Delaware Pooled Trust, Inc.- The Limited-Term Maturity
Portfolio
Statement of Assets and Liabilities
April 30, 1998
(Unaudited)
ASSETS:
Cash $ 21,000
Deferred organization and
registration expenses 57,592
------
78,592
------
LIABILITIES:
Accounts payable
and other accrued expenses 57,592
------
57,592
------
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, 1998
(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 16 separate Portfolios (The
"Portfolios"). The Large-Cap Value Equity Portfolio, The
Small/Mid-Cap Value Equity Portfolio (formerly The Defensive
Equity Small/Mid-Cap Portfolio), The Aggressive Growth
Portfolio, The Real Estate Investment Trust Portfolio, The
Real Estate Investment Trust Portfolio II, The Intermediate
Fixed Income Portfolio, The Aggregate Fixed Income
Portfolio, The High-Yield Bond Portfolio, The Diversified
Core Fixed Income Portfolio, The Global Equity 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, 1998. The Limited-Term
Maturity Portfolio had not commenced operations as of April
30, 1998. These financial statements and related notes
pertain to all the portfolios with the exception of the Real
Estate Investment Trust Portfolio which is included in a
separate report.
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 principles.
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 principles
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 October 31, 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, 1998.
3. Components of Net Assets
2,000,000,000 shares, $.01 par value, have been authorized
to the Fund with 50,000,000 shares allocated to the
Portfolio.
