Delaware Pooled Trust, Inc.- The Limited-Term Maturity Portfolio
Statement of Assets and Liabilities
April 30, 1997
(Unaudited)
ASSETS:
Cash $ 21,000
Deferred organization and
registration expenses 50,341
______
71,341
______
LIABILITIES:
Accounts payable
and other accrued expenses 50,341
______
50,341
______
NET ASSETS APPLICABLE TO 2,100
($.01 PAR VALUE)
SHARES OUTSTANDING; EQUIVALENT
TO $10.00 PER SHARE $ 21,000
______
______
See accompanying notes
Delaware Pooled Trust, Inc.- The Limited-Term Maturity Portfolio
Notes to Financial Statements
April 30, 1997
(Unaudited)
Delaware Pooled Trust, Inc. (the Fund") is registered as a
diversified open-end investment company under the Investment
Company Act of 1940, as amended. The Fund is organized as a
Maryland Corporation and offers twelve separate Portfolios
("Portfolios"). The Defensive Equity Portfolio, The Aggressive
Growth Portfolio, The Real Estate Investment Trust Portfolio, The
Fixed Income Portfolio, The High-Yield Bond Portfolio, The
International Equity Portfolio, The Labor Select International
Equity Portfolio, The Emerging Markets Portfolio, The Global
Fixed Income Portfolio and The International Fixed Income
Portfolio had commenced operations prior to April 30, 1997. The
Defensive Equity Small/Mid-Cap Portfolio and The Limited-Term
Maturity Portfolio had not commenced operations as of April 30,
1997.
1. Significant Accounting Policies
The following accounting policies are in accordance with
generally accepted accounting principles and are consistently
followed by the Portfolio:
Security Valuation-Securities listed on an exchange will be
valued at the last quoted sales price as of 4:00 pm EST on the
valuation date. Securities not traded or securities not listed
on an exchange will be valued at the mean of the last quoted bid
and asked prices. Long-term debt securities will be valued by an
independent pricing service when such prices are believed to
reflect the fair value of such securities. Money market
instruments having less than 60 days to maturity will be valued
at amortized cost which approximate market value.
Federal Income Taxes-The Portfolio intends to continue to qualify
as a regulated investment company and make the requisite
distributions to shareholders. Accordingly, no provision for
federal income taxes has been made. Income and capital gain
distributions are determined in accordance with federal income
tax regulations which may differ from generally accepted
accounting principals.
Repurchase Agreements-The Portfolio may invest in a pooled cash
account along with other members of the Delaware Group of Funds.
The aggregate daily balance of the pooled cash account will be
invested in repurchase agreements secured by obligations of the
U.S. government. The respective collateral will be held by the
Portfolio s custodian bank until the maturity of the respective
repurchase agreements. Each repurchase agreement is at least
100% collateralized. However, in the event of default or
bankruptcy by the counterparty to the agreement, realization of
the collateral may be subject to legal proceedings.
Use of Estimates-The preparation of financial statements in
conformity with generally accepted accounting principals requires
management to make estimates and assumptions that affect the
reported amounts of assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could
differ from those estimates.
Other-Expenses common to all Funds within the Delaware Group of
Funds will be allocated amongst the funds on the basis of average
net assets. Security transactions will be recorded on the date
the securities are purchased or sold (trade date). Costs used in
calculating realized gains and losses on the sale of investment
securities will be those of the specific securities sold.
Dividend income will be recorded on the ex-dividend date and
interest income will be recorded on an accrual basis. Original
issue discounts will be accreted to interest income over the
lives of the respective securities. Organization and
registration expenses will be amortized over a five and two year
period respectively, beginning on the date of commencement of
operations. No amortization expense has been recognized as of
April 30, 1997.
2. Investment Management and Distribution Agreement
In accordance with the terms of the Investment Management
Agreement, the Portfolio will pay Delaware Management Company,
Inc. (DMC), the Investment Manager of the Portfolio an annual fee
which will be calculated daily at the rate of 0.30% of average
daily net assets.
DMC has undertaken voluntarily to waive its fee and reimburse the
Portfolio to the extent that annual operating expenses exclusive
of taxes, interest, brokerage commissions and extraordinary
expenses, exceed 0.43% of average net assets through October 31,
1997.
3. Components of Net Assets
500,000,000 shares, $.01 par value, have been authorized to the
Fund with 50,000,000 shares allocated to the Portfolio.
Notes to Financial Statements (Continued)
4. Financial Highlights
Selected data for each share of the Portfolio outstanding
throughout the period has been omitted since the Portfolio has
not commenced operations.
Delaware Pooled Trust, Inc.- The Defensive Equity Small/Mid-Cap
Portfolio
Statement of Assets and Liabilities
April 30, 1997
(Unaudited)
ASSETS:
Deferred organization and
registration expenses $ 18,618
______
18,618
______
LIABILITIES:
Accounts payable
and other accrued expenses 18,618
______
18,618
______
NET ASSETS $ -0-
______
______
See accompanying notes
Delaware Pooled Trust, Inc.- The Defensive Equity Small/Mid-Cap
Portfolio
Notes to Financial Statements
April 30, 1997
(Unaudited)
Delaware Pooled Trust, Inc. (the Fund") is registered as a
diversified open-end investment company under the Investment
Company Act of 1940, as amended. The Fund is organized as a
Maryland Corporation and offers twelve separate Portfolios
("Portfolios"). The Defensive Equity Portfolio, The Aggressive
Growth Portfolio, The Real Estate Investment Trust Portfolio, The
Fixed Income Portfolio, The High-Yield Bond Portfolio, The
International Equity Portfolio, The Emerging Markets Portfolio,
The Labor Select International Equity Portfolio, The
International Fixed Income Portfolio and The Global Fixed Income
Portfolio had commenced operations prior to April 30, 1997. The
Defensive Equity Small/Mid-Cap Portfolio and The Limited-Term
Maturity Portfolio had not commenced operations as of April 30,
1997.
1. Significant Accounting Policies
The following accounting policies are in accordance with
generally accepted accounting principles and are consistently
followed by the Portfolio:
Security Valuation-Securities listed on an exchange will be
valued at the last quoted sales price as of 4:00 pm EST on the
valuation date. Securities not traded or securities not listed
on an exchange will be valued at the mean of the last quoted bid
and asked prices. Long-term debt securities will be valued by an
independent pricing service when such prices are believed to
reflect the fair value of such securities. Money market
instruments having less than 60 days to maturity will be valued
at amortized cost which approximates market value.
Federal Income Taxes-The Portfolio intends to continue to qualify
as a regulated investment company and make the requisite
distributions to shareholders. Accordingly, no provision for
federal income taxes has been made. Income and capital gain
distributions are determined in accordance with federal income
tax regulations which may differ from generally accepted
accounting principals.
Repurchase Agreements-The Portfolio may invest in a pooled cash
account along with other members of the Delaware Group of Funds.
The aggregate daily balance of the pooled cash account will be
invested in repurchase agreements secured by obligations of the
U.S. government. The respective collateral will be held by the
Portfolio s custodian bank until the maturity of the respective
repurchase agreements. Each repurchase agreement is at least
100% collateralized. However, in the event of default or
bankruptcy by the counterparty to the agreement, realization of
the collateral may be subject to legal proceedings.
Use of Estimates-The preparation of financial statements in
conformity with generally accepted accounting principals requires
management to make estimates and assumptions that affect the
reported amounts of assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could
differ from those estimates.
Other-Expenses common to all Funds within the Delaware Group of
Funds will be allocated amongst the funds on the basis of average
net assets. Security transactions will be recorded on the date
the securities are purchased or sold (trade date). Costs used in
calculating realized gains and losses on the sale of investment
securities will be those of the specific securities sold.
Dividend income will be recorded on the ex-dividend date and
interest income will be recorded on an accrual basis. Original
issue discounts will be accreted to interest income over the
lives of the respective securities. Organization and
registration expenses will be amortized over a five and two year
period respectively, beginning on the date of commencement of
operations. No amortization expense has been recognized as of
April 30, 1997.
2. Investment Management and Distribution Agreement
In accordance with the terms of the Investment Management
Agreement, the Portfolio will pay Delaware Management Company,
Inc. (DMC), the Investment Manager of the Portfolio an annual fee
which will be calculated daily at the rate of 0.65% of average
daily net assets.
DMC has undertaken voluntarily to waive its fee and reimburse the
Portfolio to the extent that annual operating expenses exclusive
of taxes, interest, brokerage commissions and extraordinary
expenses, exceed 0.79% of average net assets through October 31,
1997.
3. Components of Net Assets
500,000,000 shares, $.01 par value, have been authorized to the
Fund with 50,000,000 shares allocated to the Portfolio.
Notes to Financial Statements (Continued)
4. Financial Highlights
Selected data for each share of the Portfolio outstanding
throughout the period has been omitted since the Portfolio has
not commenced operations.
