Trend Table for VFL - Delaware Investments National Municipal Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	A	Very Strong	Up	Up	Up	12.16%
Jan 2	B	Very Strong	Up	Up	Up	13.19%
Dec 29	B	Very Strong	Up	Up	Flat	14.25%
Dec 28	C	Very Strong	Up	Up	Flat	14.70%
Dec 27	C	Very Strong	Up	Up	Up	14.28%
Dec 26	C	Very Strong	Up	Up	Up	14.72%
Dec 22	C	Very Strong	Up	Up	Up	14.05%
Dec 21	C	Very Strong	Up	Up	Up	14.39%
Dec 20	B	Very Strong	Up	Up	Up	14.50%
Dec 19	C	Very Strong	Up	Up	Up	14.95%