SCHEDULE 14C
(RULE 14C-101)
INFORMATION REQUIRED IN INFORMATION STATEMENT
SCHEDULE 14C INFORMATION
INFORMATION STATEMENT PURSUANT TO SECTION 14(c)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _______)
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| [ ] | Preliminary information statement | [ ] | Confidential, for use of the Commission only (as | ||||
| permitted by Rule 14c-5(d) (2)). | |||||||
| X | Definitive information statement | ||||||
| Delaware Group® Adviser Funds |
| Delaware Group® Government Fund |
| Delaware Group® Income Funds |
| Delaware Group® Limited-Term Government Funds |
| (Name of Registrant as Specified in Its Charter) |
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| [ ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. | ||
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DELAWARE GROUP® ADVISER FUNDS
Delaware Diversified Income Fund
DELAWARE GROUP GOVERNMENT FUND
Delaware Emerging Markets Debt Fund
Delaware Strategic Income Fund
DELAWARE GROUP INCOME FUNDS
Delaware Corporate Bond Fund
Delaware Extended Duration Bond Fund
Delaware Floating Rate Fund
Delaware High-Yield Opportunities Fund
DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS
Delaware Limited-Term Diversified Income Fund
2005 Market Street
Philadelphia, PA 19103-7094
JOINT INFORMATION STATEMENT
This Joint Information Statement is being furnished on behalf of the Boards of Trustees (“Trustees” or “Board”) of Delaware Group Adviser Funds, Delaware Group Government Fund, Delaware Group Income Funds, and Delaware Group Limited-Term Government Funds (each, a “Trust” and collectively, the “Trusts”) to inform shareholders of the funds listed above (each, a “Fund” and collectively, the “Funds”) about recent changes related to the Funds’ sub-advisory arrangements. The changes were approved by the Board on the recommendation of the Funds’ investment manager, Delaware Management Company (“DMC” or the “Manager”), without shareholder approval as is permitted by an order of the U.S. Securities and Exchange Commission (“SEC”). WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
A Notice of Internet Availability of Joint Information Statement relating to this Joint Information Statement (“Notice”) was mailed beginning on or about June 28, 2019 to shareholders of record of the Delaware Diversified Income Fund as of June 3, 2019 (the “Diversified Income Fund Record Date”) and to shareholders of record of each other Fund as of June 13, 2019 (the “Additional Record Date” and together with the Diversified Income Fund Record Date, the “Record Dates”). The Joint Information Statement is being made available on the Funds’ website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
INTRODUCTION
The Manager is the investment manager to each series of the Trusts, including the Funds. Pursuant to “manager of managers” authority, the Manager, subject to approval by the Board, is permitted to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trusts or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval. Section 15(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), generally requires that the shareholders of a mutual fund approve an agreement pursuant to which a person serves as investment advisor or sub-advisor of the fund. In order to use the “manager of managers” authority discussed above, the Manager, the Trusts, and certain affiliates requested and received an exemptive order from the SEC on Jan. 17, 2017 (the “SEC Order”). The SEC Order exempts the Manager, the Trusts and other affiliates from certain of the shareholder approval requirements of Section 15(a) of the 1940 Act and allows the Board, subject to certain conditions, to appoint new sub-advisors and approve new sub-advisory agreements on behalf of the Trusts without shareholder approval. The Manager has ultimate responsibility (subject to oversight by the Board) to supervise the sub-advisors and recommend the hiring, termination, and replacement of the sub-advisors to the Board.
Consistent with the terms of the SEC Order, the Board, including a majority of the Trustees who are not “interested persons” of the Trusts or of the Manager (the “Independent Trustees”), approved the appointment of Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”) to provide certain sub-advisory services to the Funds (each, a “Sub-Advisor” and collectively, the “Sub-Advisors”). MIMAK, MIMEL, and MIMGL are affiliates of the Manager. The sub-advisory agreements between each of MIMAK, MIMEL, and MIMGL, and DMC, on behalf of the Funds (the “Sub-Advisory Agreements”) are described in further detail below.
The Trusts and the Manager have agreed to comply with certain conditions when acting in reliance on the relief granted in the SEC Order. These conditions require, among other things, that, within ninety (90) days of hiring a new sub-advisor, the affected fund will notify the shareholders of the fund of the changes. The Notice provides such notice of the changes and this Joint Information Statement presents additional details regarding MIMAK, MIMEL, and MIMGL and the Sub-Advisory Agreements.
THE INVESTMENT MANAGER
The Manager is located at 2005 Market Street, Philadelphia, PA 19103-7094, and is a series of Macquarie Investment Management Business Trust, which is an indirect subsidiary of Macquarie Management Holdings, Inc. (“MMHI”), which in turn is an indirect subsidiary, and subject to the ultimate control, of Macquarie Group Limited (“Macquarie”). The Manager is registered as an investment advisor with the SEC under the Investment Advisers Act of 1940, as amended.
The Manager provides investment advisory services to the Funds pursuant to an investment management agreement dated Jan. 4, 2010 between the Trusts and the Manager (the “Management Agreement”). The Management Agreement was most recently renewed by the Board, including a majority of the Independent Trustees, at a meeting on Aug. 16, 2018. The Trusts employ the Manager to generally manage the investment and reinvestment of the assets of the Funds. In so doing, the Manager may hire one or more sub-advisors to carry out the investment program of the Funds, subject to the approval of the Board. The Manager continuously reviews and supervises the investment program of the Funds. The Manager furnishes regular reports to the Board regarding the investment program and performance of the Funds.
Pursuant to the Management Agreement, the Manager has full discretion and responsibility, subject to the overall supervision of the Board, to select and contract with one or more investment sub-advisors, to manage the investment operations and composition of the Funds, and to render investment advice for the Funds, including the purchase, retention, and disposition of investments, securities and cash held by the Funds. The Management Agreement obligates the Manager to implement decisions with respect to the allocation or reallocation of each Fund’s assets among one or more current or additional sub-advisors, and to monitor the sub-advisors’ compliance with the Funds’ investment objectives, policies, and restrictions. Under the Management Agreement, the Trusts will bear the expenses of conducting its business. In addition, the Manager pays the salaries of all officers and Trustees of the Trusts who are officers, directors, or employees of the Manager or its affiliates.
As compensation for the services rendered under the Investment Management Agreement, the Funds shall pay the Manager an annual management fee as a percentage of average daily net assets as described in Exhibit A. During the last fiscal year for each of the Funds, the Funds paid investment management fees to the Manager as described in Exhibit B.
The key executives and each trustee of the Manager and their principal occupations are: Shawn K. Lytle, Chief Executive Officer and President; Roger A. Early, Trustee/Executive Director, Head of Fixed Income–America; David F. Connor, Trustee and Senior Vice President/General Counsel/Secretary; Richard Salus, Global Head of Fund Administration/Trustee; Brian L. Murray, Senior Vice President/Global Chief Compliance Officer; Dominic B. Janssens, Global Chief Operations Officer (through July 31, 2019); Michael F. Capuzzi, US Chief Operations Officer (as of July 31, 2019); and Caroline Marull, Asia Pacific Chief Operations Officer (as of July 31, 2019). The address of each person listed is 2005 Market Street, Philadelphia, PA 19103-7094.
THE NEW SUB-ADVISORS
MIMAK, located at Kaerntner Strasse 28, 1010 Vienna, Austria, is an affiliate of the Manager and a part of Macquarie Investment Management (“MIM”). MIM is the marketing name for certain companies comprising the asset management division of Macquarie Group Limited. As of Dec. 31, 2018, MIM managed more than $234.5 billion in assets for institutional and individual clients.
Although MIMAK serves as a sub-advisor, the Manager has ultimate responsibility for all investment advisory services. The Manager may seek investment advice and recommendations from MIMAK and the Manager may also permit MIMAK to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize MIMAK’s specialized market knowledge. The Manager has entered into a separate sub-advisory agreement with MIMAK and compensates MIMAK out of the investment advisory fees it receives from the Funds. There will be no increase in the advisory fees paid by the Funds to the Manager as a consequence of the appointment of MIMAK and the implementation of the Sub-Advisory Agreement. The Sub-Advisory Agreement between MIMAK and the Manager is effective May 30, 2019.
MIMAK does not serve as an investment advisor or sub-advisor to any registered investment company which has an investment objective(s) similar to the investment objective(s) of any of the Funds.
The names and principal occupations of the principal executive officers and/or directors of MIMAK are listed below. The address of each principal executive officer and/or director listed below, as it relates to the person’s position with MIMAK, is Kaerntner Strasse 28, 1010 Vienna, Austria:
| Name | Position |
| Rene Kreisl | Chief Compliance Officer and Director |
| Gerhard Aigner | Director |
| Konrad Kontriner | Director |
MIMEL, located at 28 Ropemaker Street, London, England, is an affiliate of the Manager and a part of MIM. As of Dec. 31, 2018, MIM managed more than $234.5 billion in assets for institutional and individual clients.
Although MIMEL serves as a sub-advisor, the Manager has ultimate responsibility for all investment advisory services. The Manager may seek investment advice and recommendations from MIMEL and the Manager may also permit MIMEL to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize MIMEL’s specialized market knowledge. The Manager has entered into a separate sub-advisory agreement with MIMEL and compensates MIMEL out of the investment advisory fees it receives from the Funds. There will be no increase in the advisory fees paid by the Funds to the Manager as a consequence of the appointment of MIMEL and the implementation of the Sub-Advisory Agreement. The Sub-Advisory Agreement between MIMEL and the Manager is effective May 30, 2019.
MIMEL does not serve as an investment advisor or sub-advisor to any registered investment company which has an investment objective(s) similar to the investment objective(s) of any of the Funds.
The names and principal occupations of the principal executive officers and/or directors of MIMEL are listed below. The address of each principal executive officer and/or director listed below, as it relates to the person’s position with MIMEL, is 28 Ropemaker Street, London, England:
| Name | Position |
| David Fass | Director |
| Stephen Haswell | Director |
| Graham McDevitt | Director |
| Alison Wood | Chief Compliance Officer |
| Kathryn Burgess | Director |
MIMGL, located at 50 Martin Place, Sydney, Australia, is an affiliate of the Manager and a part of MIM. As of Dec. 31, 2018, MIM managed more than $234.5 billion in assets for institutional and individual clients.
Although MIMGL serves as a sub-advisor, the Manager has ultimate responsibility for all investment advisory services. The Manager may seek investment advice and recommendations from MIMGL and the Manager may also permit MIMGL to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize MIMGL’s specialized market knowledge. The Manager has entered into a separate sub-advisory agreement with MIMGL and compensates MIMGL out of the investment advisory fees it receives from the Funds. There will be no increase in the advisory fees paid by the Funds to the Manager as a consequence of the appointment of MIMGL and the implementation of the Sub-Advisory Agreement. The Sub-Advisory Agreement between MIMGL and the Manager is effective May 30, 2019.
MIMGL does not serve as an investment advisor or sub-advisor to any registered investment company which has an investment objective(s) similar to the investment objective(s) of any of the Funds.
The names and principal occupations of the principal executive officers and/or directors of MIMGL are listed below. The address of each principal executive officer and/or director listed below, as it relates to the person’s position with MIMGL, is 50 Martin Place, Sydney, Australia:
| Name | Position |
| Megan Aubrey | Director |
| Brett Lewthwaite | Director |
| Grant Stephens | Director |
| Bruce Terry | Director |
| Nicholas Allton | Chief Legal Officer |
| Kean Lim | Chief Compliance Officer |
| Rajiv Gohil | Director |
ADDITIONAL SERVICES TO BE PROVIDED BY AFFILIATES UNDER SUB-ADVISORY ARRANGEMENTS FOR THE FUNDS
The Sub-Advisory Agreements were approved by the Board. Under the Sub-Advisory Agreements, and in accordance with applicable laws and regulations, MIMAK, MIMEL, and MIMGL agree to provide the Manager with all books and records relating to the transactions it executes and render for presentation to the Board such reports as the Board may reasonably request. The Sub-Advisory Agreements provide for the Manager to pay MIMAK, MIMEL, and MIMGL a fee based on the extent to which a Sub-Advisor provides services to the Funds. MIMAK, MIMEL, and MIMGL are compensated from the fees that the Manager received from the Funds.
The Sub-Advisory Agreements may be terminated at any time, without the payment of a penalty, by: (i) the Manager with written notice to MIMAK, MIMEL, and/or MIMGL; (ii) the Trusts pursuant to action by the Board or pursuant to the vote of a majority of the outstanding voting securities of the Funds, with written notice to MIMAK, MIMEL, and/or MIMGL; or (iii) MIMAK, MIMEL, or MIMGL with written notice to the Manager and the Trusts, each on not less than 60 days’ notice to the required parties.
The Sub-Advisory Agreements provide that, in the absence of willful misfeasance, bad faith, gross negligence or reckless disregard in the performance of its duties, each of MIMAK, MIMEL, or MIMGL, any of their affiliates, or any of their controlling persons, members, officers, directors, employees or agents, will not be liable for any action or omission connected with rendering services, or for any losses that may be sustained in connection with its activities as Sub-Advisor to the Funds.
THE MANAGER’S RECOMMENDATION AND THE BOARD’S CONSIDERATIONS
In reaching the decision to approve the Sub-Advisory Agreements, the Board considered and reviewed information about each of MIMEL, MIMAK and MIMGL, including its personnel, operations and financial condition, which had been provided by MIMEL, MIMAK and MIMGL, respectively. The Board also reviewed material furnished by DMC in advance of the meeting, including: a memorandum from DMC reviewing the Sub-Advisory Agreements and the various services proposed to be rendered by MIMEL, MIMAK and MIMGL; information concerning MIMEL’s, MIMAK’s and MIMGL’s organizational structure and the experience of their key investment management personnel; copies of MIMEL’s, MIMAK’s and MIMGL’s Form ADV, financial statements, compliance policies and procedures, and Codes of Ethics; relevant performance information provided with respect to MIMEL, MIMAK and MIMGL; and a copy of the Sub-Advisory Agreements.
In considering such information and materials, the Independent Trustees received assistance and advice from and met separately with their independent counsel. While attention was given to all information furnished, the following discusses some primary factors relevant to the Board’s decision to approve the Sub-Advisory Agreements. This discussion of the information and factors considered by the Board (as well as the discussion above) is not intended to be exhaustive, but rather summarizes certain factors considered by the Board. In view of the wide variety of factors considered, the Board did not, unless otherwise noted, find it practicable to quantify or otherwise assign relative weights to the following factors. In addition, individual Trustees may have assigned different weights to various factors.
Nature, extent, and quality of services. In considering the nature, extent and quality of the services to be provided by the Sub-Advisors, the Board reviewed the services to be provided by each Sub-Advisor pursuant to each Sub-Advisory Agreement and as described at the meeting. The Board reviewed materials provided by the Sub-Advisors regarding the experience and qualifications of the personnel who will be responsible for providing services to the Funds. The Board also considered relevant performance information provided with respect to each Sub-Advisor. In discussing the nature of the services proposed to be provided by the Sub-Advisors, it was observed that, unlike traditional sub-advisors who make all of the investment related decisions with respect to a sub-advised portfolio, the relationship between DMC and the Sub-Advisors as currently contemplated is primarily more of a collaborative effort between DMC and the Sub-Advisors and a cross pollination of investment ideas. The Board further noted the stated intention under the new Sub-Advisory Agreements that DMC would have the sole discretion to delegate portions of the implementation of the Funds’ strategy to the Sub-Advisors who would be permitted to execute Fund trades and exercise investment discretion pursuant to that delegation and subject to DMC oversight. However, DMC and the Funds’ named portfolio managers will continue to retain principal responsibility for the Funds’ strategies and investment processes and be primarily responsible for the day-to-day management of the Funds’ portfolios. Based upon these considerations, the Board was satisfied with the nature and quality of the overall services to be provided by the Sub-Advisors to the Funds and their shareholders and was confident in the abilities of the Sub-Advisors to provide quality services to the Funds and their shareholders.
Investment performance. In regard to the appointment of the Sub-Advisors for the Funds, the Board reviewed information on prior performance for the Sub-Advisors. In evaluating performance, the Board considered that the Sub-Advisors would provide investment advice and recommendations, including with respect to specific securities, but that DMC’s portfolio managers for the Funds would retain principal responsibility for the Funds’ strategies as described above. In addition, the Board considered that the Sub-Advisors would also execute Fund security trades on behalf of DMC and be permitted by DMC to exercise investment discretion for securities in certain markets where DMC wanted to utilize a Sub-Advisor’s specialized market knowledge.
Sub-advisory fees. The Board considered that DMC would pay the Sub-Advisors a sub-advisory fee based on the extent to which a Sub-Advisor provides services to the Funds as described in the Sub-Advisory Agreements. In considering the appropriateness of the sub-advisory fees, the Board also reviewed and considered the fees in light of the nature, extent and quality of the sub-advisory services to be provided by each Sub-Advisor, as more fully discussed above. The Board noted that the sub-advisory fees are paid by DMC to each Sub-Advisor and are not additional fees borne by the Funds, and that the management fee paid by the Funds to DMC would stay the same at current asset levels. The Board was provided with information showing an estimate of the sub-advisory fees to be paid to each Sub-Advisor based on a projection of Sub-Advisor allocations given certain historical investment trends, as well as information regarding the expected impact the sub-advisory arrangements would have on the profitability of DMC. The Board also noted that, given the collaborative nature of the services to be provided by the Sub-Advisors to the Funds, there were no comparable accounts and corresponding fees to which the Sub-Advisors were able to compare this arrangement. The Board concluded that, in light of the quality and extent of the services to be provided and the business relationships between DMC and the Sub-Advisors, the proposed fee arrangement was understandable and reasonable.
Profitability, economies of scale and fall out benefits. Information about each Sub-Advisor’s profitability from its relationship with the Funds was not available because it had not begun to provide services to the Funds. With regard to potential fall-out benefits derived or to be derived by the Sub-Advisors and their affiliates in connection with their relationship to the Funds, the Board considered the potential benefit to DMC and the Sub-Advisors of marketing a global approach on the portfolio management of their fixed income investment strategies. The Trustees also noted that economies of scale are shared with the Funds and their shareholders through investment management fee breakpoints in DMC’s fee schedule for the Funds so that as the Funds grows in size, its effective investment management fee rate declines.
GENERAL INFORMATION
Distributor
The Funds’ distributor, Delaware Distributors, L.P. (“Distributor”), located at 2005 Market Street, Philadelphia, PA 19103-7094, serves as the national distributor of the Trusts’ shares under an amended and restated Distribution Agreement dated Jan. 4, 2010. The Distributor is an affiliate of the Manager and bears all of the costs of promotion and distribution, except for payments by the retail class shares of the Funds under their respective Rule 12b-1 Plans. The Distributor is an indirect subsidiary of MMHI, and, therefore, of Macquarie. The Distributor has agreed to use its best efforts to sell shares of the Funds. Shares of the Funds are offered on a continuous basis by the Distributor and may be purchased through authorized investment dealers. The Board annually reviews fees paid to the Distributor.
Transfer Agent, Administrator, and Fund Accountant
Delaware Investments Fund Services Company (“DIFSC”), located at 2005 Market Street, Philadelphia, PA 19103-7094, serves as the Trusts’ shareholder servicing, dividend disbursing, and transfer agent. 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. Additionally, DIFSC manages the process for the payment of dividends and distributions and the dissemination of Fund net asset values and performance data. DIFSC is an affiliate of the Manager, and is an indirect subsidiary of MMHI and, therefore, of Macquarie.
The Bank of New York Mellon, located at 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’ net asset value and providing financial reporting information, regulatory compliance testing and other related accounting services.
Payments to Affiliated Brokers
During the last fiscal year, the Funds did not pay any commissions to any affiliated broker.
Shares Outstanding
The table in Exhibit C shows as of June 3, 2019, as to the Delaware Diversified Income Fund, and as of June 13, 2019, as to each of the other Funds, the number of shares outstanding.
Record of Beneficial Ownership
As of May 31, 2019, the Manager believes that there were no beneficial owners holding 5% or more of the total outstanding shares of any Class of shares of each Fund other than those listed on Exhibit D. As of May 31, 2019, the Manager believes that the Funds’ officers and Trustees directly owned less than 1% of the outstanding shares of each Class of each Fund.
Householding
Only one copy of the Notice may be mailed to households, even if more than one person in a household is a shareholder of record of a Fund as of the applicable Record Date, unless a Trust has received instructions to the contrary. Additional copies of the Notice or copies of the Joint Information Statement may be obtained, without charge, by contacting your financial intermediary. or calling the Delaware Funds by Macquarie Service Center at 800 523-1918. If you do not want the mailing of the Notice or the Joint Information Statement, as applicable, to be combined with those for other members of your household in the future, or if you are receiving multiple copies and would rather receive just one copy for the household, please contact your participating securities dealer or other financial intermediary or, if you own Fund shares directly through the Funds’ service agent, by calling the Funds’ service agent.
Financial Information
Shareholders can obtain a copy of the Funds’ most recent Annual and Semiannual Reports, without charge, by contacting your financial intermediary, or calling the Delaware Funds by Macquarie Service Center at 800 523-1918.
EXHIBIT A
As compensation for services rendered under the Management Agreement, the Manager is entitled to receive an annual fee equal to the following percentage rates of the average daily net assets of each Fund:
| Fund | Management Fee (annual rate as a percentage of average | |
| daily net assets) | ||
| Delaware Diversified Income Fund | 0.55% on the first $500 million | |
| 0.50% on the next $500 million | ||
| 0.45% on the next $1.5 billion | ||
| 0.425% of the average daily net assets in excess of $2.5 billion | ||
| Delaware Emerging Markets Debt | 0.75% on the first $500 million | |
| Fund | 0.70% on the next $500 million | |
| 0.65% on the next $1.5 billion | ||
| 0.60% on assets in excess of $2.5 billion | ||
| Delaware Strategic Income Fund | 0.55% on the first $500 million | |
| 0.50% on the next $500 million | ||
| 0.45% on the next $1.5 billion | ||
| 0.425% on assets in excess of $2.5 billion | ||
| Delaware Corporate Bond Fund | 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 | ||
| Delaware Extended Duration Bond | 0.55% on the first $500 million | |
| Fund | 0.50% on the next $500 million | |
| 0.45% on the next $1.5 billion | ||
| 0.425% on assets in excess of $2.5 billion | ||
| Delaware Floating Rate Fund | 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 | ||
| Delaware High-Yield Opportunities | 0.65% on the first $500 million | |
| Fund | 0.60% on the next $500 million | |
| 0.55% on the next $1.5 billion | ||
| 0.50% on assets in excess of $2.5 billion | ||
| Delaware Limited-Term Diversified | 0.50% on the first $500 million | |
| Income Fund | 0.475% on the next $500 million | |
| 0.45% on the next $1.5 billion | ||
| 0.425% of the average daily net assets in excess of $2.5 billion |
EXHIBIT B
During the fiscal year indicated, the Funds paid the following investment management fees to the Manager:
| Fund | Fiscal Year End | Management | ||
| Fees Paid | ||||
| Delaware Diversified Income Fund | October 31, 2018 | $15,560,317 | ||
| Delaware Emerging Markets Debt Fund | July 31, 2018 | $3,233 | ||
| Delaware Strategic Income Fund | July 31, 2018 | $62,374 | ||
| Delaware Corporate Bond Fund | July 31, 2018 | $5,087,779 | ||
| Delaware Extended Duration Bond Fund | July 31, 2018 | $2,888,572 | ||
| Delaware Floating Rate Fund | July 31, 2018 | $1,193,605 | ||
| Delaware High-Yield Opportunities Fund | July 31, 2018 | $1,290,041 | ||
| Delaware Limited-Term Diversified Income Fund | December 31, 2018 | $1,511,208 |
EXHIBIT C
NUMBER OF SHARES OF EACH FUND OUTSTANDING
AS OF JUNE 3, 2019
| Fund | Class | Shares Outstanding | ||
| Delaware Diversified Income Fund | A | 82,863,477.910 | ||
| C | 36,695,324.199 | |||
| I | 300,655,563.787 | |||
| R | 4,622,390.845 | |||
| R6 | 2,510,350.559 |
AS OF JUNE 13, 2019
| Fund | Class | Shares Outstanding | ||
| Delaware Emerging Markets Debt Fund | A | 8,320.005 | ||
| C | 5,561.258 | |||
| I | 2,749,740.674 | |||
| R | 313.425 | |||
| Delaware Strategic Income Fund | A | 3,875,669.122 | ||
| C | 350,405.637 | |||
| I | 2,046,436.920 | |||
| R | 510,033.095 | |||
| Delaware Corporate Bond Fund | A | 28,557,572.60 | ||
| C | 11,799,776.363 | |||
| I | 99,990,140.435 | |||
| R | 2,912,378.876 | |||
| R6 | 362.443 | |||
| Delaware Extended Duration Bond Fund | A | 19,273,481.023 | ||
| C | 2,182,552.247 | |||
| I | 67,176,020.977 | |||
| R | 1,776,432.925 | |||
| R6 | 7,082,115.108 | |||
| Delaware Floating Rate Fund | A | 4,764,867.441 | ||
| C | 3,164,254.009 | |||
| I | 10,620,529.152 | |||
| R | 7,302.182 | |||
| Delaware High-Yield Opportunities Fund | A | 32,492,196.371 | ||
| C | 5,801,661.396 | |||
| I | 12,064,007.040 | |||
| R | 1,279,223.539 | |||
| Delaware Limited-Term Diversified Income Fund | A | 16,953,500.375 | ||
| C | 6,395,978.284 | |||
| I | 32,099,936.107 | |||
| R | 262,678.746 | |||
| R6 | 314,504.654 |
EXHIBIT D
As of May 31, 2019, management believes the following shareholders held of record 5% or more of the outstanding shares of each class of the Funds.
| Class | Fund | Name and Address of Beneficial | Total Share | Percentage of |
| Owner | Balance | the Class | ||
| A | DELAWARE | LPL FINANCIAL | 4,632,216.876 | 5.59% |
| DIVERSIFIED | OMNIBUS CUSTOMER | |||
| INCOME FUND | ACCOUNT | |||
| ATTN LINDSAY OTOOLE | ||||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| A | DELAWARE | MLPF&S FOR THE SOLE | 12,968,111.463 | 15.66% |
| DIVERSIFIED | BENEFIT OF ITS CUSTOMERS | |||
| INCOME FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| A | DELAWARE | NATIONAL FINANCIAL | 16,219,984.130 | 19.59% |
| DIVERSIFIED | SERVICES LLC | |||
| INCOME FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE | WELLS FARGO CLEARING SVCS | 4,349,053.144 | 5.25% |
| DIVERSIFIED | LLC | |||
| INCOME FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| C | DELAWARE | MLPF&S FOR THE SOLE | 7,007,306.623 | 19.10% |
| DIVERSIFIED | BENEFIT OF ITS CUSTOMERS | |||
| INCOME FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| C | DELAWARE | MORGAN STANLEY SMITH | 5,344,778.470 | 14.57% |
| DIVERSIFIED | BARNEY LLC | |||
| INCOME FUND | FOR THE EXCLUSIVE | |||
| BENEFIT OF ITS CUSTOMERS | ||||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| C | DELAWARE | NATIONAL FINANCIAL | 4,062,828.516 | 11.08% |
| DIVERSIFIED | SERVICES LLC | |||
| INCOME FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 |
| C | DELAWARE | PERSHING LLC | 2,040,012.821 | 5.56% |
| DIVERSIFIED | 1 PERSHING PLAZA | |||
| INCOME FUND | JERSEY CITY NJ 07399-0002 | |||
| C | DELAWARE | UBS WM USA | 4,386,512.563 | 11.96% |
| DIVERSIFIED | SPEC CDY A/C EXL BEN | |||
| INCOME FUND | CUSTOMERS OF UBSFSI | |||
| 1000 HARBOR BLVD | ||||
| WEEHAWKEN NJ 07086 | ||||
| C | DELAWARE | WELLS FARGO CLEARING SVCS | 4,781,456.564 | 13.03% |
| DIVERSIFIED | LLC | |||
| INCOME FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| I | DELAWARE | SEI PRIVATE TRUST COMPANY | 24,513,954.534 | 8.15% |
| DIVERSIFIED | C/O TIAA SWP | |||
| INCOME FUND | 1 FREEDOM VALLEY DRIVE | |||
| OAKS PA 19456 | ||||
| I | DELAWARE | LPL FINANCIAL | 59,313,638.651 | 19.72% |
| DIVERSIFIED | OMNIBUS CUSTOMER | |||
| INCOME FUND | ACCOUNT | |||
| ATTN LINDSAY OTOOLE | ||||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| I | DELAWARE | MLPF&S FOR THE SOLE | 29,861,120.815 | 9.93% |
| DIVERSIFIED | BENEFIT OF ITS CUSTOMERS | |||
| INCOME FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| I | DELAWARE | MORGAN STANLEY SMITH | 19,065,587.820 | 6.34% |
| DIVERSIFIED | BARNEY LLC | |||
| INCOME FUND | FOR THE EXCLUSIVE | |||
| BENEFIT OF ITS CUSTOMERS | ||||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| I | DELAWARE | NATIONAL FINANCIAL | 50,230,446.427 | 16.70% |
| DIVERSIFIED | SERVICES LLC | |||
| INCOME FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE | RAYMOND JAMES | 20,378,445.515 | 6.78% |
| DIVERSIFIED | OMNIBUS FOR MUTUAL FUNDS | |||
| INCOME FUND | ATTN COURTNEY WALLER | |||
| 880 CARILLON PARKWAY | ||||
| ST PETERSBURG FL 33713 |
| I | DELAWARE | UBS WM USA | 33,757,595.027 | 11.23% |
| DIVERSIFIED | SPEC CDY A/C EXL BEN | |||
| INCOME FUND | CUSTOMERS OF UBSFSI | |||
| 1000 HARBOR BLVD | ||||
| WEEHAWKEN NJ 07086 | ||||
| I | DELAWARE | WELLS FARGO CLEARING SVCS | 20,188,476.461 | 6.71% |
| DIVERSIFIED | LLC | |||
| INCOME FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| R | DELAWARE | MASSACHUSETTS MUTUAL LIFE | 280,379.226 | 6.11% |
| DIVERSIFIED | INSURANCE COMPANY | |||
| INCOME FUND | 1295 STATE STREET - MIP M200- | |||
| INVST | ||||
| SPRINGFIELD MA 01111 | ||||
| R | DELAWARE | HARTFORD LIFE INSURANCE | 966,531.482 | 21.06% |
| DIVERSIFIED | COMPANY | |||
| INCOME FUND | SEPARATE ACCOUNTS | |||
| ATTN UIT OPERATIONS | ||||
| PO BOX 2999 | ||||
| HARTFORD CT 06104-2999 | ||||
| R | DELAWARE | MLPF&S FOR THE SOLE | 1,219,512.135 | 26.57% |
| DIVERSIFIED | BENEFIT OF ITS CUSTOMERS | |||
| INCOME FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| R6 | DELAWARE | GREAT-WEST TRUST CO LLC | 342,969.308 | 13.65% |
| DIVERSIFIED | TTEE | |||
| INCOME FUND | RECORDKEEPING FOR | |||
| VARIOUS | ||||
| BENEFIT PLAN | ||||
| 8525 E ORCHARD RD | ||||
| C/O MUTUAL FUND TRADING | ||||
| GREENWOOD VILLAGE CO | ||||
| 80111 | ||||
| R6 | DELAWARE | LINCOLN RETIREMENT | 359,388.959 | 14.31% |
| DIVERSIFIED | SERVICES CO | |||
| INCOME FUND | FBO METHODE ELECTRICS | |||
| 401K PLAN | ||||
| PO BOX 7876 | ||||
| FORT WAYNE IN 46801 | ||||
| R6 | DELAWARE | PIMS/PRUDENTIAL | 406,173.868 | 16.17% |
| DIVERSIFIED | RETIREMENT | |||
| INCOME FUND | AS NOMINEE FOR THE TTEE | |||
| CUST PL 300 MORETON | ||||
| COMPANIES | ||||
| PROFIT SHARING PLAN | ||||
| 101 SOUTH 200 E STE 300 | ||||
| SALT LAKE CITY UT 84111 |
| R6 | DELAWARE | STATE STREET BANK AND | 231,939.037 | 9.23% |
| DIVERSIFIED | TRUST TTEE | |||
| INCOME FUND | CUST FBO ADP ACCESS | |||
| PRODUCT | ||||
| 1 LINCOLN ST | ||||
| BOSTON MA 02111 | ||||
| R6 | DELAWARE | BOND STREET CUSTODIANS | 226,560.700 | 9.02% |
| DIVERSIFIED | LTD | |||
| INCOME FUND | ACF MACQUARIE GROUP | |||
| SERVICES | ||||
| AUSTRALIA PTY LTD - | ||||
| MANAGED FUNDS TEAM | ||||
| GPO BOX 4235 | ||||
| SYDNEY NSW 2001 AUSTRALIA | ||||
| R6 | DELAWARE | DCGT TTEE | 154,736.211 | 6.16% |
| DIVERSIFIED | CUST FBO PLIC VARIOUS | |||
| INCOME FUND | RETIREMENT PLANS OMNIBUS | |||
| ATTN NPIO TRADE DESK | ||||
| 711 HIGH STREET | ||||
| DES MOINES IA 50392 | ||||
| A | DELAWARE | CHARLES R FOUGNIES & | 927.145 | 11.13% |
| EMERGING | KRISTI L FOUGNIES JTWROS | |||
| MARKETS DEBT | INDIANAPOLIS IN 46278 | |||
| FUND | ||||
| A | DELAWARE | PERSHING LLC | 2,364.314 | 28.38% |
| EMERGING | 1 PERSHING PLAZA | |||
| MARKETS DEBT | JERSEY CITY NJ 07399-0002 | |||
| FUND | ||||
| A | DELAWARE | BNYM I S TRUST CO | 1,092.486 | 13.11% |
| EMERGING | CUST IRA FBO LYNN C HYDE | |||
| MARKETS DEBT | OREGON CITY OR 97045 | |||
| FUND | ||||
| A | DELAWARE | BNYM I S TRUST CO | 705.368 | 8.47% |
| EMERGING | CUST ROLLOVER IRA | |||
| MARKETS DEBT | MARY TERESA REGALIS | |||
| FUND | BINGHAMTON NY 13901 | |||
| A | DELAWARE | BNYM I S TRUST CO | 554.777 | 6.66% |
| EMERGING | CUST ROLLOVER IRA | |||
| MARKETS DEBT | ROBERT A REGALIS | |||
| FUND | BINGHAMTON NY 13901 | |||
| A | DELAWARE | UMB BANK NA | 1,861.425 | 22.34% |
| EMERGING | C/F PEMBERTON TOWNSHIP | |||
| MARKETS DEBT | BOE 403B | |||
| FUND | FBO JENNIFER J ENGLAND | |||
| TABERNACLE NJ 08088 |
| C | DELAWARE | MACQUARIE MANAGEMENT | 301.416 | 5.42% |
| EMERGING | HOLDINGS INC | |||
| MARKETS DEBT | C/O RICK SALUS | |||
| FUND | 2005 MARKET ST | |||
| PHILADELPHIA PA 19103-7028 | ||||
| C | DELAWARE | PERSHING LLC | 4,992.414 | 89.77% |
| EMERGING | 1 PERSHING PLAZA | |||
| MARKETS DEBT | JERSEY CITY NJ 07399-0002 | |||
| FUND | ||||
| I | DELAWARE | MACQUARIE MANAGEMENT | 2,736,153.592 | 99.51% |
| EMERGING | HOLDINGS INC | |||
| MARKETS DEBT | C/O RICK SALUS | |||
| FUND | 2005 MARKET ST | |||
| PHILADELPHIA PA 19103-7028 | ||||
| R | DELAWARE | MACQUARIE MANAGEMENT | 309.466 | 98.74% |
| EMERGING | HOLDINGS INC | |||
| MARKETS DEBT | C/O RICK SALUS | |||
| FUND | 2005 MARKET ST | |||
| PHILADELPHIA PA 19103-7028 | ||||
| A | DELAWARE | CHARLES SCHWAB & CO INC | 213,889.831 | 5.51% |
| STRATEGIC | SPEC CUSTODY ACCT FOR THE | |||
| INCOME FUND | EXCL BNFT OF CUSTS | |||
| ATTN MUTUAL FUNDS | ||||
| 211 MAIN ST | ||||
| SAN FRANCISCO CA 94105- | ||||
| 1905 | ||||
| A | DELAWARE | NATIONAL FINANCIAL | 359,795.900 | 9.27% |
| STRATEGIC | SERVICES LLC | |||
| INCOME FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE | PERSHING LLC | 205,230.014 | 5.29% |
| STRATEGIC | 1 PERSHING PLAZA | |||
| INCOME FUND | JERSEY CITY NJ 07399-0002 | |||
| C | DELAWARE | LPL FINANCIAL | 22,160.034 | 6.31% |
| STRATEGIC | OMNIBUS CUSTOMER | |||
| INCOME FUND | ACCOUNT | |||
| ATTN LINDSAY OTOOLE | ||||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| C | DELAWARE | MLPF&S FOR THE SOLE | 84,202.671 | 23.97% |
| STRATEGIC | BENEFIT OF ITS CUSTOMERS | |||
| INCOME FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 |
| C | DELAWARE | NATIONAL FINANCIAL | 29,717.505 | 8.46% |
| STRATEGIC | SERVICES LLC | |||
| INCOME FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| C | DELAWARE | PERSHING LLC | 71,345.880 | 20.31% |
| STRATEGIC | 1 PERSHING PLAZA | |||
| INCOME FUND | JERSEY CITY NJ 07399-0002 | |||
| C | DELAWARE | RAYMOND JAMES | 26,996.939 | 7.68% |
| STRATEGIC | OMNIBUS FOR MUTUAL FUNDS | |||
| INCOME FUND | ATTN COURTNEY WALLER | |||
| 880 CARILLON PARKWAY | ||||
| ST PETERSBURG FL 33713 | ||||
| I | DELAWARE | SEI PRIVATE TRUST COMPANY | 849,220.318 | 41.45% |
| STRATEGIC | C/O REGIONS | |||
| INCOME FUND | 1 FREEDOM VALLEY DRIVE | |||
| OAKS PA 19456 | ||||
| I | DELAWARE | AMERICAN ENTERPRISE | 120,904.259 | 5.90% |
| STRATEGIC | INVESTMENT SVC | |||
| INCOME FUND | 707 2ND AVE SOUTH | |||
| MINNEAPOLIS MN 55402-2405 | ||||
| I | DELAWARE | NATIONAL FINANCIAL | 157,600.370 | 7.69% |
| STRATEGIC | SERVICES LLC | |||
| INCOME FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE | LINCOLN RETIREMENT | 201,837.873 | 9.85% |
| STRATEGIC | SERVICES CO | |||
| INCOME FUND | FBO MMH INC RETIREMENT | |||
| PLAN | ||||
| P.O. BOX 7876 | ||||
| FORT WAYNE IN 46801-7876 | ||||
| I | DELAWARE | MATRIX TRUST COMPANY TTEE | 140,395.404 | 6.85% |
| STRATEGIC | FBO EMPLOYERS MUTUAL | |||
| INCOME FUND | CASUALTY COMPANY | |||
| PHOENIX AZ 85072 | ||||
| R | DELAWARE | MLPF&S FOR THE SOLE | 49,405.816 | 9.67% |
| STRATEGIC | BENEFIT OF ITS CUSTOMERS | |||
| INCOME FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 |
| R | DELAWARE | LINCOLN RETIREMENT | 413,481.987 | 80.93% |
| STRATEGIC | SERVICES CO | |||
| INCOME FUND | FBO SANTAFE HEALTHCARE | |||
| P.O. BOX 7876 | ||||
| FORT WAYNE IN 46801 | ||||
| A | DELAWARE | MLPF&S FOR THE SOLE | 3,737,847.731 | 13.12% |
| CORPORATE | BENEFIT OF ITS CUSTOMERS | |||
| BOND FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| A | DELAWARE | NATIONAL FINANCIAL | 5,675,498.928 | 19.92% |
| CORPORATE | SERVICES LLC | |||
| BOND FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE | PERSHING LLC | 2,127,060.455 | 7.46% |
| CORPORATE | 1 PERSHING PLAZA | |||
| BOND FUND | JERSEY CITY NJ 07399-0002 | |||
| A | DELAWARE | WELLS FARGO CLEARING SVCS | 1,627,664.659 | 5.71% |
| CORPORATE | LLC | |||
| BOND FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| C | DELAWARE | MLPF&S FOR THE SOLE | 3,914,954.074 | 32.95% |
| CORPORATE | BENEFIT OF ITS CUSTOMERS | |||
| BOND FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| C | DELAWARE | MORGAN STANLEY SMITH | 1,235,724.298 | 10.40% |
| CORPORATE | BARNEY LLC | |||
| BOND FUND | FOR THE EXCLUSIVE | |||
| BENEFIT OF ITS CUSTOMERS | ||||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| C | DELAWARE | NATIONAL FINANCIAL | 787,930.777 | 6.63% |
| CORPORATE | SERVICES LLC | |||
| BOND FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| C | DELAWARE | PERSHING LLC | 1,027,696.459 | 8.65% |
| CORPORATE | 1 PERSHING PLAZA | |||
| BOND FUND | JERSEY CITY NJ 07399-0002 |
| C | DELAWARE | WELLS FARGO CLEARING SVCS | 2,072,843.558 | 17.45% |
| CORPORATE | LLC | |||
| BOND FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| I | DELAWARE | AMERICAN ENTERPRISE | 6,425,077.895 | 6.44% |
| CORPORATE | INVESTMENT SVC | |||
| BOND FUND | 707 2ND AVE SOUTH | |||
| MINNEAPOLIS MN 55402-2405 | ||||
| I | DELAWARE | MLPF&S FOR THE SOLE | 50,348,778.770 | 50.46% |
| CORPORATE | BENEFIT OF ITS CUSTOMERS | |||
| BOND FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| I | DELAWARE | NATIONAL FINANCIAL | 6,877,883.309 | 6.89% |
| CORPORATE | SERVICES LLC | |||
| BOND FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE | UBS WM USA | 9,562,406.935 | 9.58% |
| CORPORATE | SPEC CDY A/C EXL BEN | |||
| BOND FUND | CUSTOMERS OF UBSFSI | |||
| 1000 HARBOR BLVD | ||||
| WEEHAWKEN NJ 07086 | ||||
| R | DELAWARE | MLPF&S FOR THE SOLE | 410,262.690 | 14.28% |
| CORPORATE | BENEFIT OF ITS CUSTOMERS | |||
| BOND FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| R | DELAWARE | DCGT TTEE | 1,686,186.549 | 58.71% |
| CORPORATE | CUST FBO PLIC VARIOUS | |||
| BOND FUND | RETIREMENT PLANS OMNIBUS | |||
| ATTN NPIO TRADE DESK | ||||
| 711 HIGH STREET | ||||
| DES MOINES IA 50392 | ||||
| R6 | DELAWARE | DELAWARE MANAGEMENT | 362.443 | 100.00% |
| CORPORATE | BUSINESS TRUST-DIA | |||
| BOND FUND | ATTN: RICK SALUS | |||
| 2005 MARKET ST FL 9 | ||||
| PHILADELPHIA PA 19103-7007 | ||||
| A | DELAWARE | MASSACHUSETTS MUTUAL LIFE | 4,921,633.613 | 25.56% |
| EXTENDED | INS CO | |||
| DURATION BOND | 1295 STATE STREET - MIP C105 | |||
| FUND | SPRINGFIELD MA 01111-0001 |
| A | DELAWARE | MLPF&S FOR THE SOLE | 1,105,087.349 | 5.74% |
| EXTENDED | BENEFIT OF ITS CUSTOMERS | |||
| DURATION BOND | ATTENTION: FUND ADMIN | |||
| FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 | ||||
| A | DELAWARE | NATIONAL FINANCIAL | 2,804,874.159 | 14.57% |
| EXTENDED | SERVICES LLC | |||
| DURATION BOND | FBO OUR CUSTOMERS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE | PERSHING LLC | 1,027,630.558 | 5.34% |
| EXTENDED | 1 PERSHING PLAZA | |||
| DURATION BOND | JERSEY CITY NJ 07399-0002 | |||
| FUND | ||||
| A | DELAWARE | FIRST STATE TRUST COMPANY | 1,677,185.974 | 8.71% |
| EXTENDED | DELAWARE CORPORATE | |||
| DURATION BOND | CENTER I | |||
| FUND | 1 RIGHTER PARKWAY STE 120 | |||
| WLIMINGTON DE 19803 | ||||
| A | DELAWARE | DCGT TTEE | 1,845,238.851 | 9.58% |
| EXTENDED | CUST FBO PLIC VARIOUS | |||
| DURATION BOND | RETIREMENT PLANS OMNIBUS | |||
| FUND | ATTN NPIO TRADE DESK | |||
| 711 HIGH STREET | ||||
| DES MOINES IA 50392 | ||||
| C | DELAWARE | AMERICAN ENTERPRISE | 193,198.812 | 8.85% |
| EXTENDED | INVESTMENT SVC | |||
| DURATION BOND | 707 2ND AVE SOUTH | |||
| FUND | MINNEAPOLIS MN 55402-2405 | |||
| C | DELAWARE | CHARLES SCHWAB & CO INC | 145,649.580 | 6.67% |
| EXTENDED | SPEC CUSTODY ACCT FOR THE | |||
| DURATION BOND | EXCL BNFT OF CUSTS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| 211 MAIN ST | ||||
| SAN FRANCISCO CA 94105- | ||||
| 1905 | ||||
| C | DELAWARE | LPL FINANCIAL | 141,796.566 | 6.50% |
| EXTENDED | OMNIBUS CUSTOMER | |||
| DURATION BOND | ACCOUNT | |||
| FUND | ATTN LINDSAY OTOOLE | |||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| C | DELAWARE | MLPF&S FOR THE SOLE | 290,164.176 | 13.29% |
| EXTENDED | BENEFIT OF ITS CUSTOMERS | |||
| DURATION BOND | ATTENTION: FUND ADMIN | |||
| FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 |
| C | DELAWARE | MORGAN STANLEY SMITH | 238,459.714 | 10.92% |
| EXTENDED | BARNEY LLC | |||
| DURATION BOND | FOR THE EXCLUSIVE | |||
| FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| C | DELAWARE | NATIONAL FINANCIAL | 362,916.209 | 16.63% |
| EXTENDED | SERVICES LLC | |||
| DURATION BOND | FBO OUR CUSTOMERS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| C | DELAWARE | PERSHING LLC | 220,157.161 | 10.09% |
| EXTENDED | 1 PERSHING PLAZA | |||
| DURATION BOND | JERSEY CITY NJ 07399-0002 | |||
| FUND | ||||
| C | DELAWARE | WELLS FARGO CLEARING SVCS | 294,516.098 | 13.49% |
| EXTENDED | LLC | |||
| DURATION BOND | SPECIAL CUSTODY ACCT FOR | |||
| FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| I | DELAWARE | MASSACHUSETTS MUTUAL LIFE | 5,070,777.334 | 7.53% |
| EXTENDED | INS CO | |||
| DURATION BOND | 1295 STATE STREET - MIP C105 | |||
| FUND | SPRINGFIELD MA 01111-0001 | |||
| I | DELAWARE | MAC & CO | 3,939,692.851 | 5.85% |
| EXTENDED | ATTN MUTUAL FUND OPS | |||
| DURATION BOND | 500 GRANT STREET - ROOM | |||
| FUND | 151-1010 | |||
| PITTSBURGH PA 15258 | ||||
| I | DELAWARE | CHARLES SCHWAB & CO INC | 6,817,926.645 | 10.13% |
| EXTENDED | SPEC CUSTODY ACCT FOR THE | |||
| DURATION BOND | EXCL BNFT OF CUSTS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| 211 MAIN ST | ||||
| SAN FRANCISCO CA 94105- | ||||
| 1905 | ||||
| I | DELAWARE | NATIONAL FINANCIAL | 12,132,833.402 | 18.02% |
| EXTENDED | SERVICES LLC | |||
| DURATION BOND | FBO OUR CUSTOMERS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE | TD AMERITRADE | 3,767,797.352 | 5.60% |
| EXTENDED | FBO THE AMERICAN SOCIETY | |||
| DURATION BOND | OF MECHANICAL ENGINEERS | |||
| FUND | PENSION TRUST UA MAR | |||
| WILLIAM GAROFALO TR | ||||
| LITTLE FALLS NJ 07424 |
| I | DELAWARE | DCGT TTEE | 8,766,650.610 | 13.02% |
| EXTENDED | CUST FBO PLIC VARIOUS | |||
| DURATION BOND | RETIREMENT PLANS OMNIBUS | |||
| FUND | ATTN NPIO TRADE DESK | |||
| 711 HIGH STREET | ||||
| DES MOINES IA 50392 | ||||
| R | DELAWARE | MASSACHUSETTS MUTUAL LIFE | 129,718.194 | 7.01% |
| EXTENDED | INSURANCE COMPANY | |||
| DURATION BOND | 1295 STATE STREET - MIP C105 | |||
| FUND | SPRINGFIELD MA 01111-0001 | |||
| R | DELAWARE | MASSACHUSETTS MUTUAL LIFE | 202,473.697 | 10.94% |
| EXTENDED | INSURANCE COMPANY | |||
| DURATION BOND | 1295 STATE STREET - MIP M200- | |||
| FUND | INVST | |||
| SPRINGFIELD MA 01111 | ||||
| R | DELAWARE | HARTFORD LIFE INSURANCE | 356,659.773 | 19.26% |
| EXTENDED | CO | |||
| DURATION BOND | SEPARATE ACCOUNTS | |||
| FUND | ATTN UIT OPERATIONS | |||
| PO BOX 2999 | ||||
| HARTFORD CT 06104-2999 | ||||
| R | DELAWARE | VOYA RETIREMENT INSURANCE | 414,863.178 | 22.41% |
| EXTENDED | AND ANNUITY COMPANY | |||
| DURATION BOND | 1 ORANGE WAY | |||
| FUND | WINDSOR CT 06095-4773 | |||
| R | DELAWARE | DCGT TTEE | 210,364.098 | 11.36% |
| EXTENDED | CUST FBO PLIC VARIOUS | |||
| DURATION BOND | RETIREMENT PLANS OMNIBUS | |||
| FUND | ATTN NPIO TRADE DESK | |||
| 711 HIGH STREET | ||||
| DES MOINES IA 50392 | ||||
| R6 | DELAWARE | WELLS FARGO BANK NA | 624,336.769 | 8.81% |
| EXTENDED | FBO TORO COMPANY WHEEL | |||
| DURATION BOND | HORSE RETIREMENT PLAN | |||
| FUND | PO BOX 1533 | |||
| MINNEAPOLIS MN 55480 | ||||
| R6 | DELAWARE | JOHN HANCOCK TRUST | 6,387,579.568 | 90.18% |
| EXTENDED | COMPANY LLC | |||
| DURATION BOND | 690 CANTON ST SUITE 100 | |||
| FUND | WESTWOOD MA 02090 | |||
| A | DELAWARE | CHARLES SCHWAB & CO INC | 378,166.919 | 7.83% |
| FLOATING RATE | SPEC CUSTODY ACCT FOR THE | |||
| FUND | EXCL BNFT OF CUSTS | |||
| ATTN MUTUAL FUNDS | ||||
| 211 MAIN ST | ||||
| SAN FRANCISCO CA 94105- | ||||
| 1905 |
| A | DELAWARE | LPL FINANCIAL | 580,358.924 | 12.01% |
| FLOATING RATE | OMNIBUS CUSTOMER | |||
| FUND | ACCOUNT | |||
| ATTN LINDSAY OTOOLE | ||||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| A | DELAWARE | MLPF&S FOR THE SOLE | 722,437.313 | 14.95% |
| FLOATING RATE | BENEFIT OF ITS CUSTOMERS | |||
| FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| A | DELAWARE | MORGAN STANLEY SMITH | 379,909.632 | 7.86% |
| FLOATING RATE | BARNEY LLC | |||
| FUND | FOR THE EXCLUSIVE | |||
| BENEFIT OF ITS CUSTOMERS | ||||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| A | DELAWARE | NATIONAL FINANCIAL | 864,518.186 | 17.89% |
| FLOATING RATE | SERVICES LLC | |||
| FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE | PERSHING LLC | 315,168.060 | 6.52% |
| FLOATING RATE | 1 PERSHING PLAZA | |||
| FUND | JERSEY CITY NJ 07399-0002 | |||
| A | DELAWARE | UBS WM USA | 335,775.107 | 6.95% |
| FLOATING RATE | SPEC CDY A/C EXL BEN | |||
| FUND | CUSTOMERS OF UBSFSI | |||
| 1000 HARBOR BLVD | ||||
| WEEHAWKEN NJ 07086 | ||||
| C | DELAWARE | LPL FINANCIAL | 160,352.548 | 5.06% |
| FLOATING RATE | OMNIBUS CUSTOMER | |||
| FUND | ACCOUNT | |||
| ATTN LINDSAY OTOOLE | ||||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| C | DELAWARE | MLPF&S FOR THE SOLE | 647,233.509 | 20.41% |
| FLOATING RATE | BENEFIT OF ITS CUSTOMERS | |||
| FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| C | DELAWARE | MORGAN STANLEY SMITH | 323,120.742 | 10.19% |
| FLOATING RATE | BARNEY LLC | |||
| FUND | FOR THE EXCLUSIVE | |||
| BENEFIT OF ITS CUSTOMERS | ||||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 |
| C | DELAWARE | NATIONAL FINANCIAL | 258,489.774 | 8.15% |
| FLOATING RATE | SERVICES LLC | |||
| FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| C | DELAWARE | RAYMOND JAMES | 419,382.862 | 13.23% |
| FLOATING RATE | OMNIBUS FOR MUTUAL FUNDS | |||
| FUND | ATTN COURTNEY WALLER | |||
| 880 CARILLON PARKWAY | ||||
| ST PETERSBURG FL 33713 | ||||
| C | DELAWARE | UBS WM USA | 262,786.960 | 8.29% |
| FLOATING RATE | SPEC CDY A/C EXL BEN | |||
| FUND | CUSTOMERS OF UBSFSI | |||
| 1000 HARBOR BLVD | ||||
| WEEHAWKEN NJ 07086 | ||||
| C | DELAWARE | WELLS FARGO CLEARING SVCS | 629,601.968 | 19.86% |
| FLOATING RATE | LLC | |||
| FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| I | DELAWARE | CHARLES SCHWAB & CO INC | 679,314.725 | 6.35% |
| FLOATING RATE | SPEC CUSTODY ACCT FOR THE | |||
| FUND | EXCL BNFT OF CUSTS | |||
| ATTN MUTUAL FUNDS | ||||
| 211 MAIN ST | ||||
| SAN FRANCISCO CA 94105- | ||||
| 1905 | ||||
| I | DELAWARE | MLPF&S FOR THE SOLE | 1,200,380.525 | 11.23% |
| FLOATING RATE | BENEFIT OF ITS CUSTOMERS | |||
| FUND | ATTENTION: FUND ADMIN | |||
| 4800 DEER LAKE DR E FL2 | ||||
| JACKSONVILLE FL 32246 | ||||
| I | DELAWARE | MORGAN STANLEY SMITH | 3,633,052.114 | 33.98% |
| FLOATING RATE | BARNEY LLC | |||
| FUND | FOR THE EXCLUSIVE | |||
| BENEFIT OF ITS CUSTOMERS | ||||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| I | DELAWARE | NATIONAL FINANCIAL | 1,137,766.648 | 10.64% |
| FLOATING RATE | SERVICES LLC | |||
| FUND | FBO OUR CUSTOMERS | |||
| ATTN MUTUAL FUNDS | ||||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE | UBS WM USA | 1,235,199.873 | 11.55% |
| FLOATING RATE | SPEC CDY A/C EXL BEN | |||
| FUND | CUSTOMERS OF UBSFSI | |||
| 1000 HARBOR BLVD | ||||
| WEEHAWKEN NJ 07086 |
| I | DELAWARE | WELLS FARGO CLEARING SVCS | 858,714.664 | 8.03% |
| FLOATING RATE | LLC | |||
| FUND | SPECIAL CUSTODY ACCT FOR | |||
| THE EXCLUSIVE BENEFIT OF | ||||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| R | DELAWARE | MACQUARIE MANAGEMENT | 737.250 | 10.10% |
| FLOATING RATE | HOLDINGS INC | |||
| FUND | C/O RICK SALUS | |||
| 2005 MARKET ST | ||||
| PHILADELPHIA PA 19103-7028 | ||||
| R | DELAWARE | PERSHING LLC | 5,355.653 | 73.34% |
| FLOATING RATE | 1 PERSHING PLAZA | |||
| FUND | JERSEY CITY NJ 07399-0002 | |||
| R | DELAWARE | PAI TRUST COMPANY INC. | 1,030.864 | 14.12% |
| FLOATING RATE | HAZEL FARMERS ELEVATOR | |||
| FUND | 401(K) PROFIT SHARING PLAN | |||
| 1300 ENTERPRISE DRIVE | ||||
| DE PERE WI 54115 | ||||
| A | DELAWARE HIGH- | CHARLES SCHWAB & CO INC | 1,683,228.145 | 5.14% |
| YIELD | SPEC CUSTODY ACCT FOR THE | |||
| OPPORTUNITIES | EXCL BNFT OF CUSTS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| 211 MAIN ST | ||||
| SAN FRANCISCO CA 94105- | ||||
| 1905 | ||||
| A | DELAWARE HIGH- | LPL FINANCIAL | 1,705,421.359 | 5.21% |
| YIELD | OMNIBUS CUSTOMER | |||
| OPPORTUNITIES | ACCOUNT | |||
| FUND | ATTN LINDSAY OTOOLE | |||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| A | DELAWARE HIGH- | NATIONAL FINANCIAL | 4,398,927.908 | 13.43% |
| YIELD | SERVICES LLC | |||
| OPPORTUNITIES | FBO OUR CUSTOMERS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE HIGH- | PERSHING LLC | 2,081,165.986 | 6.35% |
| YIELD | 1 PERSHING PLAZA | |||
| OPPORTUNITIES | JERSEY CITY NJ 07399-0002 | |||
| FUND | ||||
| A | DELAWARE HIGH- | WELLS FARGO CLEARING SVCS | 2,589,146.439 | 7.90% |
| YIELD | LLC | |||
| OPPORTUNITIES | SPECIAL CUSTODY ACCT FOR | |||
| FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 |
| C | DELAWARE HIGH- | AMERICAN ENTERPRISE | 362,605.775 | 6.23% |
| YIELD | INVESTMENT SVC | |||
| OPPORTUNITIES | 707 2ND AVE SOUTH | |||
| FUND | MINNEAPOLIS MN 55402-2405 | |||
| C | DELAWARE HIGH- | LPL FINANCIAL | 1,120,636.247 | 19.27% |
| YIELD | OMNIBUS CUSTOMER | |||
| OPPORTUNITIES | ACCOUNT | |||
| FUND | ATTN LINDSAY OTOOLE | |||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| C | DELAWARE HIGH- | MORGAN STANLEY SMITH | 407,124.108 | 7.00% |
| YIELD | BARNEY LLC | |||
| OPPORTUNITIES | FOR THE EXCLUSIVE | |||
| FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| C | DELAWARE HIGH- | NATIONAL FINANCIAL | 1,237,519.202 | 21.28% |
| YIELD | SERVICES LLC | |||
| OPPORTUNITIES | FBO OUR CUSTOMERS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| C | DELAWARE HIGH- | PERSHING LLC | 315,975.599 | 5.43% |
| YIELD | 1 PERSHING PLAZA | |||
| OPPORTUNITIES | JERSEY CITY NJ 07399-0002 | |||
| FUND | ||||
| C | DELAWARE HIGH- | RAYMOND JAMES | 452,521.350 | 7.78% |
| YIELD | OMNIBUS FOR MUTUAL FUNDS | |||
| OPPORTUNITIES | ATTN COURTNEY WALLER | |||
| FUND | 880 CARILLON PARKWAY | |||
| ST PETERSBURG FL 33713 | ||||
| C | DELAWARE HIGH- | WELLS FARGO CLEARING SVCS | 799,368.395 | 13.74% |
| YIELD | LLC | |||
| OPPORTUNITIES | SPECIAL CUSTODY ACCT FOR | |||
| FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| I | DELAWARE HIGH- | LPL FINANCIAL | 1,268,028.111 | 10.56% |
| YIELD | OMNIBUS CUSTOMER | |||
| OPPORTUNITIES | ACCOUNT | |||
| FUND | ATTN LINDSAY OTOOLE | |||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| I | DELAWARE HIGH- | MORGAN STANLEY SMITH | 722,629.421 | 6.02% |
| YIELD | BARNEY LLC | |||
| OPPORTUNITIES | FOR THE EXCLUSIVE | |||
| FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 |
| I | DELAWARE HIGH- | NATIONAL FINANCIAL | 1,832,738.524 | 15.27% |
| YIELD | SERVICES LLC | |||
| OPPORTUNITIES | FBO OUR CUSTOMERS | |||
| FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE HIGH- | UBS WM USA | 1,841,929.017 | 15.34% |
| YIELD | SPEC CDY A/C EXL BEN | |||
| OPPORTUNITIES | CUSTOMERS OF UBSFSI | |||
| FUND | 1000 HARBOR BLVD | |||
| WEEHAWKEN NJ 07086 | ||||
| I | DELAWARE HIGH- | WELLS FARGO CLEARING SVCS | 805,425.679 | 6.71% |
| YIELD | LLC | |||
| OPPORTUNITIES | SPECIAL CUSTODY ACCT FOR | |||
| FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| I | DELAWARE HIGH- | LINCOLN RETIREMENT | 700,150.037 | 5.83% |
| YIELD | SERVICES CO | |||
| OPPORTUNITIES | FBO MMH INC RETIREMENT | |||
| FUND | PLAN | |||
| P.O. BOX 7876 | ||||
| FORT WAYNE IN 46801-7876 | ||||
| R | DELAWARE HIGH- | MLPF&S FOR THE SOLE | 170,774.477 | 13.32% |
| YIELD | BENEFIT OF ITS CUSTOMERS | |||
| OPPORTUNITIES | ATTENTION: FUND ADMIN | |||
| FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 | ||||
| R | DELAWARE HIGH- | VOYA RETIREMENT INSURANCE | 214,213.571 | 16.71% |
| YIELD | AND ANNUITY COMPANY | |||
| OPPORTUNITIES | 1 ORANGE WAY | |||
| FUND | WINDSOR CT 06095-4773 | |||
| R | DELAWARE HIGH- | DCGT TTEE | 79,660.811 | 6.21% |
| YIELD | CUST FBO PLIC VARIOUS | |||
| OPPORTUNITIES | RETIREMENT PLANS OMNIBUS | |||
| FUND | ATTN NPIO TRADE DESK | |||
| 711 HIGH STREET | ||||
| DES MOINES IA 50392 | ||||
| A | DELAWARE | LPL FINANCIAL | 987,766.696 | 5.75% |
| LIMITED-TERM | OMNIBUS CUSTOMER | |||
| DIVERSIFIED | ACCOUNT | |||
| INCOME FUND | ATTN LINDSAY OTOOLE | |||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| A | DELAWARE | MLPF&S FOR THE SOLE | 1,559,424.413 | 9.08% |
| LIMITED-TERM | BENEFIT OF ITS CUSTOMERS | |||
| DIVERSIFIED | ATTENTION: FUND ADMIN | |||
| INCOME FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 |
| A | DELAWARE | MORGAN STANLEY SMITH | 1,767,562.995 | 10.29% |
| LIMITED-TERM | BARNEY LLC | |||
| DIVERSIFIED | FOR THE EXCLUSIVE | |||
| INCOME FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| A | DELAWARE | NATIONAL FINANCIAL | 1,871,670.120 | 10.90% |
| LIMITED-TERM | SERVICES LLC | |||
| DIVERSIFIED | FBO OUR CUSTOMERS | |||
| INCOME FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| A | DELAWARE | UBS WM USA | 1,189,501.867 | 6.93% |
| LIMITED-TERM | SPEC CDY A/C EXL BEN | |||
| DIVERSIFIED | CUSTOMERS OF UBSFSI | |||
| INCOME FUND | 1000 HARBOR BLVD | |||
| WEEHAWKEN NJ 07086 | ||||
| A | DELAWARE | WELLS FARGO CLEARING SVCS | 1,550,463.954 | 9.03% |
| LIMITED-TERM | LLC | |||
| DIVERSIFIED | SPECIAL CUSTODY ACCT FOR | |||
| INCOME FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| C | DELAWARE | MLPF&S FOR THE SOLE | 1,151,101.092 | 17.86% |
| LIMITED-TERM | BENEFIT OF ITS CUSTOMERS | |||
| DIVERSIFIED | ATTENTION: FUND ADMIN | |||
| INCOME FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 | ||||
| C | DELAWARE | MORGAN STANLEY SMITH | 912,868.897 | 14.17% |
| LIMITED-TERM | BARNEY LLC | |||
| DIVERSIFIED | FOR THE EXCLUSIVE | |||
| INCOME FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| C | DELAWARE | NATIONAL FINANCIAL | 653,892.791 | 10.15% |
| LIMITED-TERM | SERVICES LLC | |||
| DIVERSIFIED | FBO OUR CUSTOMERS | |||
| INCOME FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| C | DELAWARE | UBS WM USA | 981,900.388 | 15.24% |
| LIMITED-TERM | SPEC CDY A/C EXL BEN | |||
| DIVERSIFIED | CUSTOMERS OF UBSFSI | |||
| INCOME FUND | 1000 HARBOR BLVD | |||
| WEEHAWKEN NJ 07086 | ||||
| C | DELAWARE | WELLS FARGO CLEARING SVCS | 1,276,071.650 | 19.80% |
| LIMITED-TERM | LLC | |||
| DIVERSIFIED | SPECIAL CUSTODY ACCT FOR | |||
| INCOME FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 |
| I | DELAWARE | LPL FINANCIAL | 3,888,150.669 | 11.88% |
| LIMITED-TERM | OMNIBUS CUSTOMER | |||
| DIVERSIFIED | ACCOUNT | |||
| INCOME FUND | ATTN LINDSAY OTOOLE | |||
| 4707 EXECUTIVE DRIVE | ||||
| SAN DIEGO CA 92121 | ||||
| I | DELAWARE | MLPF&S FOR THE SOLE | 5,090,167.105 | 15.55% |
| LIMITED-TERM | BENEFIT OF ITS CUSTOMERS | |||
| DIVERSIFIED | ATTENTION: FUND ADMIN | |||
| INCOME FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 | ||||
| I | DELAWARE | MORGAN STANLEY SMITH | 3,350,343.794 | 10.24% |
| LIMITED-TERM | BARNEY LLC | |||
| DIVERSIFIED | FOR THE EXCLUSIVE | |||
| INCOME FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 | ||||
| I | DELAWARE | NATIONAL FINANCIAL | 3,454,772.600 | 10.56% |
| LIMITED-TERM | SERVICES LLC | |||
| DIVERSIFIED | FBO OUR CUSTOMERS | |||
| INCOME FUND | ATTN MUTUAL FUNDS | |||
| DEPARTMENT | ||||
| 499 WASHINGTON BLVD FL4 | ||||
| JERSEY CITY NJ 07310 | ||||
| I | DELAWARE | RAYMOND JAMES | 3,281,801.143 | 10.03% |
| LIMITED-TERM | OMNIBUS FOR MUTUAL FUNDS | |||
| DIVERSIFIED | ATTN COURTNEY WALLER | |||
| INCOME FUND | 880 CARILLON PARKWAY | |||
| ST PETERSBURG FL 33713 | ||||
| I | DELAWARE | UBS WM USA | 8,271,053.275 | 25.27% |
| LIMITED-TERM | SPEC CDY A/C EXL BEN | |||
| DIVERSIFIED | CUSTOMERS OF UBSFSI | |||
| INCOME FUND | 1000 HARBOR BLVD | |||
| WEEHAWKEN NJ 07086 | ||||
| I | DELAWARE | WELLS FARGO CLEARING SVCS | 1,662,429.207 | 5.08% |
| LIMITED-TERM | LLC | |||
| DIVERSIFIED | SPECIAL CUSTODY ACCT FOR | |||
| INCOME FUND | THE EXCLUSIVE BENEFIT OF | |||
| CUSTOMER | ||||
| 2801 MARKET ST | ||||
| SAINT LOUIS MO 63103-2523 | ||||
| R | DELAWARE | MLPF&S FOR THE SOLE | 94,278.260 | 35.67% |
| LIMITED-TERM | BENEFIT OF ITS CUSTOMERS | |||
| DIVERSIFIED | ATTENTION: FUND ADMIN | |||
| INCOME FUND | 4800 DEER LAKE DR E FL2 | |||
| JACKSONVILLE FL 32246 | ||||
| R | DELAWARE | MORGAN STANLEY SMITH | 15,458.757 | 5.85% |
| LIMITED-TERM | BARNEY LLC | |||
| DIVERSIFIED | FOR THE EXCLUSIVE | |||
| INCOME FUND | BENEFIT OF ITS CUSTOMERS | |||
| 1 NEW YORK PLAZA FL 12 | ||||
| NEW YORK NY 10004 |
| R | DELAWARE | MID ATLANTIC TRUST | 52,616.024 | 19.91% |
| LIMITED-TERM | COMPANY | |||
| DIVERSIFIED | FBO MILAN SUPPLY COMPANY | |||
| INCOME FUND | 1251 WATERFRONT PLACE STE | |||
| 525 | ||||
| PITTSBURGH PA 15222 | ||||
| R | DELAWARE | LINCOLN NATIONAL LIFE | 27,348.079 | 10.35% |
| LIMITED-TERM | INSURANCE COMPANY | |||
| DIVERSIFIED | 1300 S CLINTON ST | |||
| INCOME FUND | FORT WAYNE IN 46802 | |||
| R6 | DELAWARE | LINCOLN RETIREMENT | 164,812.875 | 52.43% |
| LIMITED-TERM | SERVICES CO | |||
| DIVERSIFIED | FBO MACQUARIE HOLDINGS | |||
| INCOME FUND | USA INC 401A | |||
| PO BOX 7876 | ||||
| FORT WAYNE IN 46801-7876 | ||||
| R6 | DELAWARE | JOHN HANCOCK TRUST | 126,124.514 | 40.12% |
| LIMITED-TERM | COMPANY LLC | |||
| DIVERSIFIED | 690 CANTON ST SUITE 100 | |||
| INCOME FUND | WESTWOOD MA 02090 | |||
| R6 | DELAWARE | LINCOLN RETIREMENT | 21,087.635 | 6.71% |
| LIMITED-TERM | SERVICES CO | |||
| DIVERSIFIED | FBO MMH INC EMPLOYEES | |||
| INCOME FUND | SAVINGS & 401K PLAN | |||
| PO BOX 7876 | ||||
| FORT WAYNE IN 46801 |
DELAWARE GROUP® ADVISER FUNDS
DELAWARE DIVERSIFIED INCOME FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Diversified Income Fund (the “Fund”), a series of Delaware Group Adviser Funds (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 3, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® GOVERNMENT FUND
DELAWARE EMERGING MARKETS DEBT FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Emerging Markets Debt Fund (the “Fund”), a series of Delaware Group Government Fund (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® GOVERNMENT FUND
DELAWARE STRATEGIC INCOME FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Strategic Income Fund (the “Fund”), a series of Delaware Group Government Fund (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® INCOME FUNDS
DELAWARE CORPORATE BOND FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Corporate Bond Fund (the “Fund”), a series of Delaware Group Income Funds (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® INCOME FUNDS
DELAWARE EXTENDED DURATION BOND FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Extended Duration Bond Fund (the “Fund”), a series of Delaware Group Income Funds (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® INCOME FUNDS
DELAWARE FLOATING RATE FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Floating Rate Fund (the “Fund”), a series of Delaware Group Income Funds (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® INCOME FUNDS
DELAWARE HIGH-YIELD OPPORTUNITIES FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware High-Yield Opportunities Fund (the “Fund”), a series of Delaware Group Income Funds (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
DELAWARE GROUP® LIMITED-TERM GOVERNMENT FUNDS
DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND
2005 Market Street
Philadelphia, PA 19103-7094
NOTICE OF INTERNET AVAILABILITY
OF JOINT INFORMATION STATEMENT
This communication presents only an overview of the more complete Joint Information Statement that is available to you on the Internet or by mail relating to Delaware Limited-Term Diversified Income Fund (the “Fund”), a series of Delaware Group Limited-Term Government Funds (the “Trust”). We encourage you to access and review all of the important information contained in the Joint Information Statement, available online at: delawarefunds.com/literature.
The Joint Information Statement details the approval of sub-advisors, Macquarie Investment Management Austria Kapitalanlage AG (“MIMAK”), Macquarie Investment Management Europe Limited (“MIMEL”), and Macquarie Investment Management Global Limited (“MIMGL”), to provide certain sub-advisory services to the Fund. A more detailed description of MIMAK, MIMEL, and MIMGL and their businesses, information about the sub-advisory agreements with MIMAK, MIMEL, and MIMGL, and the reasons the Board of Trustees (the “Board”) of the Trust approved MIMAK, MIMEL, and MIMGL as sub-advisors, are included in the Joint Information Statement. MIMAK, MIMEL, and MIMGL are affiliates of Delaware Management Company (the “Manager”), the investment manager to each series of the Trust, including the Fund.
The Manager employs a “manager of managers” arrangement in managing the assets of the Trust. In connection therewith, the Trust and the Manager have received an exemptive order from the U.S. Securities and Exchange Commission (the “SEC Order”), which permits the Manager, with the approval of the Board, to hire, terminate, or replace sub-advisors who are affiliated or unaffiliated with the Trust or the Manager, and to enter into and modify material terms and conditions of the related sub-advisory agreements without shareholder approval.
Pursuant to the SEC Order, this Notice of Internet Availability of Joint Information Statement is being mailed beginning on or about June 28, 2019 to shareholders of record of the Fund as of June 13, 2019. The full Joint Information Statement is available on the Fund’s website at delawarefunds.com/literature on or about June 28, 2019 until at least Dec. 31, 2019. A paper or e-mail copy of the full Joint Information Statement may be obtained, without charge, by contacting your financial intermediary, or calling the Delaware Funds® by Macquarie Service Center at 800 523-1918.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.