Fund & Portfolio Comparison

Performance Comparison
Comparison Box

Portfolio Performance Comparison
Name YTD Return 1Yr AR 3Yr AR 5Yr AR 10Yr AR 15Yr AR 20Yr AR Common Inception
VAZ (Delaware Investments Arizona Municipal Income Fund Inc) NA -100.00% -100.00% -100.00% -100.00% -100.00% NA
Data as of 07/22/2011, Common starting date is 08/18/1995
More Performance Analytics Comparison
Name Start Date End Date
VAZ (Delaware Investments Arizona Municipal Income Fund Inc) 08/18/1995 06/17/2011
Last 1 Week 1 Yr 3 Yr 5 Yr 10 Yr 15 Yr 20 Yr Common Inception 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Annualized Return (%) NA -100.00 -100.00 -100.00 -100.00 -100.00 NA 0.94 13.56 25.05 -17.89 -10.70 -0.95 6.94 3.50 11.96 6.03 13.71 21.90 -14.95 13.65 20.88 8.20 6.40
Sharpe Ratio NA 1.09 0.21 -0.02 0.15 NA NA 0.22 1.43 1.78 -0.54 -1.17 -0.32 0.42 0.18 0.91 0.43 1.32 1.57 -1.34 0.57 -2.08 0.31 0.89
Standard Deviation(%) NA 9.62 23.76 21.08 18.14 NA NA 9.19 9.40 14.04 34.64 11.77 13.43 11.43 14.44 12.37 11.55 8.76 11.38 13.52 18.27 16.43 14.85 16.71
Draw Down(%) NA 7.36 36.19 46.94 46.94 NA NA 4.49 6.53 9.74 37.91 16.80 10.54 8.84 18.08 11.77 12.74 7.15 5.30 18.70 8.97 5.64 6.61 4.45
Yield(%) 0.00 4.52 4.39 4.06 5.41 6.45 5.25 1.76 4.84 5.35 4.76 4.71 5.38 5.89 6.31 7.16 6.98 5.95 6.11 4.96 5.34 5.96 6.05 2.05
Data as of 07/22/2011, Common starting date is 08/18/1995
Performance Comparison Chart
Annualized Rolling Returns Comparison (Minimum)
Ticker/Portfolio Name 3 Year 5 Year 10 Year 15 Year
VAZ (Delaware Investments Arizona Municipal Income Fund Inc) -12.87%
Nov 2005 – Nov 2008
-5.14%
Nov 2003 – Nov 2008
0.48%
Nov 1998 – Nov 2008
5.30%
Jan 1996 – Jan 2011
Annualized Rolling Returns Comparison (Maximum)
Ticker/Portfolio Name 3 Year 5 Year 10 Year 15 Year
VAZ (Delaware Investments Arizona Municipal Income Fund Inc) 15.17%
May 2000 – May 2003
12.94%
Jan 2000 – Jan 2005
9.22%
Oct 1995 – Oct 2005
6.40%
Sep 1995 – Sep 2010
Annualized Rolling Returns Comparison Chart

3-Year Annualized Rolling Return