Updated Commentary for Delaware Investments
Delaware Balanced Fund
The following commentary corrects the discussion of bond duration
that is found on page 8 in the Delaware Balanced Fund semi-annual
shareholder report.
Duration measures a bond's sensitivity to interest rates and
helps indicate the potential change of a bond's price given a 1%
movement in interest rates. A longer duration increases the
likelihood that an investment will appreciate in value if
interest rates fall, as well as the possibility of principal loss
when rates rise.
DELAWARE
INVESTMENTS
