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 31	F	Weak or Absent	Down	Down	Flat	18.37%
May 30	F	Weak or Absent	Down	Down	Flat	18.84%
May 26	F	Weak or Absent	Down	Down	Down	19.80%
May 25	F	Weak or Absent	Down	Down	Down	19.44%
May 24	F	Weak or Absent	Down	Down	Down	20.16%
May 23	F	Weak or Absent	Down	Down	Down	19.08%
May 22	F	Weak or Absent	Down	Down	Down	18.25%
May 19	F	Weak or Absent	Down	Down	Down	17.31%
May 18	F	Weak or Absent	Down	Down	Down	17.44%
May 17	F	Weak or Absent	Down	Down	Down	17.15%