50%
|
|
|
5.13%
|
|
$100,000 but less than $250,000
|
|
3.50%
|
|
|
4.00%
|
|
$250,000 but less than $500,000
|
|
2.50%
|
|
|
3.00%
|
|
$500,000 but less than $1 million
|
|
2.00%
|
|
|
2.44%
|
|
$1 million or more
|
|
none*
|
|
|
none*
|
|
|
|
|
|
|
|
|
Amount of purchase
|
Sales charge as a %
of offering price |
Sales charge as a %
of net amount invested |
||||
Less than $100,000
|
|
2.75%
|
|
|
3.23%
|
|
$100,000 but less than $250,000
|
|
2.00%
|
|
|
2.44%
|
|
$250,000 but less than $1 million
|
|
1.00%
|
|
|
1.34%
|
|
$1 million or more
|
|
none*
|
|
|
none*
|
|
• |
Institutional Class shares have no upfront sales charge, so the full amount of your purchase is invested in a Fund.
|
• |
Institutional Class shares are not subject to a CDSC.
|
• |
Institutional Class shares do not assess a 12b-1 fee.
|
• |
Institutional Class shares are available for purchase only by the following:
|
o |
retirement plans or certain other programs that are maintained on platforms sponsored by financial intermediary firms, provided the financial intermediary firms or their trust companies (or entities performing similar trading/clearing
functions) have entered into an agreement with the Distributor (or its affiliate) related to such plans or programs;
|
o |
tax-exempt employee benefit plans of the Manager, its affiliates, and securities dealers that have a selling agreement with the Distributor;
|
o |
a bank, trust company, or similar financial institution investing for its own account or for the account of its trust customers for whom the financial institution is exercising investment discretion in purchasing Institutional Class shares,
except where the investment is part of a program that requires payment to the financial institution of a Rule 12b-1 Plan fee;
|
o |
registered investment advisors (RIAs) investing on behalf of clients that consist solely of institutions and high net worth individuals whose assets are entrusted to an RIA for investment purposes for accounts requiring Institutional Class
shares (use of the Institutional Class shares is restricted to RIAs who are not affiliated or associated with a broker or dealer and who derive compensation for their services exclusively from their advisory clients);
|
o |
programs sponsored by, controlled by, and/or clearing transactions submitted through a financial intermediary where: (1) such programs allow or require the purchase of Institutional Class shares; (2) a financial intermediary has entered into
an agreement with the Distributor and/or the transfer agent allowing certain purchases of Institutional Class shares; and (3) a financial intermediary (i) charges clients an ongoing fee for advisory, investment consulting or similar services,
or (ii) offers the Institutional Class shares through a no-commission network or platform;
|
o |
through a brokerage program of a financial intermediary that has entered into a written agreement with the Distributor and/or the transfer agent specifically allowing purchases of Institutional Class shares in such programs; or
|
o |
private investment vehicles, including, but not limited to, foundations and endowments.
|
• |
In addition, you may have received Institutional Class shares as the result of a merger or reorganization of a predecessor fund.
|
• |
A shareholder transacting in Institutional Class shares through a broker or other financial intermediary may be required to pay a commission and/or other forms of compensation to the financial intermediary.
|
• |
Class R6 shares have no upfront sales charge, so the full amount of your purchase is invested in the Fund. Class R6 shares are not subject to a CDSC.
|
• |
Class R6 shares do not assess a 12b-1 fee.
|
• |
Class R6 shares do not pay any service fees, sub-accounting fees, and/or subtransfer agency fees to any brokers, dealers, or other financial intermediaries.
|
• |
Class R6 shares are generally available to certain employer-sponsored retirement plans, such as 401(k) plans, 457 plans, 403(b) plans, profit-sharing plans and money purchase pension plans, defined benefit plans, employer-sponsored benefit
plans, and non-qualified deferred compensation plans. In addition, for these employer-sponsored retirement plans, Class R6 shares must be held through plan level or omnibus accounts held on the books of the Fund, and Class R6 shares are only
available for purchase through financial intermediaries who have the appropriate agreement with the Distributor (or its affiliates) related to Class R6.
|
• |
Class R6 shares are also available for purchase through certain programs, platforms, or accounts that are maintained or sponsored by financial intermediary firms (including but not limited to, brokers, dealers, banks, trust companies, or
entities performing trading/clearing functions), provided that the financial intermediary firm has entered into an agreement with the Distributor (or its affiliates) related to Class R6 for such programs, platforms or accounts.
|
• |
In addition to the foregoing list of eligible investors, Class R6 shares are generally available to certain institutional investors and high net worth individuals who make a minimum initial investment directly in
|
• |
Class R6 shares may not be available through certain financial intermediaries.
|
• |
In addition, you may have received Class R6 shares as the result of a merger or reorganization of a predecessor fund.
|
Commission (%)
|
Class A1
|
||
Investment Less than $100,000
|
|
4.00%
|
|
$100,000 but less than $250,000
|
|
3.00%
|
|
$250,000 but less than $500,000
|
|
2.00%
|
|
$500,000 but less than $1 million
|
|
1.60%
|
|
$1 million but less than $5 million
|
|
1.00%
|
|
$5 million but less than $25 million
|
|
0.50%
|
|
$25 million or more
|
|
0.25%
|
|
12b-1 fee to dealer
|
|
0.25%
|
|
|
|
|
|
Commission (%)
|
Class A1
|
||
Investment less than $100,000
|
|
2.35%
|
|
$100,000 but less than $250,000
|
|
1.75%
|
|
$250,000 but less than $5 million
|
|
0.75%
|
|
$5 million but less than $25 million
|
|
0.50%
|
|
$25 million or more
|
|
0.25%
|
|
12b-1 fee to dealer
|
|
0.25%
|
2
|
Class A
|
Class C
|
Available.
|
Although the letter of intent does not apply to the purchase of Class C shares, you can combine your purchase of Class C shares with your purchase of Class A shares to fulfill your letter of intent. Although the rights of accumulation do not
apply to the purchase of Class C shares, you can combine the value of your Class C shares with the value of your Class A shares to receive a reduced sales charge.
|
Class A
|
Class C
|
Available.
|
Not available.
|
Class A
|
Class C
|
Available.
|
Although the letter of intent does not apply to the purchase of Class C shares, you can combine your purchase of Class C shares with your purchase of Class A shares to fulfill your letter of intent. Although the rights of accumulation do not
apply to the purchase of Class C shares, you can combine the value of your Class C shares with the value of your Class A shares to receive a reduced sales charge.
|
• |
Shares purchased under the Delaware Funds dividend reinvestment plan and, under certain circumstances, the exchange privilege and the 90-day reinvestment privilege.
|
• |
Purchases by: (i) current and former officers, Trustees/Directors, and employees of any Delaware Fund, the Manager, any of the Manager's current affiliates and those that may in the future be created, or any predecessor fund to a Delaware
Fund, including the funds formerly advised by Foresters Investment Management Company, Inc., Ivy Investment Management Company (IICO), Waddell & Reed, or any other fund families acquired or merged into the Delaware Funds; (ii) current
employees of legal counsel to Delaware Funds; and (iii) registered representatives, employees, officers, and directors of broker/dealers who have entered into dealer's agreements with the Distributor. At the direction of such persons, their
family members (regardless of age), and any employee benefit plan, trust, or other entity directly owned by, controlled by, or established by any of the foregoing may also purchase shares at NAV.
|
• |
Purchases by bank employees who provide services in connection with agreements between the bank and unaffiliated brokers or dealers concerning sales of shares of Delaware Funds.
|
• |
Purchases by certain officers, trustees, and key employees of institutional clients of the Manager or any of its affiliates.
|
• |
Purchases by programs sponsored by, controlled by, and/or clearing transactions submitted through a financial intermediary where: (i) such programs allow or require the purchase of Class A shares; (ii) a financial intermediary has entered
into an agreement with the Distributor and/or the transfer agent allowing certain purchases of Class A shares; and (iii) a financial intermediary (1) charges clients an ongoing fee for advisory, investment consulting, or similar services, or
(2) offers the Class A shares through a no-commission network or platform. Investors may be charged a fee by their financial intermediary when effecting transactions in Class A shares through a financial intermediary that offers these programs.
|
• |
Purchases for the benefit of the clients of brokers, dealers, and other financial intermediaries if such brokers, dealers, or other financial intermediaries have entered into an agreement with the Distributor providing for the purchase of
Class A shares at NAV through self-directed brokerage service platforms or programs. Investors may be charged a fee by their financial intermediary when effecting transactions in Class A shares at NAV through a self-directed investment
brokerage service platform or program.
|
• |
Purchases by financial institutions investing for the accounts of their trust customers if they are not eligible to purchase shares of a Fund’s Institutional Class, if applicable.
|
• |
Purchases by retirement plans or certain other programs that are maintained or sponsored by financial intermediary firms, provided the financial intermediary firms or their trust companies (or entities performing similar trading/clearing
functions) have entered into an agreement with the Distributor (or its affiliates) related to such plans or programs.
|
• |
Purchases by certain legacy bank-sponsored retirement plans and certain legacy retirement assets that meet requirements set forth in the SAI.
|
• |
Investments made by plan level and/or participant retirement accounts that are for the purpose of repaying a loan taken from such accounts.
|
• |
Purchases by certain participants in defined contribution plans and members of their households whose plan assets will be rolled over into IRA accounts (IRA Program) where the financial intermediary has entered into an agreement specifically
relating to such IRA Program with the Distributor and/or the transfer agent.
|
|
• |
Purchases by certain participants of particular group retirement plans as described in the SAI.
|
• |
Additional purchases by existing shareholders whose accounts were eligible for purchasing shares at NAV under a predecessor fund’s eligibility requirements set by the predecessor fund’s company.
|
• |
Redemptions in accordance with a systematic withdrawal plan: Redemptions in accordance with a systematic withdrawal plan, provided the annual amount selected to be withdrawn under the plan does not
exceed 12% of the value of the account on the date that the systematic withdrawal plan was established or modified.
|
• |
Redemptions that result from the right to liquidate a shareholder’s account: Redemptions that result from the right to liquidate a shareholder’s account if the aggregate NAV of the shares held in the
account is less than the then-effective minimum account size.
|
• |
Distributions from an account of a redemption resulting from death or disability: Distributions from an account of a redemption resulting from the death or disability (as defined in Section 72(t)(2)(A)
of the Internal Revenue Code) of a registered owner or a registered joint owner occurring after the purchase of the shares being redeemed. In the case of accounts established under the Uniform Gifts to Minors Act or Uniform Transfers to Minors
Act or trust accounts, the waiver applies upon the death of all beneficial owners.
|
• |
Redemptions in connection with a fund liquidation: Redemptions subsequent to the fund liquidation notice to shareholders.
|
• |
By check — Sent to your address of record, provided there has not been an address change in the last 30 days.
|
• |
By wire — Sent directly to your bank by wire, if you redeem at least $1,000 of shares. If you request a wire transfer, a bank wire fee may be deducted from your proceeds.
|
• |
By ACH — Sent via Automated Clearing House (ACH), subject to a $25 minimum.
|
• |
Bank information must be on file before you request a wire or ACH redemption. Your bank may charge a fee for these services.
|
• |
Each Acquiring Fund and its corresponding Acquired Fund share similar investment objectives, strategies and risks, and identical fundamental investment restrictions.
|
• |
Each Acquiring Fund and its corresponding Acquired Fund have a high degree of portfolio holding overlap and the same portfolio management teams, which should minimize transaction costs due to the Reorganization;
|
• |
Each Acquiring Fund’s net expenses will remain the same following the Reorganization, and, for each Acquired Fund, the Fund’s net expenses are expected to decrease, and the Reorganization will have the effect of reducing the net expense
ratio for shareholders of the Acquired Funds.
|
• |
Each Acquiring Fund’s expense limitation agreements will remain in place for a minimum of twelve months following the Reorganization.
|
• |
Each Acquiring Fund’s assets will increase as a result of the Reorganization which may result in increased economies of scale and lower operating expenses for shareholders.
|
• |
The reduced number of substantially similar Funds should benefit distribution efforts and shelf space eligibility.
|
• |
The Reorganization will be effected on the basis of each Fund’s net asset value per share and will not result in the dilution of the interests of shareholders of any Fund.
|
• |
The costs of the Reorganization will be borne equally by the Acquiring Funds, the Acquired Funds, and DMC.
|
• |
Each Reorganization will be effected on a tax-free basis.
|
|
Delaware Strategic Income II Fund as of September 30, 2020
|
Delaware Strategic Income Fund as of
July 31, 2020 |
Aggregate Capital Loss Carryovers
|
($8,837,333)
|
($5,094,218)
|
Net Unrealized Appreciation/(Depreciation) on a Tax Basis
|
$847,671
|
$930,335
|
Net Assets
|
$99,327,165
|
$41,914,852
|
Approximate Annual Limitation for Capital Losses*
|
$1,499,840
|
N/A
|
|
Delaware Floating Rate II Fund as of September 30, 2020
|
Delaware Floating Rate Fund as of
July 31, 2020 |
Aggregate Capital Loss Carryovers
|
($9,347,844)
|
($19,283,807)
|
Net Unrealized Appreciation/(Depreciation) on a Tax Basis
|
$287,118
|
($2,065,247)
|
Net Assets
|
$59,187,984
|
$116,737,923
|
Approximate Annual Limitation for Capital Losses*
|
$893,738
|
N/A
|
|
Delaware Limited Duration Bond Fund as of September 30, 2020
|
Delaware Limited-Term Diversified Income Fund as of
December 31, 2020 |
Aggregate Capital Loss Carryovers
|
($32,795,232)
|
($37,958,398)
|
Net Unrealized Appreciation/(Depreciation) on a Tax Basis
|
$2,547,150
|
$6,518,168
|
Net Assets
|
$178,558,114
|
$439,117,126
|
Approximate Annual Limitation for Capital Losses*
|
$2,696,227
|
N/A
|
• |
receive a greater amount of taxable distributions than they would have had if a Reorganization had not occurred if the combined fund’s unrealized appreciation as a percentage of net asset value is greater than the Acquired Fund’s;
|
• |
receive a lesser amount of taxable distributions than they would have had if a Reorganization had not occurred if the combined fund’s unrealized appreciation as a percentage of net asset value is lesser than the Acquired Fund’s;
|
• |
receive a greater amount of taxable distributions than they would have had if a Reorganization had not occurred if the combined fund’s unrealized depreciation as a percentage of net asset value is lesser than the Acquired Fund’s; or
|
• |
receive a lesser amount of taxable distributions than they would have had if a Reorganization had not occurred if the combined fund’s unrealized depreciation as a percentage of net asset value is greater than the Acquired Fund’s.
|
Acquired Fund Name
|
Unrealized Appreciation or (Depreciation) as a % of NAV
|
Acquiring Fund Name
|
Unrealized Appreciation or (Depreciation) as a % of NAV
|
Approximate Unrealized Appreciation or (Depreciation) as a % of NAV on a combined basis
|
Delaware Strategic Income II Fund
|
0.85%
as of 9/30/20 |
Delaware Strategic Income Fund
|
2.22%
as of 7/31/20 |
1.26%
|
Delaware Floating Rate II Fund
|
0.49%
as of 9/30/20 |
Delaware Floating Rate Fund
|
(1.77%)
as of 7/31/20 |
(1.01%)
|
Delaware Limited Duration Bond Fund
|
1.43%
as of 9/30/20 |
Delaware Limited-Term Diversified Income Fund
|
1.48%
as of 12/31/20 |
1.47%
|
Acquired Funds/Classes
|
Acquiring Funds/Classes
|
Delaware Strategic Income II Fund, a series of Delaware Group® Equity Funds IV
|
Delaware Strategic Income Fund, a series of Delaware Group Government Fund
|
Class A
|
Class A
|
Institutional Class
|
Institutional Class
|
Delaware Floating Rate II Fund, a series of Delaware Group Equity Funds IV
|
Delaware Floating Rate Fund, a series of Delaware Group Income Funds
|
Class A
|
Class A
|
Institutional Class
|
Institutional Class
|
Class R6
|
Class R6
|
Delaware Limited Duration Bond Fund, a series of Delaware Group Equity Funds IV
|
Delaware Limited-Term Diversified Income Fund, a series of Delaware Group Limited-Term Government Funds
|
Class A
|
Class A
|
Institutional Class
|
Institutional Class
|
Class R6
|
Class R6
|
|
Acquired Fund
|
Acquiring Fund
|
Pro Forma Adjustments to Capitalization1,2
|
Acquiring Fund after Reorganization1
|
|
|
(estimated)
|
||
|
|
|
||
|
|
(unaudited)
|
||
|
|
|
||
(unaudited)
|
(unaudited)
|
|
||
Net assets (all classes)
|
$ 81,065,816.94
|
$ 45,315,977.26
|
|
$ 126,381,794.20
|
Total shares outstanding
|
8,260,426.11
|
5,280,473.77
|
1,187,756.40
|
14,728,656.28
|
|
|
|
|
|
Class A net assets
|
$ 80,712,764.86
|
$ 31,861,791.93
|
|
$ 112,574,556.79
|
Class A shares outstanding
|
8,224,419.83
|
3,713,869.14
|
1,182,662.32
|
13,120,951.29
|
Class A net asset value per share
|
$ 9.81
|
$ 8.58
|
|
$ 8.58
|
|
|
|
|
|
|
|
|
|
|
Class C net assets
|
N/A
|
$ 1,446,189.47
|
|
$ 1,446,189.47
|
Class C shares outstanding
|
N/A
|
168,435.64
|
|
168,435.64
|
Class C net asset value per share
|
N/A
|
$ 8.59
|
|
$ 8.59
|
|
|
|
|
|
|
|
|
|
|
Class R net assets
|
N/A
|
$178,034.19
|
|
$ 178,034.19
|
Class R shares outstanding
|
N/A
|
20,684.09
|
|
20,684.09
|
Class R net asset value per share
|
N/A
|
$ 8.61
|
|
$ 8.61
|
|
|
|
|
|
|
|
|
|
|
Institutional Class net assets
|
$353,052.08
|
$11,829,961.67
|
|
$12,183,013.75
|
Institutional Class shares outstanding
|
36,006.28
|
1,377,484.91
|
5,094.08
|
1,418,585.26
|
Institutional Class net asset value per share
|
$9.81
|
$ 8.59
|
|
$ 8.59
|
|
|
|
|
|
1 Reflects the conversion of Acquired Fund shares for Acquiring Fund shares as a result of the Reorganization.
|
||||
2 Adjustments reflect the costs of the Reorganization incurred by each Fund.
|
||||
|
Acquired Fund
|
Acquiring Fund
|
Pro Forma Adjustments to Capitalization1,2
|
Acquiring Fund after Reorganization1
|
|
|
(estimated)
|
||
|
|
|
||
|
|
(unaudited)
|
||
|
|
|
||
(unaudited)
|
(unaudited)
|
|
||
Net assets (all classes)
|
$ 47,104,441.81
|
$ 153,731,128.70
|
|
$ 200,835,570.51
|
Total shares outstanding
|
4,993,615.66
|
18,632,991.75
|
716,013.65
|
24,342,621.06
|
|
|
|
|
|
Class A net assets
|
$ 29,407,529.06
|
$ 33,916,199.20
|
|
$ 63,323,728.26
|
Class A shares outstanding
|
3,116,128.51
|
4,110,671.07
|
448,420.46
|
7,675,220.05
|
Class A net asset value per share
|
$ 9.44
|
$ 8.25
|
|
$ 8.25
|
|
|
|
|
|
|
|
|
|
|
Class C net assets
|
N/A
|
$ 8,844,182.98
|
|
$ 8,844,182.98
|
Class C shares outstanding
|
N/A
|
1,072,067.90
|
|
1,072,067.90
|
Class C net asset value per share
|
N/A
|
$ 8.25
|
|
$ 8.25
|
|
|
|
|
|
|
|
|
|
|
Class R net assets
|
N/A
|
$ 6,615.67
|
|
$ 6,615.67
|
Class R shares outstanding
|
N/A
|
802.18
|
|
802.18
|
Class R net asset value per share
|
N/A
|
$ 8.25
|
|
$ 8.25
|
|
|
|
|
|
|
|
|
|
|
Institutional Class net assets
|
$ 17,666,590.58
|
$ 110,964,130.85
|
|
$ 128,630,721.43
|
Institutional Class shares outstanding
|
1,874,278.30
|
13,449,450.60
|
267,126.62
|
15,590,855.52
|
Institutional Class net asset value per share
|
$ 9.43
|
$ 8.25
|
|
$ 8.25
|
|
|
|
|
|
|
|
|
|
|
R6 Class net assets
|
$ 30,322.17
|
N/A3
|
|
$ 30,322.17
|
R6 Class shares outstanding
|
3,208.85
|
N/A3
|
466.56
|
3,675.41
|
R6 Class net asset value per share
|
$ 9.45
|
N/A3
|
|
$ 8.25
|
|
|
|
|
|
1 Reflects the conversion of Acquired Fund shares for Acquiring Fund shares as a result of the Reorganization.
|
||||
2 Adjustments reflect the costs of the Reorganization incurred by each Fund.
|
||||
3 The Acquiring Fund’s Class R6 shares were effective as of July 9, 2021.
|
|
Acquired Fund
|
Acquiring Fund
|
Pro Forma Adjustments to Capitalization1,2
|
Acquiring Fund after Reorganization1
|
|
|
(estimated)
|
||
|
|
|
||
|
|
(unaudited)
|
||
|
|
|
||
(unaudited)
|
(unaudited)
|
|
||
Net assets (all classes)
|
$ 150,826,679.32
|
$ 386,282,673.05
|
|
$ 537,109,352.37
|
Total shares outstanding
|
16,101,028.71
|
46,135,800.50
|
1,918,885.19
|
64,155,714.40
|
|
|
|
|
|
Class A net assets
|
$ 144,350,455.71
|
$145,462,678.54
|
|
$ 289,813,134.25
|
Class A shares outstanding
|
15,411,564.68
|
17,369,143.34
|
1,834,606.85
|
34,615,314.87
|
Class A net asset value per share
|
$ 9.37
|
$ 8.37
|
|
$ 8.37
|
|
|
|
|
|
|
|
|
|
|
Class C net assets
|
N/A
|
$ 11,861,882.09
|
|
$ 11,861,882.09
|
Class C shares outstanding
|
N/A
|
1,417,494.52
|
|
1,417,494.52
|
Class C net asset value per share
|
N/A
|
$ 8.37
|
|
$ 8.37
|
|
|
|
|
|
|
|
|
|
|
Class R net assets
|
N/A
|
$ 927,820.48
|
|
$ 927,820.48
|
Class R shares outstanding
|
N/A
|
110,800.12
|
|
110,800.12
|
Class R net asset value per share
|
N/A
|
$ 8.37
|
|
$ 8.37
|
|
|
|
|
|
|
|
|
|
|
Institutional Class net assets
|
$ 6,423,093.08
|
$ 223,466,875.67
|
|
$ 229,889,968.75
|
Institutional Class shares outstanding
|
683,818.01
|
26,692,998.80
|
83,576.62
|
27,460,393.43
|
Institutional Class net asset value per share
|
$ 9.39
|
$ 8.37
|
|
$ 8.37
|
|
|
|
|
|
|
|
|
|
|
R6 Class net assets
|
$ 53,130.53
|
$ 4,563,416.27
|
|
$ 4,616,546.80
|
R6 Class shares outstanding
|
5,646.02
|
545,363.72
|
701.72
|
551,711.46
|
R6 Class net asset value per share
|
$ 9.41
|
$ 8.37
|
|
$ 8.37
|
|
|
|
|
|
1 Reflects the conversion of Acquired Fund shares for Acquiring Fund shares as a result of the Reorganization.
|
||||
2 Adjustments reflect the costs of the Reorganization incurred by each Fund.
|
Fund Name
|
Name and Address of Account
|
Percentage
|
DELAWARE STRATEGIC INCOME II FUND CLASS A
|
MATRIX TRUST COMPANY CUST. FBO
PEN SERV DELAWARE/FORESTERS 717 17TH ST STE 1300 DENVER CO 80202-3304 |
16.19%
|
DELAWARE STRATEGIC INCOME II FUND CLASS I
|
PERSHING LLC
1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
46.91%
|
DELAWARE STRATEGIC INCOME II FUND CLASS I
|
LPL FINANCIAL
4707 EXECUTIVE DR SAN DIEGO CA 9212 |
41.34%
|
DELAWARE STRATEGIC INCOME FUND CLASS A
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
8.33%
|
DELAWARE STRATEGIC INCOME FUND CLASS A
|
PERSHING LLC
1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
5.35%
|
DELAWARE STRATEGIC INCOME FUND CLASS A
|
MLPF&S FOR THE SOLE BENEFIT OF ITS
CUSTOMERS ATTENTION: FUND ADMIN SEC 4800 DEER LAKE DRIVE EAST, 2ND FL JACKSONVILLE FL 32246-6484 |
5.27%
|
DELAWARE STRATEGIC INCOME FUND CLASS C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PARKWAY ST PETERSBURG FL 33717 |
22.59%
|
DELAWARE STRATEGIC INCOME FUND CLASS C
|
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE SOUTH MINNEAPOLIS MN 55402-2405 |
20.31%
|
DELAWARE STRATEGIC INCOME FUND CLASS C
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN LINDSAY OTOOLE 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121 |
14.36%
|
DELAWARE STRATEGIC INCOME FUND CLASS C
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
10.23%
|
DELAWARE STRATEGIC INCOME FUND CLASS C
|
ASCENSUS TRUST COMPANY FBO
THREE G'S INC. 401(K) PLAN P.O. BOX 10758 FARGO, ND 58106 |
7.88%
|
DELAWARE STRATEGIC INCOME FUND CLASS C
|
PERSHING LLC
1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
6.34%
|
DELAWARE STRATEGIC INCOME FUND CLASS I
|
SEI PRIVATE TRUST COMPANY
C/O REGIONS 1 FREEDOM VALLEY DRIVE OAKS PA 19456 |
29.24%
|
DELAWARE STRATEGIC INCOME FUND CLASS I
|
LINCOLN RETIREMENT SERVICES COMPANY
FBO MMH INC RETIREMENT PLAN P.O. BOX 7876 FORT WAYNE IN 46801-7876 |
14.51%
|
DELAWARE STRATEGIC INCOME FUND CLASS I
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
13.42%
|
DELAWARE STRATEGIC INCOME FUND CLASS I
|
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE SOUTH MINNEAPOLIS MN 55402-2405 |
10.89%
|
DELAWARE STRATEGIC INCOME FUND CLASS I
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
8.39%
|
DELAWARE STRATEGIC INCOME FUND CLASS R
|
MATRIX TRUST COMPANY CUST. FBO
HARRISON WESTERN CONSTRUCTION401(K) 717 17TH STREET SUITE 1300 DENVER CO 80202 |
60.31%
|
DELAWARE STRATEGIC INCOME FUND CLASS R
|
MG TRUST COMPANY CUST. FBO
IMPACT RETIREMENT 401(K) PLAN 717 17TH STREET SUITE 1300 DENVER CO 80202 |
15.52%
|
DELAWARE STRATEGIC INCOME FUND CLASS R
|
ASCENSUS TRUST COMPANY FBO
KWANGJA T(K)O FUND RETIREMENT FUND P.O. BOX 10758 FARGO, ND 58106 |
5.26%
|
DELAWARE STRATEGIC INCOME FUND CLASS R
|
ASCENSUS TRUST COMPANY FBO
SCHUYLKILL TOWNSHIP P.O. BOX 10758 FARGO, ND 58106 |
5.13%
|
DELAWARE FLOATING RATE II FUND CLASS A
|
MATRIX TRUST COMPANY CUST. FBO
PEN SERV DELAWARE/FORESTERS 717 17TH ST STE 1300 DENVER CO 80202-3304 |
13.18%
|
DELAWARE FLOATING RATE II FUND CLASS A
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105 |
5.99%
|
DELAWARE FLOATING RATE II FUND CLASS I
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105 |
95.76%
|
DELAWARE FLOATING RATE II FUND CLASS R6
|
MATRIX TRUST COMPANY CUST. FBO
NEWTON FINANCIAL SOLUTIONS, LLC 717 17TH STREET SUITE 1300 DENVER CO 80202 |
39.20%
|
DELAWARE FLOATING RATE II FUND CLASS R6
|
MACQUARIE INVESTMENT MANAGEMENT
ADVISORS 100 INDEPENDENCE 610 MARKET STREET 7TH FLOOR PHILADELPHIA PA 19106-2354 |
34.39%
|
DELAWARE FLOATING RATE II FUND CLASS R6
|
MATRIX TRUST COMPANY CUST. FBO
PENSERV PENSELECT SMARTSAV 717 17TH STREET SUITE 1300 DENVER CO 80202 |
21.66%
|
DELAWARE FLOATING RATE FUND CLASS A
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
22.70%
|
DELAWARE FLOATING RATE FUND CLASS A
|
MLPF&S FOR THE SOLE BENEFIT OF ITS
CUSTOMERS ATTENTION: FUND ADMIN SEC 4800 DEER LAKE DRIVE EAST, 2ND FL JACKSONVILLE FL 32246-6484 |
12.25%
|
DELAWARE FLOATING RATE FUND CLASS A
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
11.64%
|
DELAWARE FLOATING RATE FUND CLASS A
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
7.53%
|
DELAWARE FLOATING RATE FUND CLASS A
|
UBS WM USA
SPEC CDY A/C EXL BEN CUSTOMERS OF UBSFSI |
5.52%
|
1000 HARBOR BLVD
WEEHAWKEN, NJ 07086 |
||
DELAWARE FLOATING RATE FUND CLASS A
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN LINDSAY OTOOLE 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121 |
5.28%
|
DELAWARE FLOATING RATE FUND CLASS C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PARKWAY ST PETERSBURG FL 33728 |
34.29%
|
DELAWARE FLOATING RATE FUND CLASS C
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
11.93%
|
DELAWARE FLOATING RATE FUND CLASS C
|
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE SOUTH MINNEAPOLIS MN 55402-2405 |
10.38%
|
DELAWARE FLOATING RATE FUND CLASS C
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
7.64%
|
DELAWARE FLOATING RATE FUND CLASS C
|
UBS WM USA
SPEC CDY A/C EXL BEN CUSTOMERS OF UBSFSI 1000 HARBOR BLVD WEEHAWKEN, NJ 07086 |
7.12%
|
DELAWARE FLOATING RATE FUND CLASS C
|
PERSHING LLC
1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
6.27%
|
DELAWARE FLOATING RATE FUND CLASS C
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN LINDSAY OTOOLE 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121 |
5.88%
|
DELAWARE FLOATING RATE FUND CLASS I
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
22.06%
|
DELAWARE FLOATING RATE FUND CLASS I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN LINDSAY OTOOLE 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121 |
18.91%
|
DELAWARE FLOATING RATE FUND CLASS I
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
16.79%
|
DELAWARE FLOATING RATE FUND CLASS I
|
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE SOUTH MINNEAPOLIS MN 55402-2405 |
11.02%
|
DELAWARE FLOATING RATE FUND CLASS I
|
MLPF&S FOR THE SOLE BENEFIT OF ITS
CUSTOMERS ATTENTION: FUND ADMIN SEC 4800 DEER LAKE DRIVE EAST, 2ND FL JACKSONVILLE FL 32246-6484 |
9.38%
|
DELAWARE FLOATING RATE FUND CLASS I
|
UBS WM USA
SPEC CDY A/C EXL BEN CUSTOMERS OF UBSFSI 1000 HARBOR BLVD WEEHAWKEN, NJ 07086 |
6.83%
|
DELAWARE FLOATING RATE FUND CLASS R
|
MACQUARIE MANAGEMENT HOLDINGS INC
C/O RICK SALUS 100 INDEPENDENCE 610 MARKET STREET 7TH FLOOR PHILADELPHIA PA 19106-2354 |
99.58%
|
DELAWARE LIMITED DURATION BOND FUND CLASS A
|
MATRIX TRUST COMPANY CUST. FBO
PEN SERV DELAWARE/FORESTERS 717 17TH ST STE 1300 DENVER CO 80202-3304 |
14.53%
|
DELAWARE LIMITED DURATION BOND FUND CLASS I
|
LPL FINANCIAL
4707 EXECUTIVE DR SAN DIEGO CA 92121 |
55.12%
|
DELAWARE LIMITED DURATION BOND FUND CLASS I
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105 |
14.00%
|
DELAWARE LIMITED DURATION BOND FUND CLASS I
|
CHARLES SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN: MUTUAL FUNDS 211 MAIN ST SAN FRANCISCO CA 94105 |
11.01%
|
DELAWARE LIMITED DURATION BOND FUND CLASS I
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
7.86%
|
DELAWARE LIMITED DURATION BOND FUND CLASS I
|
TD AMERITRADE FBO
THE JEFFERY HARRIS TRUST UA JUN 09, 2004 |
6.51%
|
JEFFERY OR FRANKLYN HARRIS TRS
13223 JARVIS AVE LOS ANGELES CA 90061-2251 |
||
DELAWARE LIMITED DURATION BOND FUND CLASS R6
|
PERSHING LLC
P. O. BOX 2052 JERSEY CITY, NJ 07303-9998 |
75.31%
|
DELAWARE LIMITED DURATION BOND FUND CLASS R6
|
MACQUARIE INVESTMENT MANAGEMENT
ADVISORS 100 INDEPENDENCE 610 MARKET STREET 7TH FLOOR PHILADELPHIA PA 19106-2354 |
19.73%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
MLPF&S FOR THE SOLE BENEFIT OF ITS
CUSTOMERS ATTENTION: FUND ADMIN SEC 4800 DEER LAKE DRIVE EAST, 2ND FL JACKSONVILLE FL 32246-6484 |
14.24%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
11.83%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
8.83%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
UBS WM USA
SPEC CDY A/C EXL BEN CUSTOMERS OF UBSFSI 1000 HARBOR BLVD WEEHAWKEN, NJ 07086 |
7.22%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
6.88%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN LINDSAY OTOOLE 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121 |
5.96%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS A
|
PERSHING LLC
1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
5.26%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER |
23.51%
|
2801 MARKET ST
SAINT LOUIS MO 63103-2523 |
||
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
13.00%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
UBS WM USA
SPEC CDY A/C EXL BEN CUSTOMERS OF UBSFSI 1000 HARBOR BLVD WEEHAWKEN, NJ 07086 |
12.05%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PARKWAY ST PETERSBURG FL 33715 |
9.81%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR 499 WASHINGTON BLVD JERSEY CITY NJ 07310 |
9.19%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
PERSHING LLC
1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
8.69%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS C
|
AMERICAN ENTERPRISE INVESTMENT SVC
707 2ND AVE SOUTH MINNEAPOLIS MN 55402-2405 |
6.56%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
MLPF&S FOR THE SOLE BENEFIT OF ITS
CUSTOMERS ATTENTION: FUND ADMIN SEC 4800 DEER LAKE DRIVE EAST, 2ND FL JACKSONVILLE FL 32246-6484 |
27.03%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
UBS WM USA
SPEC CDY A/C EXL BEN CUSTOMERS OF UBSFSI 1000 HARBOR BLVD WEEHAWKEN, NJ 07086 |
19.44%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS ATTN COURTNEY WALLER 880 CARILLON PARKWAY ST PETERSBURG FL 33713 |
12.77%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
NATIONAL FINANCIAL SERVICES LLC
(FBO) OUR CUSTOMERS ATTN MUTUAL FUNDS DEPARTMENT 4TH FLOOR |
11.04%
|
499 WASHINGTON BLVD
JERSEY CITY NJ 07310 |
||
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
7.24%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
WELLS FARGO CLEARING SVCS LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
6.02%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS I
|
LPL FINANCIAL
OMNIBUS CUSTOMER ACCOUNT ATTN LINDSAY OTOOLE 4707 EXECUTIVE DRIVE SAN DIEGO CA 92121 |
5.96%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS R
|
MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENEFIT OF ITS CUSTOMERS 1 NEW YORK PLAZA FL 12 NEW YORK NY 10004-1901 |
14.18%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS R
|
ASCENSUS TRUST COMPANY FBO
RBS SPORTS LLC 401K PLAN P.O. BOX 10758 FARGO, ND 58106 |
12.06%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS R
|
MLPF&S FOR THE SOLE BENEFIT OF ITS
CUSTOMERS ATTENTION: FUND ADMIN SEC 4800 DEER LAKE DRIVE EAST, 2ND FL JACKSONVILLE FL 32246-6484 |
9.29%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS R
|
LINCOLN NATIONAL LIFE INSURANCE CO
1300 S CLINTON ST FORT WAYNE IN 46802-3506 |
7.98%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS R
|
MATRIX TRUST COMPANY CUST. FBO
CAPITAL VALVE SERVICE, INC. 717 17TH STREET SUITE 1300 DENVER CO 80202 |
7.74%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME CLASS R
|
MID ATLANTIC TRUST COMPANY FBO
CREATIVE CHOICE HOMES LLP 401(K) PR 1251 WATERFRONT PLACE, SUITE 525 PITTSBURGH, PA 15222 |
5.64%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND R6
|
JOHN HANCOCK TRUST COMPANY LLC
690 CANTON ST SUITE 100 WESTWOOD, MA 02090 |
42.66%
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND R6
|
LINCOLN RETIREMENT SERVICES COMPANY
FBO MACQUARIE HOLDINGS USA INC 401A |
31.94%
|
PO BOX 7876
FORT WAYNE IN 46801-7876 |
||
DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND R6
|
LINCOLN RETIREMENT SERVICES COMPANY
FBO MMH INC EMPLOYEES SAV & 401K PO BOX 7876 FORT WAYNE IN 46801-7876 |
16.90%
|
• |
Transfer Agent: Delaware Investments® Fund Services Company (DIFSC), an affiliate of the Manager, is located at 100 Independence, 610 Market Street, Philadelphia, PA 19106-2354, and serves
as the Funds’ shareholder servicing, dividend disbursing, and transfer agent (the “Transfer Agent”) pursuant to a Shareholder Services Agreement. The Transfer Agent is an indirect subsidiary of MMHI and, therefore, of Macquarie.
|
• |
Subtransfer Agent: BNY Mellon Investment Servicing (US) Inc. (BNYMIS) provides subtransfer agency services to the Funds.
|
• |
Fund Accountants: The Bank of New York Mellon (BNY Mellon), 240 Greenwich Street, New York, NY 10286-0001, provides fund accounting and financial administration services to the Funds. Those services
include performing functions related to calculating the Funds’ NAVs and providing financial reporting information, regulatory compliance testing, and other related accounting services. DIFSC provides fund accounting and financial administration
oversight services to the Funds. Those services include overseeing the Funds’ pricing process, the calculation and payment of fund expenses, and financial reporting in shareholder reports, registration statements, and other regulatory filings.
DIFSC also manages the process for the payment of dividends and distributions and the dissemination of Fund NAVs and performance data.
|
• |
Custodian: BNY Mellon is the custodian of each Fund’s securities and cash. As custodian for the Funds, BNY Mellon maintains a separate account or accounts for each Fund; receives, holds, and releases
portfolio securities on account of each Fund; receives and disburses money on behalf of each Fund; and collects and receives income and other payments and distributions on account of each Fund’s portfolio securities.
|
• |
Legal Counsel: Stradley Ronon Stevens & Young, LLP serves as the Trusts’ legal counsel.
|
• |
Independent Registered Public Accountants: PricewaterhouseCoopers LLP serves as the independent registered public accounting firm for each Trust.
|
• |
Securities Lending Agent: BNY Mellon serves as the Funds’ securities lending agent.
|
A |
Form of Agreement and Plan of Reorganization
|
B |
Financial Highlights
|
1. |
DESCRIPTION OF THE REORGANIZATIONS
|
2. |
VALUATION
|
3. |
CLOSING AND CLOSING DATE
|
4. |
REPRESENTATIONS AND WARRANTIES
|
5. |
COVENANTS OF THE ACQUIRING FUND AND THE TARGET FUND
|
6. |
CONDITIONS PRECEDENT TO OBLIGATIONS OF THE TARGET FUND
|
7. |
CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND
|
8. |
FURTHER CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND AND THE TARGET FUND
|
9. |
EXPENSES
|
10. |
FINAL TAX RETURNS AND FORMS 1099 OF THE TARGET FUND
|
11. |
ENTIRE AGREEMENT; SURVIVAL OF WARRANTIES AND COVENANTS
|
12. |
TERMINATION
|
13. |
AMENDMENTS
|
14. |
HEADINGS; GOVERNING LAW; COUNTERPARTS; ASSIGNMENT; LIMITATION OF LIABILITY
|
Delaware Group Equity Funds IV
Delaware Pooled Trust, each on behalf of its respective series identified on Exhibit A hereto |
Delaware Group Government Funds
Delaware Group Equity Funds II
Delaware Group Income Funds
Delaware Group Limited-Term
Government Funds, each on behalf of its respective series identified on Exhibit A hereto |
|||
By:
|
By:
|
|||
Name:
|
Name:
|
|||
Title:
|
Title:
|
|||
With respect to Section 9.1 only, Delaware Management Company, a series of Macquarie Investment Management Business Trust
|
||||
By:
|
||||
Name:
|
||||
Title:
|
||||
TARGET FUND (AND TARGET SHARE CLASSES) AND TARGET ENTITY
|
ACQUIRING FUND (AND SHARE CLASSES) AND ACQUIRING ENTITY
|
CLOSING DATE
|
|
Delaware Strategic Income II Fund, a series of Delaware Group Equity Funds IV
|
Delaware Strategic Income Fund, a series of Delaware Group Government Funds
|
||
Class A
|
Class A
|
||
Institutional
|
Institutional Class
|
||
Delaware Floating Rate II Fund, a series of Delaware Group Equity Funds IV
|
Delaware Floating Rate Fund, a series of Delaware Group Income Funds
|
||
Class A
|
Class A
|
||
Class R6
|
Class R6
|
||
Institutional
|
Institutional Class
|
||
Delaware Limited Duration Bond Fund, a series of Delaware Group Equity Funds IV
|
Delaware Limited-Term Diversified Income Fund, a series of Delaware Group Limited-Term Government Funds
|
||
Class A
|
Class A
|
||
Class R6
|
Class R6
|
||
Institutional
|
Institutional Class
|
||
Macquarie Large Cap Value Portfolio, a series of Delaware Pooled Trust
|
Delaware Value Fund, a series of Delaware Group Equity Funds II
|
||
Portfolio Shares
|
Class R6
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Class A shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.44
|
$9.32
|
$9.20
|
$9.53
|
$9.48
|
$9.30
|
Income (loss) from investment operations:
|
||||||
Net investment income3
|
0.16
|
0.28
|
0.30
|
0.31
|
0.30
|
0.30
|
Net realized and unrealized gain (loss)
|
0.42
|
0.16
|
0.12
|
(0.32)
|
0.05
|
0.22
|
Total from investment operations
|
0.58
|
0.44
|
0.42
|
(0.01)
|
0.35
|
0.52
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.34)
|
(0.32)
|
(0.30)
|
(0.32)
|
(0.30)
|
(0.32)
|
Net realized gain
|
—
|
—
|
—
|
—
|
—
|
(0.02)
|
Total dividends and distributions
|
(0.34)
|
(0.32)
|
(0.30)
|
(0.32)
|
(0.30)
|
(0.34)
|
Net asset value, end of period
|
$9.68
|
$9.44
|
$9.32
|
$9.20
|
$9.53
|
$9.48
|
Total return4
|
4.44%
|
4.89%
|
4.67%5
|
(0.10%)
|
3.73%
|
5.64%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$84,463
|
$99,020
|
$137,155
|
$152,180
|
$162,789
|
$149,190
|
Ratio of expenses to average net assets6
|
1.12%
|
1.14%
|
0.53%
|
0.56%
|
0.57%
|
0.58%
|
Ratio of expenses to average net assets prior to fees waived6
|
1.12%
|
1.14%
|
0.55%
|
0.56%
|
0.57%
|
0.58%
|
Ratio of net investment income to average net assets
|
3.38%
|
3.00%
|
3.24%
|
3.36%
|
3.24%
|
3.19%
|
Ratio of net investment income to average net assets prior to fees waived
|
3.38%
|
3.00%
|
3.22%
|
3.36%
|
3.24%
|
3.19%
|
Portfolio turnover
|
30%
|
244%6
|
70%
|
58%
|
37%
|
49%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Class A shares of First Investors Strategic Income Fund were reorganized into Class A shares of Delaware Strategic Income II Fund. See Notes to Financial Statements. The Class A shares' financial
highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Strategic Income Fund Class A shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge.
|
5
|
Total return during the period reflects a waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
6
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
7
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
Six months ended 3/31/211
|
Year ended
|
|||||
Institutional Class shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.43
|
$9.32
|
$9.19
|
$9.52
|
$9.47
|
$9.29
|
Income (loss) from investment operations:
|
||||||
Net investment income3
|
0.18
|
0.30
|
0.33
|
0.34
|
0.29
|
0.33
|
Net realized and unrealized gain (loss)
|
0.43
|
0.15
|
0.13
|
(0.32)
|
0.09
|
0.23
|
Total from investment operations
|
0.61
|
0.45
|
0.46
|
0.02
|
0.38
|
0.56
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.37)
|
(0.34)
|
(0.33)
|
(0.35)
|
(0.33)
|
(0.36)
|
Net realized gain
|
—
|
—
|
—
|
—
|
—
|
(0.02)
|
Total dividends and distributions
|
(0.37)
|
(0.34)
|
(0.33)
|
(0.35)
|
(0.33)
|
(0.38)
|
Net asset value, end of period
|
$9.67
|
$9.43
|
$9.32
|
$9.19
|
$9.52
|
$9.47
|
Total return4
|
4.57%
|
5.06%
|
5.11%5
|
0.22%
|
4.14%
|
6.14%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$313
|
$307
|
$566
|
$759
|
$963
|
$415
|
Ratio of expenses to average net assets6
|
0.87%
|
0.89%
|
0.19%
|
0.21%
|
0.18%
|
0.17%
|
Ratio of expenses to average net assets prior to fees waived6
|
0.87%
|
0.89%
|
0.21%
|
0.21%
|
0.18%
|
0.17%
|
Ratio of net investment income to average net assets
|
3.65%
|
3.24%
|
3.60%
|
3.70%
|
3.66%
|
3.59%
|
Ratio of net investment income to average net assets prior to fees waived
|
3.65%
|
3.24%
|
3.58%
|
3.70%
|
3.66%
|
3.59%
|
Portfolio turnover
|
30%
|
244%7
|
70%
|
58%
|
37%
|
49%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Adviser Class shares of First Investors Strategic Income Fund were reorganized into Institutional Class shares of Delaware Strategic Income II Fund. See Notes to Financial Statements. The
Institutional Class shares' financial highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Strategic Income Fund Adviser Class shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value.
|
5
|
Total return during the period reflects a waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
6
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
7
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
Six months ended 1/31/211
|
Year ended
|
|||||
Class A shares
|
(Unaudited)
|
7/31/20
|
7/31/19
|
7/31/18
|
7/31/17
|
7/31/16
|
Net asset value, beginning of period
|
$8.24
|
$8.07
|
$8.01
|
$8.41
|
$8.57
|
$8.43
|
Income (loss) from investment operations:
|
||||||
Net investment income2
|
0.15
|
0.29
|
0.32
|
0.32
|
0.24
|
0.15
|
Net realized and unrealized gain (loss)
|
0.38
|
0.20
|
0.08
|
(0.37)
|
(0.10)
|
0.20
|
Total from investment operations
|
0.53
|
0.49
|
0.40
|
(0.05)
|
0.14
|
0.35
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.16)
|
(0.32)
|
(0.27)
|
(0.32)
|
(0.30)
|
(0.20)
|
Return of capital
|
—
|
—3
|
(0.07)
|
(0.03)
|
—
|
(0.01)
|
Total dividends and distributions
|
(0.16)
|
(0.32)
|
(0.34)
|
(0.35)
|
(0.30)
|
(0.21)
|
Net asset value, end of period
|
$8.61
|
$8.24
|
$8.07
|
$8.01
|
$8.41
|
$8.57
|
Total return4
|
6.48%
|
6.27%
|
5.20%
|
(0.62%)
|
1.73%
|
4.15%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$31,735
|
$29,793
|
$31,032
|
$33,912
|
$51,220
|
$69,524
|
Ratio of expenses to average net assets5
|
0.84%
|
0.84%
|
0.84%
|
0.88%
|
0.90%
|
0.90%
|
Ratio of expenses to average net assets prior to fees waived5
|
1.50%
|
1.52%
|
1.50%
|
1.35%
|
1.29%
|
1.21%
|
Ratio of net investment income to average net assets
|
3.64%
|
3.66%
|
4.09%
|
3.83%
|
2.84%
|
1.80%
|
Ratio of net investment income to average net assets prior to fees waived
|
2.98%
|
2.98%
|
3.43%
|
3.36%
|
2.45%
|
1.49%
|
Portfolio turnover
|
36%
|
130%
|
106%
|
125%
|
210%
|
316%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
The average shares outstanding have been applied for per share information.
|
3
|
Amount is less than $0.005 per share.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total
return during all of the periods shown reflects a waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
Six months ended 1/31/211
|
Year ended
|
|||||
Institutional Class shares
|
(Unaudited)
|
7/31/20
|
7/31/19
|
7/31/18
|
7/31/17
|
7/31/16
|
Net asset value, beginning of period
|
$8.25
|
$8.08
|
$8.02
|
$8.42
|
$8.58
|
$8.44
|
Income (loss) from investment operations:
|
||||||
Net investment income2
|
0.17
|
0.31
|
0.34
|
0.34
|
0.26
|
0.17
|
Net realized and unrealized gain (loss)
|
0.37
|
0.20
|
0.08
|
(0.37)
|
(0.10)
|
0.20
|
Total from investment operations
|
0.54
|
0.51
|
0.42
|
(0.03)
|
0.16
|
0.37
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.17)
|
(0.34)
|
(0.29)
|
(0.34)
|
(0.32)
|
(0.22)
|
Return of capital
|
—
|
—3
|
(0.07)
|
(0.03)
|
—
|
(0.01)
|
Total dividends and distributions
|
(0.17)
|
(0.34)
|
(0.36)
|
(0.37)
|
(0.32)
|
(0.23)
|
Net asset value, end of period
|
$8.62
|
$8.25
|
$8.08
|
$8.02
|
$8.42
|
$8.58
|
Total return4
|
6.61%
|
6.53%
|
5.47%
|
(0.36%)
|
1.99%
|
4.40%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$12,411
|
$9,845
|
$16,457
|
$28,366
|
$33,820
|
$52,081
|
Ratio of expenses to average net assets5
|
0.59%
|
0.59%
|
0.59%
|
0.63%
|
0.65%
|
0.65%
|
Ratio of expenses to average net assets prior to fees waived5
|
1.25%
|
1.27%
|
1.25%
|
1.10%
|
1.04%
|
0.96%
|
Ratio of net investment income to average net assets
|
3.89%
|
3.91%
|
4.34%
|
4.08%
|
3.09%
|
2.05%
|
Ratio of net investment income to average net assets prior to fees waived
|
3.23%
|
3.23%
|
3.68%
|
3.61%
|
2.70%
|
1.74%
|
Portfolio turnover
|
36%
|
130%
|
106%
|
125%
|
210%
|
316%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
The average shares outstanding have been applied for per share information.
|
3
|
Amount is less than $0.005 per share.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects a
waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Class A shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.28
|
$9.58
|
$9.71
|
$9.67
|
$9.66
|
$9.58
|
Income (loss) from investment operations:
|
||||||
Net investment income3
|
0.20
|
0.40
|
0.39
|
0.32
|
0.27
|
0.27
|
Net realized and unrealized gain (loss)
|
0.35
|
(0.32)
|
(0.13)
|
0.04
|
0.05
|
0.09
|
Total from investment operations
|
0.55
|
0.08
|
0.26
|
0.36
|
0.32
|
0.36
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.41)
|
(0.38)
|
(0.39)
|
(0.32)
|
(0.31)
|
(0.28)
|
Total dividends and distributions
|
(0.41)
|
(0.38)
|
(0.39)
|
(0.32)
|
(0.31)
|
(0.28)
|
Net asset value, end of period
|
$9.42
|
$9.28
|
$9.58
|
$9.71
|
$9.67
|
$9.66
|
Total return4
|
4.03%5
|
1.00%5
|
2.71%
|
3.83%5
|
3.47%5
|
3.69%5
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$31,104
|
$37,672
|
$64,136
|
$68,567
|
$66,769
|
$61,243
|
Ratio of expenses to average net assets6
|
1.05%
|
1.05%
|
1.10%
|
1.10%
|
1.10%
|
1.10%
|
Ratio of expenses to average net assets prior to fees waived6
|
1.23%
|
1.24%
|
1.10%
|
1.21%
|
1.24%
|
1.27%
|
Ratio of net investment income to average net assets
|
4.28%
|
4.28%
|
4.12%
|
3.25%
|
2.90%
|
2.86%
|
Ratio of net investment income to average net assets prior to fees waived
|
4.10%
|
4.09%
|
4.12%
|
3.14%
|
2.76%
|
2.69%
|
Portfolio turnover
|
54%
|
176%7
|
88%
|
60%
|
89%
|
38%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Class A shares of First Investors Floating Rate Fund were reorganized into Class A shares of Delaware Floating Rate II Fund. See Notes to Financial Statements. The Class A shares' financial highlights
for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Floating Rate Fund Class A shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge.
|
5
|
Total return during the period reflects a waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
6
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
7
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Institutional Class shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.27
|
$9.57
|
$9.72
|
$9.68
|
$9.65
|
$9.58
|
Income (loss) from investment operations:
|
||||||
Net investment income3
|
0.21
|
0.41
|
0.39
|
0.34
|
0.26
|
0.29
|
Net realized and unrealized gain (loss)
|
0.35
|
(0.31)
|
(0.13)
|
0.04
|
0.09
|
0.08
|
Total from investment operations
|
0.56
|
0.10
|
0.26
|
0.38
|
0.35
|
0.37
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.43)
|
(0.40)
|
(0.41)
|
(0.34)
|
(0.32)
|
(0.30)
|
Total dividends and distributions
|
(0.43)
|
(0.40)
|
(0.41)
|
(0.34)
|
(0.32)
|
(0.30)
|
Net asset value, end of period
|
$9.40
|
$9.27
|
$9.57
|
$9.72
|
$9.68
|
$9.65
|
Total return4
|
4.11%
|
1.17%
|
2.72%
|
4.03%
|
3.70%
|
3.92%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$17,989
|
$21,481
|
$40,542
|
$144,799
|
$98,958
|
$61,844
|
Ratio of expenses to average net assets5
|
0.86%
|
0.91%
|
0.90%
|
0.90%
|
0.90%
|
0.90%
|
Ratio of expenses to average net assets prior to fees waived5
|
0.98%
|
1.01%
|
0.84%
|
0.86%
|
0.92%
|
0.98%
|
Ratio of net investment income to average net assets
|
4.47%
|
4.44%
|
4.09%
|
3.46%
|
3.07%
|
3.06%
|
Ratio of net investment income to average net assets prior to fees waived
|
4.35%
|
4.34%
|
4.15%
|
3.50%
|
3.05%
|
2.98%
|
Portfolio turnover
|
54%
|
176%6
|
88%
|
60%
|
89%
|
38%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Adviser Class shares of First Investors Floating Rate Fund were reorganized into Institutional Class shares of Delaware Floating Rate II Fund. See Notes to Financial Statements. The Institutional
Class shares' financial highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Floating Rate Fund Adviser Class shares.
|
3
|
The average shares outstanding method has been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects a
waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
6
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Class R6 shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
9.29
|
$9.59
|
$9.71
|
$9.67
|
$9.64
|
$9.57
|
Income (loss) from investment operations:
|
||||||
Net investment income3
|
0.22
|
0.44
|
0.41
|
0.36
|
0.26
|
0.31
|
Net realized and unrealized gain (loss)
|
0.36
|
(0.33)
|
(0.11)
|
0.04
|
0.11
|
0.08
|
Total from investment operations
|
0.58
|
0.11
|
0.30
|
0.40
|
0.37
|
0.39
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.44)
|
(0.41)
|
(0.42)
|
(0.36)
|
(0.34)
|
(0.32)
|
Total dividends and distributions
|
(0.44)
|
(0.41)
|
(0.42)
|
(0.36)
|
(0.34)
|
(0.32)
|
Net asset value, end of period
|
$9.43
|
$9.29
|
$9.59
|
$9.71
|
$9.67
|
$9.64
|
Total return4
|
4.29%
|
1.33%
|
3.21%
|
4.20%
|
3.87%
|
4.14%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$24
|
$35
|
$497
|
$32,019
|
$21,277
|
$11,456
|
Ratio of expenses to average net assets5
|
0.74%
|
0.77%
|
0.75%
|
0.70%
|
0.70%
|
0.70%
|
Ratio of expenses to average net assets prior to fees waived5
|
0.91%
|
0.97%
|
0.78%
|
0.75%
|
0.80%
|
0.83%
|
Ratio of net investment income to average net assets
|
4.62%
|
4.61%
|
4.31%
|
3.68%
|
3.23%
|
3.27%
|
Ratio of net investment income to average net assets prior to fees waived
|
4.45%
|
4.41%
|
4.28%
|
3.63%
|
3.13%
|
3.14%
|
Portfolio turnover
|
54%
|
176%6
|
88%
|
60%
|
89%
|
38%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Institutional Class shares of First Investors Floating Rate Fund were reorganized into Class R6 shares of Delaware Floating Rate II Fund. See Notes to Financial Statements. The Class R6 shares'
financial highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Floating Rate Fund Institutional Class shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects a
waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
6
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
Six months ended 1/31/211
|
Year ended
|
|||||
Class A shares
|
(Unaudited)
|
7/31/20
|
7/31/19
|
7/31/18
|
7/31/17
|
7/31/16
|
Net asset value, beginning of period
|
$7.90
|
$8.28
|
$8.34
|
$8.39
|
$8.29
|
$8.42
|
Income (loss) from investment operations:
|
||||||
Net investment income2
|
0.16
|
0.38
|
0.43
|
0.35
|
0.20
|
0.17
|
Net realized and unrealized gain (loss)
|
0.29
|
(0.39)
|
(0.06)
|
(0.03)
|
0.11
|
(0.15)
|
Total from investment operations
|
0.45
|
(0.01)
|
0.37
|
0.32
|
0.31
|
0.02
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.15)
|
(0.37)
|
(0.43)
|
(0.37)
|
(0.19)
|
(0.12)
|
Return of capital
|
—
|
—3
|
—3
|
—3
|
(0.02)
|
(0.03)
|
Total dividends and distributions
|
(0.15)
|
(0.37)
|
(0.43)
|
(0.37)
|
(0.21)
|
(0.15)
|
Net asset value, end of period
|
$8.20
|
$7.90
|
$8.28
|
$8.34
|
$8.39
|
$8.29
|
Total return4
|
6.08%5
|
(0.02%)5
|
4.62%5
|
3.85%5
|
3.82%
|
0.29%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$25,141
|
$23,727
|
$38,669
|
$38,701
|
$49,486
|
$57,985
|
Ratio of expenses to average net assets6
|
0.94%
|
0.94%
|
0.94%
|
0.97%
|
0.97%
|
0.96%
|
Ratio of expenses to average net assets prior to fees waived6
|
1.06%
|
1.05%
|
0.99%
|
0.98%
|
0.97%
|
0.96%
|
Ratio of net investment income to average net assets
|
3.99%
|
4.77%
|
5.22%
|
4.22%
|
2.41%
|
2.09%
|
Ratio of net investment income to average net assets prior to fees waived
|
3.87%
|
4.66%
|
5.17%
|
4.21%
|
2.41%
|
2.09%
|
Portfolio turnover
|
60%
|
125%
|
143%
|
157%
|
173%
|
90%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
The average shares outstanding method has been applied for per share information.
|
3
|
Amount is less than $0.005 per share.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge.
|
5
|
Total return during all of the periods shown reflects a waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
6
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
Six months ended 1/31/211
|
Year ended
|
|||||
Institutional Class shares
|
(Unaudited)
|
7/31/20
|
7/31/19
|
7/31/18
|
7/31/17
|
7/31/16
|
Net asset value, beginning of period
|
$7.90
|
$8.28
|
$8.34
|
$8.39
|
$8.29
|
$8.42
|
Income (loss) from investment operations:
|
||||||
Net investment income2
|
0.17
|
0.40
|
0.45
|
0.37
|
0.22
|
0.19
|
Net realized and unrealized gain (loss)
|
0.29
|
(0.39)
|
(0.06)
|
(0.03)
|
0.11
|
(0.15)
|
Total from investment operations
|
0.46
|
0.01
|
0.39
|
0.34
|
0.33
|
0.04
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.16)
|
(0.39)
|
(0.45)
|
(0.39)
|
(0.21)
|
(0.14)
|
Return of capital
|
—
|
—3
|
—3
|
—3
|
(0.02)
|
(0.03)
|
Total dividends and distributions
|
(0.16)
|
(0.39)
|
(0.45)
|
(0.39)
|
(0.23)
|
(0.17)
|
Net asset value, end of period
|
$8.20
|
$7.90
|
$8.28
|
$8.34
|
$8.39
|
$8.29
|
Total return4
|
6.21%5
|
0.23%5
|
4.88%5
|
4.11%5
|
4.08%
|
0.54%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$81,169
|
$79,391
|
$82,643
|
$144,258
|
$190,698
|
$185,674
|
Ratio of expenses to average net assets6
|
0.69%
|
0.69%
|
0.69%
|
0.72%
|
0.72%
|
0.71%
|
Ratio of expenses to average net assets prior to fees waived6
|
0.81%
|
0.80%
|
0.74%
|
0.73%
|
0.72%
|
0.71%
|
Ratio of net investment income to average net assets
|
4.24%
|
5.02%
|
5.47%
|
4.47%
|
2.66%
|
2.34%
|
Ratio of net investment income to average net assets prior to fees waived
|
4.12%
|
4.91%
|
5.42%
|
4.46%
|
2.66%
|
2.34%
|
Portfolio turnover
|
60%
|
125%
|
143%
|
157%
|
173%
|
90%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
The average shares outstanding has been applied for per share information.
|
3
|
Amount is less than $0.005 per share.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value.
|
5
|
Total return during all of the periods shown reflects a waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
6
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Class A shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.43
|
$9.31
|
$9.17
|
$9.47
|
$9.66
|
$9.76
|
Income from investment operations:
|
||||||
Net investment income (loss)3
|
0.04
|
0.15
|
0.21
|
—
|
0.08
|
(0.03)
|
Net realized and unrealized gain (loss)
|
0.09
|
0.17
|
0.19
|
(0.05)
|
(0.06)
|
0.15
|
Total from investment operations
|
0.13
|
0.32
|
0.40
|
(0.05)
|
0.02
|
0.12
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.19)
|
(0.20)
|
(0.26)
|
(0.25)
|
(0.21)
|
(0.22)
|
Total dividends and distributions
|
(0.19)
|
(0.20)
|
(0.26)
|
(0.25)
|
(0.21)
|
(0.22)
|
Net asset value, end of period
|
$9.37
|
$9.43
|
$9.31
|
$9.17
|
$9.47
|
$9.66
|
Total return4
|
0.45%
|
3.56%
|
4.37%
|
(0.52%)
|
0.22%
|
1.21%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$151,291
|
$169,570
|
$220,830
|
$247,902
|
$62,841
|
$48,342
|
Ratio of expenses to average net assets5
|
0.74%
|
0.74%
|
0.79%
|
0.89%
|
1.05%
|
1.05%
|
Ratio of expenses to average net assets prior to fees waived5
|
1.01%
|
1.06%
|
0.99%
|
1.11%
|
1.22%
|
1.23%
|
Ratio of net investment income (loss) to average net assets
|
0.91%
|
1.57%
|
2.22%
|
0.02%
|
0.85%
|
(0.25%)
|
Ratio of net investment income (loss) to average net
assets prior to fees waived
|
0.64%
|
1.25%
|
2.02%
|
(0.20%)
|
0.68%
|
(0.43%)
|
Portfolio turnover
|
86%
|
162%6
|
87%
|
102%
|
60%
|
54%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Class A shares of First Investors Limited Duration Bond Fund were reorganized into Class A shares of Delaware Limited Duration Bond Fund. See Notes to Financial Statements. The Class A shares'
financial highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Limited Duration Bond Fund Class A shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total
return during all of the periods shown reflects waivers by the manager and/or distributor. Performance would have been lower had the waivers not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
6
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Institutional Class shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.46
|
$9.34
|
$9.20
|
$9.50
|
$9.69
|
$9.80
|
Income from investment operations:
|
||||||
Net investment income3
|
0.05
|
0.18
|
0.23
|
0.03
|
0.13
|
—
|
Net realized and unrealized gain (loss)
|
0.10
|
0.17
|
0.19
|
(0.05)
|
(0.08)
|
0.14
|
Total from investment operations
|
0.15
|
0.35
|
0.42
|
(0.02)
|
0.05
|
0.14
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.22)
|
(0.23)
|
(0.28)
|
(0.28)
|
(0.24)
|
(0.25)
|
Total dividends and distributions
|
(0.22)
|
(0.23)
|
(0.28)
|
(0.28)
|
(0.24)
|
(0.25)
|
Net asset value, end of period
|
$9.39
|
$9.46
|
$9.34
|
$9.20
|
$9.50
|
$9.69
|
Total return4
|
0.45%
|
3.80%
|
4.65%
|
(0.25%)
|
0.54%
|
1.47%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$6,659
|
$8,680
|
$56,209
|
$35,498
|
$31,638
|
$50,645
|
Ratio of expenses to average net assets5
|
0.50%
|
0.51%
|
0.51%
|
0.62%
|
0.75%
|
0.75%
|
Ratio of expenses to average net assets prior to fees waived5
|
0.76%
|
0.82%
|
0.69%
|
0.84%
|
1.02%
|
1.01%
|
Ratio of net investment income to average net assets
|
1.15%
|
1.96%
|
2.47%
|
0.33%
|
1.14%
|
0.04%
|
Ratio of net investment income (loss) to average net assets prior to fees waived
|
0.89%
|
1.65%
|
2.29%
|
0.11%
|
0.87%
|
(0.22%)
|
Portfolio turnover
|
86%
|
162%6
|
87%
|
102%
|
60%
|
54%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Adviser Class shares of First Investors Limited Duration Bond Fund were reorganized into Institutional Class shares of Delaware Limited Duration Bond Fund. See Notes to Financial Statements. The
Institutional Class shares' financial highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Limited Duration Bond Fund Adviser Class shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects a
waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
6
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
|
Six months ended 3/31/211
|
Year ended
|
||||
Class R6 shares
|
(Unaudited)
|
9/30/202
|
9/30/19
|
9/30/18
|
9/30/17
|
9/30/16
|
Net asset value, beginning of period
|
$9.48
|
$9.35
|
$9.21
|
$9.52
|
$9.70
|
$9.81
|
Income from investment operations:
|
||||||
Net investment income3
|
0.06
|
0.20
|
0.25
|
0.04
|
0.11
|
0.02
|
Net realized and unrealized gain (loss)
|
0.10
|
0.17
|
0.19
|
(0.06)
|
(0.04)
|
0.14
|
Total from investment operations
|
0.16
|
0.37
|
0.44
|
(0.02)
|
0.07
|
0.16
|
Less dividends and distributions from:
|
||||||
Net investment income
|
(0.23)
|
(0.24)
|
(0.30)
|
(0.29)
|
(0.25)
|
(0.27)
|
Total dividends and distributions
|
(0.23)
|
(0.24)
|
(0.30)
|
(0.29)
|
(0.25)
|
(0.27)
|
Net asset value, end of period
|
$9.41
|
$9.48
|
$9.35
|
$9.21
|
$9.52
|
$9.70
|
Total return4
|
0.53%
|
4.06%
|
4.83%
|
(0.19%)
|
0.77%
|
1.64%
|
Ratios and supplemental data:
|
||||||
Net assets, end of period (000 omitted)
|
$53
|
$308
|
$47,965
|
$38,822
|
$41,065
|
$22,296
|
Ratio of expenses to average net assets5
|
0.36%
|
0.35%
|
0.36%
|
0.47%
|
0.60%
|
0.60%
|
Ratio of expenses to average net assets prior to fees waived5
|
0.73%
|
0.59%
|
0.56%
|
0.68%
|
0.82%
|
0.82%
|
Ratio of net investment income to average net assets
|
1.31%
|
2.14%
|
2.64%
|
0.46%
|
1.30%
|
0.20%
|
Ratio of net investment income (loss) to average net assets prior to fees waived
|
0.94%
|
1.90%
|
2.44%
|
0.25%
|
1.08%
|
(0.02%)
|
Portfolio turnover
|
86%
|
162%6
|
87%
|
102%
|
60%
|
54%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
On Oct. 4, 2019, Institutional Class shares of First Investors Limited Duration Bond Fund were reorganized into Class R6 shares of Delaware Limited Duration Bond Fund. See Notes to Financial Statements. The Class R6
shares' financial highlights for the periods prior to Oct. 4, 2019, reflect the performance of First Investors Limited Duration Bond Fund Institutional Class shares.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects a
waiver by the manager. Performance would have been lower had the waiver not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
6
|
The Fund’s portfolio turnover rate increased substantially during the year ended Sept. 30, 2020 due to a change in the Fund’s portfolio managers and associated repositioning.
|
Year ended
|
|||||
Class A shares
|
12/31/20
|
12/31/19
|
12/31/18
|
12/31/17
|
12/31/16
|
Net asset value, beginning of period
|
$8.27
|
$8.14
|
$8.46
|
$8.48
|
$8.43
|
Income (loss) from investment operations:
|
|||||
Net investment income2
|
0.11
|
0.21
|
0.20
|
0.16
|
0.12
|
Net realized and unrealized gain (loss)
|
0.23
|
0.15
|
(0.29)
|
0.02
|
0.08
|
Total from investment operations
|
0.34
|
0.36
|
(0.09)
|
0.18
|
0.20
|
Less dividends and distributions from:
|
|||||
Net investment income
|
(0.14)
|
(0.20)
|
(0.19)
|
(0.15)
|
(0.14)
|
Return of capital
|
(0.03)
|
(0.03)
|
(0.04)
|
(0.05)
|
(0.01)
|
Total dividends and distributions
|
(0.17)
|
(0.23)
|
(0.23)
|
(0.20)
|
(0.15)
|
Net asset value, end of period
|
$8.44
|
$8.27
|
$8.14
|
$8.46
|
$8.48
|
Total return3
|
4.16%
|
4.51%
|
(1.08%)
|
2.11%
|
2.42%
|
Ratios and supplemental data:
|
|||||
Net assets, end of period (000 omitted)
|
$148,185
|
$137,798
|
$168,003
|
$382,353
|
$437,803
|
Ratio of expenses to average net assets4
|
0.54%
|
0.54%
|
0.60%
|
0.74%
|
0.81%
|
Ratio of expenses to average net assets prior to fees waived4
|
0.96%
|
0.96%
|
0.95%
|
0.94%
|
0.92%
|
Ratio of net investment income to average net assets
|
1.32%
|
2.58%
|
2.46%
|
1.95%
|
1.36%
|
Ratio of net investment income to average net assets prior to fees waived
|
0.90%
|
2.16%
|
2.11%
|
1.75%
|
1.25%
|
Portfolio turnover
|
224%
|
123%
|
130%
|
151%
|
124%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
The average shares outstanding have been applied for per share information.
|
3
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total
return during all of the periods shown reflects waivers by the manager and/or distributor. Performance would have been lower had the waivers not been in effect.
|
4
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
Year ended
|
|||||
Institutional Class shares
|
12/31/20
|
12/31/19
|
12/31/18
|
12/31/17
|
12/31/16
|
Net asset value, beginning of period
|
$8.27
|
$8.14
|
$8.46
|
$8.47
|
$8.43
|
Income (loss) from investment operations:
|
|||||
Net investment income2
|
0.12
|
0.23
|
0.22
|
0.18
|
0.13
|
Net realized and unrealized gain (loss)
|
0.23
|
0.15
|
(0.30)
|
0.02
|
0.07
|
Total from investment operations
|
0.35
|
0.38
|
(0.08)
|
0.20
|
0.20
|
Less dividends and distributions from:
|
|||||
Net investment income
|
(0.15)
|
(0.22)
|
(0.20)
|
(0.16)
|
(0.15)
|
Return of capital
|
(0.03)
|
(0.03)
|
(0.04)
|
(0.05)
|
(0.01)
|
Total dividends and distributions
|
(0.18)
|
(0.25)
|
(0.24)
|
(0.21)
|
(0.16)
|
Net asset value, end of period
|
$8.44
|
$8.27
|
$8.14
|
$8.46
|
$8.47
|
Total return3
|
4.31%
|
4.67%
|
(0.93%)
|
2.39%
|
2.45%
|
Ratios and supplemental data:
|
|||||
Net assets, end of period (000 omitted)
|
$262,775
|
$249,667
|
$240,614
|
$266,274
|
$377,595
|
Ratio of expenses to average net assets4
|
0.39%
|
0.39%
|
0.45%
|
0.59%
|
0.66%
|
Ratio of expenses to average net assets prior to fees waived4
|
0.71%
|
0.71%
|
0.70%
|
0.69%
|
0.67%
|
Ratio of net investment income to average net assets
|
1.47%
|
2.73%
|
2.61%
|
2.10%
|
1.51%
|
Ratio of net investment income to average net assets prior to fees waived
|
1.15%
|
2.41%
|
2.36%
|
2.00%
|
1.50%
|
Portfolio turnover
|
224%
|
123%
|
130%
|
151%
|
124%
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
The average shares outstanding have been applied for per share information.
|
3
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects
waivers by the manager. Performance would have been lower had the waivers not been in effect.
|
4
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
Year ended
|
5/1/172 to
|
|||
Class R6 shares
|
12/31/20
|
12/31/19
|
12/31/18
|
12/31/17
|
Net asset value, beginning of period
|
$8.27
|
$8.14
|
$8.45
|
$8.50
|
Income (loss) from investment operations:
|
||||
Net investment income3
|
0.13
|
0.23
|
0.22
|
0.12
|
Net realized and unrealized gain (loss)
|
0.23
|
0.15
|
(0.28)
|
(0.03)
|
Total from investment operations
|
0.36
|
0.38
|
(0.06)
|
0.09
|
Less dividends and distributions from:
|
||||
Net investment income
|
(0.16)
|
(0.22)
|
(0.21)
|
(0.09)
|
Return of capital
|
(0.03)
|
(0.03)
|
(0.04)
|
(0.05)
|
Total dividends and distributions
|
(0.19)
|
(0.25)
|
(0.25)
|
(0.14)
|
Net asset value, end of period
|
$8.44
|
$8.27
|
$8.14
|
$8.45
|
Total return4
|
4.38%
|
4.74%
|
(0.75%)
|
1.10%
|
Ratios and supplemental data:
|
||||
Net assets, end of period (000 omitted)
|
$4,646
|
$3,059
|
$1,631
|
$1,634
|
Ratio of expenses to average net assets5
|
0.32%
|
0.32%
|
0.38%
|
0.52%
|
Ratio of expenses to average net assets prior to fees waived5
|
0.63%
|
0.64%
|
0.62%
|
0.61%
|
Ratio of net investment income to average net assets
|
1.54%
|
2.80%
|
2.68%
|
2.11%
|
Ratio of net investment income to average net assets prior to fees waived
|
1.23%
|
2.48%
|
2.44%
|
2.02%
|
Portfolio turnover
|
224%
|
123%
|
130%
|
151%6
|
1
|
Ratios have been annualized and total return and portfolio turnover have not been annualized.
|
2
|
Date of commencement of operations; ratios have been annualized and total return has not been annualized.
|
3
|
The average shares outstanding have been applied for per share information.
|
4
|
Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during all of the periods shown reflects
waivers by the manager. Performance would have been lower had the waivers not been in effect.
|
5
|
Expense ratios do not include expenses of the Underlying Funds in which the Fund invests.
|
6
|
Portfolio turnover is representative of the Fund for the entire period.
|
Acquisition of the Assets of:
|
DELAWARE STRATEGIC INCOME II FUND
(a series of Delaware Group® Equity Funds IV)
|
By and in exchange for shares of:
|
DELAWARE STRATEGIC INCOME FUND
(a series of Delaware Group Government Fund)
|
Acquisition of the Assets of:
|
DELAWARE FLOATING RATE II FUND
(a series of Delaware Group Equity Funds IV)
|
By and in exchange for shares of:
|
DELAWARE FLOATING RATE FUND
(a series of Delaware Group Income Funds)
|
Acquisition of the Assets of:
|
DELAWARE LIMITED DURATION BOND FUND
(a series of Delaware Group Equity Funds IV)
|
By and in exchange for shares of:
|
DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND
(a series of Delaware Group Limited-Term Government Funds)
|
Acquired Funds
|
Acquiring Funds
|
Delaware Strategic Income II Fund, a series of Delaware Group® Equity Funds IV
|
Delaware Strategic Income Fund, a series of Delaware Group Government Fund
|
Delaware Floating Rate II Fund, a series of Delaware Group Equity Funds IV
|
Delaware Floating Rate Fund, a series of Delaware Group Income Funds
|
Delaware Limited Duration Bond Fund, a series of Delaware Group Equity Funds IV
|
Delaware Limited-Term Diversified Income Fund, a series of Delaware Group Limited-Term Government Funds
|
GENERAL INFORMATION
|
4
|
INCORPORATION OF DOCUMENTS BY REFERENCE
|
4
|
SUPPLEMENTAL FINANCIAL INFORMATION
|
6
|
Acquired Funds
|
Acquiring Funds
|
Delaware Strategic Income II Fund, a series of Delaware Group® Equity Funds IV
|
Delaware Strategic Income Fund, a series of Delaware Group Government Fund
|
Delaware Floating Rate II Fund, a series of Delaware Group Equity Funds IV
|
Delaware Floating Rate Fund, a series of Delaware Group Income Funds
|
Delaware Limited Duration Bond Fund, a series of Delaware Group Equity Funds IV
|
Delaware Limited-Term Diversified Income Fund, a series of Delaware Group Limited-Term Government Funds
|
• |
|
• |
|
• |
•
|
|
• |
|
• |
|
• |
• |
|
• |
• |
|
• |
|
• |
|
• |
|
• |
Statement of Additional Information dated July 9, 2021 for Delaware Group Income Funds, with respect to Delaware Floating Rate Fund (filed via EDGAR on July 9, 2021, Accession No. [________]).
|
• |
|
• |
• |
|
• |
Item 15.
|
Indemnification. Article VII, Section 2 (November 15, 2006) to the Agreement and Declaration of Trust incorporated into this filing
by reference to Post-Effective Amendment No. 35 filed November 28, 2007. Article VI of the Amended and Restated By-Laws (April 1, 2015)
incorporated into this filing by reference to Post-Effective Amendment No. 52 filed November 25, 2015.
|
|||
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to Trustees, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that
in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is therefore unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
|
||||
Item 16.
|
Exhibits. The following exhibits are incorporated by reference to the Registrant’s previously filed registration statements on Form N-1A indicated below, except as noted:
|
|||
(1)
|
Copies of the charter of the Registrant as now in effect;
|
|||
(a)
|
Executed Agreement and Declaration of Trust (December 17, 1998) incorporated into this filing by reference to Post-Effective
Amendment No. 21 filed July 29, 1999.
|
|||
(i)
|
Executed Certificate of Amendment (November 15, 2006) to the Agreement and Declaration of Trust incorporated into this filing by reference
to Post-Effective Amendment No. 35 filed November 28, 2007.
|
|||
(ii)
|
Executed Certificate of Amendment (February 26, 2009) to the Agreement and Declaration of Trust incorporated into this filing by
reference to Post-Effective Amendment No. 37 filed November 25, 2009.
|
|||
(iii)
|
Executed Certificate of Amendment (August 18, 2009) to the Agreement and Declaration of Trust incorporated into this filing by reference
to Post-Effective Amendment No. 37 filed November 25, 2009.
|
|||
(iv)
|
Executed Certificate of Amendment (May 21, 2015) to the Agreement and Declaration of Trust incorporated into this filing by reference to
Post-Effective Amendment No. 52 filed November 25, 2015.
|
|||
(b)
|
Executed Certificate of Trust (December 17, 1998) incorporated into this filing by reference to Post-Effective Amendment No. 21
filed July 29, 1999.
|
|||
(2)
|
Copies of the existing By-Laws or corresponding instruments of the Registrant;
|
|||
(a)
|
Amended and Restated By-Laws (April 1, 2015) incorporated into this filing by reference to Post-Effective Amendment No. 52 filed November 25,
2015.
|
|||
(3)
|
Copies of any voting trust agreement affecting more than 5 percent of any class of equity securities of the Registrant;
|
|||
Not applicable.
|
||||
(4)
|
Copies of the agreement of acquisition, reorganization, merger, liquidation and any amendments to it;
|
(a)
|
Form of Agreement and Plan of Reorganization is filed herewith as Exhibit A to the Prospectus/Information Statement.
|
|||
(5)
|
Copies of all instruments defining the rights of holders of the securities being registered, including copies, where applicable, of the relevant portion of the articles of incorporation or by-laws of the Registrant;
|
|||
None other than those contained in Exhibits (1) and (2).
|
||||
(6)
|
Copies of all investment advisory contracts relating to the management of the assets of the Registrant;
|
|||
(a)
|
Executed Investment Management Agreement (January 4, 2010) between Delaware Management Company (a series of Macquarie Investment Management
Business Trust) and the Registrant incorporated into this filing by reference to Post-Effective Amendment No. 38 filed September 30, 2010.
|
|||
(i)
|
Executed Amendment No. 3 (January 31, 2017) to Exhibit A of the Investment Management Agreement incorporated into this filing by
reference to Post-Effective Amendment No. 62 filed November 27, 2018.
|
|||
(b)
|
Executed Investment Advisory Expense Limitation Letter (November 20, 2020) between Delaware Management Company (a series of
Macquarie Investment Management Business Trust) and the Registrant incorporated into this filing by reference to Post-Effective Amendment No. 67 filed November 27, 2020.
|
|||
(c)
|
Executed Sub-Advisory Agreement (May 30, 2019) between Macquarie Investment Management Global Limited and Delaware
Management Company (a series of Macquarie Investment Management Business Trust) incorporated into this filing by reference to Post-Effective Amendment No. 67 filed November 27, 2020.
|
|||
(i)
|
Executed Amendment No. 1 (December 6, 2019) to Schedule 1 of the Sub-Advisory Agreement between Macquarie Investment Management
Global Limited and Delaware Management Company (a series of Macquarie Investment Management Business Trust) incorporated into this filing by reference to Post-Effective Amendment No. 67 filed November 27, 2020.
|
|||
(7)
|
Copies of each underwriting or distribution contract between the Registrant and a principal underwriter, and specimens or copies of all agreements between principal underwriters and dealers;
|
|||
(a)
|
Distribution Agreements.
|
|||
(i)
|
Executed Amended and Restated Distribution Agreement (February 25, 2016) between Delaware Distributors, L.P. and the Registrant
incorporated into this filing by reference to Post-Effective Amendment No. 60 filed November 28, 2017.
|
|||
(ii)
|
Executed Amendment No. 1 (January 31, 2017) to Schedule I to the Amended and Restated Distribution Agreement incorporated into
this filing by reference to Post-Effective Amendment No. 60 filed November 28, 2017.
|
|||
(b)
|
Form of Dealer's Agreement incorporated into this filing by reference to Post-Effective Amendment No. 62 filed November 27, 2018.
|
|||
(c)
|
Form of Registered Investment Advisers Agreement incorporated into this filing by reference to Post-Effective Amendment No. 62 filed
November 27, 2018.
|
|||
(d)
|
Form of Bank/Trust Agreement incorporated into this filing by reference to Post-Effective Amendment No. 62 filed November 27, 2018.
|
|||
(8)
|
Copies of all bonus, profit sharing, pension or other similar contracts or arrangements wholly or partly for the benefit of directors or officers of the Registrant in their capacity as such. Furnish a reasonably detailed description of
any plan that is not set forth in a formal document;
|
Not applicable.
|
||||
(9)
|
Copies of all custodian agreements and depository contracts under Section 17(f) of the Investment Company Act of 1940, as amended (the “1940 Act”), for securities and similar investments of the Registrant, including the schedule of
remuneration;
|
|||
(a)
|
Executed Mutual Fund Custody and Services Agreement (July 20, 2007) between The Bank of New York Mellon (formerly, Mellon Bank, N.A.) and
the Registrant incorporated into this filing by reference to Post-Effective Amendment No. 36 filed November 26, 2008.
|
|||
(i)
|
Executed Amendment (January 1, 2014) to Mutual Fund Custody and Services Agreement incorporated into this filing by reference to
Post-Effective Amendment No. 50 filed November 26, 2014.
|
|||
(ii)
|
Executed Amendment No. 2 (July 1, 2017) to Mutual Fund Custody and Services Agreement incorporated into this filing by reference
to Post-Effective Amendment No. 60 filed November 28, 2017.
|
|||
(b)
|
Executed Securities Lending Authorization Agreement (July 20, 2007) between The Bank of New York Mellon (formerly, Mellon Bank, N.A.) and
the Registrant incorporated into this filing by reference to Post-Effective Amendment No. 35 filed November 28, 2007.
|
|||
(i)
|
Executed Amendment (September 22, 2009) to the Securities Lending Authorization Agreement incorporated into this filing by reference to
Post-Effective Amendment No. 38 filed September 30, 2010.
|
|||
(ii)
|
Executed Amendment No. 2 (January 1, 2010) to the Securities Lending Authorization Agreement incorporated into this filing by reference to
Post-Effective Amendment No. 38 filed September 30, 2010.
|
|||
(10)
|
Copies of any plan entered into by Registrant pursuant to Rule 12b-1 under the 1940 Act and any agreements with any person relating to implementation of the plan, and copies of any plan entered into by Registrant pursuant to Rule 18f-3
under the 1940 Act, any agreement with any person relating to implementation of the plan, any amendment to the plan, and a copy of the portion of the minutes of the meeting of the Registrant’s trustees describing any action taken to revoke
the plan;
|
|||
(a)
|
Plan under Rule 12b-1 for Class A (April 19, 2001) incorporated into this filing by reference to Post-Effective Amendment No. 24 filed September
28, 2001.
|
|||
(b)
|
Plan under Rule 12b-1 for Class C (April 19, 2001) incorporated into this filing by reference to Post-Effective Amendment No. 24 filed September
28, 2001.
|
|||
(c)
|
Plan under Rule 12b-1 for Class R (May 15, 2003) incorporated into this filing by reference to Post-Effective Amendment No. 42 filed
November 28, 2012.
|
|||
(d)
|
Amended and Restated Multiple Class Plan Pursuant to Rule 18f-3 (November 18, 2020) incorporated into this filing by reference to
Post-Effective Amendment No. 67 filed November 27, 2020.
|
|||
(i)
|
Updated Appendix A (April 19, 2021) to the Amended and Restated Multiple Class Plan Pursuant to Rule 18f-3 attached as
Exhibit No. EX-99.10.d.i.
|
|||
(11)
|
An opinion and consent of counsel as to the legality of the securities being registered, indicating whether they will, when sold, be legally issued, fully paid and non-assessable;
|
|||
(a)
|
Opinion and Consent of Counsel (June 2021) relating to the Registrant attached as Exhibit No. EX-99.11.a.
|
|||
(12)
|
An opinion, and consent to their use, of counsel or, in lieu of an opinion, a copy of the revenue ruling from the Internal Revenue Service, supporting the tax matters and consequences to shareholders discussed in the prospectus;
|
|||
(a)
|
Opinion and Consent of Counsel regarding tax matters to be filed by Amendment.
|
(13)
|
Copies of all material contracts of the Registrant not made in the ordinary course of business which are to be performed in whole or in part on or after the date of filing the registration statement;
|
|||
(a)
|
Executed Shareholder Services Agreement (April 19, 2001) between Delaware Service Company, Inc. and the Registrant incorporated into this filing
by reference to Post-Effective Amendment No. 34 filed November 28, 2006.
|
|||
(i)
|
Executed Letter Amendment (August 23, 2002) to the Shareholder Services Agreement incorporated into this filing by reference to Post-Effective
Amendment No. 27 filed September 30, 2003.
|
|||
(ii)
|
Executed Amendment No. 4 (January 31, 2017) to Schedule A to the Shareholder Services Agreement incorporated into this filing by
reference to Post-Effective Amendment No. 62 filed November 27, 2018.
|
|||
(iii)
|
Executed Amended and Restated Schedule B (July 1, 2018) to the Shareholder Services Agreement incorporated into this filing by
reference to Post-Effective Amendment No. 62 filed November 27, 2018.
|
|||
(iv)
|
Executed Assignment and Assumption Agreement (November 1, 2014) between Delaware Service Company, Inc. and Delaware Investments Fund
Services Company relating to the Shareholder Services Agreement incorporated into this filing by reference to Post-Effective Amendment No. 50 filed November 26, 2014.
|
|||
(b)
|
Executed Amended and Restated Fund Accounting and Financial Administration Services Agreement (January 1, 2014) between The Bank of New York
Mellon and the Registrant incorporated into this filing by reference to Post-Effective Amendment No. 50 filed November 26, 2014.
|
|||
(i)
|
Executed Amendment No. 1 (July 1, 2017) to Amended and Restated Fund Accounting and Financial Administration Services Agreement
incorporated into this filing by reference to Post-Effective Amendment No. 60 filed November 28, 2017.
|
|||
(c)
|
Executed Amended and Restated Fund Accounting and Financial Administration Oversight Agreement (January 1, 2014) between Delaware Service
Company, Inc. and the Registrant incorporated into this filing by reference to Post-Effective Amendment No. 50 filed November 26, 2014.
|
|||
(i)
|
Executed Assignment and Assumption Agreement (November 1, 2014) between Delaware Service Company, Inc. and Delaware Investments Fund
Services Company relating to the Oversight Agreement incorporated into this filing by reference to Post-Effective Amendment No. 50 filed November 26, 2014.
|
|||
(ii)
|
Executed Amendment No. 1 (September 1, 2017) to Amended and Restated Fund Accounting and Financial Administration Oversight
Agreement incorporated into this filing by reference to Post-Effective Amendment No. 60 filed November 28, 2017.
|
|||
(14)
|
Copies of any other opinions, appraisals or rulings, and consents to their use relied on in preparing the registration statement and required by Section 7 of the 1933 Act;
|
|||
(a)
|
Consent of Independent Registered Public Accounting Firm (June 2021) relating to Delaware Group Equity Funds IV attached
as Exhibit No. EX-99.14.a.
|
|||
(b)
|
Consent of Independent Registered Public Accounting Firm (June 2021) relating to Delaware Group Government Fund attached
as Exhibit No. EX-99.14.b.
|
|||
(c)
|
Consent of Independent Registered Public Accounting Firm (June 2021) relating to Delaware Group Income Funds attached as
Exhibit No. EX-99.14.c.
|
|||
(d)
|
Consent of Independent Registered Public Accounting Firm (June 2021) relating to Delaware Group Limited-Term Government
Funds attached as Exhibit No. EX-99.14.d.
|
(15)
|
All financial statements omitted pursuant to Item 14(a)(1);
|
||
Not applicable.
|
|||
(16)
|
Manually signed copies of any power of attorney pursuant to which the name of any person has been signed to the registration statement; and
|
||
(a)
|
Powers of Attorney (May/June 2021) attached as Exhibit No. EX-99.16.a.
|
||
(17)
|
Any additional exhibits which the Registrant may wish to file.
|
||
(a)
|
Code of Ethics for Macquarie Investment Management, Delaware Funds® by Macquarie and Optimum Fund Trust
(September 8, 2020) attached as Exhibit No. EX-99.17.a.
|
||
(b)
|
Code of Ethics for Macquarie Investment Management Europe Limited (September 2017) incorporated into this filing by reference to
Post-Effective Amendment No. 64 filed November 27, 2019.
|
||
(c)
|
Code of Ethics for Macquarie Investment Management Austria Kapitalanlage AG (August 2018) incorporated into this filing by reference
to Post-Effective Amendment No. 64 filed November 27, 2019.
|
||
(d)
|
Code of Ethics for Macquarie Investment Management Global Limited (June 2016) incorporated into this filing by reference to
Post-Effective Amendment No. 64 filed November 27, 2019.
|
||
Item 17.
|
Undertakings.
|
||
(1)
|
The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter
within the meaning of Rule 145(c) of the Securities Act, the reoffering prospectus will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters, in addition to the
information called for by the other items of the applicable form.
|
||
(2)
|
The undersigned Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in
determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the
initial bona fide offering of them.
|
||
(3)
|
The undersigned Registrant agrees to file by Post-Effective Amendment the opinion and consent of counsel regarding the tax consequences of the proposed reorganization required by Item 16(12) of Form N-14 within a reasonable time after
receipt of such opinion.
|
||
DELAWARE GROUP GOVERNMENT FUND
|
|
By:
|
/s/ Richard Salus
|
Richard Salus
Senior Vice President/Chief Financial Officer |
Signature
|
Title
|
Date
|
||
Shawn K. Lytle
|
*
|
President/Chief Executive Officer
|
June 25, 2021
|
|
Shawn K. Lytle
|
(Principal Executive Officer) and Trustee
|
|||
Jerome D. Abernathy
|
*
|
Trustee
|
June 25, 2021
|
|
Jerome D. Abernathy
|
||||
Thomas L. Bennett
|
*
|
Chair and Trustee
|
June 25 2021
|
|
Thomas L. Bennett
|
||||
Ann D. Borowiec
|
*
|
Trustee
|
June 25, 2021
|
|
Ann D. Borowiec
|
||||
Joseph W. Chow
|
*
|
Trustee
|
June 25, 2021
|
|
Joseph W. Chow
|
||||
John A. Fry
|
*
|
Trustee
|
June 25, 2021
|
|
John A. Fry
|
||||
Frances A. Sevilla-Sacasa
|
*
|
Trustee
|
June 25, 2021
|
|
Frances A. Sevilla-Sacasa
|
||||
Thomas K. Whitford
|
*
|
Trustee
|
June 25, 2021
|
|
Thomas K. Whitford
|
||||
Christianna Wood
|
*
|
Trustee
|
June 25, 2021
|
|
Christianna Wood
|
||||
Janet L. Yeomans
|
*
|
Trustee
|
June 25, 2021
|
|
Janet L. Yeomans
|
||||
/s/ Richard Salus
|
Senior Vice President/Chief Financial Officer
|
June 25, 2021
|
||
Richard Salus
|
(Principal Financial Officer)
|
Exhibit No.
|
Exhibit
|
EX-99.10.d.i
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EX-99.11.a
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EX-99.14.a
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EX-99.14.b
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EX-99.14.c
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EX-99.14.d
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EX-99.16.a
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EX-99.17.a
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