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
Dec 26	C	Very Strong	Up	Up	Up	9.36%
Dec 22	C	Very Strong	Up	Up	Up	8.73%
Dec 21	C	Very Strong	Up	Up	Up	9.05%
Dec 20	B	Very Strong	Up	Up	Up	9.15%
Dec 19	C	Very Strong	Up	Up	Up	9.58%
Dec 18	C	Very Strong	Up	Up	Up	10.12%
Dec 15	C	Very Strong	Up	Up	Up	9.80%
Dec 14	C	Very Strong	Up	Up	Up	11.55%
Dec 13	C	Very Strong	Up	Up	Flat	14.53%
Dec 12	C	Very Strong	Up	Up	Flat	15.48%