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 13	A	Strong	Up	Up	Up	3.18%
May 10	B	Strong	Up	Up	Up	2.99%
May 9	B	Strong	Up	Up	Up	2.59%
May 8	A	Weak or Absent	Up	Up	Up	2.59%
May 7	A	Weak or Absent	Up	Up	Up	2.89%
May 6	B	Weak or Absent	Up	Up	Up	3.90%
May 3	C	Weak or Absent	Up	Flat	Up	4.52%
May 2	C	Weak or Absent	Up	Down	Flat	5.99%
May 1	B	Weak or Absent	Up	Down	Flat	6.37%
Apr 30	B	Weak or Absent	Up	Down	Flat	6.21%