Trend Table for VFL - Delaware Investments National Municipal Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 11	A	Weak or Absent	Up	Up	Up	10.79%
Jun 10	A	Weak or Absent	Up	Up	Up	10.90%
Jun 7	A	Weak or Absent	Up	Up	Up	11.01%
Jun 6	A	Weak or Absent	Up	Up	Up	11.01%
Jun 5	A	Weak or Absent	Up	Up	Up	11.88%
Jun 4	A	Weak or Absent	Up	Up	Up	12.76%
Jun 3	B	Weak or Absent	Up	Flat	Flat	13.60%
May 31	C	Weak or Absent	Up	Down	Down	14.68%
May 30	C	Weak or Absent	Up	Down	Down	15.15%
May 29	C	Weak or Absent	Up	Down	Down	15.15%