SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No. __)

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Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ]	Preliminary Proxy Statement
[ ]	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[ ]	Definitive Proxy Statement
[X]	Definitive Additional Materials
[ ]	Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12

Delaware Group^® Adviser Funds

Delaware Group Cash Reserve

Delaware Group Equity Funds II

Delaware Group Equity Funds IV

Delaware Group Equity Funds V

Delaware Group Global & International Funds

Delaware Group Government Fund

Delaware Group Income Funds

Delaware Group Limited-Term Government Funds

Delaware Group State Tax-Free Income Trust

Delaware Group Tax-Free Fund

Delaware Pooled^® Trust

Delaware VIP^® Trust

Ivy Funds

Ivy Variable Insurance Portfolios

Voyageur Mutual Funds

Voyageur Mutual Funds II

Voyageur Tax Free Funds

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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Update on Macquarie Asset Management proxy solicitation campaign

In connection with the proposed acquisition¹ by Nomura of the US and European public investments business of Macquarie Asset Management, in mid-July, shareholders² in the Macquarie Funds³, Macquarie ETFs, and Optimum Funds received proxy packages containing proxy statements and a proxy card in which they are being asked to participate and vote on one proposal:

•

To approve a new investment advisory agreement for each Fund.

Shareholders’ investments in the funds will not change as a result of the acquisition. Shareholders will still own the same fund shares, and the underlying value of those shares will not change as a result of the acquisition. The funds’ investment objectives, policies, strategies, and advisory fees will not change.

Shareholders have three options for voting their shares:

Mail back their proxy cards in the postage-paid envelope provided.

Call the dedicated toll-free proxy voting lines listed on their proxy cards. Shareholders will be required to provide the control number located on their proxy cards. If they do not have their control number, shareholders can provide their name and address.

Visit the website on their proxy cards and enter the control number found on their proxy card.

If we do not hear from shareholders regarding their vote, they may be contacted by our proxy solicitor, EQ Fund Solutions, via phone calls or by various letters or e-mail encouraging shareholders to vote. Solicitations via telephone and mailings will continue until the Special meetings of shareholders, scheduled to be held on September 10, 2025, and any adjourned or postponed meetings until the applicable fund has met its vote requirement. Once shareholders vote, they should not receive any further communications from the proxy solicitor regarding their vote on this matter.

The proxy statement(s) and frequently asked questions can be viewed online at:

Macquarie Funds Proxy Statement

Macquarie ETFs Proxy Statement

Optimum Funds Proxy Statement

FAQ

Additional resources:

Webinar replay: What to expect next and proxy update

FAQs on proxy solicitation process for Macquarie Funds

--------------------

1. Macquarie Group announcement

2. As of the record date, July 3, 2025.

3. Includes the retail funds and variable insurance product funds of the Macquarie Funds family.

IMPORTANT DISCLOSURE:

Investing involves risk, including the possible loss of principal.

Past performance does not guarantee future results.

The information in this document is not, and should not be construed as, an advertisement, an invitation, an offer, a solicitation of an offer or a recommendation to participate in any investment strategy or take any other action, including to buy or sell any product or security or offer any banking or financial service or facility in any jurisdiction where it would be unlawful to do so. This document has been prepared without taking into account any person's objectives, financial situation or needs.

Recipients should not construe the contents of this document as financial, investment or other advice. It should not be relied on in making any investment decision. 

In April 2025, Macquarie Group Limited and Nomura Holding America Inc. (Nomura) announced that they had entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. The transaction is subject to customary closing conditions, including the receipt of applicable regulatory, client, and shareholder approvals. Subject to such approvals and the satisfaction of these conditions, the transaction is expected to close by the end of 2025.

Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Investment advisory services are provided to the Macquarie Funds by Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment adviser. The Macquarie Funds are distributed by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA) and an affiliate of MIMBT.

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this material is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

All third-party marks cited are the property of their respective owners.

^© 2025 Macquarie Group Limited

[4762730] 8/2025

MACQUARIE FUNDS

Hi __________,

I’m reaching out to inform you of the types of shareholder communications and related timing that shareholders of the Macquarie Funds may have received regarding the upcoming Special Meeting of Shareholders.

Below are the details of the mailing(s):

[Reminder Letter 2]

WHAT: a Reminder letter, requesting Fund shareholders to vote their shares. The Reminder letter is the x letter in this <SEC Letter Filing> (filed with the SEC and public).

WHO: a targeted group of shareholders who have not yet voted and have greater than [x] shares.

WHEN: the mailing commenced [Date].]

Information for contacting the proxy solicitors to vote shares is included in these mailings. Solicitation will cease once the shareholder has voted. We ask that you please encourage your clients to read the proxy statement carefully and vote their shares.

Please reach out with any questions, and I would be happy to help.

Best regards,

[Name]

registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA) and an affiliate of MIMBT

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this material is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

On April 21, 2025, Macquarie Group Limited and Nomura Holding America Inc. (Nomura) announced that they had entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business, which comprises Delaware Management Company, a series of Macquarie Investment Management Business Trust, and certain of its affiliates. The transaction is subject to customary closing conditions, including the receipt of applicable regulatory and shareholder approvals. Subject to such approvals and the satisfaction of these conditions, the transaction is expected to close by the end of 2025.

Advisor instructions

1. Obtain consent from clients to vote on their behalf

2. Acknowledge that they are voting on behalf of the shareholder

3. Excel doc with Client Name, Address, Funds Held and Vote (For, Against, or Abstain) or provide information within body of email. If the client/advisor does not want the address provided in the email, they can provide the Investor ID instead.

4. Email to [ ].

5. Solicitor calls should cease within 48 hours (24 hours for funds held direct)

6. Client will receive confirmation of their vote in mail