DELAWARE POOLED® TRUST
Delaware Global Listed Real Assets Fund (the “Fund”)
Supplement to the Fund’s Summary Prospectus dated February 25, 2022, as amended
On or about October 31, 2022 (the “Effective Date”), the following replaces the information in the Fund’s summary prospectus section
entitled “What are the Fund’s principal investment strategies?”:
The Fund seeks to achieve its investment objective by investing in listed real assets securities, which includes the following categories:
•Real Estate Securities (such as Real estate investment trusts (REITs), Real estate operating companies (REOCs), mortgage-backed
securities);
•Infrastructure Securities (including master limited partnerships (MLPs));
•Natural Resources Securities; and
•Inflation-Linked Securities (collectively, “Real Assets Securities”).
See the section of the Prospectus entitled “Our principal investment strategies” for a description of Real Estate Securities, Infrastructure Securities,
Natural Resources Securities, and Inflation-Linked Securities.
Under normal market conditions, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Real Assets
Securities (80% policy). The Fund will invest at least 30% of its net assets in foreign securities, including emerging markets issuers. The Fund may purchase both equity and fixed income securities. The Fund may invest in securities of companies or
issuers of any size market capitalization.
The Fund will allocate strategy assets across multiple sleeves managed by Delaware Management Company and the Fund’s sub-advisors that will invest in liquid,
listed real assets securities that are both tangible and intangible. Sleeves include global listed infrastructure which consists of listed infrastructure equity securities, global real estate which consists of listed real estate securities including
REITs, global natural resources which consists of listed natural resource equity securities, global inflation-linked fixed income which consists of Treasury inflation-protected securities (TIPS) and developed market inflation-linked fixed income
securities, and real assets fixed income which consist of high yield and securitized fixed income securities.
The Fund invests in natural resources including precious metals, among other resources. In addition to derivatives, the Fund may gain exposure to precious
metals through equity securities of precious metals companies as well as ETFs.
The Fund may invest in commercial mortgage-backed securities, non-agency residential mortgages, and select asset-backed securities. Such securities and
mortgages are anticipated to be investment grade.
Within the fixed income securities in which the Fund invests, the structured products will typically have an average credit rating of BBB- and an average
duration of seven years. The Fund may also invest in high yield (junk) bonds. The corporate bond securities will typically be below investment grade with an average duration of approximately five years.
The Fund may employ leverage, such as by entering into reverse repurchase transactions, to attempt to take advantage of or increase the total return of
attractive investment opportunities.
The Fund may invest in securities of foreign companies or governments or supranational entities to achieve its investment objectives.
The Fund will invest no more than 15% of the portfolio’s holdings in MLPs. The MLPs in which the Fund invests will not include general partnership interests.
Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), the Fund’s sub- advisor primarily responsible for the day-to-day management of the Fund,
uses a dynamic asset-allocation framework to determine the proportion of the Fund’s assets that will be allocated to the various asset classes noted above, based on the market assessment and portfolio risk contribution for such asset classes. The
framework is intended to reduce riskier assets in times of market volatility and provide additional downside protection. In connection with its dynamic asset-allocation framework, MIMAK will also manage a tactical / completion sleeve and such sleeve
will typically vary from 0% to 20% of the Fund’s total assets and primarily hold derivatives and exchange-traded funds (ETFs). If applicable, the derivatives and ETFs within the tactical / completion sleeve will also be counted towards the asset
classes noted above.
The Fund may use a wide range of derivative instruments, typically including forward foreign currency contracts, options, futures contracts, options on
futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Fund’s portfolio characteristics. 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; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.
In addition, the Manager may seek investment advice and recommendations relating to fixed income securities from its affiliates: Macquarie Investment
Management Europe Limited (MIMEL), and Macquarie Investment Management Global Limited (MIMGL). The Manager may also permit MIMGL, and Macquarie Funds Management Hong Kong Limited (MFMHKL) to execute Fund equity security trades on behalf of the
Manager. The Manager may also permit MIMEL and MIMGL to exercise investment discretion and perform trading for fixed income securities in certain markets where the Manager believes it will be beneficial to utilize MIMEL’s or MIMGL’s specialized
market knowledge, and the Manager may also seek quantitative support from MIMGL. MIMEL, MIMGL, and MFMHKL are also responsible for managing real estate investment trust securities and other equity asset classes to which the portfolio managers may
allocate assets from time to time.
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.
Because everyone’s tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax
consequences before making an investment in the Fund.
Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). None of the entities noted in this
document is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583
542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this document relates to an investment (a) each investor is subject to investment risk including
possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee
repayment of capital in respect of the investment.
Please keep this Supplement for future reference.
This Supplement is dated August 19, 2022.