0001206774-13-000934.txt : 20130306 0001206774-13-000934.hdr.sgml : 20130306 20130306095934 ACCESSION NUMBER: 0001206774-13-000934 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130306 DATE AS OF CHANGE: 20130306 EFFECTIVENESS DATE: 20130306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP INCOME FUNDS CENTRAL INDEX KEY: 0000027825 IRS NUMBER: 232869117 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-37707 FILM NUMBER: 13668402 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP INCOME FUNDS INC DATE OF NAME CHANGE: 19961202 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP DELCHESTER HIGH YIELD BOND FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELCHESTER BOND FUND INC DATE OF NAME CHANGE: 19880718 0000027825 S000003923 DELAWARE EXTENDED DURATION BOND FUND C000011010 CLASS A DEEAX C000011011 CLASS B DEEBX C000011012 CLASS C DEECX C000011013 CLASS R DEERX C000011014 INSTITUTIONAL CLASS DEEIX 497 1 degrpincomefund_497.htm DEFINITIVE MATERIALS

Stradley Ronon Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103
Telephone: (215) 564-8099
Facsimile: (215) 564-8120

March 6, 2013

VIA EDGAR

U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Filing Desk

        Re:         Delaware Group Income Funds (the “Registrant”)
SEC File Nos. 002-37707 and 811-02071
Rule 497(e) filing

Ladies and Gentlemen:

     Enclosed for filing pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the “1933 Act”) are exhibits containing interactive data format risk/return summary information that reflect a supplement to the risk/return summary information contained in the prospectus dated November 28, 2012, for Delaware Extended Duration Bond Fund, a series of the Registrant, as filed pursuant to Rule 497(e) under the 1933 Act on February 15, 2013 (Accession Number: 0001206774-13-000629).

     Please direct questions or comments relating to this filing to me at the above-referenced telephone number.

Very truly yours,

 

/s/ Jonathan M. Kopcsik

 

Jonathan M. Kopcsik



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You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in Delaware Investments<sup style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">&#174;</sup>&#160;Funds. More information about these and other discounts is available from your financial advisor, in the Fund&#8217;s prospectus under the section entitled &#8220;About your account,&#8221; and in the Fund&#8217;s statement of additional information under the section entitled &#8220;Purchasing shares.&#8221;</font></div> <div><font size="2" style="font-family:times new roman,times"><b><font style="font-family: times new roman,times;" size="2"><b>Shareholder fees (fees paid directly from your investment)</b></font></b></font></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/ShareholderFees column dei_LegalEntityAxis compact cik0000027825_S000003923Member row primary compact * ~ </div> <div><font size="2" style="font-family:times new roman,times"><b>Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) </b></font></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/AnnualFundOperatingExpenses column dei_LegalEntityAxis compact cik0000027825_S000003923Member row primary compact * ~ </div> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman;" size="2">Example</font></b></div> <div><font size="2" style="font-family:times new roman,times">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:</font></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/ExpenseExampleTransposed column dei_LegalEntityAxis compact cik0000027825_S000003923Member row primary compact * ~ </div> <div><font size="2" style="font-family:times new roman,times"><b>if not redeemed</b></font></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/ExpenseExampleNoRedemptionTransposed column dei_LegalEntityAxis compact cik0000027825_S000003923Member row primary compact * ~ </div> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">Portfolio turnover</font></b></div> <div><font size="2" style="font-family:times new roman,times">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 172% of the average value of its portfolio.</font></div> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">What are the Fund&#8217;s principal investment strategies&#63;</font></b></div> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">The Fund invests primarily in corporate bonds. Our focus is on corporate bonds that have investment grade credit ratings from a nationally recognized statistical rating organization (NRSRO). The bonds we select for the portfolio are typically rated BBB- and above by Standard &amp; Poor&#8217;s (S&amp;P), Baa3 and above by Moody&#8217;s Investors Service, Inc. (Moody&#8217;s), or similarly rated by another NRSRO. We may also invest in unrated bonds, if we believe their credit quality is comparable to those that have investment grade ratings.</font></p> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">The Fund may also invest up to 20% of its net assets in high yield corporate bonds (&#8220;junk bonds&#8221;). In addition, the Fund may invest up to 35% of its total assets in foreign securities, but the Fund&#8217;s total non-U.S.-dollar currency exposure will be limited, in the aggregate, to no more than 25% of net assets.</font></div> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">The average portfolio duration of the Fund will generally vary within two years (plus or minus) of the current average duration of the Barclays Long U.S. Corporate Index, which as of October 31, 2012, was 14 years. Duration measures a bond&#8217;s sensitivity to interest rates by indicating the approximate change in a bond or bond fund&#8217;s price given a 1% change in interest rates.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">Under normal circumstances, the Fund will invest at least 80% of its net assets in corporate bonds. This policy is not a fundamental investment policy and can be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change.</font></p> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">What are the principal risks of investing in the Fund&#63;</font></b></div> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund&#8217;s portfolio. Principal risks include:</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Investments not guaranteed by the Manager or its affiliates</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; 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 (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.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Market risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The risk that all or a majority of the securities in a certain market &#8212; such as the stock or bond market &#8212; will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Interest rate risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The risk that securities will decrease in value if interest rates rise. This risk is generally associated with bonds.</font></p> <div style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; page-break-before: always;"><b><font size="2" style="font-family:times new roman">Credit risk&#160;</font></b><font size="2" style="font-family:times new roman">&#8212; The risk that an issuer of a debt security, including a governmental issuer, may be unable to make interest payments and repay principal in a timely manner.</font></div> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">High yield (junk bond) risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The risk that high yield securities, commonly known as &#8220;junk bonds,&#8221; are subject to reduced creditworthiness of issuers; increased risk of default and a more limited and less liquid secondary market; and greater price volatility and risk of loss of income and principal than are higher rated securities. High yield bonds are sometimes issued by municipalities with less financial strength and therefore less ability to make projected debt payments on the bonds.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Bank loans and other indebtedness risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The risk that the portfolio will not receive payment of principal, interest, and other amounts due in connection with these investments and will depend primarily on the financial condition of the borrower and the lending institution.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Foreign risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The risk that foreign securities (particularly in emerging markets) may be adversely affected by political instability; changes in currency exchange rates; inefficient markets and higher transaction costs; foreign economic conditions; or inadequate or different regulatory and accounting standards.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Forward foreign currency risk&#160;</font></b><font size="2" style="font-family:times new roman">&#8212; The use of forward foreign currency exchange contracts may substantially change a fund&#8217;s exposure to currency exchange rates and could result in losses to the fund if currencies do not perform as the Manager expects. The use of these investments as a hedging technique to reduce a fund&#8217;s exposure to currency risks may also reduce its ability to benefit from favorable changes in currency exchange rates.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Liquidity risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The possibility that securities cannot be readily sold within seven days at approximately the price at which a fund has valued them.</font></p> <p align="left" style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><b><font size="2" style="font-family:times new roman">Derivatives risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; Derivative contracts, such as options, futures, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, or a securities index to which a derivative contract is associated, moves in the opposite direction from what the portfolio manager anticipated. Derivative contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to financial difficulties (such as a bankruptcy or reorganization).</font></p> <div style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; page-break-before: always;"><b><font size="2" style="font-family:times new roman">Government and regulatory risk</font></b><font size="2" style="font-family:times new roman">&#160;&#8212; The risk that governments or regulatory authorities have, from time to time, taken or considered actions that could adversely affect various sectors of the securities markets.</font></div> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">How has Delaware Extended Duration Bond Fund performed&#63;</font></b></div> <div><font size="2" style="font-family:times new roman,times">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. The returns reflect expense caps in effect during certain of these periods. The returns would be lower without the expense caps. You may obtain the Fund&#8217;s most recently available month-end performance by calling 800 523-1918 or by visiting our website at delawareinvestments.com/performance.</font></div> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">Year-by-year total return (Class A)*</font></b></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/Annualtotalreturnsbarchart column dei_LegalEntityAxis compact cik0000027825_S000003923Member row primary compact * ~ </div> <div><font size="2" style="font-family:times new roman,times">As of September 30, 2012, the Fund&#8217;s Class A shares had a calendar year-to-date return of 13.80%. During the periods illustrated in this bar chart, Class A&#8217;s highest quarterly return was 14.88% for the quarter ended June 30, 2009 and its lowest quarterly return was -8.61% for the quarter ended September 30, 2008. The maximum Class A sales charge of 4.50%, which is normally deducted when you purchase shares, is not reflected in the highest/ lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual returns in the table below do include the sales charge.</font></div> <div><b style="color: #000000; font-family: 'times new roman'; font-size: medium; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><font size="2" style="font-family:times new roman">Average annual total returns for periods ended December 31, 2011*</font></b></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/AverageAnnualTotalReturnsTransposed column dei_LegalEntityAxis compact cik0000027825_S000003923Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> <table style="text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0"> <tr> <td valign="top" nowrap="nowrap"><font size="2" style="font-family:times new roman,times">*</font></td> <td valign="top" nowrap="nowrap">&#160;&#160;&#160;&#160;</td> <td valign="top" width="100%"><font size="2" style="font-family:times new roman,times">Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund&#8217;s Class A shares.</font></td> </tr> </table> <div><font size="2" style="font-family:times new roman,times">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor&#8217;s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> Other 2013-02-15 DELAWARE GROUP INCOME FUNDS 0000027825 false 2013-02-15 2013-02-15 2012-11-28 <div><font size="2" style="font-family:times new roman,times"><b><font style="font-family: times new roman,times;" size="2"><b>Delaware Extended Duration Bond Fund</b></font></b></font></div> 2013-11-28 1.72 <div><font size="2" style="font-family:times new roman,times">Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund&#8217;s portfolio.</font></div> <div><font size="2" style="font-family:times new roman,times">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 (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.</font></div> <div><font size="2" style="font-family:times new roman,times">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance.</font></div> 800 523-1918 www.delawareinvestments.com/performance <div><font size="2" style="font-family:times new roman,times">The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.</font></div> <div><font size="2" style="font-family:times new roman,times">The maximum Class A sales charge of 4.50%, which is normally deducted when you purchase shares, is not reflected in the highest/ lowest quarterly returns or in the bar chart.</font></div> year-to-date return 2012-09-30 0.1380 highest quarterly return 2009-06-30 0.1488 lowest quarterly return 2008-09-30 -0.0861 <div><font size="2" style="font-family:times new roman,times">reflects no deduction for fees, expenses,&#160;or taxes</font></div> <div><font size="2" style="font-family:times new roman,times">The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div><font size="2" style="font-family:times new roman,times">After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).</font></div> <div><font size="2" style="font-family:times new roman,times">After-tax performance is presented only for Class A shares of the Fund.</font></div> 100000 <div><font size="2" style="font-family:times new roman,times">You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in Delaware Investments<sup style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">&#174;</sup>&#160;Funds. More information about these and other discounts is available from your financial advisor, in the Fund&#8217;s prospectus under the section entitled &#8220;About your account,&#8221; and in the Fund&#8217;s statement of additional information under the section entitled &#8220;Purchasing shares.&#8221;</font></div> <div><font size="2" style="font-family:times new roman,times">Under normal circumstances, the Fund will invest at least 80% of its net assets in corporate bonds.</font></div>
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 3.00% during the second year, 2.25% during the third year, 1.50% during the fourth and fifth years, 1.00% during the sixth year, and 0% thereafter. Class C shares redeemed within one year of purchase are subject to a 1.00% CDSC.
The Fund’s investment manager, Delaware Management Company (Manager), is contractually waiving its investment advisory fees and/or paying expenses (excluding any 12b-1 fees, taxes, interest, inverse floater program expenses, short sale and dividend interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) to the extent necessary to prevent total annual fund operating expenses from exceeding 0.70% of the Fund’s average daily net assets from November 28, 2012 through November 28, 2013. The Fund’s distributor, Delaware Distributors, L.P. (Distributor), has also contracted to limit the Class A and Class R shares’ 12b-1 fees from November 28, 2012 through November 28, 2013 to no more than 0.25% and 0.50% of their respective average daily net assets. These waivers and reimbursements may only be terminated by agreement of the Manager and the Distributor, as applicable, and the Fund.
INSTITUTIONAL CLASS return before taxes
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Feb. 15, 2013
Entity Registrant Name dei_EntityRegistrantName DELAWARE GROUP INCOME FUNDS
Entity Central Index Key dei_EntityCentralIndexKey 0000027825
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Feb. 15, 2013
Document Effective Date dei_DocumentEffectiveDate Feb. 15, 2013
Prospectus Date rr_ProspectusDate Nov. 28, 2012
DELAWARE EXTENDED DURATION BOND FUND
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Delaware Extended Duration Bond Fund
Objective [Heading] rr_ObjectiveHeading
What is the Fund’s investment objective?
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
Delaware Extended Duration Bond Fund seeks to provide investors with total return.
Expense [Heading] rr_ExpenseHeading
What are the Fund’s fees and expenses?
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
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 $100,000 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 Caption [Text] rr_ShareholderFeesCaption
Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-11-28
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading
Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 172% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 172.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts
You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 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.”
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 100,000
Expense Example [Heading] rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
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:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption
if not redeemed
Strategy [Heading] rr_StrategyHeading
What are the Fund’s principal investment strategies?
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund invests primarily in corporate bonds. Our focus is on corporate bonds that have investment grade credit ratings from a nationally recognized statistical rating organization (NRSRO). The bonds we select for the portfolio are typically rated BBB- and above by Standard & Poor’s (S&P), Baa3 and above by Moody’s Investors Service, Inc. (Moody’s), or similarly rated by another NRSRO. We may also invest in unrated bonds, if we believe their credit quality is comparable to those that have investment grade ratings.

The Fund may also invest up to 20% of its net assets in high yield corporate bonds (“junk bonds”). In addition, the Fund may invest up to 35% of its total assets in foreign securities, but the Fund’s total non-U.S.-dollar currency exposure will be limited, in the aggregate, to no more than 25% of net assets.

The average portfolio duration of the Fund will generally vary within two years (plus or minus) of the current average duration of the Barclays Long U.S. Corporate Index, which as of October 31, 2012, was 14 years. Duration measures a bond’s sensitivity to interest rates by indicating the approximate change in a bond or bond fund’s price given a 1% change in interest rates.

Under normal circumstances, the Fund will invest at least 80% of its net assets in corporate bonds. This policy is not a fundamental investment policy and can be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change.

Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration
Under normal circumstances, the Fund will invest at least 80% of its net assets in corporate bonds.
Risk [Heading] rr_RiskHeading
What are the principal risks of investing in the Fund?
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. Principal risks include:

Investments not guaranteed by the Manager or its affiliates — 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 (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.

Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.

Interest rate risk — The risk that securities will decrease in value if interest rates rise. This risk is generally associated with bonds.

Credit risk — The risk that an issuer of a debt security, including a governmental issuer, may be unable to make interest payments and repay principal in a timely manner.

High yield (junk bond) risk — The risk that high yield securities, commonly known as “junk bonds,” are subject to reduced creditworthiness of issuers; increased risk of default and a more limited and less liquid secondary market; and greater price volatility and risk of loss of income and principal than are higher rated securities. High yield bonds are sometimes issued by municipalities with less financial strength and therefore less ability to make projected debt payments on the bonds.

Bank loans and other indebtedness risk — The risk that the portfolio will not receive payment of principal, interest, and other amounts due in connection with these investments and will depend primarily on the financial condition of the borrower and the lending institution.

Foreign risk — The risk that foreign securities (particularly in emerging markets) may be adversely affected by political instability; changes in currency exchange rates; inefficient markets and higher transaction costs; foreign economic conditions; or inadequate or different regulatory and accounting standards.

Forward foreign currency risk — The use of forward foreign currency exchange contracts may substantially change a fund’s exposure to currency exchange rates and could result in losses to the fund if currencies do not perform as the Manager expects. The use of these investments as a hedging technique to reduce a fund’s exposure to currency risks may also reduce its ability to benefit from favorable changes in currency exchange rates.

Liquidity risk — The possibility that securities cannot be readily sold within seven days at approximately the price at which a fund has valued them.

Derivatives risk — Derivative contracts, such as options, futures, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, or a securities index to which a derivative contract is associated, moves in the opposite direction from what the portfolio manager anticipated. Derivative contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to financial difficulties (such as a bankruptcy or reorganization).

Government and regulatory risk — The risk that governments or regulatory authorities have, from time to time, taken or considered actions that could adversely affect various sectors of the securities markets.
Risk Lose Money [Text] rr_RiskLoseMoney
Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution
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 (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.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
How has Delaware Extended Duration Bond Fund performed?
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. The returns reflect expense caps in effect during certain of these periods. The returns would be lower without the expense caps. You may obtain the Fund’s most recently available month-end performance by calling 800 523-1918 or by visiting our website at delawareinvestments.com/performance.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns
The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800 523-1918
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.delawareinvestments.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture
The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading
Year-by-year total return (Class A)*
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads
The maximum Class A sales charge of 4.50%, which is normally deducted when you purchase shares, is not reflected in the highest/ lowest quarterly returns or in the bar chart.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
As of September 30, 2012, the Fund’s Class A shares had a calendar year-to-date return of 13.80%. During the periods illustrated in this bar chart, Class A’s highest quarterly return was 14.88% for the quarter ended June 30, 2009 and its lowest quarterly return was -8.61% for the quarter ended September 30, 2008. The maximum Class A sales charge of 4.50%, which is normally deducted when you purchase shares, is not reflected in the highest/ lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual returns in the table below do include the sales charge.
Performance Table Heading rr_PerformanceTableHeading
Average annual total returns for periods ended December 31, 2011*
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes
reflects no deduction for fees, expenses, or taxes
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate
The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred
After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown
After-tax performance is presented only for Class A shares of the Fund.
Performance Table Footnotes rr_PerformanceTableFootnotesTextBlock
*      Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund’s Class A shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.
DELAWARE EXTENDED DURATION BOND FUND | Barclays Long U.S. Corporate Index (reflects no deduction for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 15.91%
5 years rr_AverageAnnualReturnYear05 8.51%
10 years or lifetime rr_AverageAnnualReturnYear10 7.98%
DELAWARE EXTENDED DURATION BOND FUND | CLASS A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.50%
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.54%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.30%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.06%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.95%
1 year rr_ExpenseExampleYear01 543
3 years rr_ExpenseExampleYear03 762
5 years rr_ExpenseExampleYear05 998
10 years rr_ExpenseExampleYear10 1,676
Annual Return 2002 rr_AnnualReturn2002 13.02%
Annual Return 2003 rr_AnnualReturn2003 15.04%
Annual Return 2004 rr_AnnualReturn2004 10.03%
Annual Return 2005 rr_AnnualReturn2005 2.85%
Annual Return 2006 rr_AnnualReturn2006 5.33%
Annual Return 2007 rr_AnnualReturn2007 3.02%
Annual Return 2008 rr_AnnualReturn2008 (2.85%)
Annual Return 2009 rr_AnnualReturn2009 24.96%
Annual Return 2010 rr_AnnualReturn2010 14.31%
Annual Return 2011 rr_AnnualReturn2011 16.50%
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 13.80%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest quarterly return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.88%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest quarterly return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (8.61%)
1 year rr_AverageAnnualReturnYear01 11.22%
5 years rr_AverageAnnualReturnYear05 9.72%
10 years or lifetime rr_AverageAnnualReturnYear10 9.44%
DELAWARE EXTENDED DURATION BOND FUND | CLASS A | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 8.14%
5 years rr_AverageAnnualReturnYear05 7.04%
10 years or lifetime rr_AverageAnnualReturnYear10 6.81%
DELAWARE EXTENDED DURATION BOND FUND | CLASS A | After Taxes on Distributions and sale of Fund shares
 
Risk/Return: rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 7.60%
5 years rr_AverageAnnualReturnYear05 6.76%
10 years or lifetime rr_AverageAnnualReturnYear10 6.59%
DELAWARE EXTENDED DURATION BOND FUND | CLASS B
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice 4.00% [2]
Management fees rr_ManagementFeesOverAssets 0.54%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.76%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 1.70%
1 year rr_ExpenseExampleYear01 573
3 years rr_ExpenseExampleYear03 773
5 years rr_ExpenseExampleYear05 1,099
10 years rr_ExpenseExampleYear10 1,883
1 year rr_ExpenseExampleNoRedemptionYear01 173
3 years rr_ExpenseExampleNoRedemptionYear03 548
5 years rr_ExpenseExampleNoRedemptionYear05 949
10 years rr_ExpenseExampleNoRedemptionYear10 1,883
1 year rr_AverageAnnualReturnYear01 11.66%
5 years rr_AverageAnnualReturnYear05 9.68%
10 years or lifetime rr_AverageAnnualReturnYear10 9.27%
DELAWARE EXTENDED DURATION BOND FUND | CLASS C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [2]
Management fees rr_ManagementFeesOverAssets 0.54%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.76%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 1.70%
1 year rr_ExpenseExampleYear01 273
3 years rr_ExpenseExampleYear03 548
5 years rr_ExpenseExampleYear05 949
10 years rr_ExpenseExampleYear10 2,068
1 year rr_ExpenseExampleNoRedemptionYear01 173
3 years rr_ExpenseExampleNoRedemptionYear03 548
5 years rr_ExpenseExampleNoRedemptionYear05 949
10 years rr_ExpenseExampleNoRedemptionYear10 2,068
1 year rr_AverageAnnualReturnYear01 14.64%
5 years rr_AverageAnnualReturnYear05 9.92%
10 years or lifetime rr_AverageAnnualReturnYear10 9.13%
DELAWARE EXTENDED DURATION BOND FUND | CLASS R
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.54%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.60%
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 1.36%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.16%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 1.20%
1 year rr_ExpenseExampleYear01 122
3 years rr_ExpenseExampleYear03 415
5 years rr_ExpenseExampleYear05 729
10 years rr_ExpenseExampleYear10 1,621
Label rr_AverageAnnualReturnLabel (lifetime: 10/3/05-12/31/11)
1 year rr_AverageAnnualReturnYear01 16.20%
5 years rr_AverageAnnualReturnYear05 10.45%
lifetime rr_AverageAnnualReturnSinceInception 9.15%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 03, 2005
DELAWARE EXTENDED DURATION BOND FUND | INSTITUTIONAL CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management fees rr_ManagementFeesOverAssets 0.54%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 0.76%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [1]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.70%
1 year rr_ExpenseExampleYear01 72
3 years rr_ExpenseExampleYear03 237
5 years rr_ExpenseExampleYear05 416
10 years rr_ExpenseExampleYear10 937
Label rr_AverageAnnualReturnLabel INSTITUTIONAL CLASS return before taxes
1 year rr_AverageAnnualReturnYear01 16.81%
5 years rr_AverageAnnualReturnYear05 10.99%
10 years or lifetime rr_AverageAnnualReturnYear10 10.21%
[1]
The Fund’s investment manager, Delaware Management Company (Manager), is contractually waiving its investment advisory fees and/or paying expenses (excluding any 12b-1 fees, taxes, interest, inverse floater program expenses, short sale and dividend interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) to the extent necessary to prevent total annual fund operating expenses from exceeding 0.70% of the Fund’s average daily net assets from November 28, 2012 through November 28, 2013. The Fund’s distributor, Delaware Distributors, L.P. (Distributor), has also contracted to limit the Class A and Class R shares’ 12b-1 fees from November 28, 2012 through November 28, 2013 to no more than 0.25% and 0.50% of their respective average daily net assets. These waivers and reimbursements may only be terminated by agreement of the Manager and the Distributor, as applicable, and the Fund.
[2]
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 3.00% during the second year, 2.25% during the third year, 1.50% during the fourth and fifth years, 1.00% during the sixth year, and 0% thereafter. Class C shares redeemed within one year of purchase are subject to a 1.00% CDSC.

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XML 13 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
DELAWARE EXTENDED DURATION BOND FUND
Delaware Extended Duration Bond Fund
What is the Fund’s investment objective?
Delaware Extended Duration Bond Fund seeks to provide investors with total return.
What are the Fund’s 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 $100,000 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)
Shareholder Fees DELAWARE EXTENDED DURATION BOND FUND
CLASS A
CLASS B
CLASS C
CLASS R
INSTITUTIONAL CLASS
Maximum sales charge (load) imposed on purchases as a percentage of offering price 4.50% none none none none
Maximum contingent deferred sales charge (load) as a percentage of original percentage price or redemption price, whichever is lower none 4.00% [1] 1.00% [1] none none
[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 3.00% during the second year, 2.25% during the third year, 1.50% during the fourth and fifth years, 1.00% during the sixth year, and 0% thereafter. Class C shares redeemed within one year of purchase are subject to a 1.00% CDSC.
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses DELAWARE EXTENDED DURATION BOND FUND
CLASS A
CLASS B
CLASS C
CLASS R
INSTITUTIONAL CLASS
Management fees 0.54% 0.54% 0.54% 0.54% 0.54%
Distribution and service (12b-1) fees 0.30% 1.00% 1.00% 0.60% none
Other expenses 0.22% 0.22% 0.22% 0.22% 0.22%
Total annual fund operating expenses 1.06% 1.76% 1.76% 1.36% 0.76%
Fee waivers and expense reimbursements [1] (0.11%) (0.06%) (0.06%) (0.16%) (0.06%)
Total annual fund operating expenses after fee waivers and expense reimbursements 0.95% 1.70% 1.70% 1.20% 0.70%
[1]
The Fund’s investment manager, Delaware Management Company (Manager), is contractually waiving its investment advisory fees and/or paying expenses (excluding any 12b-1 fees, taxes, interest, inverse floater program expenses, short sale and dividend interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) to the extent necessary to prevent total annual fund operating expenses from exceeding 0.70% of the Fund’s average daily net assets from November 28, 2012 through November 28, 2013. The Fund’s distributor, Delaware Distributors, L.P. (Distributor), has also contracted to limit the Class A and Class R shares’ 12b-1 fees from November 28, 2012 through November 28, 2013 to no more than 0.25% and 0.50% of their respective average daily net assets. These waivers and reimbursements may only be terminated by agreement of the Manager and the 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:
Expense Example DELAWARE EXTENDED DURATION BOND FUND (USD $)
1 year
3 years
5 years
10 years
CLASS A
543 762 998 1,676
CLASS B
573 773 1,099 1,883
CLASS C
273 548 949 2,068
CLASS R
122 415 729 1,621
INSTITUTIONAL CLASS
72 237 416 937
if not redeemed
Expense Example, No Redemption DELAWARE EXTENDED DURATION BOND FUND (USD $)
1 year
3 years
5 years
10 years
CLASS B
173 548 949 1,883
CLASS C
173 548 949 2,068
Portfolio turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 172% of the average value of its portfolio.
What are the Fund’s principal investment strategies?

The Fund invests primarily in corporate bonds. Our focus is on corporate bonds that have investment grade credit ratings from a nationally recognized statistical rating organization (NRSRO). The bonds we select for the portfolio are typically rated BBB- and above by Standard & Poor’s (S&P), Baa3 and above by Moody’s Investors Service, Inc. (Moody’s), or similarly rated by another NRSRO. We may also invest in unrated bonds, if we believe their credit quality is comparable to those that have investment grade ratings.

The Fund may also invest up to 20% of its net assets in high yield corporate bonds (“junk bonds”). In addition, the Fund may invest up to 35% of its total assets in foreign securities, but the Fund’s total non-U.S.-dollar currency exposure will be limited, in the aggregate, to no more than 25% of net assets.

The average portfolio duration of the Fund will generally vary within two years (plus or minus) of the current average duration of the Barclays Long U.S. Corporate Index, which as of October 31, 2012, was 14 years. Duration measures a bond’s sensitivity to interest rates by indicating the approximate change in a bond or bond fund’s price given a 1% change in interest rates.

Under normal circumstances, the Fund will invest at least 80% of its net assets in corporate bonds. This policy is not a fundamental investment policy and can be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change.

What are the principal risks of investing in the Fund?

Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. Principal risks include:

Investments not guaranteed by the Manager or its affiliates — 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 (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.

Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.

Interest rate risk — The risk that securities will decrease in value if interest rates rise. This risk is generally associated with bonds.

Credit risk — The risk that an issuer of a debt security, including a governmental issuer, may be unable to make interest payments and repay principal in a timely manner.

High yield (junk bond) risk — The risk that high yield securities, commonly known as “junk bonds,” are subject to reduced creditworthiness of issuers; increased risk of default and a more limited and less liquid secondary market; and greater price volatility and risk of loss of income and principal than are higher rated securities. High yield bonds are sometimes issued by municipalities with less financial strength and therefore less ability to make projected debt payments on the bonds.

Bank loans and other indebtedness risk — The risk that the portfolio will not receive payment of principal, interest, and other amounts due in connection with these investments and will depend primarily on the financial condition of the borrower and the lending institution.

Foreign risk — The risk that foreign securities (particularly in emerging markets) may be adversely affected by political instability; changes in currency exchange rates; inefficient markets and higher transaction costs; foreign economic conditions; or inadequate or different regulatory and accounting standards.

Forward foreign currency risk — The use of forward foreign currency exchange contracts may substantially change a fund’s exposure to currency exchange rates and could result in losses to the fund if currencies do not perform as the Manager expects. The use of these investments as a hedging technique to reduce a fund’s exposure to currency risks may also reduce its ability to benefit from favorable changes in currency exchange rates.

Liquidity risk — The possibility that securities cannot be readily sold within seven days at approximately the price at which a fund has valued them.

Derivatives risk — Derivative contracts, such as options, futures, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, or a securities index to which a derivative contract is associated, moves in the opposite direction from what the portfolio manager anticipated. Derivative contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to financial difficulties (such as a bankruptcy or reorganization).

Government and regulatory risk — The risk that governments or regulatory authorities have, from time to time, taken or considered actions that could adversely affect various sectors of the securities markets.
How has Delaware Extended Duration Bond Fund performed?
The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how it will perform in the future. The returns reflect expense caps in effect during certain of these periods. The returns would be lower without the expense caps. You may obtain the Fund’s most recently available month-end performance by calling 800 523-1918 or by visiting our website at delawareinvestments.com/performance.
Year-by-year total return (Class A)*
Bar Chart
As of September 30, 2012, the Fund’s Class A shares had a calendar year-to-date return of 13.80%. During the periods illustrated in this bar chart, Class A’s highest quarterly return was 14.88% for the quarter ended June 30, 2009 and its lowest quarterly return was -8.61% for the quarter ended September 30, 2008. The maximum Class A sales charge of 4.50%, which is normally deducted when you purchase shares, is not reflected in the highest/ lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual returns in the table below do include the sales charge.
Average annual total returns for periods ended December 31, 2011*
Average Annual Total Returns DELAWARE EXTENDED DURATION BOND FUND
Label
1 year
5 years
10 years or lifetime
lifetime
Inception Date
CLASS A
  11.22% 9.72% 9.44%    
CLASS A After Taxes on Distributions
  8.14% 7.04% 6.81%    
CLASS A After Taxes on Distributions and sale of Fund shares
  7.60% 6.76% 6.59%    
CLASS B
  11.66% 9.68% 9.27%    
CLASS C
  14.64% 9.92% 9.13%    
CLASS R
(lifetime: 10/3/05-12/31/11) 16.20% 10.45%   9.15% Oct. 03, 2005
INSTITUTIONAL CLASS
INSTITUTIONAL CLASS return before taxes 16.81% 10.99% 10.21%    
Barclays Long U.S. Corporate Index (reflects no deduction for fees, expenses, or taxes)
  15.91% 8.51% 7.98%    
*      Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund’s Class A shares.
After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.
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