Fund Description

The fund was incepted in December 1993 and is managed by Delaware Management Company. The objective of the fund is to seek maximum capital appreciation. The fund invests in companies of all sizes with a focus on mid-cap and large capital companies whose earnings are expected to grow faster than the U.S. economy in general. The fund considers many factors in selecting a company, including low dividend yields, strong balance sheets and high expected earnings growth relative to its industry; and employs a disciplined research-intensive selection process designed to identify earnings catalysts such as management changes; new products; structural changes in the economy; or corporate restructuring and turnaround situations. Dividends are distributed annually. Capital gains are distributed in December.