Stradley Ronon Stevens & Young, LLP
2005 Market Street, Suite 2600
Philadelphia, Pennsylvania 19103-7018
(215) 564-8000
April 11, 2014
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 Adviser Funds (the “Registrant”) | ||
| File Nos. 811-07972; 033-67490 | ||
| 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 risk/return summary disclosure that was included in the supplement relating to the prospectus dated February 28, 2014, for the Registrant, that was filed with the U.S. Securities and Exchange Commission via the EDGAR system on April 4, 2014 (Accession No. 0001582816-14-000130) 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: | Emilia P. Wang |
| Bruce G. Leto |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Document Type | dei_DocumentType | 497 |
| Document Period End Date | dei_DocumentPeriodEndDate | Apr. 11, 2014 |
| Registrant Name | dei_EntityRegistrantName | DELAWARE GROUP ADVISER FUNDS |
| Central Index Key | dei_EntityCentralIndexKey | 0000910682 |
| Amendment Flag | dei_AmendmentFlag | false |
| Document Creation Date | dei_DocumentCreationDate | Apr. 04, 2014 |
| Document Effective Date | dei_DocumentEffectiveDate | Apr. 04, 2014 |
| Prospectus Date | rr_ProspectusDate | Feb. 28, 2014 |
| Delaware Diversified Income Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||
Delaware Diversified Income Fund (Fund) |
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DELAWARE GROUP® ADVISER FUNDS
Delaware Diversified Income Fund (Fund)
Supplement to the Fund’s Class A, Class B, Class C, Class R, and Institutional Class Statutory Prospectus dated February 28, 2014
The following replaces the information in the section entitled, “What are the Fund’s fees and expenses?”. |
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What are the Fund’s fees and expenses? |
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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.” |
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Shareholder fees (fees paid directly from your investment) |
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Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) |
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The following replaces the information in the section entitled, “Example.”
Example |
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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 Distributor’s expense waiver 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: |
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(if not redeemed) |
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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 April 4, 2014. |
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| Label | Element | Value | ||||
|---|---|---|---|---|---|---|
| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| Risk/Return [Heading] | rr_RiskReturnHeading | Delaware Diversified Income Fund (Fund) |
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| Supplement [Text Block] | ck0000910682_SupplementTextBlock | DELAWARE GROUP® ADVISER FUNDS
Delaware Diversified Income Fund (Fund)
Supplement to the Fund’s Class A, Class B, Class C, Class R, and Institutional Class Statutory Prospectus dated February 28, 2014
The following replaces the information in the section entitled, “What are the Fund’s fees and expenses?”. |
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| Expense [Heading] | rr_ExpenseHeading | What are the Fund’s fees and expenses? |
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| 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.” |
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| Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder fees (fees paid directly from your investment) |
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| 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) |
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| Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | March 31, 2015 |
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| 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.” |
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| Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 100,000 | ||||
| Expense Example [Heading] | rr_ExpenseExampleHeading | The following replaces the information in the section entitled, “Example.”
Example |
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| Expense Example by Year [Heading] | rr_ExpenseExampleByYearHeading | 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 Distributor’s expense waiver 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: |
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| Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | (if not redeemed) |
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| Supplement Closing [Text Block] | ck0000910682_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 April 4, 2014. |
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Class A
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| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| 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 | 0.44% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
| Other expenses | rr_OtherExpensesOverAssets | 0.21% | ||||
| Total annual fund operating expenses | rr_ExpensesOverAssets | 0.90% | ||||
| Fee waivers and expense reimbursements | rr_FeeWaiverOrReimbursementOverAssets | |||||
| Total annual fund operating expenses after fee waivers and expense reimbursements | rr_NetExpensesOverAssets | 0.90% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 538 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 724 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 926 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,508 | ||||
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Class B
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| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| 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% | [1] | |||
| Management fees | rr_ManagementFeesOverAssets | 0.44% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||
| Other expenses | rr_OtherExpensesOverAssets | 0.21% | ||||
| Total annual fund operating expenses | rr_ExpensesOverAssets | 1.65% | ||||
| Fee waivers and expense reimbursements | rr_FeeWaiverOrReimbursementOverAssets | (0.75%) | [2] | |||
| Total annual fund operating expenses after fee waivers and expense reimbursements | rr_NetExpensesOverAssets | 0.90% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 492 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 672 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 976 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,690 | ||||
| Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 92 | ||||
| Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 447 | ||||
| Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 826 | ||||
| Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,690 | ||||
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Class C
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| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| 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 | 0.44% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||
| Other expenses | rr_OtherExpensesOverAssets | 0.21% | ||||
| Total annual fund operating expenses | rr_ExpensesOverAssets | 1.65% | ||||
| Fee waivers and expense reimbursements | rr_FeeWaiverOrReimbursementOverAssets | |||||
| Total annual fund operating expenses after fee waivers and expense reimbursements | rr_NetExpensesOverAssets | 1.65% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 268 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 520 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 897 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,955 | ||||
| Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 168 | ||||
| Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 520 | ||||
| Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 897 | ||||
| Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,955 | ||||
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Class R
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| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| 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 | 0.44% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.50% | ||||
| Other expenses | rr_OtherExpensesOverAssets | 0.21% | ||||
| Total annual fund operating expenses | rr_ExpensesOverAssets | 1.15% | ||||
| Fee waivers and expense reimbursements | rr_FeeWaiverOrReimbursementOverAssets | |||||
| Total annual fund operating expenses after fee waivers and expense reimbursements | rr_NetExpensesOverAssets | 1.15% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 117 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 365 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 633 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,398 | ||||
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Institutional Class
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| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| 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 | 0.44% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
| Other expenses | rr_OtherExpensesOverAssets | 0.21% | ||||
| Total annual fund operating expenses | rr_ExpensesOverAssets | 0.65% | ||||
| Fee waivers and expense reimbursements | rr_FeeWaiverOrReimbursementOverAssets | |||||
| Total annual fund operating expenses after fee waivers and expense reimbursements | rr_NetExpensesOverAssets | 0.65% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 66 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 208 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 362 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 810 | ||||
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Document And Entity Information
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0 Months Ended |
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Apr. 04, 2014
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| Document And Entity Information | |
| Document Type | 497 |
| Document Period End Date | Apr. 11, 2014 |
| Registrant Name | DELAWARE GROUP ADVISER FUNDS |
| Central Index Key | 0000910682 |
| Amendment Flag | false |
| Document Creation Date | Apr. 04, 2014 |
| Document Effective Date | Apr. 04, 2014 |
| Prospectus Date | Feb. 28, 2014 |