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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2018
Registrant Name dei_EntityRegistrantName DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS
Central Index Key dei_EntityCentralIndexKey 0000357059
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Apr. 29, 2019
Document Effective Date dei_DocumentEffectiveDate Apr. 30, 2019
Prospectus Date rr_ProspectusDate Apr. 30, 2019
Delaware Limited-Term Diversified Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return rr_RiskReturnHeading Delaware Limited-Term Diversified Income Fund
Objective rr_ObjectiveHeading What is the Fund’s investment objective?
Objective, Primary rr_ObjectivePrimaryTextBlock

Delaware Limited-Term Diversified Income Fund seeks maximum total return, consistent with reasonable risk.

 

Expense rr_ExpenseHeading What are the Fund’s fees and expenses?
Expense Narrative rr_ExpenseNarrativeTextBlock

The table below describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in Delaware Funds® by Macquarie. More information about these and other discounts is available from your financial intermediary, in the Fund’s Prospectus under the section entitled “About your account,” and in the Fund’s statement of additional information (SAI) under the section entitled “Purchasing Shares.”

 

Shareholder Fees Caption rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover Heading rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 130% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 130.00%
Expense Breakpoint Discounts rr_ExpenseBreakpointDiscounts You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in Delaware Funds® by Macquarie.
Expense Breakpoint, Minimum Investment Required rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 100,000
Expense Example rr_ExpenseExampleHeading Example
Expense Example Narrative rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. In addition, the example shows expenses for Class C shares, assuming those shares were not redeemed at the end of those periods. The example also assumes that your investment has a 5% return each year and reflects the applicable waivers and reimbursements for the 1-year contractual period and the total operating expenses without waivers for years 2 through 10. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

Strategy rr_StrategyHeading What are the Fund’s principal investment strategies?
Strategy Narrative rr_StrategyNarrativeTextBlock

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 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 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 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.

 

Strategy Portfolio Concentration rr_StrategyPortfolioConcentration 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 government, its agencies or instrumentalities, and by US corporations (80% policy).
Risk rr_RiskHeading What are the principal risks of investing in the Fund?
Risk Narrative rr_RiskNarrativeTextBlock

Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. The Fund’s principal risks include:

 

Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.

Interest rate risk — The risk that the prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Interest rate changes are influenced by a number of factors, such as government policy, monetary policy, inflation expectations, and the supply and demand of bonds. Bonds and other fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. A fund may be subject to a greater risk of rising interest rates due to the current period of historically low interest rates.

Credit risk — The risk that an issuer of a debt security, including a governmental issuer or an entity that insures a bond, may be unable to make interest payments and/or repay principal in a timely manner.

High yield (junk bond) risk — The risk that high yield securities, commonly known as “junk bonds,” are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than are higher-rated securities. High yield bonds are sometimes issued by municipalities that have less financial strength and therefore have less ability to make projected debt payments on the bonds.

Prepayment risk — The risk that the principal on a bond that is held by a fund will be prepaid prior to maturity at a time when interest rates are lower than what that bond was paying. A fund  may then have to reinvest that money at a lower interest rate.

Liquidity risk — The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them.

Derivatives risk — Derivatives contracts, such as futures, forward foreign currency contracts, options, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, index, reference rate, or other asset or market factor to which a derivatives contract is associated, moves in the opposite direction from what the portfolio manager anticipated. When used for hedging, the change in value of the derivatives instrument may also not correlate specifically with the currency, rate, or other risk being hedged, in which case a fund may not realize the intended benefits. Derivatives contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to, among other reasons, financial difficulties (such as a bankruptcy or reorganization).

Mortgage-backed and asset-backed securities risk — The risk that the principal on mortgage-backed or asset-backed securities may be prepaid at any time, which will reduce the yield and market value.

Leveraging risk — The risk that certain fund transactions, such as reverse repurchase agreements, short sales, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivatives instruments, may give rise to leverage, causing a fund to be more volatile than if it had not been leveraged, which may result in increased losses to the fund.

 

Foreign risk — The risk that foreign securities (particularly in emerging markets) may be adversely affected by political instability, changes in currency exchange rates, inefficient markets and higher transaction costs, foreign economic conditions, the imposition of economic or trade sanctions, or inadequate or different regulatory and accounting standards.

Valuation risk — The risk that a less liquid secondary market may make it more difficult for a fund to obtain precise valuations of certain securities in its portfolio.

Government and regulatory risk — The risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.

Active management and selection risk — The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.

 

The Manager is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited (MBL), a subsidiary of MGL and an affiliate of the Manager, none of the entities noted are authorized deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise. The Fund is governed by US laws and regulations.

 

Risk Lose Money rr_RiskLoseMoney Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio.
Bar Chart and Performance Table rr_BarChartAndPerformanceTableHeading How has Delaware Limited-Term Diversified Income Fund performed?
Performance Narrative rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. The returns reflect any expense caps in effect during these periods. The returns would be lower without the expense caps.  You may obtain the Fund’s most recently available month-end performance by calling 800 523-1918 or by visiting our website at delawarefunds.com/performance.

 

Performance Availability Phone rr_PerformanceAvailabilityPhone 800 523-1918
Performance Availability Website Address rr_PerformanceAvailabilityWebSiteAddress delawarefunds.com/performance
Performance Past Does Not Indicate Future rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart Heading rr_BarChartHeading Calendar year-by-year total return (Class A)
Bar Chart Closing rr_BarChartClosingTextBlock

During the periods illustrated in this bar chart, Class A’s highest quarterly return was 4.76% for the quarter ended June 30, 2009, and its lowest quarterly return was -2.22% for the quarter ended June 30, 2013. The maximum Class A sales charge of 2.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total returns in the table below do include the sales charge.

Performance Table Heading rr_PerformanceTableHeading Average annual total returns for periods ended December 31, 2018
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).
Performance Table One Class of after Tax Shown rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is presented only for Class A shares of the Fund.
Performance Table Closing rr_PerformanceTableClosingTextBlock

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

 

 

Delaware Limited-Term Diversified Income Fund | Bloomberg Barclays 1-3 Year US Government/Credit Index (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes rr_IndexNoDeductionForFeesExpensesTaxes Reflects no deduction for fees, expenses, or taxes.
1 Year rr_AverageAnnualReturnYear01 1.60%
5 Years rr_AverageAnnualReturnYear05 1.03%
10 Years rr_AverageAnnualReturnYear10 1.52%
Delaware Limited-Term Diversified Income Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol DTRIX
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.75%
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.19%
Total annual fund operating expenses rr_ExpensesOverAssets 0.94%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.40%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.54%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 329
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 528
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 743
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,362
Annual Return 2009 rr_AnnualReturn2009 12.89%
Annual Return 2010 rr_AnnualReturn2010 3.70%
Annual Return 2011 rr_AnnualReturn2011 2.78%
Annual Return 2012 rr_AnnualReturn2012 2.49%
Annual Return 2013 rr_AnnualReturn2013 (1.81%)
Annual Return 2014 rr_AnnualReturn2014 1.28%
Annual Return 2015 rr_AnnualReturn2015 0.62%
Annual Return 2016 rr_AnnualReturn2016 2.42%
AnnualReturn2017 rr_AnnualReturn2017 2.11%
Annual Return 2018 rr_AnnualReturn2018 (1.08%)
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 4.76%
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (2.22%)
1 Year rr_AverageAnnualReturnYear01 (3.81%)
5 Years rr_AverageAnnualReturnYear05 0.50%
10 Years rr_AverageAnnualReturnYear10 2.19%
Delaware Limited-Term Diversified Income Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (4.74%)
5 Years rr_AverageAnnualReturnYear05 (0.26%)
10 Years rr_AverageAnnualReturnYear10 1.36%
Delaware Limited-Term Diversified Income Fund | Class A | After Taxes on Distributions and Sales  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (2.25%)
5 Years rr_AverageAnnualReturnYear05 0.05%
10 Years rr_AverageAnnualReturnYear10 1.38%
Delaware Limited-Term Diversified Income Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol DTICX
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [2]
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.19%
Total annual fund operating expenses rr_ExpensesOverAssets 1.69%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.30%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 1.39%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 242
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 503
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 890
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,973
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 142
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 503
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 890
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,973
1 Year rr_AverageAnnualReturnYear01 (2.76%)
5 Years rr_AverageAnnualReturnYear05 0.23%
10 Years rr_AverageAnnualReturnYear10 1.61%
Delaware Limited-Term Diversified Income Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol DLTRX
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.19%
Total annual fund operating expenses rr_ExpensesOverAssets 1.19%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.30%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 91
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 348
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 625
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,417
1 Year rr_AverageAnnualReturnYear01 (1.43%)
5 Years rr_AverageAnnualReturnYear05 0.71%
10 Years rr_AverageAnnualReturnYear10 2.11%
Delaware Limited-Term Diversified Income Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol DTINX
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.19%
Total annual fund operating expenses rr_ExpensesOverAssets 0.69%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.30%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.39%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 40
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 191
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 354
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 830
1 Year rr_AverageAnnualReturnYear01 (0.93%)
5 Years rr_AverageAnnualReturnYear05 1.21%
10 Years rr_AverageAnnualReturnYear10 2.63%
Delaware Limited-Term Diversified Income Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol DLTZX
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.12% [3]
Total annual fund operating expenses rr_ExpensesOverAssets 0.62%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.30%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 33
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 168
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 316
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 746
Label rr_AverageAnnualReturnLabel (lifetime: 5/1/17 –12/31/18)
1 Year rr_AverageAnnualReturnYear01 (0.75%)
5 Years rr_AverageAnnualReturnYear05
Lifetime rr_AverageAnnualReturnSinceInception 0.20%
[1] The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.39% of the Fund’s average daily net assets from April 30, 2019 through April 30, 2020 for all share classes other than R6, and 0.32% of the Fund’s Class R6 shares’ average daily net assets from April 30, 2019 through April 30, 2020. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund. Additionally, the Fund's distributor, Delaware Distributors, L.P. (Distributor), has contracted to limit the Fund's Class A shares' 12b-1 fees to no more than 0.15% of average daily net assets from April 30, 2019 through April 30, 2020. This waiver may be terminated only by agreement of the Distributor and the Fund.
[2] Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC).
[3] “Other expenses” account for Class R6 shares not being subject to certain expenses as described further in the section of the Prospectus entitled “Choosing a share class.”