Trend Table for VFL - Delaware Investments National Municipal Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 25	A	Strong	Up	Up	Flat	7.25%
Jul 24	A	Strong	Up	Up	Flat	7.81%
Jul 23	A	Strong	Up	Up	Flat	7.61%
Jul 22	B	Strong	Up	Up	Flat	7.97%
Jul 19	A	Strong	Up	Up	Flat	8.02%
Jul 18	A	Strong	Up	Up	Flat	7.71%
Jul 17	A	Strong	Up	Up	Flat	7.71%
Jul 16	B	Strong	Up	Up	Up	7.20%
Jul 15	A	Strong	Up	Up	Up	7.20%
Jul 12	A	Strong	Up	Up	Up	7.20%