Delaware Tax-Free Pennsylvania Fund

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The fund has returned 6.47 percent over the past year, 5.53 percent over the past three years, 6.03 percent over the past five years, and 4.76 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 7.5%
1 Year 6.5%
3 Years (Annualized) 5.5%
5 Years (Annualized) 6.0%
10 Years (Annualized) 4.8%

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The investment seeks as high a level of current income exempt from federal income tax and from Pennsylvania state personal income tax as is consistent with preservation of capital. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that provide income that is exempt from federal income taxes, including the federal alternative minimum tax, and the personal income tax of the Commonwealth of Pennsylvania. The Manager invests the fund's assets in securities with maturities of various lengths, depending on market conditions.

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