XML 26 R3.htm IDEA: XBRL DOCUMENT v3.20.4
Label Element Value
Prospectus [Line Items] rr_ProspectusLineItems  
SEC Form dei_DocumentType 485BPOS
Period end date dei_DocumentPeriodEndDate Aug. 31, 2020
Registrant Name dei_EntityRegistrantName VOYAGEUR INSURED FUNDS
Registrant CIK dei_EntityCentralIndexKey 0000809064
Amendment Flag dei_AmendmentFlag false
Prospectus Date rr_ProspectusDate Dec. 29, 2020
Risk/Return rr_RiskReturnHeading Prospectus
Delaware Tax-Free Arizona Fund  
Prospectus [Line Items] rr_ProspectusLineItems  
Objective rr_ObjectiveHeading What is the Fund’s investment objective?
Objective, Primary rr_ObjectivePrimaryTextBlock

Delaware Tax-Free Arizona Fund seeks as high a level of current income exempt from federal income tax and from the Arizona state personal income tax as is consistent with preservation of capital.

Expense rr_ExpenseHeading What are the Fund’s fees and expenses?
Expense Narrative rr_ExpenseNarrativeTextBlock

The table below 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 Funds® by Macquarie. More information about these and other discounts is available from your financial intermediary, in the Fund’s Prospectus under the section entitled “About your account,” and in the Fund’s statement of additional information (SAI) under the section entitled “Purchasing Shares.”

Portfolio Turnover rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover 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 the 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 36% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 36.00%
Expense Breakpoint Discounts 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 Funds® by Macquarie.
Expense Breakpoint, Minimum Investment Required rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 100,000
Expense Example rr_ExpenseExampleHeading Example
Expense Example Narrative 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. In addition, the example shows expenses for Class C shares, assuming those shares were not redeemed at the end of those periods. The example also assumes that your investment has a 5% return each year and reflects the Manager’s expense 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:

Strategy rr_StrategyHeading What are the Fund’s principal investment strategies?
Strategy Narrative rr_StrategyNarrativeTextBlock

Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from Arizona state personal income taxes. This is a fundamental investment policy that may not be changed without prior shareholder approval.

Municipal debt obligations are issued by state and local governments to raise funds for various public purposes such as hospitals, schools, and general capital expenses. Municipal debt obligations in which the Fund may invest may also include securities issued by US territories and possessions (such as the Commonwealth of Puerto Rico, Guam, and the US Virgin Islands) to the extent that these securities are also exempt from federal income tax and Arizona state personal income taxes. The Fund will invest its assets in securities with maturities of various lengths, depending on market conditions. The Manager will adjust the average maturity of the bonds in the portfolio to attempt to provide a high level of tax-exempt income consistent with preservation of capital. The Fund’s income level will vary depending on current interest rates and the specific securities in the portfolio. The Fund may concentrate its investments in certain types of bonds or in a certain segment of the municipal bond market when the supply of bonds in other sectors does not suit its investment needs. The Fund may invest in insured municipal bonds. The Fund will generally have a dollar-weighted average effective maturity of between 5 and 30 years. The types of municipal debt obligations in which the Fund may invest include, but are not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation.

Strategy Portfolio Concentration rr_StrategyPortfolioConcentration Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from Arizona state personal income taxes.
Risk rr_RiskHeading What are the principal risks of investing in the Fund?
Risk Narrative 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. An investment in the Fund may not be appropriate for all investors. The Fund’s principal risks include:

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 the prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Interest rate changes are influenced by a number of factors, such as government policy, monetary policy, inflation expectations, and the supply and demand of bonds. Bonds and other fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. A fund may be subject to a greater risk of rising interest rates due to the current period of historically low interest rates.

Credit risk — The risk that an issuer of a debt security, including a governmental issuer or an entity that insures a bond, may be unable to make interest payments and/or 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. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than are higher-rated securities. High yield bonds are sometimes issued by municipalities that have less financial strength and therefore have less ability to make projected debt payments on the bonds.

Call risk — The risk that a bond issuer will prepay the bond during periods of low interest rates, forcing a fund to reinvest that money at interest rates that might be lower than rates on the called bond.

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

Geographic concentration risk — The risk that heightened sensitivity to regional, state, US territories or possessions (such as the Commonwealth of Puerto Rico, Guam, or the US Virgin Islands), and local political and economic conditions could adversely affect the holdings in and performance of a fund. There is also the risk that there could be an inadequate supply of municipal bonds in a particular state or US territory or possession.

Alternative minimum tax risk — If a fund invests in bonds whose income is subject to the alternative minimum tax, that portion of the fund’s distributions would be taxable for shareholders who are subject to this tax.

 

Government and regulatory risk — The risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance. For example, a tax-exempt security may be reclassified by the Internal Revenue Service or a state tax authority as taxable, and/or future legislative, administrative, or court actions could cause interest from a tax-exempt security to become taxable, possibly retroactively.

Industry and sector risk — The risk that the value of securities in a particular industry or sector  (such as financial services or manufacturing) will decline because of changing expectations for the performance of that industry or sector.

IBOR risk — The risk that potential changes related to the use of the London Interbank Offered Rate (LIBOR) or similar interbank offered rates (“IBORs,” such as the Euro Overnight Index Average (EONIA)) could have adverse impacts on financial instruments that reference LIBOR or a similar rate. While some instruments may contemplate a scenario where LIBOR or a similar rate is no longer available by providing for an alternative rate setting methodology, not all instruments have such fallback provisions and the effectiveness of replacement rates is uncertain. The abandonment of LIBOR and similar rates could affect the value and liquidity of instruments that reference such rates, especially those that do not have fallback provisions. The use of alternative reference rate products may impact investment strategy performance.

Active management and selection risk — The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.

Risk Closing rr_RiskClosingTextBlock

The Manager is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited (MBL), a subsidiary of MGL and an affiliate of the Manager, none of the entities noted are authorized deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise. The Fund is governed by US laws and regulations.

Risk Lose Money 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.
Bar Chart and Performance Table rr_BarChartAndPerformanceTableHeading How has Delaware Tax-Free Arizona Fund performed?
Performance Narrative 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 total 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 any expense caps in effect during 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 delawarefunds.com/performance.

Performance Availability Phone rr_PerformanceAvailabilityPhone 800 523-1918
Performance Availability Website Address rr_PerformanceAvailabilityWebSiteAddress delawarefunds.com/performance
Performance Past Does Not Indicate Future 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 Closing rr_BarChartClosingTextBlock

As of Sept. 30, 2020, the Fund’s Class A shares had a calendar year-to-date return of 1.80%. During the periods illustrated in this bar chart, Class A’s highest quarterly return was 3.96% for the quarter ended Mar. 31, 2014, and its lowest quarterly return was -4.98% for the quarter ended Dec. 31, 2010. 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 total returns in the table below do include the sales charge.

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-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).
Performance Table One Class of after Tax Shown rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is presented only for Class A shares of the Fund.
Performance Table Closing 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-advantaged 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 Tax-Free Arizona Fund | Bloomberg Barclays Municipal Bond Index  
Prospectus [Line Items] rr_ProspectusLineItems  
Index No Deduction for Fees, Expenses, Taxes rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
1 year rr_AverageAnnualReturnYear01 7.54%
5 years rr_AverageAnnualReturnYear05 3.53%
10 years or lifetime rr_AverageAnnualReturnYear10 4.34%
Delaware Tax-Free Arizona Fund | Class A  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol VAZIX
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 [1]
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.26%
Total annual fund operating expenses rr_ExpensesOverAssets 1.01%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [2]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.84%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 532
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 741
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 967
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,616
2010 rr_AnnualReturn2010 2.00%
2011 rr_AnnualReturn2011 8.98%
2012 rr_AnnualReturn2012 8.04%
2013 rr_AnnualReturn2013 (5.34%)
2014 rr_AnnualReturn2014 11.48%
2015 rr_AnnualReturn2015 3.03%
2016 rr_AnnualReturn2016 0.86%
2017 rr_AnnualReturn2017 4.72%
2018 rr_AnnualReturn2018 0.71%
2019 rr_AnnualReturn2019 7.24%
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2020
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 1.80%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest quarterly return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2014
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 3.96%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest quarterly return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2010
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (4.98%)
1 year rr_AverageAnnualReturnYear01 2.37%
5 years rr_AverageAnnualReturnYear05 2.32%
10 years or lifetime rr_AverageAnnualReturnYear10 3.58%
Delaware Tax-Free Arizona Fund | Class A | After Taxes on Distributions  
Prospectus [Line Items] rr_ProspectusLineItems  
1 year rr_AverageAnnualReturnYear01 2.37%
5 years rr_AverageAnnualReturnYear05 2.32%
10 years or lifetime rr_AverageAnnualReturnYear10 3.56%
Delaware Tax-Free Arizona Fund | Class A | After Taxes on Distributions and Sales  
Prospectus [Line Items] rr_ProspectusLineItems  
1 year rr_AverageAnnualReturnYear01 2.74%
5 years rr_AverageAnnualReturnYear05 2.52%
10 years or lifetime rr_AverageAnnualReturnYear10 3.58%
Delaware Tax-Free Arizona Fund | Class C  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol DVACX
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% [1]
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.26%
Total annual fund operating expenses rr_ExpensesOverAssets 1.76%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [2]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 1.59%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 262
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 538
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 938
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,059
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 162
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 538
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 938
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,059
1 year rr_AverageAnnualReturnYear01 5.33%
5 years rr_AverageAnnualReturnYear05 2.47%
10 years or lifetime rr_AverageAnnualReturnYear10 3.28%
Delaware Tax-Free Arizona Fund | Institutional Class  
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol DAZIX
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 [1]
Management fees rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.26%
Total annual fund operating expenses rr_ExpensesOverAssets 0.76%
Fee waivers and expense reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [2]
Total annual fund operating expenses after fee waivers and expense reimbursements rr_NetExpensesOverAssets 0.59%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 60
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 226
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 406
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 926
1 year rr_AverageAnnualReturnYear01 7.41%
5 years rr_AverageAnnualReturnYear05 3.54%
Lifetime rr_AverageAnnualReturnSinceInception 4.90%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2013
[1] Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC).
[2] The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, inverse floater program expenses, short sale dividend and 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) in order to prevent total annual fund operating expenses from exceeding 0.59% of the Fund’s average daily net assets from Dec. 29, 2020 through Dec. 29, 2021. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.