Trend Table for VFL - Delaware Investments National Municipal Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	A	Strong	Up	Up	Up	12.36%
May 10	B	Strong	Up	Up	Up	12.15%
May 9	B	Strong	Up	Up	Up	11.71%
May 8	A	Weak or Absent	Up	Up	Up	11.71%
May 7	A	Weak or Absent	Up	Up	Up	12.04%
May 6	B	Weak or Absent	Up	Up	Up	13.14%
May 3	C	Weak or Absent	Up	Flat	Up	13.82%
May 2	C	Weak or Absent	Up	Down	Flat	15.42%
May 1	B	Weak or Absent	Up	Down	Flat	15.82%
Apr 30	B	Weak or Absent	Up	Down	Flat	15.65%