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 16	F	Weak or Absent	Down	Down	Down	16.21%
May 15	F	Weak or Absent	Down	Down	Flat	15.90%
May 12	F	Weak or Absent	Down	Down	Flat	15.90%
May 11	F	Weak or Absent	Down	Down	Down	16.01%
May 10	D	Weak or Absent	Down	Flat	Flat	15.23%
May 9	D	Weak or Absent	Down	Flat	Flat	15.56%
May 8	D	Weak or Absent	Down	Flat	Flat	15.45%
May 5	C	Weak or Absent	Down	Up	Up	14.35%
May 4	C	Weak or Absent	Down	Flat	Flat	14.90%
May 3	F	Weak or Absent	Down	Flat	Flat	15.56%