Mutual Fund Summary Prospectus (497k)
October 28 2013 - 12:59PM
Edgar (US Regulatory)
DELAWARE
GROUP
®
EQUITY FUNDS IV
Delaware Healthcare Fund (the
Fund)
Supplement to the Funds Class
A, 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
|
|
C
|
|
R
|
|
Inst.
|
Maximum sales charge (load)
imposed on purchases
|
|
|
|
|
|
|
|
as a percentage of offering
price
|
5.75%
|
|
none
|
|
none
|
|
none
|
Maximum
contingent deferred sales charge (load) as a
|
|
|
|
|
|
|
|
percentage of
original purchase price or redemption
|
|
|
|
|
|
|
|
price, whichever
is lower
|
none
|
|
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
|
|
C
|
|
R
|
|
Inst.
|
Management fees
|
0.85%
|
|
0.85%
|
|
0.85%
|
|
0.85%
|
Distribution and
service (12b-1) fees
|
0.25%
|
|
1.00%
|
|
0.50%
|
|
none
|
Other expenses
|
0.48%
|
|
0.48%
|
|
0.48%
|
|
0.48%
|
Total annual
fund operating expenses
|
1.58%
2
|
|
2.33%
2
|
|
1.83%
2
|
|
1.33%
2
|
1
|
If you redeem
Class C shares during the first year after you buy them, you will pay a
contingent deferred sales charge (CDSC) of 1.00%.
|
|
2
|
The Fund's
investment manager, Delaware Management Company (Manager), has
contractually agreed to waive all or a portion of its investment advisory
fees and/or pay/reimburse expenses (excluding any 12b-1 plan, taxes,
interest, inverse floater program expenses, short sale and dividend
interest expenses, brokerage fees, certain insurance costs, acquired fees
and expenses, and nonroutine expenses or costs, including, but not limited
to, those relating to reorganizations, litigation, conducting shareholder
meetings, and liquidations) in order to prevent annual fund operating
expenses from exceeding 1.35% of the Fund's average daily net assets from
January 28, 2013 through January 28, 2014. These waivers and
reimbursements may only be terminated by agreement of the Manager and the
Fund's distributor, Delaware Distributors, L.P. (Distributor), as
applicable, and the Fund.
|
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 the applicable waivers and reimbursements 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
|
|
|
|
|
|
|
|
|
|
|
redeemed)
|
|
|
|
|
|
|
Class
|
|
A
|
|
C
|
|
C
|
|
R
|
|
Inst.
|
1 year
|
|
$726
|
|
$236
|
|
$336
|
|
$186
|
|
$135
|
3
years
|
|
$1,045
|
|
$727
|
|
$727
|
|
$576
|
|
$421
|
5 years
|
|
$1,386
|
|
$1,245
|
|
$1,245
|
|
$990
|
|
$729
|
10
years
|
|
$2,345
|
|
$2,666
|
|
$2,666
|
|
$2,148
|
|
$1,601
|
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.
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