0001206774-13-004078.txt : 20131115 0001206774-13-004078.hdr.sgml : 20131115 20131115110547 ACCESSION NUMBER: 0001206774-13-004078 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20131115 DATE AS OF CHANGE: 20131115 EFFECTIVENESS DATE: 20131115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS V CENTRAL INDEX KEY: 0000809821 IRS NUMBER: 232450217 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11419 FILM NUMBER: 131222872 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 EQUITY FUNDS V INC DATE OF NAME CHANGE: 19970128 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP VALUE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP INSIGHT FUND INC DATE OF NAME CHANGE: 19870621 0000809821 S000002400 DELAWARE SMALL CAP CORE FUND C000006373 DELAWARE SMALL CAP CORE FUND CLASS A DCCAX C000006374 DELAWARE SMALL CAP CORE FUND CLASS C DCCCX C000006375 DELAWARE SMALL CAP CORE FUND CLASS R DCCRX C000006376 DELAWARE SMALL CAP CORE FUND INSTITUTIONAL CLASS DCCIX 497 1 delsmallcapcore_497.htm TRANSMITTAL LETTER

Stradley, Ronon, Stevens & Young, LLP
2005 Market Street, Suite 2600
Philadelphia, Pennsylvania 19103-7018
(215) 564-8000

November 15, 2013

VIA EDGAR TRANSMISSION

Filing Desk
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Attention: James O’Connor

      RE:       Delaware Group Equity Funds V (the “Registrant”)
  File Nos. 811-04997; 033-11419
  Rule 497(e) filing

Dear Sir or Madam:

     Pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the “1933 Act”) submitted electronically via the EDGAR system, please find enclosed certain risk/return summary information in an interactive data format using the eXtensible Business Reporting Language (the “XBRL exhibits”). The XBRL exhibits reflect the Item 3 risk/return summary disclosure that was included in the supplement relating to the prospectus dated March 29, 2013, for Delaware Small Cap Core Fund, a series of the Registrant, that was filed with the U.S. Securities and Exchange Commission via the EDGAR system on October 24, 2013 (Accession No. 0001206774-13-003702) pursuant to Rule 497(e) under the 1933 Act.

     If you have any questions or comments regarding this filing, please call me at (215) 564-8099.

Very truly yours,
 
 
/s/ Jonathan M. Kopcsik  
Jonathan M. Kopcsik
 
cc:     Cori E. Daggett
Bruce G. Leto


EX-101.INS 2 dgef-20131024.xml XBRL INSTANCE DOCUMENT 0000809821 2013-10-24 2013-10-24 0000809821 dgef:S000002400Member 2013-10-24 2013-10-24 0000809821 dgef:S000002400Member dgef:C000006373Member 2013-10-24 2013-10-24 0000809821 dgef:S000002400Member dgef:C000006374Member 2013-10-24 2013-10-24 0000809821 dgef:S000002400Member dgef:C000006375Member 2013-10-24 2013-10-24 0000809821 dgef:S000002400Member dgef:C000006376Member 2013-10-24 2013-10-24 iso4217:USD xbrli:pure 497 2012-11-30 DELAWARE GROUP EQUITY FUNDS V 0000809821 false 2013-10-24 2013-10-24 2013-03-29 <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><b>DELAWARE GROUP<sup>&#174;</sup>&#160;EQUITY FUNDS V</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><b>Delaware Small Cap Core Fund (the "Fund")</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Supplement to the Fund's Class A, Class C, Class R, and Institutional Class&#160;<br /> Statutory Prospectus dated March 29, 2013</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>The following replaces the information in the section entitled, "What are the Fund's fees and expenses?".</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left"><b>Delaware Small Cap Core Fund (the "Fund")</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left"><b>What are the Fund's fees and expenses?</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">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<sup>&#174;</sup>&#160;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."</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0">Shareholder fees (fees paid directly from your investment)</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt"><b>Example</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">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></p> <p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b>( if not redeemed)</b></font></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">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<sup>&#174;</sup>&#160;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."</p> 50000 March 28, 2014 <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b>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&#160;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.</b></font></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Please keep this Supplement for future reference.</i></b></font></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>This Supplement is dated October 24, 2013.</b></font></p> 0.0000 0.0100 0.0000 0.0000 0.0575 0.0000 0.0000 0.0000 0.0025 0.0100 0.0050 0.0000 0.0075 0.0075 0.0075 0.0075 0.0136 0.0211 0.0161 0.0111 0.0036 0.0036 0.0036 0.0036 2116 2441 1911 1352 1277 1134 876 612 981 661 508 353 706 314 164 113 2441 1134 661 214 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact dgef_S000002400Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact dgef_S000002400Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact dgef_S000002400Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact dgef_S000002400Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC). 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, in an aggregate amount, 1.15% of the Fund's average daily net assets from March 28, 2013 through March 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. 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Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum sales charge (load) imposed on purchases as a percentage of offering price Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower Maximum Deferred Sales Charge (as a percentage) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management fees Distribution and service (12b-1) fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other expenses Acquired Fund Fees and Expenses Total annual fund 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Example by, Year, Caption [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Heading Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Narrative Performance Table Footnotes, Reason Performance Information for Class Different from 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Label Element Value
[RiskReturnAbstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Nov. 30, 2012
Registrant Name dei_EntityRegistrantName DELAWARE GROUP EQUITY FUNDS V
Central Index Key dei_EntityCentralIndexKey 0000809821
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Oct. 24, 2013
Document Effective Date dei_DocumentEffectiveDate Oct. 24, 2013
Prospectus Date rr_ProspectusDate Mar. 29, 2013
Delaware Small Cap Core Fund
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading

Delaware Small Cap Core Fund (the "Fund")

Supplement [Text Block] dgef_SupplementTextBlock

DELAWARE GROUP® EQUITY FUNDS V

Delaware Small Cap Core Fund (the "Fund")

Supplement to the Fund's Class A, Class C, Class R, and Institutional Class 
Statutory Prospectus dated March 29, 2013

 

The following replaces the information in the section entitled, "What are the Fund's fees and expenses?".

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 $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 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 March 28, 2014
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 $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."

Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
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 Narrative [Text Block] rr_ExpenseExampleNoRedemptionNarrativeTextBlock

( if not redeemed)

Supplement Closing [Text Block] dgef_SupplementClosingTextBlock

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 24, 2013.

Delaware Small Cap Core Fund | Class A
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases as a percentage of offering price rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
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 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.36%
Total annual fund operating expenses rr_ExpensesOverAssets 1.36% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 706
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 981
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,277
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,116
Delaware Small Cap Core Fund | Class C
 
[RiskReturnAbstract] 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 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.36%
Total annual fund operating expenses rr_ExpensesOverAssets 2.11% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 314
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 661
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,134
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,441
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 214
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 661
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,134
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,441
Delaware Small Cap Core Fund | Class R
 
[RiskReturnAbstract] 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 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.36%
Total annual fund operating expenses rr_ExpensesOverAssets 1.61% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 164
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 508
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 876
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,911
Delaware Small Cap Core Fund | Institutional Class
 
[RiskReturnAbstract] 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 0.75%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.36%
Total annual fund operating expenses rr_ExpensesOverAssets 1.11% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 113
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 353
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 612
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,352
[1] 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, in an aggregate amount, 1.15% of the Fund's average daily net assets from March 28, 2013 through March 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.
[2] Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC).
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Delaware Small Cap Core Fund

Delaware Small Cap Core Fund (the "Fund")

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 $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)

Shareholder Fees Delaware Small Cap Core Fund
Class A
Class C
Class R
Institutional Class
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
[1] Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (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 Small Cap Core Fund
Class A
Class C
Class R
Institutional Class
Management fees 0.75% 0.75% 0.75% 0.75%
Distribution and service (12b-1) fees 0.25% 1.00% 0.50% none
Other expenses 0.36% 0.36% 0.36% 0.36%
Total annual fund operating expenses [1] 1.36% 2.11% 1.61% 1.11%
[1] 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, in an aggregate amount, 1.15% of the Fund's average daily net assets from March 28, 2013 through March 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:

Expense Example Delaware Small Cap Core Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
706 981 1,277 2,116
Class C
314 661 1,134 2,441
Class R
164 508 876 1,911
Institutional Class
113 353 612 1,352

( if not redeemed)

Expense Example, No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
Delaware Small Cap Core Fund Class C
214 661 1,134 2,441
XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Delaware Small Cap Core Fund

Delaware Small Cap Core Fund (the "Fund")

DELAWARE GROUP® EQUITY FUNDS V

Delaware Small Cap Core Fund (the "Fund")

Supplement to the Fund's Class A, Class C, Class R, and Institutional Class 
Statutory Prospectus dated March 29, 2013

 

The following replaces the information in the section entitled, "What are the Fund's fees and expenses?".

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 $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)

Shareholder Fees Delaware Small Cap Core Fund
Class A
Class C
Class R
Institutional Class
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
[1] Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (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 Small Cap Core Fund
Class A
Class C
Class R
Institutional Class
Management fees 0.75% 0.75% 0.75% 0.75%
Distribution and service (12b-1) fees 0.25% 1.00% 0.50% none
Other expenses 0.36% 0.36% 0.36% 0.36%
Total annual fund operating expenses [1] 1.36% 2.11% 1.61% 1.11%
[1] 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, in an aggregate amount, 1.15% of the Fund's average daily net assets from March 28, 2013 through March 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:

Expense Example Delaware Small Cap Core Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
706 981 1,277 2,116
Class C
314 661 1,134 2,441
Class R
164 508 876 1,911
Institutional Class
113 353 612 1,352

( if not redeemed)

Expense Example, No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
Delaware Small Cap Core Fund Class C
214 661 1,134 2,441

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 24, 2013.

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Document And Entity Information
0 Months Ended
Oct. 24, 2013
Document And Entity Information Element  
Document Type 497
Document Period End Date Nov. 30, 2012
Registrant Name DELAWARE GROUP EQUITY FUNDS V
Central Index Key 0000809821
Amendment Flag false
Document Creation Date Oct. 24, 2013
Document Effective Date Oct. 24, 2013
Prospectus Date Mar. 29, 2013