DELAWARE VALUE INST

Ticker: DDVIX CUSIP: 24610C857 Class: NTF EQUITY FUNDS

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015
Shares 328,738 Value ($000) $5,483,351 Avg Close — Range —
Q1 2015
Shares 524,968 Value ($000) $9,707 Avg Close — Range —
Q4 2014
Shares 442,604 Value ($000) $8,068,670 Avg Close — Range —
Q3 2014
Shares 415,009 Value ($000) $7,370,563 Avg Close — Range —
Q2 2014
Shares 336,032 Value ($000) $5,890,637 Avg Close — Range —
Q1 2014
Shares 328,738 Value ($000) $5,483,351 Avg Close — Range —
Q4 2013
Shares 324,455 Value ($000) $5,288,609 Avg Close — Range —
Q3 2013
Shares 327,135 Value ($000) $4,887,395 Avg Close — Range —
Q2 2013
Shares 338,441 Value ($000) $4,863,394 Avg Close — Range —