0001206774-12-002300.txt : 20120523 0001206774-12-002300.hdr.sgml : 20120523 20120523123150 ACCESSION NUMBER: 0001206774-12-002300 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20120523 DATE AS OF CHANGE: 20120523 EFFECTIVENESS DATE: 20120523 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: 12863618 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 0000733362 S000002418 DELAWARE TAX-FREE MINNESOTA FUND C000006427 DELAWARE TAX-FREE MINNESOTA FUND CLASS A DEFFX C000006428 DELAWARE TAX-FREE MINNESOTA FUND CLASS B DMOBX C000006429 DELAWARE TAX-FREE MINNESOTA FUND CLASS C DMOCX 497 1 deltaxfreeminesota_497.htm TRANSMITTAL LETTER

Stradley, Ronon, Stevens & Young, LLP
2005 Market Street, Suite 2600
Philadelphia, Pennsylvania 19103-7198
(215) 564-8000

May 23, 2012

VIA EDGAR TRANSMISSION

Filing Desk
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549

      RE:       Voyageur Tax Free Funds (the “Registrant”)
  File Nos. 811-03910; 002-87910
  Rule 497(e) filing

Dear Sir or Madam:

     Pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the “1933 Act”) submitted electronically via the EDGAR system, please find enclosed certain risk/return summary information in an interactive data format using the eXtensible Business Reporting Language (the “XBRL exhibits”). The XBRL exhibits reflect the Item 4 risk/return summary disclosure that was included in the supplement relating to the prospectus dated December 29, 2011, for Delaware Tax-Free Minnesota Fund, a series of the Registrant, that was filed with the U.S. Securities and Exchange Commission via the EDGAR system on May 17, 2012 (Accession No. 0001206774-12-002109) pursuant to Rule 497(e) under the 1933 Act.

     If you have any questions or comments regarding this filing, please call me at (215) 564-8099.

Very truly yours,
 
/s/ Jonathan M. Kopcsik  
Jonathan M. Kopcsik

cc:       Emilia P. Wang
Bruce G. Leto


EX-101.INS 2 dgprx-20120517.xml XBRL INSTANCE DOCUMENT 0000733362 2012-05-17 2012-05-17 0000733362 dgprx:S000002418Member 2012-05-17 2012-05-17 0000733362 dgprx:S000002418Member dgprx:C000006427Member 2012-05-17 2012-05-17 0000733362 rr:AfterTaxesOnDistributionsMember dgprx:S000002418Member dgprx:C000006427Member 2012-05-17 2012-05-17 0000733362 rr:AfterTaxesOnDistributionsAndSalesMember dgprx:S000002418Member dgprx:C000006427Member 2012-05-17 2012-05-17 0000733362 dgprx:S000002418Member dgprx:C000006428Member 2012-05-17 2012-05-17 0000733362 dgprx:S000002418Member dgprx:C000006429Member 2012-05-17 2012-05-17 0000733362 dgprx:S000002418Member dgprx:BarclaysMunicipalBondIndexMember 2012-05-17 2012-05-17 xbrli:pure <p align="left"><b><font size="2" style="font-family:times new roman">Delaware Tax-Free Minnesota Fund</font></b></p> <p align="left"><font size="2" style="font-family:times new roman">Average annual total returns</font><b><font size="2" style="font-family:times new roman"> </font></b><font size="2" style="font-family:times new roman">for periods ended December 31, 2010</font></p> <div style='display: none;'> ~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact dgprx_S000002418Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> <p align="left"><font size="2" style="font-family:times new roman">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></p> -0.0323 -0.0301 -0.0039 -0.0332 -0.0041 0.0238 0.0248 0.0244 0.0269 0.024 0.0267 0.0409 0.0405 0.0398 0.0408 0.0311 0.0376 0.0483 Other 2012-05-17 VOYAGEUR TAX FREE FUNDS 0000733362 false 2012-05-17 2012-05-17 2011-12-29 <p align="center"><b><font size="2" style="font-family:times new roman">VOYAGEUR TAX-FREE FUNDS </font></b></p> <p align="center"><b><font size="2" style="font-family:times new roman">Delaware Tax-Free Minnesota Fund </font></b></p> <p align="center"><b><font size="2" style="font-family:times new roman">Supplement to the Fund&#8217;s Class A, Class B and Class C<br />Summary and Statutory Prospectuses dated<br />December 29, 2011 (the &#8220;Prospectuses&#8221;)</font></b><font size="2" style="font-family:times new roman"> </font></p> <p align="left"><i><font size="2" style="font-family:times new roman">The following replaces the average annual total return table found in the Prospectuses under &#8220;How has Delaware Tax-Free Minnesota Fund performed?&#8221;.</font></i><font size="2" style="font-family:times new roman"> </font></p> <p align="left"><font size="2" style="font-family:times new roman">Average annual total returns</font><b><font size="2" style="font-family:times new roman"> </font></b><font size="2" style="font-family:times new roman">for periods ended December 31, 2010 </font></p> <table style="line-height: 14pt; padding-left: 6pt; width: 100%; padding-right: 6pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; border-top: #000000 1pt solid;" width="70%" nowrap="nowrap"></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-top: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">1 year</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-top: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">5 years</font></td> <td style="text-align: center; border: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">10 years</font></td> </tr> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="70%" nowrap="nowrap"><font size="2" style="font-family:times new roman">Class A return before taxes</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">-3.23%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">2.48%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">4.05%</font></td> </tr> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" width="70%" nowrap="nowrap"><font size="2" style="font-family:times new roman">Class A return after taxes on distributions</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">-3.01%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">2.44%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">3.98%</font></td> </tr> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="70%" nowrap="nowrap"><font size="2" style="font-family:times new roman">&#160;Class A return after taxes on distributions and sale of Fund shares</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">-0.39%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">2.69%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">4.08%</font></td> </tr> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" width="70%" nowrap="nowrap"><font size="2" style="font-family:times new roman">Class B return before taxes</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">-3.32%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">2.40%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">3.11%</font></td> </tr> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="70%" nowrap="nowrap"><font size="2" style="font-family:times new roman">Class C return before taxes</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">-0.41%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">2.67%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" bgcolor="#c0c0c0" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">3.76%</font></td> </tr> <tr valign="bottom"> <td align="left" style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid;" width="70%" nowrap="nowrap"><font size="2" style="font-family:times new roman">Barclays Municipal Bond Index (reflects no deduction for fees, expenses, or taxes)</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">2.38%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">4.09%</font></td> <td style="border-bottom: #000000 1pt solid; text-align: center; border-left: #000000 1pt solid; border-right: #000000 1pt solid;" width="10%" nowrap="nowrap"><font size="2" style="font-family:times new roman">4.83%</font></td> </tr> </table> <div>&#160;</div> <p align="left"><font size="2" style="font-family:times new roman">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></p> <p align="center"><b><i><font size="2" style="font-family:times new roman">Please keep this Supplement for future reference.</font></i></b></p> <p align="left"><b><font size="2" style="font-family:times new roman">This Supplement is dated May 17, 2012.</font></b><font size="2" style="font-family:times new roman"> </font></p> <p align="left"><b><font size="2" style="font-family:times new roman">Investments in the Fund are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. 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XML 12 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate May 17, 2012
Entity Registrant Name dei_EntityRegistrantName VOYAGEUR TAX FREE FUNDS
Entity Central Index Key dei_EntityCentralIndexKey 0000733362
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate May 17, 2012
Document Effective Date dei_DocumentEffectiveDate May 17, 2012
Prospectus Date rr_ProspectusDate Dec. 29, 2011
DELAWARE TAX-FREE MINNESOTA FUND | CLASS A
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 (3.23%)
5 years rr_AverageAnnualReturnYear05 2.48%
10 years rr_AverageAnnualReturnYear10 4.05%
DELAWARE TAX-FREE MINNESOTA FUND | CLASS A | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 (3.01%)
5 years rr_AverageAnnualReturnYear05 2.44%
10 years rr_AverageAnnualReturnYear10 3.98%
DELAWARE TAX-FREE MINNESOTA FUND | CLASS A | After Taxes on Distributions and Sales
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 (0.39%)
5 years rr_AverageAnnualReturnYear05 2.69%
10 years rr_AverageAnnualReturnYear10 4.08%
DELAWARE TAX-FREE MINNESOTA FUND | CLASS B
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 (3.32%)
5 years rr_AverageAnnualReturnYear05 2.40%
10 years rr_AverageAnnualReturnYear10 3.11%
DELAWARE TAX-FREE MINNESOTA FUND | CLASS C
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 (0.41%)
5 years rr_AverageAnnualReturnYear05 2.67%
10 years rr_AverageAnnualReturnYear10 3.76%
DELAWARE TAX-FREE MINNESOTA FUND
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading

Delaware Tax-Free Minnesota Fund

Performance Table Heading rr_PerformanceTableHeading

Average annual total returns for periods ended December 31, 2010

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

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

Supplement [Text Block] dgprx_SupplementTextBlock

VOYAGEUR TAX-FREE FUNDS

Delaware Tax-Free Minnesota Fund

Supplement to the Fund’s Class A, Class B and Class C
Summary and Statutory Prospectuses dated
December 29, 2011 (the “Prospectuses”)

The following replaces the average annual total return table found in the Prospectuses under “How has Delaware Tax-Free Minnesota Fund performed?”.

Average annual total returns for periods ended December 31, 2010

1 year 5 years 10 years
Class A return before taxes -3.23% 2.48% 4.05%
Class A return after taxes on distributions -3.01% 2.44% 3.98%
 Class A return after taxes on distributions and sale of Fund shares -0.39% 2.69% 4.08%
Class B return before taxes -3.32% 2.40% 3.11%
Class C return before taxes -0.41% 2.67% 3.76%
Barclays Municipal Bond Index (reflects no deduction for fees, expenses, or taxes) 2.38% 4.09% 4.83%
 

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

Please keep this Supplement for future reference.

This Supplement is dated May 17, 2012.

Investments in the Fund are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Fund, the repayment of capital from the Fund, or any particular rate of return.

DELAWARE TAX-FREE MINNESOTA FUND | Barclays Municipal Bond Index (reflects no deduction for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 2.38%
5 years rr_AverageAnnualReturnYear05 4.09%
10 years rr_AverageAnnualReturnYear10 4.83%
XML 13 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
DELAWARE TAX-FREE MINNESOTA FUND

Delaware Tax-Free Minnesota Fund

Average annual total returns for periods ended December 31, 2010

Average Annual Total Returns DELAWARE TAX-FREE MINNESOTA FUND
1 year
5 years
10 years
CLASS A
(3.23%) 2.48% 4.05%
CLASS A After Taxes on Distributions
(3.01%) 2.44% 3.98%
CLASS A After Taxes on Distributions and Sales
(0.39%) 2.69% 4.08%
CLASS B
(3.32%) 2.40% 3.11%
CLASS C
(0.41%) 2.67% 3.76%
Barclays Municipal Bond Index (reflects no deduction for fees, expenses, or taxes)
2.38% 4.09% 4.83%

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

VOYAGEUR TAX-FREE FUNDS

Delaware Tax-Free Minnesota Fund

Supplement to the Fund’s Class A, Class B and Class C
Summary and Statutory Prospectuses dated
December 29, 2011 (the “Prospectuses”)

The following replaces the average annual total return table found in the Prospectuses under “How has Delaware Tax-Free Minnesota Fund performed?”.

Average annual total returns for periods ended December 31, 2010

1 year 5 years 10 years
Class A return before taxes -3.23% 2.48% 4.05%
Class A return after taxes on distributions -3.01% 2.44% 3.98%
 Class A return after taxes on distributions and sale of Fund shares -0.39% 2.69% 4.08%
Class B return before taxes -3.32% 2.40% 3.11%
Class C return before taxes -0.41% 2.67% 3.76%
Barclays Municipal Bond Index (reflects no deduction for fees, expenses, or taxes) 2.38% 4.09% 4.83%
 

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

Please keep this Supplement for future reference.

This Supplement is dated May 17, 2012.

Investments in the Fund are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Fund, the repayment of capital from the Fund, or any particular rate of return.

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