UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

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Item 1. Reports to Stockholders

Semiannual Report	Delaware Enhanced Global Dividend and Income Fund
	May 31, 2012
	The figures in the semiannual report for Delaware Enhanced Global Dividend and Income Fund represent past results, which are not a guarantee of future results. A rise or fall in interest rates can have a significant impact on bond prices. Funds that invest in bonds can lose their value as interest rates rise.
	Closed-end fund

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Table of contents

	Security type/sector and country allocations	1
	Statement of net assets	3
	Statement of operations	20
	Statements of changes in net assets	21
	Statement of cash flows	22
	Financial highlights	23
	Notes to financial statements	24
	Other Fund information	37
	About the organization	40

Unless otherwise noted, views expressed herein are current as of May 31, 2012, and subject to change.

Funds are not FDIC insured and are not guaranteed. It is possible to lose the principal amount invested.

Mutual fund advisory services are provided by Delaware Management Company, a series of Delaware Management Business Trust, which is a registered investment advisor. Delaware Investments, a member of Macquarie Group, refers to Delaware Management Holdings, Inc. and its subsidiaries. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide.

© 2012 Delaware Management Holdings, Inc.

All third-party marks cited are the property of their respective owners.

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Security type/sector and country allocations

Delaware Enhanced Global Dividend and Income Fund
As of May 31, 2012

Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment manager’s internal sector classifications, which may result in the sector designations for one fund being different than another fund’s sector designations.

		Percentage
Security type/sector		of Net Assets
Common Stock			56.00	%
Consumer Discretionary			6.07	%
Consumer Staples			6.45	%
Diversified REITs			0.42	%
Energy			5.42	%
Financials			5.35	%
Healthcare			6.68	%
Healthcare REITs			0.26	%
Hotel REITs			0.46	%
Industrial REITs			0.85	%
Industrials			6.76	%
Information Technology			4.08	%
Mall REITs			0.80	%
Manufactured Housing REIT			0.09	%
Materials			4.10	%
Mixed REITs			0.64	%
Mortgage REITs			0.27	%
Multifamily REITs			0.51	%
Office REITs			0.73	%
Real Estate Management & Development			0.13	%
Self-Storage REITs			0.16	%
Shopping Center REITs			0.77	%
Single Tenant REIT			0.16	%
Specialty REITs			0.28	%
Telecommunications			2.70	%
Utilities			1.86	%
Convertible Preferred Stock			2.61	%
Agency Collateralized Mortgage Obligations			0.19	%
Agency Mortgage-Backed Securities			1.15	%
Commercial Mortgage-Backed Securities			0.49	%
Convertible Bonds			12.68	%
Capital Goods			1.27	%
Communications			1.55	%
Consumer Cyclical			1.33	%
Consumer Non-Cyclical			1.96	%
Energy			0.59	%
Financials			1.70	%
Industrials			0.35	%
Real Estate			0.29	%
Services			0.61	%
Technology			3.03	%
Corporate Bonds			42.12	%
Automotive			1.46	%
Banking			1.08	%
Basic Industry			5.68	%
Brokerage			0.03	%
Capital Goods			2.80	%
Communications			3.95	%
Consumer Cyclical			2.38	%
Consumer Non-Cyclical			1.14	%
Energy			6.70	%
Financials			1.17	%
Healthcare			2.38	%
Industrials			0.03	%
Insurance			1.18	%
Media			3.14	%
Natural Gas			0.12	%
Real Estate			0.28	%
Services			4.29	%
Technology			3.17	%
Transportation			0.06	%
Utilities			1.08	%
Non-Agency Asset-Backed Securities			0.12	%
Non-Agency Collateralized Mortgage Obligations			0.10	%
Senior Secured Loans			1.05	%
Sovereign Bonds			9.17	%
U.S. Treasury Obligations			0.36	%
Leveraged Non-Recourse Security			0.00	%
Limited Partnership			0.03	%
Residual Interest Trust Certificate			0.00	%
Preferred Stock			0.57	%
Warrants			0.00	%
Short-Term Investments			8.79	%
Securities Lending Collateral			5.62	%
Total Value of Securities			141.05	%
Obligation to Return Securities Lending Collateral			(5.84	%)
Borrowing Under Line of Credit			(37.25	%)
Receivables and Other Assets Net of Other Liabilities			2.04	%
Total Net Assets			100.00	%

(continues)       1

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Security type/sector and country allocations

Delaware Enhanced Global Dividend and Income Fund

		Percentage
Country		of Net Assets
Australia			1.70	%
Barbados			0.16	%
Bermuda			0.72	%
Brazil			4.53	%
Canada			4.73	%
Cayman Islands			0.87	%
Chile			0.38	%
China			1.12	%
Denmark			0.59	%
Finland			0.30	%
France			6.29	%
Germany			1.59	%
Hong Kong			1.54	%
Indonesia			3.63	%
Ireland			0.57	%
Israel			1.24	%
Japan			5.14	%
Jersey			0.24	%
Luxembourg			1.36	%
Mexico			1.55	%
Multinational			0.18	%
Netherlands			2.02	%
Panama			1.40	%
Poland			0.33	%
Republic of Korea			0.33	%
Russia			0.65	%
Singapore			0.06	%
Spain			0.15	%
Sweden			1.04	%
Switzerland			1.81	%
United Kingdom			7.67	%
United States			72.75	%
Total			126.64	%

The percentage of net assets exceeds 100% because the Fund utilizes a line of credit with The Bank of New York Mellon, as described in Note 8 in “Notes to financial statements.” The Fund utilizes leveraging techniques in an attempt to obtain a higher return for the Fund. There is no assurance that the Fund will achieve its investment objectives through the use of such techniques.

2

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Statement of net assets

Delaware Enhanced Global Dividend and Income Fund
May 31, 2012 (Unaudited)

			Number of		Value
			Shares		(U.S. $)
vCommon Stock – 56.00%
Consumer Discretionary – 6.07%
*	Bayerische Motoren Werke		11,479		$	867,100
†	DIRECTV Class A		2,250			100,013
	Don Quijote		37,200			1,335,981
	Genuine Parts		10,800			680,400
	Hyundai Home Shopping Network		5,758			587,765
	Mattel		20,800			647,504
	PPR		4,429			629,691
	Publicis Groupe		18,845			871,581
	Sumitomo Rubber Industries		52,561			637,266
	Techtronic Industries		898,500			1,103,221
	Toyota Motor		47,005			1,823,689
	Yue Yuen Industrial Holdings		460,500			1,432,842
						10,717,053
Consumer Staples – 6.45%
	Archer-Daniels-Midland		15,000			478,200
†	Aryzta		40,568			1,828,911
	Carlsberg Class B		13,953			1,039,557
	Coca-Cola Amatil		104,994			1,314,027
	ConAgra Foods		39,000			980,850
	Greggs		94,536			731,876
	Kimberly-Clark		12,300			976,005
	Kraft Foods Class A		25,300			968,231
	Lorillard		7,400			914,640
*	Safeway		46,600			886,332
	TESCO		272,505			1,270,210
						11,388,839
Diversified REITs – 0.42%
	Champion REIT		125,000			50,570
	Investors Real Estate Trust		10,260			72,949
	Lexington Reality Trust		32,170			267,333
	Mapletree Logistics Trust		70,000			52,967
	Nieuwe Steen Investments		89			685
	Orix JREIT		17			75,936
	Stockland		70,059			217,666
	Vornado Realty Trust		128			10,486
						748,592
Energy – 5.42%
	Chevron		6,400			629,184
	CNOOC		720,000			1,302,420
	ConocoPhillips		9,000			469,440
	Marathon Oil		17,300			430,943
	Petroleo Brasileiro ADR		53,900			1,018,710
†	Phillips 66		4,500			135,135
	Royal Dutch Shell ADR		14,300			920,205
	Spectra Energy		22,400			643,104
	Subsea 7		60,157			1,183,329
	Total		33,188			1,426,420
*	Total ADR		21,400			921,698
	Williams		15,600			476,268
						9,556,856
Financials – 5.35%
	Allstate		29,400			997,836
	AXA		83,997			943,021
	Bank of New York Mellon		21,700			441,812
*	Fifth Street Finance		29,454			280,107
	Gallagher (Arthur J.)		23,000			799,020
*	Home Loan Servicing Solution		24,295			325,067
	Marsh & McLennan		21,000			671,580
	Mitsubishi UFJ Financial Group		334,728			1,452,461
	Nordea Bank		126,329			933,735
	Nordea Bank FDR		31,412			230,872
	Solar Capital		8,100			176,337
	Standard Chartered		67,448			1,360,231
	Travelers		13,300			831,117
						9,443,196
Healthcare – 6.68%
	Abbott Laboratories		10,400			642,616
†	Alliance HealthCare Services		8,445			8,783
*	AstraZeneca ADR		14,700			594,027
	Baxter International		9,200			465,704
	Bristol-Myers Squibb		22,200			740,148
	Johnson & Johnson		13,300			830,319
	Meda Class A		70,986			679,053
	Merck		31,800			1,195,044
	Novartis		26,430			1,372,439
	Pfizer		46,560			1,018,267
	Sanofi		19,893			1,352,654
	Sanofi ADR		20,300			690,809
	Teva Pharmaceutical Industries ADR		56,000			2,194,641
						11,784,504
Healthcare REITs – 0.26%
	HCP		1,100			44,924
	Health Care REIT		1,875			104,006
	Ventas		5,342			314,217
						463,147
Hotel REITs – 0.46%
	Ashford Hospitality Trust		61,800			528,390
	DiamondRock Hospitality		17,600			174,944
	LaSalle Hotel Properties		1,200			33,096
	Summit Hotel Properties		9,300			74,121
						810,551
Industrial REITs – 0.85%
	BWP Trust		60,000			108,401
	DCT Industrial Trust		16,877			98,224
†	First Industrial Realty Trust		53,909			643,135
	Goodman Group		49,447			162,777
	ProLogis		385			12,312
	STAG Industrial		35,063			482,116
						1,506,965
Industrials – 6.76%
†	ACCO Brands		6,135			55,956
	Alstom		34,723			1,008,594
	Cie de Saint-Gobain		14,711			520,518
	Copa Holdings Class A		15,000			1,245,300
†	Delta Air Lines		6			73

(continues)       3

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Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

			Number of		Value
			Shares		(U.S. $)
vCommon Stock (continued)
Industrials (continued)
	Deutsche Post		78,144		$	1,286,838
	East Japan Railway		26,261			1,563,494
†	Flextronics International		7,400			47,508
	ITOCHU		129,202			1,416,432
	Koninklijke Philips Electronics		17,071			301,800
	Northrop Grumman		10,700			628,625
	Raytheon		19,000			956,080
	Teleperformance		65,859			1,573,876
*	Vallourec		11,230			419,286
	Waste Management		28,000			908,320
						11,932,700
Information Technology – 4.08%
	Automatic Data Processing		15,300			797,895
	Canon ADR		14,700			586,971
†	CGI Group Class A		120,850			2,801,759
	Intel		43,100			1,113,704
	Microsoft		24,000			700,560
*	Nokia		203,345			533,964
*†	Sohu.com		14,900			662,156
						7,197,009
Mall REITs – 0.80%
	General Growth Properties		14,518			243,177
	Macerich		389			22,192
	Pennsylvania Real Estate
	Investment Trust		8,500			107,780
*†	Rouse Properties		748			9,567
	Simon Property Group		6,908			1,019,068
						1,401,784
Manufactured Housing REIT – 0.09%
	Equity Lifestyle Properties		2,478			163,201
						163,201
Materials – 4.10%
†	AuRico Gold		161,007			1,200,091
	duPont (E.I.) deNemours		11,400			550,164
	Lafarge		12,470			458,491
	MeadWestvaco		18,600			511,500
=∏†	PT Holdings		100			1
	Rexam		312,159			1,939,101
	Rio Tinto		22,204			950,999
	Yamana Gold		110,987			1,628,733
						7,239,080
Mixed REITs – 0.64%
*	Digital Realty Trust		10,200			721,854
	Duke Realty		11,447			158,426
	Dupont Fabros Technology		2,500			63,725
	Liberty Property Trust		4,797			166,312
	PS Business Parks		400			26,356
						1,136,673
Mortgage REITs – 0.27%
	Chimera Investment		17,000			47,600
	Starwood Property Trust		20,900			418,836
						466,436
Multifamily REITs – 0.51%
	Apartment Investment
	& Management		15,728			425,757
	Associated Estates Realty		1,300			20,553
	BRE Properties		1,000			49,230
	Camden Property Trust		5,109			332,647
	Equity Residential		1,200			73,320
						901,507
Office REITs – 0.73%
	Alstria Office REIT		33,657			327,596
	Boston Properties		100			10,293
	Brandywine Realty Trust		2,300			25,829
	Commonwealth Property
	Office Fund		105,000			102,776
	Government Properties
	Income Trust		4,752			101,645
	Link REIT		33,000			126,702
	Mack-Cali Realty		11,500			313,260
	SL Green Realty		3,679			275,962
						1,284,063
Real Estate Management & Development – 0.13%
	Cyrela Brazil Realty		4,100			31,496
	Mitsubishi Estate		11,549			179,673
*	Renhe Commercial Holdings		264,000			13,265
						224,434
Self-Storage REITs – 0.16%
	Extra Space Storage		4,555			129,180
	Public Storage		1,150			153,490
						282,670
Shopping Center REITs – 0.77%
∏	Charter Hall Retail REIT		71,117			227,187
	Corio		2,685			111,335
	Equity One		1,500			29,790
	First Capital Realty		2,922			51,253
	Kimco Realty		12,857			230,783
	Ramco-Gershenson Properties Trust		19,634			233,841
	Regency Centers		900			39,429
	Unibail-Rodamco		1,399			231,072
	Westfield Group		16,989			150,407
	Westfield Retail Trust		21,112			55,929
						1,361,026
Single Tenant REIT – 0.16%
	National Retail Properties		10,537			279,125
						279,125
Specialty REITs – 0.28%
	Entertainment Properties Trust		8,736			360,534
	Plum Creek Timber		1,520			55,480
	Potlatch		1,730			49,582
	Rayonier		450			19,337
						484,933
Telecommunications – 2.70%
	AT&T		31,500			1,076,355
=†	Century Communications		125,000			0
	CenturyLink		16,800			658,896
*	France Telecom ADR		900			11,367

4

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			Number of		Value
			Shares		(U.S. $)
vCommon Stock (continued)
Telecommunications (continued)
†	GeoEye		600		$	11,496
	Mobile TeleSystems ADR		62,900			1,046,656
	Verizon Communications		17,000			707,880
	Vodafone Group		468,831			1,249,587
						4,762,237
Utilities – 1.86%
	American Water Works		800			27,368
	Edison International		11,700			526,032
†	GenOn Energy		150			258
	National Grid		196,187			1,964,661
*	National Grid ADR		12,500			628,625
	NorthWestern		3,800			134,938
						3,281,882
Total Common Stock (cost $102,951,949)						98,818,463
Convertible Preferred Stock – 2.61%
*	Apache 6.00%
	exercise price $109.12,
	expiration date 8/1/13		3,700			176,786
	Aspen Insurance
	Holdings 5.625%
	exercise price $29.28,
	expiration date 12/31/49		9,924			543,959
	El Paso Energy Capital Trust 4.75%
	exercise price $41.59,
	expiration date 3/31/28		1,950			98,963
	HealthSouth 6.50%
	exercise price $30.50,
	expiration date 12/31/49		835			816,421
	Lucent Technologies
	Capital Trust I 7.75%
	exercise price $24.80,
	expiration date 3/15/17		954			660,168
	MetLife 5.00%
	exercise price $44.27,
	expiration date 9/4/13		8,450			495,677
	PPL 9.50%
	exercise price $28.80,
	expiration date 7/1/13		12,600			677,880
	SandRidge Energy 8.50%
	exercise price $8.01,
	expiration date 12/31/49		3,605			376,723
	Wells Fargo 7.50%
	exercise price $156.71,
	expiration date 12/31/49		679			753,004
Total Convertible Preferred Stock
	(cost $4,877,299)					4,599,581

		Principal
		Amount°
Agency Collateralized Mortgage Obligations – 0.19%
	Fannie Mae REMICs
	Series 2001-50 BA
	7.00% 10/25/41	USD		106,828			115,292
	Series 2003-122
	4.50% 2/25/28			39,771			40,463
	Freddie Mac
	Series 2557 WE
	5.00% 1/15/18			60,000			64,771
	Series 3131 MC
	5.50% 4/15/33			40,000			41,956
	Series 3173 PE
	6.00% 4/15/35			65,000			69,978
Total Agency Collateralized
	Mortgage Obligations
	(cost $312,874)						332,460
Agency Mortgage-Backed Securities – 1.15%
•	Fannie Mae ARM
	2.38% 10/1/36			7,272			7,755
	2.535% 10/1/36			11,225			12,034
	2.787% 4/1/36			12,427			13,286
	4.677% 3/1/38			20,033			21,321
	5.122% 11/1/35			16,322			17,459
	6.176% 4/1/36			39,783			42,683
	Fannie Mae S.F. 15 yr
	3.00% 11/1/26			14,256			14,949
	4.00% 11/1/25			152,374			164,049
	5.50% 1/1/23			30,343			32,994
	Fannie Mae S.F. 15 yr TBA
	3.00% 6/1/27			31,000			32,443
	3.50% 6/1/27			98,000			103,405
	Fannie Mae S.F. 30 yr
	6.50% 6/1/36			22,848			25,959
	6.50% 10/1/36			16,429			18,665
	6.50% 12/1/37			28,214			32,240
	Fannie Mae S.F. 30 yr TBA
	4.00% 6/1/42			49,000			52,162
	4.00% 7/1/42			40,000			42,500
	4.00% 8/1/42			35,000			37,122
	Freddie Mac 6.00% 1/1/17			17,061			17,583
•	Freddie Mac ARM
	2.501% 7/1/36			11,518			12,215
	5.185% 10/1/36			25,729			27,529
	Freddie Mac S.F. 15 yr
	5.00% 6/1/18			11,279			12,099
	5.00% 12/1/22			62,295			67,079
	Freddie Mac S.F. 30 yr
	5.00% 1/1/34			529,392			572,868
	7.00% 11/1/33			37,580			44,579
	9.00% 9/1/30			48,515			53,727
	GNMA I S.F. 30 yr
	7.50% 12/15/23			75,806			82,766
	7.50% 1/15/32			60,168			73,608
	9.50% 9/15/17			61,570			71,166
	12.00% 5/15/15			27,815			30,838

(continues)       5

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Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal				Value
		Amount°				(U.S. $)
Agency Mortgage-Backed Securities (continued)
	GNMA II S.F. 30 yr
	6.00% 11/20/28	USD		70,002		$	79,062
	6.50% 2/20/30			185,557			215,971
Total Agency Mortgage-Backed
	Securities (cost $1,869,578)						2,032,116
Commercial Mortgage-Backed Securities – 0.49%
#	American Tower Trust 144A
	Series 2007-1A AFX
	5.42% 4/15/37			75,000			79,790
	BAML Mortgage
	Series 2005-1 A3
	4.877% 11/10/42			10,998			10,989
	•Series 2005-6 A4
	5.193% 9/10/47			180,000			200,532
•	Bear Stearns Commercial
	Mortgage Securities
	Series 2006-PW12 A4
	5.719% 9/11/38			25,000			28,325
•w	Commercial Mortgage Pass
	Through Certificates
	Series 2005-C6 A5A
	5.116% 6/10/44			95,000			103,439
	Goldman Sachs Mortgage
	Securities II
	•Series 2004-GG2 A6
	5.396% 8/10/38			60,000			64,305
	Series 2005-GG4 A4A
	4.751% 7/10/39			115,000			123,976
	•Series 2006-GG6 A4
	5.553% 4/10/38			10,000			11,049
•	JPMorgan Chase Commercial
	Mortgage Securities
	Series 2005-LDP3 A4A
	4.936% 8/15/42			35,000			38,265
•	Morgan Stanley Capital I
	Series 2007-T27 A4
	5.658% 6/11/42			160,000			184,990
#	Timberstar Trust 144A
	Series 2006-1A A
	5.668% 10/15/36			25,000			27,972
Total Commercial Mortgage-Backed
	Securities (cost $709,427)						873,632
Convertible Bonds – 12.68%
Capital Goods – 1.27%
	AAR
	1.75% exercise price $29.04,
	expiration date 1/1/26			215,000			209,894
	#144A 1.75%
	exercise price $29.04,
	expiration date 1/1/26			90,000			87,863
	L-3 Communications Holdings
	3.00% exercise price $95.46,
	expiration date 8/1/35			868,000			848,470
#	Owens-Brockway Glass
	Container 144A 3.00%
	exercise price $47.47,
	expiration date 5/28/15			1,161,000			1,104,401
							2,250,628
Communications – 1.55%
#	Alaska Communications
	Systems Group 144A 6.25%
	exercise price $10.28,
	expiration date 4/27/18			538,000			376,600
#	Clearwire Communications 144A
	8.25% exercise price $7.08,
	expiration date 11/30/40			576,000			342,720
*	Leap Wireless International 4.50%
	exercise price $93.21,
	expiration date 7/15/14			826,000			783,668
	Rovi 2.625%
	exercise price $47.36,
	expiration date 2/10/40			408,000			401,370
	SBA Communications 4.00%
	exercise price $30.38,
	expiration date 10/1/14			464,000			828,240
							2,732,598
Consumer Cyclical – 1.33%
ϕ	ArvinMeritor 4.00%
	exercise price $26.73,
	expiration date 2/15/27			597,000			452,228
	International Game
	Technology 3.25%
	exercise price $19.97,
	expiration date 5/1/14			434,000			467,635
	MGM Resorts International 4.25%
	exercise price $18.58,
	expiration date 4/10/15			555,000			550,144
	Pantry 3.00%
	exercise price $50.09,
	expiration date 11/15/12			871,000			875,354
							2,345,361
Consumer Non-Cyclical – 1.96%
*	Alere 3.00%
	exercise price $43.98,
	expiration date 5/15/16			705,000			634,500
	Dendreon 2.875%
	exercise price $51.24,
	expiration date 1/13/16			197,000			140,116
#	Illumina 144A 0.25%
	exercise price $83.55,
	expiration date 3/11/16			195,000			177,206
	LifePoint Hospitals 3.50%
	exercise price $51.79,
	expiration date 5/14/14			870,000			891,749

6

---

		Principal				Value
		Amount°				(U.S. $)
Convertible Bonds (continued)
Consumer Non-Cyclical (continued)
	Medtronic 1.625%
	exercise price $53.13,
	expiration date 4/15/13	USD		346,000		$	348,595
	Mylan 3.75%
	exercise price $13.32,
	expiration date 9/10/15			261,000			456,750
	NuVasive
	2.25% exercise price $44.74,
	expiration date 3/15/13			111,000			112,804
	2.75% exercise price $42.13,
	expiration date 6/30/17			786,000			694,628
							3,456,348
Energy – 0.59%
	Helix Energy
	Solutions Group 3.25%
	exercise price $25.02,
	expiration date 3/12/32			520,000			547,950
	Transocean 1.50%
	exercise price $158.97,
	expiration date 12/15/37			491,000			490,386
							1,038,336
Financials – 1.70%
#	Ares Capital 144A 5.75%
	exercise price $19.13,
	expiration date 2/1/16			561,000			569,415
#	BGC Partners 144A 4.50%
	exercise price $9.84,
	expiration date 7/13/16			365,000			346,294
	Euronet Worldwide 3.50%
	exercise price $40.48,
	expiration date 10/15/25			1,027,000			1,033,419
	MGIC Investment 5.00%
	exercise price $13.44,
	expiration date 4/27/17			301,000			191,511
	PHH 4.00%
	exercise price $25.80,
	expiration date 9/1/14			867,000			857,246
							2,997,885
Industrials – 0.35%
ϕ	General Cable 4.50%
	exercise price $36.75,
	expiration date 11/15/29			584,000			611,010
							611,010
Real Estate – 0.29%
#	Lexington Realty Trust 144A 6.00%
	exercise price $7.01,
	expiration date 1/11/30			358,000			465,848
*	National Retail Properties 5.125%
	exercise price $25.37,
	expiration date 6/15/28			48,000			53,100
							518,948
Services – 0.61%
	Live Nation Entertainment 2.875%
	exercise price $27.14,
	expiration date 7/14/27			1,128,000			1,085,700
							1,085,700
Technology – 3.03%
	Advanced Micro Devices
	5.75% exercise price $20.13,
	expiration date 8/15/12			250,000			252,500
	6.00% exercise price $28.08,
	expiration date 4/30/15			898,000			908,102
	#144A 6.00%
	exercise price $28.08,
	expiration date 4/30/15			31,000			31,349
*	Alcatel-Lucent USA 2.875%
	exercise price $15.35,
	expiration date 6/15/25			729,000			720,799
#	Ciena 144A 3.75%
	exercise price $20.17,
	expiration date 10/15/18			517,000			526,694
ϕ	Hologic 2.00%
	exercise price $31.17,
	expiration date 2/27/42			174,000			158,340
	Intel 3.25%
	exercise price $22.45,
	expiration date 8/1/39			384,000			505,920
	Linear Technology 3.00%
	exercise price $42.72,
	expiration date 5/1/27			959,000			985,372
*	SanDisk 1.50%
	exercise price $52.37,
	expiration date 8/11/17			529,000			529,000
	VeriSign 3.25%
	exercise price $34.37,
	expiration date 8/15/37			575,000			729,531
							5,347,607
Total Convertible Bonds
	(cost $21,811,317)						22,384,421
Corporate Bonds – 42.12%
Automotive – 1.46%
	American Axle & Manufacturing
	*7.75% 11/15/19			55,000			58,300
	7.875% 3/1/17			225,000			232,031
	ArvinMeritor
	8.125% 9/15/15			281,000			300,319
	*10.625% 3/15/18			85,000			92,438
	Chrysler Group 8.25% 6/15/21			915,000			921,862
	Dana Holding 6.75% 2/15/21			119,000			127,925
	Ford Motor Credit
	12.00% 5/15/15			245,000			311,150

(continues)       7

---

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal				Value
		Amount°				(U.S. $)
Corporate Bonds (continued)
Automotive (continued)
#	International Automotive
	Components Group 144A
	9.125% 6/1/18	USD		290,000		$	263,175
#	Jaguar Land Rover 144A
	8.125% 5/15/21			260,000			263,900
							2,571,100
Banking – 1.08%
	Abbey National Treasury Services
	4.00% 4/27/16			30,000			29,244
	Bank of America
	3.75% 7/12/16			10,000			9,897
	3.875% 3/22/17			15,000			14,967
	5.70% 1/24/22			5,000			5,322
	BB&T
	3.95% 3/22/22			10,000			10,481
	City National
	5.25% 9/15/20			15,000			15,690
	Fifth Third Bancorp
	3.50% 3/15/22			5,000			5,089
•	Fifth Third Capital Trust IV
	6.50% 4/15/37			310,000			305,350
	Goldman Sachs Group
	5.75% 1/24/22			5,000			5,139
•#	HBOS Capital Funding 144A
	6.071% 6/29/49			659,000			415,170
	HSBC Holdings
	4.00% 3/30/22			25,000			25,498
	JPMorgan Chase
	4.50% 1/24/22			10,000			10,689
	JPMorgan Chase Capital XXV
	6.80% 10/1/37			55,000			55,418
	KeyCorp
	5.10% 3/24/21			20,000			22,640
	Lloyds TSB Bank 4.20% 3/28/17			15,000			14,996
	PNC Funding
	3.30% 3/8/22			5,000			5,123
	5.125% 2/8/20			30,000			34,663
	5.625% 2/1/17			35,000			39,213
•	Regions Financial Trust
	6.625% 5/15/47			720,000			672,299
	Santander Holdings USA
	4.625% 4/19/16			10,000			9,744
	SunTrust Banks
	3.50% 1/20/17			15,000			15,488
*	SVB Financial Group
	5.375% 9/15/20			25,000			27,327
•	USB Capital IX
	3.50% 10/29/49			80,000			59,967
	Wachovia
	•0.837% 10/15/16			10,000			9,285
	5.25% 8/1/14			20,000			21,399
	5.625% 10/15/16			35,000			39,268
	Wells Fargo
	2.10% 5/8/17			10,000			9,910
	Zions Bancorporation
	4.50% 3/27/17			5,000			5,022
	7.75% 9/23/14			5,000			5,433
							1,899,731
Basic Industry – 5.68%
*	AK Steel 7.625% 5/15/20			301,000			279,930
	Alcoa
	5.40% 4/15/21			200,000			206,597
	6.75% 7/15/18			15,000			17,064
#	Algoma Acquisition 144A
	9.875% 6/15/15			303,000			275,730
#	APERAM 144A
	7.75% 4/1/18			225,000			204,750
	ArcelorMittal
	6.25% 2/25/22			5,000			4,973
	9.85% 6/1/19			20,000			23,709
#	Barrick Gold 144A
	3.85% 4/1/22			30,000			30,979
	5.25% 4/1/42			5,000			5,353
	Barrick North America Finance
	4.40% 5/30/21			5,000			5,398
*#	Cemex Espana Luxembourg 144A
	9.25% 5/12/20			309,000			247,200
	CF Industries
	6.875% 5/1/18			15,000			17,888
	CONSOL Energy
	8.25% 4/1/20			300,000			301,500
	Domtar
	4.40% 4/1/22			10,000			9,862
	Dow Chemical
	8.55% 5/15/19			34,000			45,034
	Eastman Chemical
	3.60% 8/15/22			20,000			19,990
#	FMG Resources August
	2006 144A
	6.875% 2/1/18			115,000			113,563
	*6.875% 4/1/22			275,000			265,375
	7.00% 11/1/15			210,000			211,050
	Georgia-Pacific
	8.00% 1/15/24			30,000			39,946
	Headwaters
	7.625% 4/1/19			310,000			299,150
	Hexion US Finance
	8.875% 2/1/18			45,000			45,000
	9.00% 11/15/20			172,000			150,930
	Immucor 11.125% 8/15/19			275,000			299,750
*#	Ineos Group Holdings 144A
	8.50% 2/15/16			940,000			853,049
#	Inmet Mining 144A
	8.75% 6/1/20			300,000			294,000
	Interface
	7.625% 12/1/18			205,000			220,888

8

---

		Principal				Value
		Amount°				(U.S. $)
Corporate Bonds (continued)
Basic Industry (continued)
	International Paper
	4.75% 2/15/22	USD		25,000		$	26,757
	9.375% 5/15/19			5,000			6,700
#	International Wire Group
	Holdings 144A
	9.75% 4/15/15			190,000			200,450
#	JMC Steel Group 144A
	8.25% 3/15/18			305,000			309,575
#	Kinove German Bondco 144A
	9.625% 6/15/18			320,000			328,800
#	Longview Fibre Paper &
	Packaging 144A
	8.00% 6/1/16			305,000			304,238
#	LyondellBasell Industries 144A
	5.75% 4/15/24			485,000			499,549
	6.00% 11/15/21			160,000			172,000
#	MacDermid 144A
	9.50% 4/15/17			366,000			381,554
#	Masonite International 144A
	8.25% 4/15/21			370,000			378,325
	Millar Western Forest Products
	8.50% 4/1/21			225,000			187,875
*	Momentive Performance Materials
	9.00% 1/15/21			171,000			129,960
	11.50% 12/1/16			215,000			162,325
#	Murray Energy 144A
	10.25% 10/15/15			270,000			241,650
	Norcraft
	10.50% 12/15/15			186,000			176,700
	Nortek
	8.50% 4/15/21			320,000			312,000
#	Peabody Energy 144A
	6.25% 11/15/21			300,000			300,750
	Ply Gem Industries
	13.125% 7/15/14			155,000			154,613
=@	Port Townsend
	12.431% 8/27/12			31,962			14,543
	Ryerson
	•7.841% 11/1/14			166,000			159,360
	12.00% 11/1/15			201,000			206,025
^	Ryerson Holding
	29.121% 2/1/15			465,000			252,263
#	Taminco Global Chemical 144A
	9.75% 3/31/20			580,000			593,049
	Teck Resources
	3.00% 3/1/19			5,000			4,927
	Vale Overseas
	4.375% 1/11/22			30,000			30,137
							10,022,783
Brokerage – 0.03%
	Jefferies Group
	6.25% 1/15/36			5,000			4,375
	6.45% 6/8/27			5,000			4,675
	Lazard Group
	6.85% 6/15/17			34,000			37,407
							46,457
Capital Goods – 2.80%
	ABB Finance USA
	2.875% 5/8/22			10,000			10,000
	Anixter
	10.00% 3/15/14			15,000			16,350
	Berry Plastics
	9.75% 1/15/21			422,000			440,990
	10.25% 3/1/16			160,000			164,400
#	DAE Aviation Holdings 144A
	11.25% 8/1/15			294,000			304,290
	Energizer Holdings
	4.70% 5/24/22			15,000			15,662
	Kratos Defense &
	Security Solutions
	10.00% 6/1/17			275,000			292,875
*	Manitowoc 9.50% 2/15/18			255,000			279,863
*	Mueller Water Products
	7.375% 6/1/17			300,000			300,000
#	Reynolds Group Issuer 144A
	8.50% 2/15/21			125,000			116,563
	9.00% 4/15/19			310,000			299,150
	9.875% 8/15/19			775,000			774,031
#	Sealed Air 144A
	8.125% 9/15/19			70,000			76,300
	8.375% 9/15/21			475,000			524,875
	Stanley Black & Decker
	3.40% 12/1/21			5,000			5,216
	TriMas 9.75% 12/15/17			210,000			230,475
#	Votorantim Cimentos 144A
	7.25% 4/5/41			1,118,000			1,098,434
							4,949,474
Communications – 3.95%
	American Tower
	4.70% 3/15/22			240,000			249,624
	5.90% 11/1/21			30,000			33,594
	CenturyLink 5.80% 3/15/22			210,000			207,590
#	Clearwire Communications
	144A 12.00% 12/1/15			524,000			457,639
#	Columbus International 144A
	11.50% 11/20/14			270,000			280,800
	Cricket Communications
	7.75% 5/15/16			130,000			137,800
	*7.75% 10/15/20			180,000			165,375
#	Crown Castle Towers 144A
	4.883% 8/15/20			30,000			32,941

(continues)       9

---

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal				Value
		Amount°				(U.S. $)
Corporate Bonds (continued)
Communications (continued)
#	Digicel Group 144A
	8.875% 1/15/15	USD		115,000		$	113,850
	9.125% 1/15/15			120,000			118,800
	10.50% 4/15/18			330,000			339,899
	Frontier Communications
	7.125% 3/15/19			120,000			116,100
	Hughes Satellite Systems
	7.625% 6/15/21			280,000			291,200
#	Integra Telecom Holdings 144A
	10.75% 4/15/16			225,000			216,563
	Intelsat Bermuda
	11.25% 2/4/17			570,000			561,449
	PIK 11.50% 2/4/17			319,784			314,987
#	Intelsat Jackson Holdings 144A
	7.25% 10/15/20			75,000			74,813
	Interpublic Group
	4.00% 3/15/22			15,000			15,017
	Level 3 Communications
	11.875% 2/1/19			170,000			183,175
	Level 3 Financing
	10.00% 2/1/18			297,000			321,502
	MetroPCS Wireless
	6.625% 11/15/20			165,000			160,050
	NII Capital
	7.625% 4/1/21			150,000			127,125
	Omnicom Group
	3.625% 5/1/22			10,000			10,192
	PAETEC Holding
	9.875% 12/1/18			195,000			214,988
	Qwest 6.75% 12/1/21			10,000			11,185
	Satmex Escrow
	9.50% 5/15/17			145,000			152,250
	#144A 9.50% 5/15/17			15,000			15,750
	Sprint Capital
	8.75% 3/15/32			178,000			150,855
	Sprint Nextel
	8.375% 8/15/17			475,000			458,374
	#144A 9.125% 3/1/17			125,000			124,375
	Telecom Italia Capital
	5.25% 10/1/15			35,000			34,038
	Telefonica Emisiones
	5.462% 2/16/21			20,000			17,893
	Telesat Canada
	12.50% 11/1/17			199,000			223,378
	Time Warner Cable
	8.25% 4/1/19			20,000			26,138
#	VimpelCom Holdings 144A
	7.504% 3/1/22			275,000			250,074
#	Vivendi 144A
	3.45% 1/12/18			5,000			4,823
	6.625% 4/4/18			25,000			27,625
#	Wind Acquisition Finance 144A
	7.25% 2/15/18			320,000			275,200
	11.75% 7/15/17			190,000			162,450
	Windstream
	7.50% 4/1/23			235,000			226,775
	7.875% 11/1/17			55,000			58,850
							6,965,106
Consumer Cyclical – 2.38%
*	Burlington Coat Factory
	Warehouse 10.00% 2/15/19			325,000			337,188
	CKE Restaurants
	11.375% 7/15/18			197,000			224,580
	Dave & Buster’s
	11.00% 6/1/18			330,000			356,399
	DineEquity
	9.50% 10/30/18			410,000			447,412
	Express
	8.75% 3/1/18			118,000			128,178
	Historic TW
	6.875% 6/15/18			25,000			30,809
#	Landry’s 144A
	9.375% 5/1/20			315,000			317,363
*	Levi Strauss
	7.625% 5/15/20			300,000			315,375
	Lowe’s
	3.12% 4/15/22			15,000			15,143
	Macy’s Retail Holdings
	3.875% 1/15/22			15,000			15,684
	Michaels Stores
	11.375% 11/1/16			95,000			101,413
	13.00% 11/1/16			109,000			116,358
*	OSI Restaurant Partners
	10.00% 6/15/15			145,000			149,350
*	Quiksilver
	6.875% 4/15/15			250,000			247,500
*#	Rite Aid 144A
	9.25% 3/15/20			445,000			428,312
	Sealy Mattress
	*8.25% 6/15/14			310,000			300,700
	#144A 10.875% 4/15/16			10,000			10,875
	Tops Holdings
	10.125% 10/15/15			281,000			300,670
	Toys R Us Property
	8.50% 12/1/17			300,000			310,125
	Western Union
	3.65% 8/22/18			10,000			10,835
	Wyndham Worldwide
	4.25% 3/1/22			15,000			15,276
	5.625% 3/1/21			10,000			11,044
	5.75% 2/1/18			5,000			5,615
							4,196,204
Consumer Non-Cyclical – 1.14%
	Amgen
	5.375% 5/15/43			10,000			10,777
#	Aristotle Holding 144A
	2.65% 2/15/17			5,000			5,096
	4.75% 11/15/21			5,000			5,522

10

---

		Principal				Value
		Amount°				(U.S. $)
Corporate Bonds (continued)
Consumer Non-Cyclical (continued)
#	BAT International Finance 144A
	3.25% 6/7/22	USD		15,000		$	14,860
	Boston Scientific
	6.00% 1/15/20			15,000			17,822
	CareFusion
	6.375% 8/1/19			65,000			77,483
	Celgene
	3.95% 10/15/20			15,000			15,825
	Constellation Brands
	6.00% 5/1/22			290,000			308,850
	Covidien International Finance
	4.20% 6/15/20			20,000			22,099
*	Dean Foods
	7.00% 6/1/16			219,000			229,129
	Del Monte
	7.625% 2/15/19			300,000			292,500
	GlaxoSmithKline Capital
	1.50% 5/8/17			5,000			5,013
	2.85% 5/8/22			10,000			10,134
#	Heineken
	144A 3.40% 4/1/22			15,000			15,462
#	JBS USA
	144A 8.25% 2/1/20			290,000			277,675
	Kellogg
	1.75% 5/17/17			5,000			4,996
	3.125% 5/17/22			10,000			10,085
	Koninklijke Philips Electronics
	3.75% 3/15/22			10,000			10,445
	5.00% 3/15/42			15,000			16,114
#	Kraft Foods Group 144A
	3.50% 6/6/22			20,000			20,484
	5.00% 6/4/42			10,000			10,427
*	Kroger 3.40% 4/15/22			15,000			14,931
	Molson Coors Brewing
	5.00% 5/1/42			10,000			10,694
	NBTY 9.00% 10/1/18			318,000			345,825
	Quest Diagnostics
	4.70% 4/1/21			5,000			5,591
	Safeway
	4.75% 12/1/21			15,000			14,938
#	Spectrum Brands 144A
	6.75% 3/15/20			50,000			50,813
	Visant
	10.00% 10/1/17			145,000			137,750
#	Woolworths 144A
	3.15% 4/12/16			20,000			20,958
	4.55% 4/12/21			5,000			5,588
	Zimmer Holdings
	4.625% 11/30/19			30,000			34,163
							2,022,049
Energy – 6.70%
	American Petroleum
	Tankers Parent
	10.25% 5/1/15			304,000			317,680
	AmeriGas Finance
	7.00% 5/20/22			300,000			294,750
	Antero Resources Finance
	9.375% 12/1/17			266,000			288,610
	Apache
	3.25% 4/15/22			10,000			10,441
	4.75% 4/15/43			15,000			16,512
	Calumet Specialty
	Products Partners
	9.375% 5/1/19			455,000			467,512
	Chaparral Energy
	8.25% 9/1/21			335,000			356,775
*	Chesapeake Energy
	6.125% 2/15/21			55,000			51,975
	6.625% 8/15/20			100,000			94,500
	Cimarex Energy 5.875% 5/1/22			30,000			30,825
*	Comstock Resources
	7.75% 4/1/19			165,000			152,625
	Copano Energy
	7.125% 4/1/21			65,000			67,275
	7.75% 6/1/18			199,000			208,453
	Crosstex Energy
	#144A 7.125% 6/1/22			135,000			134,325
	8.875% 2/15/18			210,000			221,550
	Devon Energy
	1.875% 5/15/17			5,000			4,993
	4.75% 5/15/42			10,000			10,503
*	Encana
	3.90% 11/15/21			25,000			24,970
#	Everest Acquisition 144A
	6.875% 5/1/19			145,000			148,806
#	Helix Energy Solutions 144A
	9.50% 1/15/16			79,000			82,851
#	Hercules Offshore 144A
	7.125% 4/1/17			75,000			72,469
	10.50% 10/15/17			367,000			368,835
#	Hilcorp Energy I 144A
	8.00% 2/15/20			271,000			289,970
	Holly 9.875% 6/15/17			206,000			228,660
#	Holly Energy Partners 144A
	6.50% 3/1/20			85,000			84,788
	Husky Energy
	3.95% 4/15/22			25,000			25,877
	Inergy
	6.875% 8/1/21			25,000			25,125
#	Key Energy Services 144A
	6.75% 3/1/21			450,000			451,688
#	Kodiak Oil & Gas 144A
	8.125% 12/1/19			430,000			443,438

(continues)       11

---

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

			Principal					Value
			Amount°					(U.S. $)
Corporate Bonds (continued)
Energy (continued)
	Laredo Petroleum
	#144A 7.375% 5/1/22		USD		75,000		$	76,875
	9.50% 2/15/19				325,000			362,375
	Linn Energy
	#144A 6.50% 5/15/19				60,000			58,500
	8.625% 4/15/20				241,000			256,665
	MarkWest Energy Partners
	6.50% 8/15/21				270,000			280,125
#	NFR Energy 144A
	9.75% 2/15/17				359,000			299,765
	Oasis Petroleum
	7.25% 2/1/19				235,000			243,225
	Offshore Group Investments
	11.50% 8/1/15				240,000			256,800
	#144A 11.50% 8/1/15				40,000			42,800
	Pemex Project Funding
	Master Trust
	6.625% 6/15/35				1,000,000			1,147,499
	Petrobras International Finance
	3.50% 2/6/17				15,000			15,244
	5.375% 1/27/21				40,000			42,888
#	Petroleos Mexicanos 144A
	6.50% 6/2/41				512,000			577,279
	Petroleum Development
	12.00% 2/15/18				177,000			191,160
	Pioneer Drilling
	9.875% 3/15/18				276,000			291,180
	#144A 9.875% 3/15/18				85,000			89,675
	Pride International
	6.875% 8/15/20				20,000			24,603
*	Quicksilver Resources
	9.125% 8/15/19				165,000			153,450
	Range Resources
	5.00% 8/15/22				300,000			288,375
	Regency Energy Partners
	6.875% 12/1/18				200,000			210,000
#	Samson Investment 144A
	9.75% 2/15/20				440,000			438,350
	SandRidge Energy
	7.50% 3/15/21				155,000			151,125
	#144A 8.125% 10/15/22				150,000			147,938
	8.75% 1/15/20				10,000			10,300
#	SESI 144A 7.125% 12/15/21				285,000			312,075
#	Sinopec Group
	Overseas Development
	2.75% 5/17/17				300,000			305,340
	Talisman Energy
	5.50% 5/15/42				10,000			10,295
*	TNK-BP Finance
	7.875% 3/13/18				400,000			453,000
	Transocean
	5.05% 12/15/16				20,000			21,861
	6.375% 12/15/21				5,000			5,751
	Weatherford Bermuda
	4.50% 4/15/22				20,000			20,750
	9.625% 3/1/19				15,000			19,799
#	Woodside Finance 144A
	8.125% 3/1/14				15,000			16,545
	8.75% 3/1/19				15,000			19,632
								11,818,025
Financials – 1.17%
	E Trade Financial PIK
	12.50% 11/30/17				257,000			296,193
	General Electric Capital
	2.30% 4/27/17				5,000			4,987
	4.65% 10/17/21				5,000			5,504
	5.875% 1/14/38				5,000			5,705
	6.00% 8/7/19				95,000			111,689
•#	ILFC E-Capital Trust I 144A
	5.03% 12/21/65				265,000			179,882
•#	ILFC E-Capital Trust II 144A
	6.25% 12/21/65				455,000			329,875
	International lease Finance
	5.875% 4/1/19				330,000			324,602
	6.25% 5/15/19				12,000			12,003
	8.75% 3/15/17				20,000			22,300
#	Neuberger Berman Group 144A
	5.625% 3/15/20				55,000			56,375
	5.875% 3/15/22				115,000			117,300
	Nuveen Investments
	10.50% 11/15/15				590,000			598,850
								2,065,265
Healthcare – 2.38%
	Alere
	9.00% 5/15/16				255,000			256,275
#	AMGH Merger Sub 144A
	9.25% 11/1/18				285,000			289,988
	Cardinal Health
	*1.90% 6/15/17				5,000			5,004
	3.20% 6/15/22				15,000			15,251
	Community Health Systems
	8.00% 11/15/19				265,000			271,956
	8.875% 7/15/15				84,000			86,258
	DaVita
	6.625% 11/1/20				300,000			305,250
#	Fresenius Medical Care
	US Finance II
	5.875% 1/31/22				300,000			299,250
	HCA 5.875% 3/15/22				310,000			308,450
	HCA Holdings
	7.75% 5/15/21				275,000			283,938
	HealthSouth
	7.75% 9/15/22				60,000			63,300
#	Kinetic Concepts 144A
	10.50% 11/1/18				250,000			253,750
	12.50% 11/1/19				215,000			193,500

12

---

		Principal				Value
		Amount°				(U.S. $)
Corporate Bonds (continued)
Healthcare (continued)
	LVB Acquisition
	11.625% 10/15/17	USD		289,000		$	307,785
#	Multiplan 144A
	9.875% 9/1/18			428,000			455,819
	Radnet Management
	10.375% 4/1/18			209,000			207,955
#	STHI Holding 144A
	8.00% 3/15/18			275,000			290,125
#	Tenet Healthcare 144A
	6.25% 11/1/18			300,000			303,750
							4,197,604
Industrials – 0.03%
	Yale University
	2.90% 10/15/14			45,000			47,385
							47,385
Insurance – 1.18%
•	American International Group
	8.175% 5/15/58			435,000			454,031
•	Chubb
	6.375% 3/29/67			15,000			15,300
	Coventry Health Care
	5.45% 6/15/21			15,000			17,241
#	Highmark 144A
	4.75% 5/15/21			5,000			5,201
	6.125% 5/15/41			5,000			5,495
•	ING Groep 5.775% 12/29/49			725,000			609,001
#	Liberty Mutual Group 144A
	4.95% 5/1/22			20,000			19,991
	6.50% 5/1/42			5,000			5,105
	•7.00% 3/15/37			465,000			416,175
	MetLife
	6.40% 12/15/36			100,000			95,510
	Prudential Financial
	3.875% 1/14/15			35,000			36,645
	Wellpoint
	3.125% 5/15/22			10,000			9,991
	4.625% 5/15/42			5,000			5,059
•	XL Group
	6.50% 12/31/49			510,000			395,250
							2,089,995
Media – 3.14%
	Affinion Group
	7.875% 12/15/18			407,000			345,950
#	AMC Networks 144A
	7.75% 7/15/21			305,000			340,075
*	Cablevision Systems
	8.00% 4/15/20			264,000			276,540
	CCO Holdings
	7.00% 1/15/19			25,000			26,438
	8.125% 4/30/20			370,000			408,850
	Clear Channel Communications
	9.00% 3/1/21			655,000			566,574
#	Clear Channel Worldwide
	Holdings 144A
	7.625% 3/15/20			245,000			234,750
#	CSC Holdings 144A
	6.75% 11/15/21			170,000			172,975
	DIRECTV Holdings
	3.80% 3/15/22			35,000			35,155
	Discovery Communications
	4.95% 5/15/42			15,000			15,743
	DISH DBS
	#144A 5.875% 7/15/22			75,000			73,500
	7.875% 9/1/19			200,000			223,500
	Entravision Communications
	8.75% 8/1/17			357,000			374,850
	MDC Partners
	11.00% 11/1/16			387,000			419,895
#	Nara Cable Funding 144A
	8.875% 12/1/18			200,000			176,000
	Nexstar Broadcasting
	8.875% 4/15/17			240,000			252,000
#	Ono Finance II 144A
	10.875% 7/15/19			540,000			434,700
#	Univision Communications 144A
	8.50% 5/15/21			525,000			509,249
#	UPC Holding 144A
	9.875% 4/15/18			345,000			374,325
	Videotron
	9.125% 4/15/18			15,000			16,463
	Virgin Media Finance
	8.375% 10/15/19			120,000			132,000
#	Wolverine Healthcare Analytics
	144A 10.625% 6/1/20			125,000			126,016
							5,535,548
Natural Gas – 0.12%
	El Paso Pipeline Partners
	Operating 6.50% 4/1/20			15,000			17,430
•	Enbridge Energy Partners
	8.05% 10/1/37			25,000			27,107
	Energy Transfer Partners
	9.70% 3/15/19			7,000			9,089
	Enterprise Products Operating
	•7.034% 1/15/68			35,000			37,317
	9.75% 1/31/14			5,000			5,676
	Kinder Morgan Energy Partners
	3.95% 9/1/22			10,000			10,120
	9.00% 2/1/19			20,000			26,057
	Plains All American Pipeline
	8.75% 5/1/19			10,000			13,228
	Southwest Gas
	3.875% 4/1/22			5,000			5,317
•	TransCanada Pipelines
	6.35% 5/15/67			30,000			30,842

(continues)       13

---

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal				Value
		Amount°				(U.S. $)
Corporate Bonds (continued)
Natural Gas (continued)
	Williams Partners
	4.00% 11/15/21	USD		5,000		$	5,197
	7.25% 2/1/17			20,000			24,057
							211,437
Real Estate – 0.28%
	Alexandria Real Estate Equities
	4.60% 4/1/22			15,000			15,462
	Boston Properties
	3.85% 2/1/23			10,000			9,978
	Brandywine Operating
	Partnership 4.95% 4/15/18			15,000			15,386
	Developers Diversified Realty
	4.75% 4/15/18			5,000			5,161
	7.50% 4/1/17			5,000			5,747
	7.875% 9/1/20			20,000			23,985
	Digital Realty Trust
	5.25% 3/15/21			20,000			21,368
	5.875% 2/1/20			10,000			11,110
#	Host Hotels & Resorts 144A
	5.25% 3/15/22			300,000			301,125
	6.00% 10/1/21			21,000			22,470
	Mack-Cali Realty
	4.50% 4/18/22			10,000			10,402
	Regency Centers
	5.875% 6/15/17			20,000			22,540
	UDR 4.625% 1/10/22			15,000			16,021
#	WEA Finance 144A
	4.625% 5/10/21			20,000			21,154
							501,909
Services – 4.29%
	Ameristar Casinos
	7.50% 4/15/21			285,000			297,113
	ARAMARK
	8.50% 2/1/15			173,000			177,327
#	Caesars Operating Escrow 144A
	8.50% 2/15/20			120,000			119,850
	Cardtronics
	8.25% 9/1/18			104,000			114,920
#	Carlson Wagonlit 144A
	6.875% 6/15/19			290,000			290,000
	Casella Waste Systems
	7.75% 2/15/19			310,000			305,350
	11.00% 7/15/14			10,000			10,575
#	Chester Downs & Marina 144A
	9.25% 2/1/20			150,000			154,875
#	Delta Air Lines 144A
	12.25% 3/15/15			228,000			247,380
#	Equinox Holdings 144A
	9.50% 2/1/16			261,000			279,270
	Iron Mountain
	8.375% 8/15/21			140,000			150,150
	Kansas City Southern de Mexico
	6.125% 6/15/21			60,000			65,250
	8.00% 2/1/18			227,000			254,240
	M/I Homes
	8.625% 11/15/18			486,000			494,504
#	Meritage Homes 144A
	7.00% 4/1/22			60,000			61,050
	MGM Resorts International
	*7.75% 3/15/22			185,000			185,000
	11.375% 3/1/18			643,000			744,272
#	Monitronics International 144A
	9.125% 4/1/20			140,000			136,500
	NCL 9.50% 11/15/18			55,000			60,225
	PHH 9.25% 3/1/16			451,000			471,294
	Pinnacle Entertainment
	7.75% 4/1/22			125,000			132,188
	*8.75% 5/15/20			173,000			189,003
	Republic Services
	3.55% 6/1/22			10,000			10,156
	RSC Equipment Rental
	8.25% 2/1/21			255,000			270,938
	10.25% 11/15/19			25,000			27,938
#	Seven Seas Cruises 144A
	9.125% 5/15/19			305,000			315,675
	Standard Pacific
	10.75% 9/15/16			134,000			157,115
*	Swift Services Holdings
	10.00% 11/15/18			110,000			118,800
#	Taylor Morrison Communities
	144A 7.75% 4/15/20			280,000			289,100
#	United Air Lines 144A
	12.00% 11/1/13			352,000			371,799
	UR Merger Sub
	#144A 5.75% 7/15/18			55,000			56,100
	#144A 7.625% 4/15/22			85,000			87,125
	9.25% 12/15/19			275,000			304,563
	West 7.875% 1/15/19			300,000			302,250
	Wynn Las Vegas
	7.75% 8/15/20			300,000			327,375
							7,579,270
Technology – 3.17%
	Advanced Micro Devices
	7.75% 8/1/20			440,000			474,099
	Aspect Software
	10.625% 5/15/17			234,000			246,870
*	Avaya
	9.75% 11/1/15			45,000			37,350
	PIK 10.125% 11/1/15			560,000			464,800
#	Bombardier 144A
	5.75% 3/15/22			305,000			298,138
	CDW 12.535% 10/12/17			425,000			456,875
#	Fidelity National Information
	Services 144A
	5.00% 3/15/22			300,000			292,875
	First Data
	#144A 7.375% 6/15/19			55,000			55,275
	*11.25% 3/31/16			980,000			857,499

14

---

			Principal				Value
			Amount°				(U.S. $)
Corporate Bonds (continued)
Technology (continued)
	GXS Worldwide
	9.75% 6/15/15		USD		302,000		$	294,450
	iGate 9.00% 5/1/16				290,000			308,850
#	Kemet 144A
	10.50% 5/1/18				360,000			376,200
#	Lawson Software 144A
	9.375% 4/1/19				445,000			460,575
*	MagnaChip Semiconductor
	10.50% 4/15/18				276,000			309,120
	Motorola Solutions
	3.75% 5/15/22				20,000			19,844
	National Semiconductor
	6.60% 6/15/17				20,000			24,883
	Seagate HDD Cayman
	7.75% 12/15/18				275,000			297,688
#	Seagate Technology
	International 144A
	10.00% 5/1/14				10,000			11,238
	Symantec 4.20% 9/15/20				5,000			5,266
	Tyco Electronics Group
	3.50% 2/3/22				10,000			10,094
#	Viasystems 144A
	7.875% 5/1/19				290,000			284,200
	Xerox 6.35% 5/15/18				10,000			11,755
								5,597,944
Transportation – 0.06%
#	Brambles USA 144A
	3.95% 4/1/15				15,000			15,703
	5.35% 4/1/20				15,000			16,737
	Burlington Northern Santa Fe
	4.40% 3/15/42				25,000			25,154
	5.65% 5/1/17				5,000			5,873
#	ERAC USA Finance 144A
	5.25% 10/1/20				35,000			39,240
								102,707
Utilities – 1.08%
	AES
	#144A 7.375% 7/1/21				135,000			146,475
	8.00% 6/1/20				64,000			72,320
	Ameren Illinois
	9.75% 11/15/18				45,000			61,427
#	American Transmission Systems
	144A 5.25% 1/15/22				25,000			28,687
	Baltimore Gas & Electric
	3.50% 11/15/21				20,000			21,317
#	Calpine 144A
	7.50% 2/15/21				175,000			183,749
	7.875% 1/15/23				250,000			265,624
	CenterPoint Energy
	5.95% 2/1/17				13,000			14,931
	CMS Energy
	4.25% 9/30/15				10,000			10,474
	6.25% 2/1/20				5,000			5,542
	Commonwealth Edison
	3.40% 9/1/21				10,000			10,777
	5.80% 3/15/18				5,000			6,064
	Elwood Energy
	8.159% 7/5/26				202,776			207,337
	Florida Power
	5.65% 6/15/18				5,000			6,065
	GenOn Energy
	9.875% 10/15/20				215,000			199,949
	Great Plains Energy
	5.292% 6/15/22				15,000			16,285
•	Integrys Energy Group
	6.11% 12/1/66				10,000			10,010
	Ipalco Enterprises
	5.00% 5/1/18				10,000			9,900
#	LG&E & KU Energy 144A
	4.375% 10/1/21				20,000			21,704
*	Mirant Americas
	8.50% 10/1/21				100,000			86,000
	Nisource Finance
	5.80% 2/1/42				5,000			5,701
	NRG Energy
	7.875% 5/15/21				155,000			149,963
	Pacificorp
	2.95% 2/1/22				10,000			10,258
	Pennsylvania Electric
	5.20% 4/1/20				25,000			28,425
•	PPL Capital Funding
	6.70% 3/30/67				25,000			24,838
	PPL Electric Utilities
	3.00% 9/15/21				10,000			10,424
	Public Service Oklahoma
	5.15% 12/1/19				30,000			34,987
	Puget Energy
	6.00% 9/1/21				5,000			5,399
•	Puget Sound Energy
	6.974% 6/1/67				210,000			212,022
	SCANA 4.125% 2/1/22				15,000			15,263
•	Wisconsin Energy
	6.25% 5/15/67				20,000			20,522
								1,902,439
Total Corporate Bonds
	(cost $73,726,424)							74,322,432
Non-Agency Asset-Backed Securities – 0.12%
	Citicorp Residential Mortgage
	Securities Series 2006-3 A5
	5.948% 11/25/36				100,000			77,769
	Discover Card Master Trust
	Series 2007-A1 A1
	5.65% 3/16/20				100,000			120,551

(continues)       15

---

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

			Principal				Value
			Amount°				(U.S. $)
Non-Agency Asset-Backed Securities (continued)
	John Deere Owner Trust
	Series 2009-A A4
	3.96% 5/16/16		USD		13,018		$	13,035
•	Merrill Auto Trust Securitization
	Series 2007-1 A4
	0.299% 12/15/13				569			569
Total Non-Agency Asset-Backed
	Securities (cost $201,126)							211,924
Non-Agency Collateralized Mortgage Obligations – 0.10%
@•	Bear Stearns ARM Trust
	Series 2007-1 3A2
	5.268% 2/25/47				47,367			2,312
	Citicorp Mortgage Securities
	Series 2006-4 3A1
	5.50% 8/25/21				6,424			6,299
	Series 2007-1 2A1
	5.50% 1/25/22				29,134			29,015
•	GSR Mortgage Loan Trust
	Series 2006-AR1 3A1
	4.998% 1/25/36				112,729			93,455
•	MASTR ARM Trust
	Series 2006-2 4A1
	4.572% 2/25/36				43,887			42,106
Total Non-Agency Collateralized
	Mortgage Obligations
	(cost $235,699)							173,187
«Senior Secured Loans – 1.05%
	Brock Holdings III
	10.00% 2/15/18				100,000			95,500
	Consolidated Container
	5.75% 9/28/14				315,000			313,425
	Dynegy Power Tranche 1st Lien
	9.25% 7/11/16				139,300			144,292
	Hologic
	7.50% 4/29/19				300,000			300,000
@	PF Changs China Bistro
	5.00% 5/15/13				360,000			360,000
	PQ 6.74% 7/30/15				310,000			292,319
	Zayo Group
	7.00% 10/30/19				210,000			210,000
	8.25% 4/30/20				140,000			140,000
Total Senior Secured Loans
	(cost $1,825,374)							1,855,536
ΔSovereign Bonds – 9.17%
Brazil – 3.31%
	Brazil Government
	International
	5.625% 1/7/41				857,000			1,004,833
	Brazil Notas do Tesouro
	Nacional Serie F
	10.00% 1/1/17		BRL		9,600,000			4,834,747
								5,839,580
Chile – 0.38%
	Chile Government
	International
	5.50% 8/5/20		CLP		330,000,000			678,706
								678,706
Indonesia – 3.63%
	Indonesia Government
	International
	6.625% 2/17/37		USD		1,350,000			1,572,750
	Indonesia Treasury Bonds
	7.00% 5/15/27		IDR		33,900,000,000			3,655,537
	11.00% 11/15/20		IDR		8,504,000,000			1,170,185
								6,398,472
Mexico – 0.94%
	Mexican Bonos
	7.50% 6/3/27		MXN		742,200			55,532
	8.50% 5/31/29		MXN		20,084,300			1,610,823
								1,666,355
Panama – 0.52%
	Panama Government
	International
	6.70% 1/26/36		USD		700,000			908,250
								908,250
Poland – 0.33%
	Poland Government
	5.00% 4/25/16		PLN		170,000			48,143
	5.25% 10/25/17		PLN		1,851,000			526,075
								574,218
Russia – 0.06%
	Russia-Eurobond
	7.50% 3/31/30		USD		91,649			108,032
								108,032
Total Sovereign Bonds
	(cost $16,913,367)							16,173,613
U.S. Treasury Obligations – 0.36%
	U.S. Treasury Bond
	3.125% 11/15/41				20,000			21,872
	U.S. Treasury Notes
	0.625% 5/31/17				150,000			149,695
	*0.875% 4/30/17				130,000			131,402
	*1.75% 5/15/22				210,000			213,315
	*2.00% 11/15/21				30,000			31,291
	3.125% 4/30/17				85,000			95,007
Total U.S. Treasury Obligations
	(cost $633,604)							642,582
Leveraged Non-Recourse Security – 0.00%
w@#	JPMorgan Fixed Income
	Pass Through Trust
	144A Series 2007-B
	0.00% 1/15/87				500,000			0
Total Leveraged Non-Recourse
	Security (cost $425,000)							0

16

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		Number of				Value
		Shares				(U.S. $)
Limited Partnership – 0.03%
	Brookfield Infrastructure Partners			1,600		$	50,080
Total Limited Partnership
	(cost $30,407)						50,080
Residual Interest Trust Certificate – 0.00%
=w@#	Freddie Mac Auction Pass
	Through Trust 144A
	Series 2007-6			150,000			0
Total Residual Interest Trust
	Certificate (cost $163,257)						0
Preferred Stock – 0.57%
	Alabama Power 5.625%			410			10,480
#	Ally Financial 144A 7.00%			400			342,999
*	BB&T 5.85%			225			5,648
*	DDR 7.50%			1,925			48,298
†	Freddie Mac 6.02%			34,000			42,925
•	GMAC Capital Trust I 8.125%			12,000			275,040
•†	PNC Financial Services
	Group 8.25%			10,000			10,402
	ProLogis 6.75%			7,050			176,250
=	PT Holdings			20			0
*	Vornado Realty 6.625%			3,700			93,980
Total Preferred Stock
	(cost $1,657,188)						1,006,022
Warrants – 0.00%
=†	Nieuwe Steen			100			0
=∏@†	Port Townsend			20			0
Total Warrants (cost $480)							0
		Principal
		Amount°
Short-Term Investments – 8.79%
≠Discount Notes – 1.48%
	Federal Home Loan Bank
	0.09% 6/6/12	USD		1,298,647			1,298,646
	0.115% 6/29/12			1,321,972			1,321,961
							2,620,607
Repurchase Agreements – 7.31%
	Bank of America 0.18%, dated
	5/31/12, to be repurchased