0001137439-20-000474.txt : 20200529 0001137439-20-000474.hdr.sgml : 20200529 20200529161516 ACCESSION NUMBER: 0001137439-20-000474 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200529 DATE AS OF CHANGE: 20200529 EFFECTIVENESS DATE: 20200529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS IV CENTRAL INDEX KEY: 0000778108 IRS NUMBER: 232369628 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-00442 FILM NUMBER: 20927913 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS IV INC DATE OF NAME CHANGE: 19970128 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP DELCAP FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELCAP FUND INC DATE OF NAME CHANGE: 19880929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS I CENTRAL INDEX KEY: 0000027801 IRS NUMBER: 261651457 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-10765 FILM NUMBER: 20927930 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS I INC DATE OF NAME CHANGE: 19970604 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP DELAWARE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE FUND INC DATE OF NAME CHANGE: 19880718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS II CENTRAL INDEX KEY: 0000027574 IRS NUMBER: 232448660 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-13017 FILM NUMBER: 20927929 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS II INC DATE OF NAME CHANGE: 19970730 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP DECATUR FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DECATUR FUND INC DATE OF NAME CHANGE: 19880808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP INCOME FUNDS CENTRAL INDEX KEY: 0000027825 IRS NUMBER: 232869117 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-37707 FILM NUMBER: 20927924 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP INCOME FUNDS INC DATE OF NAME CHANGE: 19961202 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP DELCHESTER HIGH YIELD BOND FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELCHESTER BOND FUND INC DATE OF NAME CHANGE: 19880718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP STATE TAX-FREE INCOME TRUST CENTRAL INDEX KEY: 0000201670 IRS NUMBER: 232021993 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57791 FILM NUMBER: 20927923 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18002552139 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP STATE TAX FREE INCOME TRUST/PA/ DATE OF NAME CHANGE: 19980423 FORMER COMPANY: FORMER CONFORMED NAME: DMC TAX FREE INCOME TRUST PA DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP CASH RESERVE CENTRAL INDEX KEY: 0000230173 IRS NUMBER: 232059574 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-60770 FILM NUMBER: 20927931 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP CASH RESERVE /DE/ DATE OF NAME CHANGE: 20000526 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP CASH RESERVE INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP CASH RESERVE DATE OF NAME CHANGE: 19920527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS CENTRAL INDEX KEY: 0000357059 IRS NUMBER: 232448704 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-75526 FILM NUMBER: 20927914 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP LIMITED TERM GOVERNMENT FUNDS DATE OF NAME CHANGE: 19991223 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP LIMITED TERM GOVERNMENT FUNDS INC DATE OF NAME CHANGE: 19950828 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP TREASURY RESERVES INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP TAX FREE FUND CENTRAL INDEX KEY: 0000728352 IRS NUMBER: 232448684 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-86606 FILM NUMBER: 20927922 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP TAX FREE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DMC TAX FREE INCOME USA INC DATE OF NAME CHANGE: 19890904 FORMER COMPANY: FORMER CONFORMED NAME: DMC TAX FREE BOND FUND INC DATE OF NAME CHANGE: 19831122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR TAX FREE FUNDS CENTRAL INDEX KEY: 0000733362 IRS NUMBER: 411473323 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-87910 FILM NUMBER: 20927917 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA TAX FREE FUNDS INC DATE OF NAME CHANGE: 19910226 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT FLEX FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS III CENTRAL INDEX KEY: 0000763749 IRS NUMBER: 411777915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-95928 FILM NUMBER: 20927918 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MUTUAL FUNDS III /MN/ DATE OF NAME CHANGE: 20020625 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MUTUAL FUNDS III INC /MN/ DATE OF NAME CHANGE: 19940318 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR GROWTH STOCK FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP GOVERNMENT FUND CENTRAL INDEX KEY: 0000769220 IRS NUMBER: 232448685 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-97889 FILM NUMBER: 20927925 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP GOVERNMENT FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INTERMEDIATE TAX FREE FUNDS CENTRAL INDEX KEY: 0000773675 IRS NUMBER: 411522882 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-99266 FILM NUMBER: 20927915 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR INTERMEDIATE TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA INTERMEDIATE TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920305 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT CAPITAL CONSERVATION FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INSURED FUNDS CENTRAL INDEX KEY: 0000809064 IRS NUMBER: 411686735 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11235 FILM NUMBER: 20927916 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR INSURED FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA INSURED FUNDS INC DATE OF NAME CHANGE: 19910926 FORMER COMPANY: FORMER CONFORMED NAME: MINNESOTA INSURED FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS V CENTRAL INDEX KEY: 0000809821 IRS NUMBER: 232450217 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11419 FILM NUMBER: 20927928 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS V INC DATE OF NAME CHANGE: 19970128 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP VALUE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP INSIGHT FUND INC DATE OF NAME CHANGE: 19870621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS II CENTRAL INDEX KEY: 0000809872 IRS NUMBER: 841044878 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11495 FILM NUMBER: 20927919 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC-II DATE OF NAME CHANGE: 19940328 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR COLORADO TAX FREE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COLORADO DOUBLE TAX EXEMPT FUND INC DATE OF NAME CHANGE: 19900625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE POOLED TRUST CENTRAL INDEX KEY: 0000875352 IRS NUMBER: 232651511 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-40991 FILM NUMBER: 20927921 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE POOLED TRUST INC DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS CENTRAL INDEX KEY: 0000875610 IRS NUMBER: 232651520 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-41034 FILM NUMBER: 20927926 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS INC DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS CENTRAL INDEX KEY: 0000906236 IRS NUMBER: 411720518 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-63238 FILM NUMBER: 20927920 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC DATE OF NAME CHANGE: 19930714 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP ADVISER FUNDS CENTRAL INDEX KEY: 0000910682 IRS NUMBER: 521842569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-67490 FILM NUMBER: 20927932 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP ADVISER FUNDS INC /MD/ DATE OF NAME CHANGE: 19961202 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP ADVISER FUNDS INC DATE OF NAME CHANGE: 19960508 FORMER COMPANY: FORMER CONFORMED NAME: LINCOLN ADVISOR FUNDS INC DATE OF NAME CHANGE: 19931203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP FOUNDATION FUNDS CENTRAL INDEX KEY: 0001048133 IRS NUMBER: 232943633 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-38801 FILM NUMBER: 20927927 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19103 0000027574 S000002391 DELAWARE VALUE FUND C000006333 DELAWARE VALUE FUND CLASS A DDVAX C000006335 DELAWARE VALUE FUND CLASS C DDVCX C000006336 DELAWARE VALUE FUND INSTITUTIONAL CLASS DDVIX C000031061 DELAWARE VALUE FUND CLASS R DDVRX C000171459 Class R6 0000027801 S000020812 Delaware Mid Cap Value Fund C000058132 Class A DLMAX C000058133 Class C DLMCX C000058134 Class R DLMRX C000058135 Institutional Class DLMIX 0000027825 S000003921 DELAWARE CORPORATE BOND FUND C000011001 CLASS A DGCAX C000011003 CLASS C DGCCX C000011004 CLASS R DGCRX C000011005 INSTITUTIONAL CLASS DGCIX C000211235 Class R6 DGCZX 0000027825 S000003923 DELAWARE EXTENDED DURATION BOND FUND C000011010 CLASS A DEEAX C000011012 CLASS C DEECX C000011013 CLASS R DEERX C000011014 INSTITUTIONAL CLASS DEEIX C000169262 Class R6 DEZRX 0000027825 S000003924 DELAWARE HIGH-YIELD OPPORTUNITIES FUND C000011015 CLASS A DHOAX C000011017 CLASS C DHOCX C000011018 CLASS R DHIRX C000011019 INSTITUTIONAL CLASS DHOIX 0000027825 S000028004 Delaware Floating Rate Fund C000085181 Class A DDFAX C000085182 Class C DDFCX C000085183 Class R DDFFX C000085184 Institutional Class DDFLX 0000201670 S000002393 DELAWARE TAX-FREE PENNSYLVANIA FUND C000006342 DELAWARE TAX-FREE PENNSYLVANIA FUND CLASS A DELIX C000006344 DELAWARE TAX-FREE PENNSYLVANIA FUND CLASS C DPTCX C000135933 Institutional Class DTPIX 0000230173 S000003913 Delaware Investments Ultrashort Fund C000010967 CLASS C DLTCX C000010968 CLASS A DLTAX C000010969 Class L DLTLX C000162386 Institutional Class DULTX 0000357059 S000002397 DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND C000006359 DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND CLASS A DTRIX C000006361 DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND CLASS C DTICX C000006362 DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND CLASS R DLTRX C000006363 DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND INSTITUTIONAL CLASS DTINX C000190626 DELAWARE LIMITED-TERM DIVERSIFIED INCOME FUND CLASS R6 DLTZX 0000357059 S000065931 Delaware Tax-Exempt Income Fund C000212973 Class A FITAX C000212974 Class R6 FITEX C000212975 Institutional Class FITDX 0000357059 S000065932 Delaware Tax-Exempt Opportunities Fund C000212976 Class R6 EIINX C000212977 Class A EIITX C000212978 Institutional Class EIIAX 0000357059 S000065933 Delaware Tax-Free California II Fund C000212979 Institutional Class FICJX C000212980 Class R6 FICLX C000212981 Class A FICAX 0000357059 S000065934 Delaware Tax-Free New Jersey Fund C000212982 Class R6 FINNX C000212983 Institutional Class FINLX C000212984 Class A FINJX 0000357059 S000065935 Delaware Tax-Free New York II Fund C000212985 Class R6 FNYJX C000212986 Institutional Class FNYHX C000212987 Class A FNYFX 0000357059 S000065936 Delaware Tax-Free Oregon Fund C000212988 Institutional Class FTOTX C000212989 Class A FTORX C000212990 Class R6 FTOUX 0000728352 S000002403 DELAWARE TAX-FREE USA FUND C000006385 DELAWARE TAX-FREE USA FUND CLASS A DMTFX C000006387 DELAWARE TAX-FREE USA FUND CLASS C DUSCX C000074146 Institutional Class DTFIX 0000728352 S000002404 DELAWARE TAX-FREE USA INTERMEDIATE FUND C000006388 DELAWARE TAX-FREE USA INTERMEDIATE FUND CLASS A DMUSX C000006390 DELAWARE TAX-FREE USA INTERMEDIATE FUND CLASS C DUICX C000074147 Institutional Class DUSIX 0000733362 S000002418 DELAWARE TAX-FREE MINNESOTA FUND C000006427 DELAWARE TAX-FREE MINNESOTA FUND CLASS A DEFFX C000006429 DELAWARE TAX-FREE MINNESOTA FUND CLASS C DMOCX C000135932 Institutional class DMNIX 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C000052257 Class A DLHAX C000052258 Class C DLHCX C000052259 Class R DLRHX C000052260 INSTITUTIONAL CLASS DLHIX 0000778108 S000054164 Delaware Small Cap Growth Fund C000170218 Class A DSGDX C000170219 Class C DSGEX C000170220 Class R DSGFX C000170221 Institutional Class DSGGX 0000778108 S000065913 Delaware Covered Call Strategy Fund C000212921 Class R6 FRCEX C000212922 Institutional Class FRCDX C000212923 Class A FRCCX 0000778108 S000065914 Delaware International Fund C000212924 Class A FIINX C000212925 Class R6 FIIQX C000212926 Institutional Class FIIPX 0000778108 S000065915 Delaware International Opportunities Bond Fund C000212927 Class A FIOBX C000212928 Class R6 FIOEX C000212929 Institutional Class FIODX 0000778108 S000065916 Delaware Investment Grade Fund C000212930 Class A FIIGX C000212931 Class R6 FIIKX C000212932 Institutional Class FIIJX 0000778108 S000065917 Delaware Limited Duration Bond Fund C000212933 Institutional Class FLDLX C000212934 Class A FLDKX C000212935 Class R6 FLDMX 0000778108 S000065918 Delaware Opportunity Fund C000212936 Class A FIUSX C000212937 Class R6 FIVVX C000212938 Institutional Class FIVUX 0000778108 S000065919 Delaware Premium Income Fund C000212939 Class A FPIKX C000212940 Class R6 FPIMX C000212941 Institutional Class FPILX 0000778108 S000065920 Delaware Special Situations Fund C000212942 Institutional Class FISTX C000212943 Class A FISSX C000212944 Class R6 FISUX 0000778108 S000065921 Delaware Strategic Income II Fund C000212945 Class A FSIFX C000212946 Institutional Class FSIHX 0000778108 S000065922 Delaware Total Return Fund C000212947 Institutional Class FITUX C000212948 Class R6 FITVX C000212949 Class A FITRX 0000778108 S000065923 Delaware Equity Income Fund C000212950 Class A FIUTX C000212951 Class R6 FIUVX C000212952 Institutional Class FIUUX 0000778108 S000065924 Delaware Floating Rate II Fund C000212953 Institutional Class FRFEX C000212954 Class R6 FRFNX C000212955 Class A FRFDX 0000778108 S000065925 Delaware Fund for Income C000212956 Class R6 FIFLX C000212957 Institutional Class FIFKX C000212958 Class A FIFIX 0000778108 S000065926 Delaware Global Equity Fund C000212959 Class A FIISX C000212960 Institutional Class FIITX C000212961 Class R6 FIIUX 0000778108 S000065927 Delaware Government Cash Management Fund C000212962 Class A FICXX C000212963 Class R6 FIFXX 0000778108 S000065928 Delaware Growth Equity Fund C000212964 Class A FICGX C000212965 Class R6 FICIX C000212966 Institutional Class FICHX 0000778108 S000065929 Delaware Growth and Income Fund C000212967 Institutional Class FGIPX C000212968 Class A FGINX C000212969 Class R6 FGIQX 0000778108 S000065930 Delaware Hedged U.S. Equity Opportunities Fund C000212970 Class R6 FHELX C000212971 Institutional Class FHEKX C000212972 Class A FHEJX 0000809064 S000002406 DELAWARE TAX-FREE ARIZONA FUND C000006392 DELAWARE TAX-FREE ARIZONA FUND CLASS A VAZIX C000006394 DELAWARE TAX-FREE ARIZONA FUND CLASS C DVACX C000135922 Institutional Class DAZIX 0000809821 S000002399 DELAWARE WEALTH BUILDER FUND C000006368 DELAWARE WEALTH BUILDER FUND CLASS A DDIAX C000006370 DELAWARE WEALTH BUILDER FUND CLASS C DDICX C000006371 DELAWARE WEALTH BUILDER FUND CLASS R DDDRX C000006372 DELAWARE WEALTH BUILDER FUND INSTITUTIONAL CLASS DDIIX 0000809821 S000002400 DELAWARE SMALL CAP CORE FUND C000006373 DELAWARE SMALL CAP CORE FUND CLASS A DCCAX C000006374 DELAWARE SMALL CAP CORE FUND CLASS C DCCCX C000006375 DELAWARE SMALL CAP CORE FUND CLASS R DCCRX C000006376 DELAWARE SMALL CAP CORE FUND INSTITUTIONAL CLASS DCCIX C000171461 Class R6 0000809821 S000002401 DELAWARE SMALL CAP VALUE FUND C000006377 DELAWARE SMALL CAP VALUE FUND CLASS A DEVLX C000006379 DELAWARE SMALL CAP VALUE FUND CLASS C DEVCX C000006380 DELAWARE SMALL CAP VALUE FUND CLASS R DVLRX C000006381 DELAWARE SMALL CAP VALUE FUND INSTITUTIONAL CLASS DEVIX C000171462 Class R6 0000809872 S000002417 DELAWARE TAX-FREE COLORADO FUND C000006424 DELAWARE TAX-FREE COLORADO FUND CLASS A VCTFX C000006426 DELAWARE TAX-FREE COLORADO FUND CLASS C DVCTX C000135931 Institutional Class DCOIX 0000875352 S000003937 Delaware Global Listed Real Assets Fund C000011041 CLASS A DPREX C000011043 CLASS C DPRCX C000011044 CLASS R DPRRX C000011045 INSTITUTIONAL CLASS DPRSX C000174774 Class R6 DPRDX 0000875610 S000003916 DELAWARE EMERGING MARKETS FUND C000010979 CLASS A DEMAX C000010981 CLASS C DEMCX C000010982 INSTITUTIONAL CLASS DEMIX C000031063 CLASS R DEMRX C000171463 Class R6 0000875610 S000003917 DELAWARE GLOBAL VALUE FUND C000010983 CLASS A DABAX C000010985 CLASS C DABCX C000010986 INSTITUTIONAL CLASS DABIX C000031064 CLASS R 0000875610 S000003918 DELAWARE INTERNATIONAL VALUE EQUITY FUND C000010987 CLASS A DEGIX C000010989 CLASS C DEGCX C000010990 CLASS R DIVRX C000010991 INSTITUTIONAL CLASS DEQIX C000201075 Class R6 0000875610 S000024716 Delaware International Small Cap Fund C000073406 Class A DGGAX C000073407 Class C DGGCX C000073408 Class R DGGRX C000073409 Institutional Class DGGIX C000193231 Class R6 0000906236 S000002412 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND C000006409 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND CLASS A DVMHX C000006411 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND CLASS C DVMMX C000135925 Institutional Class DMHIX 0000906236 S000002413 DELAWARE NATIONAL HIGH-YIELD MUNICIPAL BOND FUND C000006412 DELAWARE NATIONAL HIGH-YIELD MUNICIPAL BOND FUND CLASS A CXHYX C000006414 DELAWARE NATIONAL HIGH-YIELD MUNICIPAL BOND FUND CLASS C DVHCX C000074152 Institutional Class DVHIX 0000906236 S000002414 DELAWARE TAX-FREE CALIFORNIA FUND C000006415 DELAWARE TAX-FREE CALIFORNIA FUND CLASS A DVTAX C000006417 DELAWARE TAX-FREE CALIFORNIA FUND CLASS C DVFTX C000135926 Institutional Class DCTIX 0000906236 S000002415 DELAWARE TAX-FREE IDAHO FUND C000006418 DELAWARE TAX-FREE IDAHO FUND CLASS A VIDAX C000006420 DELAWARE TAX-FREE IDAHO FUND CLASS C DVICX C000135927 Institutional Class DTIDX 0000906236 S000002416 DELAWARE TAX-FREE NEW YORK FUND C000006421 DELAWARE TAX-FREE NEW YORK FUND CLASS A FTNYX C000006423 DELAWARE TAX-FREE NEW YORK FUND CLASS C DVFNX C000135928 Institutional Class DTNIX 0000910682 S000003911 DELAWARE DIVERSIFIED INCOME FUND C000010956 CLASS A DPDFX C000010958 CLASS C DPCFX C000010959 CLASS R DPRFX C000010960 INSTITUTIONAL CLASS DPFFX C000171464 Class R6 0000910682 S000003912 DELAWARE U.S. GROWTH FUND C000010961 CLASS A DUGAX C000010963 CLASS C DEUCX C000010964 CLASS R DEURX C000010965 INSTITUTIONAL CLASS DEUIX C000171465 Class R6 0000910682 S000037873 Delaware Global Real Estate Opportunities Fund C000116904 Class A DGRPX C000116905 Class C DLPCX C000116906 Class R DLPRX C000116907 Institutional Class DGROX 0001048133 S000004196 Delaware Strategic Allocation Fund C000011803 CLASS C DFBCX C000011804 INSTITUTIONAL CLASS DFFIX C000011805 CLASS A DFBAX C000011806 CLASS R DFBRX 497 1 complexwide49705282020.htm
DELAWARE GROUP® ADVISER FUNDS
Delaware Diversified Income Fund
Delaware Global Real Estate Opportunities Fund
Delaware U.S. Growth Fund

DELAWARE GROUP CASH RESERVE
Delaware Investments Ultrashort Fund

DELAWARE GROUP EQUITY FUNDS I
Delaware Mid Cap Value Fund

DELAWARE GROUP EQUITY FUNDS II
Delaware Value® Fund

DELAWARE GROUP EQUITY FUNDS IV
Delaware Healthcare Fund
Delaware Small Cap Growth Fund
Delaware Smid Cap Growth Fund
Delaware Covered Call Strategy Fund
Delaware Equity Income Fund
Delaware Global Equity Fund
Delaware Growth and Income Fund
Delaware Hedged U.S. Equity Opportunities Fund
Delaware International Fund
Delaware Opportunity Fund
Delaware Premium Income Fund
Delaware Growth Equity Fund
Delaware Special Situations Fund
Delaware Total Return Fund
Delaware Floating Rate II Fund
Delaware Fund for Income
Delaware Government Cash Management Fund
Delaware International Opportunities Bond Fund
Delaware Investment Grade Fund
Delaware Limited Duration Bond Fund
Delaware Strategic Income II Fund

DELAWARE GROUP EQUITY FUNDS V
Delaware Small Cap Core Fund
Delaware Small Cap Value Fund
Delaware Wealth Builder Fund

DELAWARE GROUP FOUNDATION FUNDS
Delaware Strategic Allocation Fund

DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS
Delaware Emerging Markets Fund
Delaware Global Value Fund
Delaware International Small Cap Fund
Delaware International Value Equity Fund

DELAWARE GROUP GOVERNMENT FUND
Delaware Strategic Income Fund
Delaware Emerging Markets Debt Corporate 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
Delaware Tax-Exempt Income Fund
Delaware Tax-Exempt Opportunities Fund
Delaware Tax-Free California II Fund
Delaware Tax-Free New York II Fund
Delaware Tax-Free New Jersey Fund
Delaware Tax-Free Oregon Fund

DELAWARE GROUP STATE TAX-FREE INCOME TRUST
Delaware Tax-Free Pennsylvania Fund

DELAWARE GROUP TAX-FREE FUND
Delaware Tax-Free USA Fund
Delaware Tax-Free USA Intermediate Fund

DELAWARE POOLED® TRUST
Delaware Global Listed Real Assets Fund

VOYAGEUR INSURED FUNDS
Delaware Tax-Free Arizona Fund

VOYAGEUR INTERMEDIATE TAX FREE FUNDS
Delaware Tax-Free Minnesota Intermediate Fund

VOYAGEUR MUTUAL FUNDS
Delaware National High-Yield Municipal Bond Fund
Delaware Tax-Free California Fund
Delaware Tax-Free Idaho Fund
Delaware Tax-Free New York Fund
Delaware Minnesota High-Yield Municipal Bond Fund

VOYAGEUR MUTUAL FUNDS II
Delaware Tax-Free Colorado Fund

VOYAGEUR MUTUAL FUNDS III
Delaware Select Growth Fund

VOYAGEUR TAX FREE FUNDS
Delaware Tax-Free Minnesota Fund

 (each, a “Fund” and together, the “Funds”)

Supplement to each Fund’s Statutory Prospectus (the “Prospectus”) and Statement of Additional Information (the “SAI”)



 1.
Effective immediately, for Delaware Tax-Free Arizona Fund, Delaware Tax-Free California Fund, Delaware Tax-Free Colorado Fund, Delaware Tax-Free Idaho Fund, Delaware Tax-Free New York Fund, Delaware Tax-Free Pennsylvania Fund, Delaware Tax-Free Minnesota Fund, Delaware Tax-Free Minnesota Intermediate Fund, and Delaware Minnesota High-Yield Municipal

Bond Fund only, the following replaces the two sentences at the end of the section of the Prospectus entitled “Who manages the Funds — Investment manager”:
A discussion of the basis for the Boards’ approval of the Funds’ investment advisory contract is available in the Funds’ annual reports to shareholders for the fiscal year ended Aug. 31, 2019.

 2.
Effective immediately, for Delaware Covered Call Strategy Fund, Delaware Equity Income Fund, Delaware Global Equity Fund, Delaware Growth and Income Fund, Delaware Hedged U.S. Equity Opportunities Fund, Delaware International Fund, Delaware Opportunity Fund, Delaware Premium Income Fund, Delaware Growth Equity Fund, Delaware Special Situations Fund, Delaware Total Return Fund, Delaware Floating Rate II Fund, Delaware Fund for Income, , Delaware International Opportunities Bond Fund, Delaware Investment Grade Fund, Delaware Limited Duration Bond Fund, and Delaware Strategic Income II Fund only, the following replaces the information in the section of the Prospectus entitled “About your account — Dealer compensation”:
The financial intermediary who sells you shares of the Funds may be eligible to receive the following amounts as compensation for your investment in the Funds. These amounts are paid by the Distributor to the securities dealer with whom your financial intermediary is associated. Institutional Class and Class R6 shares do not have a 12b-1 fee or sales charge so they are not included in the table below.
Delaware Fund for Income, Delaware International Opportunities Bond Fund, Delaware Investment Grade Fund and Delaware Strategic Income II Fund
 
 
 
 
Commission (%)
Class A1
Investment Less than $100,000
 
 
4.00%
 
$100,000 but less than $250,000
 
 
3.00%
 
$250,000 but less than $500,000
 
 
2.00%
 
$500,000 but less than $1 million
 
 
1.60%
 
$1 million but less than $5 million
 
 
1.00%
 
$5 million but less than $25 million
 
 
0.50%
 
$25 million or more
 
 
0.25%
 
12b-1 fee to dealer
 
 
0.25%
 
Delaware Floating Rate II Fund and Delaware Limited Duration Bond Fund
 
 
 
 
Commission (%)
Class A1
Investment Less than $100,000
 
 
2.35%
 
$100,000 - $249,999
 
 
1.75%
 
$250,000 - $5 million
 
 
0.75%
 
$5 million up to $25 million
 
 
0.50%
 
$25 million or more
 
 
0.25%
 
12b-1 fee to dealer
 
 
0.25%
2
Delaware Covered Call Strategy Fund, Delaware Equity Income Fund, Delaware Global Equity Fund, Delaware Growth and Income Fund, Delaware Hedged U.S. Equity Opportunities Fund, Delaware International Fund, Delaware Opportunity Fund, Delaware Premium Income Fund, Delaware Growth Equity Fund, Delaware Special Situations Fund and Delaware Total Return Fund
 
 
 
 

Commission (%)
Class A1
Investment less than $50,000
 
 
5.00%
 
$50,000 but less than $100,000
 
 
4.00%
 
$100,000 but less than $250,000
 
 
3.00%
 
$250,000 but less than $500,000
 
 
2.00%
 
$500,000 but less than $1 million
 
 
1.60%
 
$1 million but less than $5 million
 
 
1.00%
 
$5 million but less than $25 million
 
 
0.50%
 
$25 million or more
 
 
0.25%
 
12b-1 fee to dealer
 
 
0.25%
 
1 On sales of Class A shares, the Distributor reallows to your securities dealer a portion of the front-end sales charge depending upon the amount you invested.
2 The Distributor has contracted to limit this amount to 0.15% from Oct. 4, 2019 to Oct. 31, 2021 for Delaware Limited Duration Bond Fund.


 3.
Effective immediately, for Delaware Investments Ultrashort Fund only, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:

For purchases of $500,000 or more, a Limited CDSC may be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged) of 0.75% if shares are redeemed during the first year after the purchase, if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.”


 4.
Effective immediately, for Delaware Limited-Term Diversified Income Fund only, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:

For purchases of $1 million or more, a Limited CDSC will be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged) of 0.75% if shares are redeemed during the first year after the purchase, if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.”


 5.
Effective July 1, 2020, for Delaware Tax-Free California Fund and Delaware Tax-Free New York Fund only, the following replaces the information in the section of the Prospectus entitled “About your account — Choosing a share class — Class A — Class A sales charges”:

The table below details your sales charges on purchases of Class A shares. The offering price for Class A shares includes the front-end sales charge. The offering price is determined by dividing the NAV per share by an amount equal to 1 minus the sales charge (expressed in decimals) applicable to the purchase, calculated to two decimal places using standard rounding criteria. The sales charge as a percentage of the net amount invested is the maximum percentage of the amount invested rounded to the nearest hundredth. The actual sales charge that you pay as a percentage of the offering price and as a percentage of the net amount invested will vary depending on the then-current NAV, the percentage rate of the sales charge, and rounding. The number of Fund shares you will be issued will equal the amount invested divided by the applicable offering price for those shares, calculated to three decimal places using

standard rounding criteria. Sales charges do not apply to shares purchased through dividend reinvestment.

 
 
 
 
 
 
 
Amount of purchase
Sales charge as a %
of offering price
Sales charge as a %
of net amount invested
Delaware Tax-Free Minnesota Intermediate Fund
Less than $100,000
 
 
2.75%
 
 
3.23%
 
$100,000 but less than $250,000
 
 
2.00%
 
 
2.44%
 
$250,000 or more
 
 
none*
 
 
none*
 
* There is no front-end sales charge when you purchase $250,000 or more of Class A shares. However, if Delaware Distributors, L.P. (Distributor) paid your financial intermediary a commission on your purchase of $1 million or more of Class A shares prior to Dec. 2, 2019, or if the Distributor paid your financial intermediary a commission on your purchase of $250,000 or more of Class A shares on or after Dec. 2, 2019, you will have to pay a Limited CDSC of 0.75% if you redeem shares of these shares within the first year after your purchase, unless a specific waiver of the Limited CDSC applies. The Limited CDSC will be paid to the Distributor and will be assessed on an amount equal to the lesser of: (1) the NAV at the time the Class A shares being redeemed were purchased; or (2) the NAV of such Class A shares at the time of redemption. For purposes of this formula, the “NAV at the time of purchase” will be the NAV at purchase of the Class A shares even if those shares are later exchanged for shares of another Delaware Fund and, in the event of an exchange of Class A shares, the “NAV of such shares at the time of redemption” will be the NAV of the shares acquired in the exchange. In determining whether a Limited CDSC is payable, it will be assumed that shares not subject to the Limited CDSC are the first redeemed followed by other shares held for the longest period of time. See “Dealer compensation” below for a description of the dealer commission that is paid.
 
 
 
 
 
 
 
Amount of purchase
Sales charge as a %
of offering price
Sales charge as a %
of net amount invested
Delaware Tax-Free Arizona Fund, Delaware Tax-Free California Fund, Delaware Tax-Free Colorado Fund, Delaware Tax-Free Idaho Fund, Delaware Tax-Free New York Fund, Delaware Tax-Free Pennsylvania Fund, Delaware Tax-Free Minnesota Fund, and Delaware Minnesota High-Yield Municipal Bond Fund
Less than $100,000
 
 
4.50%
 
 
5.13%
 
$100,000 but less than $250,000
 
 
3.50%
 
 
4.00%
 
$250,000 or more
 
 
none*
 
 
none*
 
* There is no front-end sales charge when you purchase $250,000 or more of Class A shares. However, if the Distributor paid your financial intermediary a commission on your purchase of $1 million or more of Class A shares, for shares of Delaware Tax-Free Arizona Fund, Delaware Tax-Free Colorado Fund, Delaware Tax-Free Idaho Fund, Delaware Tax-Free Pennsylvania Fund, Delaware Tax-Free Minnesota Fund, or Delaware Minnesota High-Yield Municipal Bond Fund prior to Dec. 2, 2019 or for shares of Delaware Tax-Free California Fund or Delaware Tax-Free New York Fund prior to July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first year after your purchase and 0.50% if you redeem shares within the second year; or if the Distributor paid your financial intermediary a commission on your purchase of $250,000 or more of Class A shares, for shares of the Delaware Tax-Free Arizona Fund, Delaware Tax-Free Colorado Fund, Delaware Tax-Free Idaho Fund, Delaware Tax-Free Pennsylvania Fund, Delaware Tax-Free Minnesota Fund, and Delaware Minnesota High-Yield Municipal Bond Fund on or after Dec. 2, 2019 or for shares of Delaware Tax-Free California Fund or Delaware Tax-Free New York Fund on or after to July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first 18 months after your purchase; unless a specific waiver of the Limited CDSC applies. The Limited CDSC will be paid to the Distributor and will be assessed on an amount equal to the lesser of: (1) the NAV at the time the Class A shares being redeemed were purchased; or (2) the NAV of such Class A shares at the time of redemption. For purposes of this formula, the “NAV at the time of purchase” will be the NAV at purchase of the Class A shares even if those shares are later exchanged for shares of another Delaware Fund and, in the event of an exchange of Class A shares, the “NAV of such shares at the time of redemption” will be the NAV of the shares acquired in the exchange. In determining whether a Limited CDSC is payable, it will be assumed that shares not subject to the Limited CDSC are the first redeemed followed by other shares held for the longest period of time. See “Dealer compensation” below for a description of the dealer commission that is paid.


 6.
Effective July 1, 2020, for Delaware Tax-Free California Fund and Delaware Tax-Free New York Fund only, the following replaces the information in the section of the Prospectus entitled “About your account — Choosing a share class — Class C”:

 

Class C
• Class C shares have no upfront sales charge, so the full amount of your purchase is invested in a Fund. However, you will pay a CDSC of 1.00% if you redeem your shares within 12 months after you buy them.
 
• In determining whether the CDSC applies to a redemption of Class C shares, it will be assumed that shares held for more than 12 months are redeemed first, followed by shares acquired through the reinvestment of dividends or distributions, and finally by shares held for 12 months or less. For further information on how the CDSC is determined, please see “Calculation of contingent deferred sales charges — Class C” below.
 
• Under certain circumstances, the CDSC may be waived; please see “Waivers of contingent deferred sales charges” below for further information.
 
• For approximately ten years after you buy your Class C shares, they are subject to an annual 12b-1 fee no greater than 1.00% of average daily net assets (of which 0.25% is a service fee) paid to the Distributor, dealers, or others for providing services and maintaining shareholder accounts.
 
• Class C shares are eligible to automatically convert to Class A shares with a 12b-1 fee of no more than 0.25% approximately ten years after you buy Class C shares. Conversion may occur as late as one month after the tenth anniversary of purchase, during which time Class C's higher 12b-1 fee applies. Please refer to the Fund’s SAI for more details on this automatic conversion feature.
 
• You may purchase only up to $250,000 of Class C shares at any one time. Orders that equal or exceed $250,000 will be rejected.
 
• Because of their higher 12b-1 fee, Class C shares have higher expenses and any dividends paid on these shares are generally lower than dividends on Class A and Institutional Class shares.


 7.
Effective July 1, 2020, for Delaware Tax-Free USA Fund and Delaware Tax-Free USA Intermediate Fund only, the following replaces the information in the section of the Prospectus entitled “About your account — Choosing a share class — Class A — Class A sales charges”:

The table below details your sales charges on purchases of Class A shares. The offering price for Class A shares includes the front-end sales charge. The offering price is determined by dividing the NAV per share by an amount equal to 1 minus the sales charge (expressed in decimals) applicable to the purchase, calculated to two decimal places using standard rounding criteria. The sales charge as a percentage of the net amount invested is the maximum percentage of the amount invested rounded to the nearest hundredth. The actual sales charge that you pay as a percentage of the offering price and as a percentage of the net amount invested will vary depending on the then-current NAV, the percentage rate of the sales charge, and rounding. The number of Fund shares you will be issued will equal the amount invested divided by the applicable offering price for those shares, calculated to three decimal places using standard rounding criteria. Sales charges do not apply to shares purchased through dividend reinvestment.
Delaware Tax-Free USA Fund and Delaware National High-Yield Municipal Bond Fund
 
 
 
 
 
 
 
Amount of purchase
Sales charge as a % of offering price
Sales charge as a % of net amount invested
Less than $100,000
 
 
4.50%
 
 
5.13%
 
$100,000 but less than $250,000
 
 
3.50%
 
 
4.00%
 
$250,000 or more
 
 
none*
 
 
none*
 
* There is no front-end sales charge when you purchase $250,000 or more of Class A shares. However, if Delaware Distributors, L.P. (Distributor) paid your financial intermediary a commission on your purchase of $1 million or more of Class A shares, for shares of Delaware National High-Yield Municipal Bond Fund prior to Dec. 2, 2019 or for shares of Delaware Tax-Free USA Fund prior to July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first year after your purchase and 0.50% if you redeem shares within the second year; or if the Distributor paid your financial intermediary a commission on your purchase of $250,000 or more of Class A shares, for shares of the Delaware National High-Yield Municipal Bond Fund on or after Dec. 2, 2019 or for shares of Delaware Tax-Free USA Fund on or after July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first 18 months after your purchase; unless a specific waiver of the Limited CDSC applies. The Limited CDSC will be paid to the Distributor and will be assessed on an amount equal to the lesser of: (1) the NAV at the time the Class A shares being redeemed were purchased; or (2) the NAV of such Class A shares at the time of redemption. For purposes of

this formula, the “NAV at the time of purchase” will be the NAV at purchase of the Class A shares even if those shares are later exchanged for shares of another Delaware Fund and, in the event of an exchange of Class A shares, the “NAV of such shares at the time of redemption” will be the NAV of the shares acquired in the exchange. In determining whether a Limited CDSC is payable, it will be assumed that shares not subject to the Limited CDSC are the first redeemed followed by other shares held for the longest period of time. See “Dealer compensation” below for a description of the dealer commission that is paid.
Delaware Tax-Free USA Intermediate Fund
 
 
 
 
 
 
 
Amount of purchase
Sales charge as a %
of offering price
Sales charge as a %
of net amount invested
Less than $100,000
 
 
2.75%
 
 
3.23%
 
$100,000 but less than $250,000
 
 
2.00%
 
 
2.44%
 
$250,000 or more
 
 
none*
 
 
none*
 
* There is no front-end sales charge when you purchase $250,000 or more of Class A shares. However, if the Distributor paid your financial intermediary a commission on your purchase of $1 million or more of Class A shares prior to Dec. 2, 2019, or if the Distributor paid your financial intermediary a commission on your purchase of $250,000 or more of Class A shares on or after Dec. 2, 2019, you will have to pay a Limited CDSC of 0.75% if you redeem these shares within the first year after your purchase, unless a specific waiver of the Limited CDSC applies. The Limited CDSC will be paid to the Distributor and will be assessed on an amount equal to the lesser of: (1) the NAV at the time the Class A shares being redeemed were purchased; or (2) the NAV of such Class A shares at the time of redemption. For purposes of this formula, the “NAV at the time of purchase” will be the NAV at purchase of the Class A shares even if those shares are later exchanged for shares of another Delaware Fund and, in the event of an exchange of Class A shares, the “NAV of such shares at the time of redemption” will be the NAV of the shares acquired in the exchange. In determining whether a Limited CDSC is payable, it will be assumed that shares not subject to the Limited CDSC are the first redeemed followed by other shares held for the longest period of time. See “Dealer compensation” below for a description of the dealer commission that is paid.


 8.
Effective July 1, 2020, for Delaware Tax-Free USA Fund and Delaware Tax-Free USA Intermediate Fund only, the following replaces the information in the section of the Prospectus entitled “About your account — Choosing a share class — Class C”:

• Class C shares have no upfront sales charge, so the full amount of your purchase is invested in a Fund. However, you will pay a CDSC of 1.00% if you redeem your shares within 12 months after you buy them.
 
• In determining whether the CDSC applies to a redemption of Class C shares, it will be assumed that shares held for more than 12 months are redeemed first, followed by shares acquired through the reinvestment of dividends or distributions, and finally by shares held for 12 months or less. For further information on how the CDSC is determined, please see “Calculation of contingent deferred sales charges — Class C” below.
 
• Under certain circumstances, the CDSC may be waived; please see “Waivers of contingent deferred sales charges” below for further information.
 
• For approximately ten years after you buy your Class C shares, they are subject to an annual 12b-1 fee no greater than 1.00% of average daily net assets (of which 0.25% is a service fee) paid to the Distributor, dealers, or others for providing services and maintaining shareholder accounts.
 
• Class C shares are eligible to automatically convert to Class A shares with a 12b-1 fee of no more than 0.25% approximately ten years after you buy Class C shares. Conversion may occur as late as one month after the tenth anniversary of purchase, during which time Class C's higher 12b-1 fee applies. Please refer to the Fund’s SAI for more details on this automatic conversion feature.
 
• You may purchase only up to $250,000 of Class C shares at any one time. Orders that equal or exceed $250,000will be rejected.
 
• Because of their higher 12b-1 fee, Class C shares have higher expenses and any dividends paid on these shares are generally lower than dividends on Class A and Institutional Class shares.


 9.
Effective July 1, 2020, for Delaware Tax-Exempt Income Fund, Delaware Tax-Exempt Opportunities Fund, Delaware Tax-Free California II Fund, Delaware Tax-Free New York II Fund, Delaware Tax-Free New Jersey Fund, and Delaware Tax-Free Oregon Fund only, the following replaces the information in the section of the Prospectus entitled “About your account — Choosing a share class — Class A — Class A sales charges”:


The table below details your sales charges on purchases of Class A shares. The offering price for Class A shares includes the front-end sales charge. The offering price is determined by dividing the NAV per share by an amount equal to 1 minus the sales charge (expressed in decimals) applicable to the purchase, calculated to two decimal places using standard rounding criteria. The sales charge as a percentage of the net amount invested is the maximum percentage of the amount invested rounded to the nearest hundredth. The actual sales charge that you pay as a percentage of the offering price and as a percentage of the net amount invested will vary depending on the then-current NAV, the percentage rate of the sales charge, and rounding. The number of Fund shares you will be issued will equal the amount invested divided by the applicable offering price for those shares, calculated to three decimal places using standard rounding criteria. Sales charges do not apply to shares purchased through dividend reinvestment.
Delaware Tax-Exempt Opportunities Fund, Delaware Tax-Free California II Fund, Delaware Tax-Free New Jersey Fund, Delaware Tax-Free New York II Fund and Delaware Tax-Free Oregon Fund
             
Amount of purchase
Sales charge as a % of offering price
Sales charge as a % of net amount invested
Less than $100,000
 
 
4.50%
 
 
5.13%
 
$100,000 but less than $250,000
 
 
3.50%
 
 
4.00%
 
$250,000 or more
 
 
none*
 
 
none*
 
* There is no front-end sales charge when you purchase $250,000 or more of Class A shares. However, if Delaware Distributors, L.P. (Distributor) or a predecessor distributor paid your financial intermediary a commission on your purchase of $1 million or more of Class A shares, for shares of the Funds purchased prior to July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first year after your purchase and 0.50% if you redeem shares within the second year; or if the Distributor paid your financial intermediary a commission on your purchase of $250,000 or more of Class A shares, for shares purchased on or after July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first 18 months after your purchase, unless a specific waiver of the Limited CDSC applies. The Limited CDSC will be paid to the Distributor and will be assessed on an amount equal to the lesser of: (1) the NAV at the time the Class A shares being redeemed were purchased; or (2) the NAV of such Class A shares at the time of redemption. For purposes of this formula, the “NAV at the time of purchase” will be the NAV at purchase of the Class A shares even if those shares are later exchanged for shares of another Delaware Fund and, in the event of an exchange of Class A shares, the “NAV of such shares at the time of redemption” will be the NAV of the shares acquired in the exchange. In determining whether a Limited CDSC is payable, it will be assumed that shares not subject to the Limited CDSC are the first redeemed followed by other shares held for the longest period of time. See “Dealer compensation” below for a description of the dealer commission that is paid.
Delaware Tax-Exempt Income Fund
 
 
 
 
 
 
 
Amount of purchase
Sales charge as a %
of offering price
Sales charge as a %
of net amount invested
Less than $100,000
 
 
2.75%
 
 
3.23%
 
$100,000 but less than $250,000
 
 
2.00%
 
 
2.44%
 
$250,000 or more
 
 
none*
 
 
none*
 
* There is no front-end sales charge when you purchase $250,000 or more of Class A shares. However, if the Distributor or a predecessor distributor paid your financial intermediary a commission on your purchase of $1 million or more of Class A shares prior to July 1, 2020, or if the Distributor paid your financial intermediary a commission on your purchase of $250,000 or more of Class A shares on or after July 1, 2020, you will have to pay a Limited CDSC of 0.75% if you redeem these shares within the first year after your purchase, unless a specific waiver of the Limited CDSC applies. The Limited CDSC will be paid to the Distributor and will be assessed on an amount equal to the lesser of: (1) the NAV at the time the Class A shares being redeemed were purchased; or (2) the NAV of such Class A shares at the time of redemption. For purposes of this formula, the “NAV at the time of purchase” will be the NAV at purchase of the Class A shares even if those shares are later exchanged for shares of another Delaware Fund and, in the event of an exchange of Class A shares, the “NAV of such shares at the time of redemption” will be the NAV of the shares acquired in the exchange. In determining whether a Limited CDSC is payable, it will be assumed that shares not subject to the Limited CDSC are the first redeemed followed by other shares held for the longest period of time. See “Dealer compensation” below for a description of the dealer commission that is paid.



 10.
Effective July 1, 2020, for all Funds other than Delaware Tax-Free Arizona Fund, Delaware Tax-Free California Fund, Delaware Tax-Free Colorado Fund, Delaware Tax-Free Idaho Fund, Delaware Tax-Free New York Fund, Delaware Tax-Free Pennsylvania Fund, Delaware Tax-Free Minnesota Fund, and Delaware Minnesota High-Yield Municipal Bond Fund, Delaware Tax-Free Minnesota Intermediate Fund, Delaware Tax-Free USA Fund, Delaware Tax-Free USA Intermediate Fund, Delaware National High-Yield Municipal Bond Fund, Delaware Tax-Exempt Income Fund, Delaware Tax-Exempt Opportunities Fund, Delaware Tax-Free California II Fund, Delaware Tax-Free New York II Fund, Delaware Tax-Free New Jersey Fund, Delaware Tax-Free Oregon Fund, Delaware Investments Ultrashort Fund, Delaware Floating Rate II Fund, Delaware Government Cash Management Fund, Delaware Limited Duration Bond Fund, and Delaware Limited-Term Diversified Income Fund, the following replaces the phrase “you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first year after your purchase and 0.50% if you redeem shares within the second year, unless a specific waiver of the Limited CDSC applies” in the footnote to the table or tables in the section of the Prospectus entitled “About your account — Choosing a share class — Class A — Class A sales charges”:

for shares purchased prior to July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the first year after your purchase and 0.50% if you redeem these shares within the second year; and for shares purchased on or after July 1, 2020, you will have to pay a Limited CDSC of 1.00% if you redeem these shares within the 18 months after your purchase, unless a specific waiver of the Limited CDSC applies


 11.
Effective July 1, 2020, for all Funds other than Delaware Investments Ultrashort Fund and Delaware Government Cash Management Fund, the following is added to the first footnote to the table or tables in the section of the Prospectus entitled “About your account — Dealer compensation”:

On sales of Class A shares where there is no front-end sales charge, the Distributor may pay your securities dealer an upfront commission of up to 1.00%. The upfront commission includes an advance of the first year’s 12b-1 fee of up to 0.25%. During the first 12 months, the Distributor will retain the 12b-1 fee to partially offset the upfront commission advanced at the time of purchase. Starting in the 13th month, your securities dealer may be eligible to receive the full 12b-1 fee applicable to Class A shares.


 12.
Effective July 1, 2020, for Delaware Investments Ultrashort Fund only, the following is added to the first footnote to the table in the section of the Prospectus entitled “About your account — Dealer compensation”:

However, if in the future the Distributor’s waiver of the Fund’s 12b-1 fee no longer applies, on sales of Class A shares where there is no front-end sales charge, the Distributor may pay your securities dealer an upfront commission of up to 1.00%. The upfront commission will include an advance of the first year’s 12b-1 fee of up to 0.25%. During the first 12 months, the Distributor will retain the 12b-1 fee to partially offset the upfront commission advanced at the time of purchase. Starting in the 13th month, your securities dealer may be eligible to receive the full 12b-1 fee applicable to Class A shares.


 13.
Effective July 1, 2020, for Delaware Tax-Free California Fund and Delaware Tax-Free New York Fund only, the following replaces the second paragraph in the section of the SAI entitled “Purchasing Shares — General Information”:

You may purchase only up to $250,000 of Class C shares of each Fund at one time. Orders that exceed $250,000 or more will be rejected. An investor should keep in mind that reduced front-end sales charges apply to investments of $100,000 or more in Class A shares, and that Class A shares are subject to lower annual Rule 12b-1 Plan expenses than Class C shares and generally are not subject to a CDSC.


 14.
Effective July 1, 2020, for Delaware Tax-Free California Fund and Delaware Tax-Free New York Fund only, the following replaces the first sentence in the section of the SAI entitled “Purchasing Shares — Dealer’s Commission”:


For initial purchases of Class A shares of $250,000 or more, a dealer’s commission may be paid by the Distributor to financial intermediaries through whom such purchases are effected.


 15.
Effective July 1, 2020, for Delaware Tax-Free California Fund and Delaware Tax-Free New York Fund only, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:

For purchases of $250,000 or more, a Limited CDSC will be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged), if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.” The Limited CDSC for the Funds, other than Delaware Tax-Free Minnesota Intermediate Fund, for shares purchased prior to July 1, 2020, will be 1.00% if such shares are redeemed during the first year after purchase and 0.50% if such shares are redeemed during the second year after purchase, and for shares purchased on or after July 1, 2020, will be 1.00% if such shares are redeemed during the first 18 months after the purchase.  The Limited CDSC will be 0.75% if you redeem shares of Delaware Tax-Free Minnesota Intermediate Fund within the first year after your purchase.


 16.
Effective July 1, 2020, for Delaware Tax-Free USA Fund and Delaware Tax-Free USA Intermediate Fund only, the following replaces the second paragraph in the section of the SAI entitled “Purchasing Shares — General Information”:

You may purchase only up to $250,000 of Class C shares of each Fund at one time. Orders that exceed $250,000 will be rejected. An investor should keep in mind that reduced front-end sales charges apply to investments of $100,000 or more in Class A shares, and that Class A shares are subject to lower annual Rule 12b-1 Plan expenses than Class C shares and generally are not subject to a CDSC.


 17.
Effective July 1, 2020, for Delaware Tax-Free USA Fund and Delaware Tax-Free USA Intermediate Fund only, the following replaces the first sentence in the section of the SAI entitled “Purchasing Shares — Dealer’s Commission”:

For initial purchases of Class A shares of $250,000, a dealer’s commission may be paid by the Distributor to financial intermediaries through whom such purchases are effected.


 18.
Effective July 1, 2020, for Delaware Tax-Free USA Fund, Delaware Tax-Free USA Intermediate Fund, and Delaware National High-Yield Municipal Bond Fund only, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:

For purchases of $250,000 or more, a Limited CDSC will be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged), if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.” The Limited CDSC for the Funds, other than Delaware Tax-Free USA Intermediate Fund, for shares purchased prior to July 1, 2020, will be 1.00% if such shares are redeemed during the first year after purchase and 0.50% if such shares are redeemed during the second year after purchase, and for shares purchased on or after July 1, 2020, will be 1.00% if such shares are redeemed during the first 18 months after the purchase.  The Limited CDSC will be 0.75% if you redeem shares of Delaware Tax-Free USA Intermediate Fund within the first year after your purchase.


 19.
Effective July 1, 2020, for Delaware Tax-Exempt Income Fund, Delaware Tax-Exempt Opportunities Fund, Delaware Tax-Free California II Fund, Delaware Tax-Free New York II Fund, Delaware Tax-Free New Jersey Fund, and Delaware Tax-Free Oregon Fund only, the following

replaces the first sentence in the section of the SAI entitled “Purchasing Shares — Class A Shares — Dealer’s Commission”:

For initial purchases of Class A shares of $250,000 or more, a dealer’s commission may be paid by the Distributor to financial intermediaries through whom such purchases are effected.


 20.
Effective July 1, 2020, for Delaware Tax-Exempt Income Fund, Delaware Tax-Exempt Opportunities Fund, Delaware Tax-Free California II Fund, Delaware Tax-Free New York II Fund, Delaware Tax-Free New Jersey Fund, and Delaware Tax-Free Oregon Fund only, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:

For purchases of $250,000 or more, a Limited CDSC will be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged), if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.”  The Limited CDSC for the Funds, other than Delaware Tax-Exempt Income Fund, for shares purchased prior to July 1, 2020, will be 1.00% if such shares are redeemed during the first year after purchase and 0.50% if such shares are redeemed during the second year after purchase, and for shares purchased on or after July 1, 2020, will be 1.00% if such shares are redeemed during the first 18 months after the purchase.  The Limited CDSC will be 0.75% if you redeem shares of Delaware Tax-Exempt Income Fund within the first year after your purchase.


 21.
Effective July 1, 2020, for all funds, the following replaces the second paragraph in the section of the SAI entitled, “Purchasing Shares — Exchanging Class A shares for Institutional Class shares”:

Holders of Class A shares that were sold without a front-end sales load but for which the Distributor has paid a commission to a financial intermediary are generally not eligible for this exchange privilege until the applicable CDSC period has expired.  The applicable CDSC period is generally two years after the purchase of such Class A shares purchased prior to July 1, 2020 and is generally 18 months after the purchase of such Class A shares purchased on or after July 1, 2020.


 22.
Effective July 1, 2020, for Delaware Covered Call Strategy Fund, Delaware Equity Income Fund, Delaware Global Equity Fund, Delaware Growth and Income Fund, Delaware Hedged U.S. Equity Opportunities Fund, Delaware International Fund, Delaware Opportunity Fund, Delaware Premium Income Fund, Delaware Growth Equity Fund, Delaware Special Situations Fund, Delaware Total Return Fund, Delaware Floating Rate II Fund, Delaware Fund for Income, Delaware International Opportunities Bond Fund, Delaware Investment Grade Fund, Delaware Limited Duration Bond Fund, and Delaware Strategic Income II Fund only, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:
For purchases of $1 million or more, a Limited CDSC will be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged) according to the following schedule: (i) for shares purchased prior to July 1, 2020, 1.00% if shares are redeemed during the first year after the purchase and 0.50% if shares are redeemed during the second year after the purchase, for Delaware Fund for Income, Delaware International Opportunities Bond Fund, Delaware Investment Grade Fund, Delaware Strategic Income II Fund, Delaware Covered Call Strategy Fund, Delaware Equity Income Fund, Delaware Global Equity Fund, Delaware Growth and Income Fund, Delaware Hedged U.S. Equity Opportunities Fund, Delaware International Fund, Delaware Opportunity Fund, Delaware Premium Income Fund, Delaware Growth Equity Fund, Delaware Special Situations Fund and Delaware Total Return Fund; (ii) for shares purchased on or after July 1, 2020, 1.00% if such shares are redeemed

during the first 18 months after the purchase for Delaware Fund for Income, Delaware International Opportunities Bond Fund, Delaware Investment Grade Fund, Delaware Strategic Income II Fund, Delaware Covered Call Strategy Fund, Delaware Equity Income Fund, Delaware Global Equity Fund, Delaware Growth and Income Fund, Delaware Hedged U.S. Equity Opportunities Fund, Delaware International Fund, Delaware Opportunity Fund, Delaware Premium Income Fund, Delaware Growth Equity Fund, Delaware Special Situations Fund and Delaware Total Return Fund; and (iii) 0.75% if such shares are redeemed during the first year after the purchase for Delaware Floating Rate II Fund, and Limited Duration Bond Fund, if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.”


 23.
Effective July 1, 2020, for all Funds other than Delaware Covered Call Strategy Fund, Delaware Equity Income Fund, Delaware Global Equity Fund, Delaware Growth and Income Fund, Delaware Hedged U.S. Equity Opportunities Fund, Delaware International Fund, Delaware Opportunity Fund, Delaware Premium Income Fund, Delaware Growth Equity Fund, Delaware Special Situations Fund, Delaware Total Return Fund, Delaware Floating Rate II Fund, Delaware Fund for Income, Delaware Government Cash Management Fund, Delaware International Opportunities Bond Fund, Delaware Investment Grade Fund, Delaware Limited Duration Bond Fund, Delaware Strategic Income II Fund, Delaware Tax-Exempt Income Fund, Delaware Tax-Exempt Opportunities Fund, Delaware Tax-Free California Fund, Delaware Tax-Free California II Fund, Delaware Tax-Free New York Fund, Delaware Tax-Free New York II Fund, Delaware Tax-Free New Jersey Fund, Delaware Tax-Free Oregon Fund, Delaware Tax-Free USA Fund, Delaware Tax-Free USA Intermediate Fund, Delaware National High-Yield Municipal Bond Fund, Delaware Investments Ultrashort Fund, and Delaware Limited-Term Diversified Income Fund, the following replaces the first paragraph in the section of the SAI entitled “Redemption and Exchange — Contingent Deferred Sales Charges for Certain Redemptions of Class A shares Purchased at Net Asset Value”:

For purchases of $1 million or more, a Limited CDSC will be imposed on certain redemptions of Class A shares (or shares into which such Class A shares are exchanged) according to the following schedule: (i) for shares purchased prior to July 1, 2020, 1.00% if such shares are redeemed during the first year after the purchase; and 0.50% if such shares are redeemed during the second year after the purchase; and (ii) for shares purchased on or after July 1, 2020, 1.00% if such shares are redeemed during the first 18 months after the purchase, if such purchases were made at NAV and triggered the payment by the Distributor of the dealer’s commission described above in “Dealer’s Commission” under “Purchasing Shares.” 

Because everyone's tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax consequences before making an investment in a Fund.

Delaware Management Company (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 Funds are governed by US laws and regulations.


Please keep this Supplement for future reference.

This Supplement is dated May 29, 2020.