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	C	Weak or Absent	Up	Down	Down	5.47%
May 30	C	Weak or Absent	Up	Down	Down	5.89%
May 29	C	Weak or Absent	Up	Down	Down	5.89%
May 28	C	Weak or Absent	Up	Flat	Down	4.89%
May 24	B	Strong	Up	Flat	Down	4.32%
May 23	B	Strong	Up	Flat	Down	4.42%
May 22	C	Strong	Up	Flat	Down	4.01%
May 21	A	Strong	Up	Up	Flat	2.54%
May 20	B	Strong	Up	Up	Flat	2.54%
May 17	A	Strong	Up	Up	Up	2.09%