Investment Objective
The objective of the Fund is to achieve capital growth by identifying long-term value in international equity assets and to outperform
the Morgan Stanley EAFE (Europe, Australia and Far East) Index (Net).
The Sub-Advisor
Delaware Capital Management is a wholly owned subsidiary of Lincoln Financial Group, a financial services organization with consolidated assets of more than $136 billion¹.
Top Ten Holdings
STOCK
% PORTFOLIO
Unilever Plc Adr
4.7
Novartis Ag Adr
4.2
Glaxosmithkline Plc Adr
4.1
Total S.a Adr
4.0
Rwe Ag Adr -usd
3.8
Canon Inc Adr
3.7
BP Plc Adr
3.6
Kao Corp-jpy
3.4
Telefonica S.a. Adr
3.4
Iberdrola
3.1
Sector Allocation
SECTOR
% PORTFOLIO
Miscellaneous Equity
17.5
Energy
14.7
Telecommunication
14.3
Financials
12.6
Health Care
10.1
Utilities
6.6
Consumer Staples
6.3
Information Technology
5.9
Consumer Discretionary
4.2
Materials
3.1
Cash Equivalents
2.4
Industrials
1.8
Note: The underlying data has been obtained from sources considered to be reliable but its accuracy and completeness cannot be assured. This evaluation is for informational purposes only and is not intended to be an offer,
solicitation, or recommendation with respect to the purchase or sale of any security or a recommendation of the services supplied by any money management organization. Past performance is not a guarantee of future results.
* The Annual Return represents the fund’s actual return net of all monthly fees and expenses.
¹ AUM as of September 30, 2009.
