Income from US obligations

In most states, income from US Treasury securities and other direct US government obligations is generally exempt from state income taxes. To determine if this income is exempt in the state where you reside, please consult your tax advisor.

Listed here for your information are the percentages of income earned from US Treasury securities and other direct US government obligations for the following funds during calendar year 2019.

Percentage of interest income from US Treasury, other direct US obligations for 2019

Fund* Percentage of interest income
1/1/19–10/4/19
(former Fund)
10/7/19–12/31/19
(new Fund)
Delaware Equity Income Fund
(formerly, First Investors Equity Income Fund)
2.79% 0.19%
Delaware Floating Rate II Fund
(formerly, First Investors Floating Rate Fund)
1.79% 
Delaware Fund for Income
(formerly, First Investors Fund For Income)
0.00%
Delaware Global Equity Fund
(formerly, First Investors Global Fund)
1.22%
Delaware Government Cash Management Fund 
(formerly, First Investors Government Cash Management Fund)
99.78% 77.82%
Delaware Growth and Income Fund
(formerly, First Investors Growth & Income Fund)
3.65% 0.07%
Delaware Growth Equity Fund
(formerly, First Investors Select Growth Fund)
1.92%
Delaware International Fund
(formerly, First Investors International Fund)
2.02%
Delaware International Opportunities Bond Fund
(formerly, First Investors International Opportunities Bond Fund)
8.28% 19.73%
Delaware Investment Grade Fund
(formerly, First Investors Investment Grade Fund)
2.34% 0.28%
Delaware Limited Duration Bond Fund
(formerly, First Investors Limited Duration Bond Fund)
7.24% 7.38%
Delaware Opportunity Fund
(formerly, First Investors Opportunity Fund)
2.66% 0.04%
Delaware Special Situations Fund
(formerly, First Investors Special Situations Fund)
2.40% 0.57%
Delaware Strategic Income II Fund
(formerly, First Investors Strategic Income Fund)
3.25% 4.11%
Delaware Total Return Fund
(formerly, First Investors Total Return Fund)
6.90% 0.15%
Source: Delaware Funds® by Macquarie

* On April 6, 2019, Foresters Investment Management Company, Inc. (FIMCO), the investment adviser to the First Investors Funds, entered into an agreement with Macquarie Management Holdings, Inc. (MMHI), a leading global investment management company, whereby MMHI, on behalf of its affiliate Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust (Macquarie), would acquire FIMCO’s asset management business (the “Transaction”). In connection with the Transaction, the Board of Trustees of the First Investors Trusts approved, pursuant to an Agreement and Plan of Reorganization (the “Agreement”), the transfer of all assets and liabilities of each First Investors Fund to a corresponding, newly formed fund (each, an “Acquiring Fund,” and collectively, the “Acquiring Funds”) in the Delaware Funds by Macquarie family of funds (each, a “Reorganization” and together, the “Reorganizations”). The requisite approval of each Reorganization from shareholders of each First Investors Fund was obtained and each Acquiring Fund is currently managed by DMC. Each Acquiring Fund has the same or substantially the same investment objective and the same or similar principal investment strategies and principal risks as the corresponding First Investors Fund. The Transaction closed on Oct. 4, 2019 (the “Closing Date”). Information, including without limitation historical holdings and performance information, relating to the Acquiring Funds for periods prior to the Closing Date has been provided by FIMCO and is attributable to the Acquired Funds.

Investing involves risk, including the possible loss of principal.

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus and its summary prospectus, which may be obtained by visiting delawarefunds.com/literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.

Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. Advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.