Delaware Emerging Markets Fund

Scorecard
3 / 5 Stars
Lipper
4 3 1 3 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
E (Sell)

Fund Holdings

The fund holds an average of 150 stocks. Although it is an emerging markets fund, management also favors companies in developed countries that have large emerging market footprints. Management particularly likes the utilities, telecom and consumer goods industries. The fund is slightly overweight in China and Russia and underweight in India.

Asset Allocation

% Long % Short % Net
Cash 2.65 0.0 2.65
Stocks 11.74 0.0 11.74
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 84.81 0.0 84.81
Convertible 0.0 0.0 0.0
Preferred 0.79 0.0 0.79

Updated 02.28.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 02.28.2013

Ticker YTD Return % % Net Assets
Avon Products Inc AVP 59.12 4.83
Samsung Electronics Co Ltd SSNLF 0.0 4.75
Yahoo! Inc YHOO 22.11 4.34
Tim Holding Company ADR TSU 2.98 3.59
Petroleo Brasileiro SA Petrobras ADR PBR -3.26 2.84
Grupo Televisa, S.A. ADR TV -5.04 2.42
SK Telecom Co., Ltd. ADR SKM 21.98 2.4
Sohu.com Inc SOHU 7.71 1.84
Fibria Celulose SA ADR FBR -8.0 1.81
Hon Hai Precision Ind. Co., Ltd. 2317 --- 1.75
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