Trend Table for VFL - Delaware Investments National Municipal Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 10	B	Very Strong	Up	Up	Flat	7.75%
Jan 9	B	Very Strong	Up	Up	Flat	7.85%
Jan 8	B	Very Strong	Up	Up	Up	6.82%
Jan 5	C	Very Strong	Up	Up	Flat	8.70%
Jan 4	A	Very Strong	Up	Up	Up	7.85%
Jan 3	A	Very Strong	Up	Up	Up	6.92%
Jan 2	B	Very Strong	Up	Up	Up	7.91%
Dec 29	B	Very Strong	Up	Up	Flat	8.91%
Dec 28	C	Very Strong	Up	Up	Flat	9.34%
Dec 27	C	Very Strong	Up	Up	Up	8.94%