Mutual Fund Summary Prospectus (497k)
October 28 2013 - 1:01PM
Edgar (US Regulatory)
DELAWARE
GROUP
®
EQUITY FUNDS IV
Delaware Smid Cap Growth Fund
(the Fund)
Supplement to the Funds Class
A, Class B, Class C, Class R, and Institutional Class
Summary Prospectus
dated January 28, 2013
The following replaces the
information in the section entitled, What are the Funds fees and expenses?.
What are the Funds fees and
expenses?
The following table describes the
fees and expenses that you may pay if you buy and hold shares of the Fund. You
may qualify for sales-charge discounts if you and your family invest, or agree
to invest in the future, at least $50,000 in Delaware Investments
®
Funds. More information about these and other discounts is available from your
financial advisor, in the Fund's prospectus under the section entitled About
your account, and in the Fund's statement of additional information under the
section entitled Purchasing shares.
Shareholder fees (fees paid directly
from your investment)
Class
|
|
A
|
|
B
|
|
C
|
|
R
|
|
Inst.
|
Maximum sales charge (load)
imposed on
|
|
|
|
|
|
|
|
|
|
|
purchases as a percentage of
offering price
|
|
5.75%
|
|
none
|
|
none
|
|
none
|
|
none
|
Maximum
contingent deferred sales charge (load)
|
|
|
|
|
|
|
|
|
|
|
as a percentage
of original purchase price or
|
|
|
|
|
|
|
|
|
|
|
redemption
price, whichever is lower
|
|
none
|
|
4.00%
1
|
|
1.00%
1
|
|
none
|
|
none
|
Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your
investment)
Class
|
|
A
|
|
B
|
|
C
|
|
R
|
|
Inst.
|
Management fees
|
|
0.71%
|
|
0.71%
|
|
0.71%
|
|
0.71%
|
|
0.71%
|
Distribution and
service (12b-1) fees
|
|
0.25%
2
|
|
1.00%
|
|
1.00%
|
|
0.50%
|
|
none
|
Other expenses
|
|
0.24%
|
|
0.24%
|
|
0.24%
|
|
0.24%
|
|
0.24%
|
Total annual
fund operating expenses
|
|
1.20%
|
|
1.95%
|
|
1.95%
|
|
1.45%
|
|
0.95%
|
Fee waivers and expense
reimbursements
|
|
none
|
|
(0.75%)
2
|
|
none
|
|
none
|
|
none
|
Total annual
fund operating expenses after fee
|
|
|
|
|
|
|
|
|
|
|
waivers and
expense reimbursements
|
|
1.20%
|
|
1.20%
|
|
1.95%
|
|
1.45%
|
|
0.95%
|
1
|
|
If you redeem Class B shares
during the first year after you buy them, you will pay a contingent
deferred sales charge (CDSC) of 4.00%, which declines to 3.25% during the
second year, 2.75% during the third year, 2.25% during the fourth and
fifth years, 1.50% during the sixth year, and 0% thereafter. Class C
shares redeemed within one year of purchase are subject to a 1.00%
CDSC.
|
|
2
|
|
The Fund's distributor,
Delaware Distributors, L.P. (Distributor), has contracted to limit the
Fund's Class B shares' 12b-1 fee to no more than 0.25% of average daily
net assets from August 1, 2013 through July 31, 2014. Additionally, the
Fund's Class A shares are subject to a blended rate of 0.10% on all shares
acquired prior to June 1, 1992, and 0.25% on all shares acquired on or
after June 1, 1992. This method of calculating Class A 12b-1 fees may be
discontinued at the sole discretion of the
Board.
|
Example
This example is intended to help you
compare the cost of investing in the Fund with the cost of investing in other
mutual funds. The example assumes that you invest $10,000 in the Fund for the
time periods indicated and then redeem all of your shares at the end of those
periods. The example also assumes that your investment has a 5% return each year
and reflects any applicable Delaware Distributors L.P. (Distributor) expense
waivers and for the 1-year contractual period and the total operating expenses
without waivers for years 2 through 10. Although your actual costs may be higher
or lower, based on these assumptions your costs would be:
|
|
|
|
(if
not
|
|
|
|
(if
not
|
|
|
|
|
|
|
|
|
|
|
redeemed)
|
|
|
|
redeemed)
|
|
|
|
|
|
|
Class
|
|
A
|
|
B
|
|
B
|
|
C
|
|
C
|
|
R
|
|
Inst.
|
1 year
|
|
$690
|
|
$122
|
|
$522
|
|
$198
|
|
$298
|
|
$148
|
|
$97
|
3
years
|
|
$934
|
|
$540
|
|
$815
|
|
$612
|
|
$612
|
|
$459
|
|
$303
|
5 years
|
|
$1,197
|
|
$983
|
|
$1,208
|
|
$1,052
|
|
$1,052
|
|
$792
|
|
$525
|
10
years
|
|
$1,946
|
|
$2,018
|
|
$2,018
|
|
$2,275
|
|
$2,275
|
|
$1,735
|
|
$1,166
|
Investments in the Fund are not
and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46
008 583 542 and its holding companies, including their subsidiaries or related
companies (the Macquarie Group), and are subject to investment risk, including
possible delays in repayment and loss of income and capital invested. No
Macquarie Group company guarantees or will guarantee the performance of the
Fund, the repayment of capital from the Fund, or any particular rate of return.
Please keep this Supplement
for future reference.
This Supplement is dated October
28, 2013.
Quaint Oak Bancorp (QB) (USOTC:QNTO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Quaint Oak Bancorp (QB) (USOTC:QNTO)
Historical Stock Chart
From Jul 2023 to Jul 2024