Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
EX-99.e.1.ii
Delaware Distributors, L.P.
0000
Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
December 27, 2013
Voyageur Insured Funds
Voyageur Mutual
Funds
Voyageur Mutual Funds II
Voyageur Tax-Free Funds
Voyageur Intermediate Tax Free Funds
Delaware Group State
Tax-Free Income Trust
Delaware Group Tax-Free Fund
0000 Xxxxxx
Xxxxxx
Xxxxxxxxxxxx, XX 00000
| Re: | Expense Limitations |
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Delaware Distributors, L.P. (the “Distributor”) agrees that in order to improve the performance of the municipal bond funds listed in the table below (collectively, the “Funds”), the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees applicable to certain Classes of shares of the Funds so that the Funds’ Rule 12b-1 (distribution) fees with respect to such Classes will not exceed the limit designated for the periods set forth below.
| Registrant/Fund | Class | Effective Date | 12b-1 Cap | |||||
| Voyageur Insured Funds | ||||||||
| Delaware Tax-Free Arizona Fund | B | 3/1/13–12/29/14 | 0.25 | % | ||||
| Voyageur Mutual Funds | ||||||||
| Delaware Minnesota High-Yield Municipal Bond Fund | B | 10/1/13–12/29/14 | 0.25 | % | ||||
| Delaware National High-Yield Municipal Bond Fund | B | 8/1/13–12/29/14 | 0.25 | % | ||||
| Delaware Tax-Free California Fund | B | 3/1/13–12/29/14 | 0.25 | % | ||||
| Delaware Tax-Free Idaho Fund | B | 10/1/13–12/29/14 | 0.25 | % | ||||
| Delaware Tax-Free New York Fund | B | 3/1/13–12/29/14 | 0.25 | % | ||||
| Voyageur Mutual Funds II | ||||||||
| Delaware Tax-Free Colorado Fund | B | 3/1/13–12/29/14 | 0.25 | % | ||||
| Voyageur Tax-Free Funds | ||||||||
| Delaware Tax-Free Minnesota Fund | B | 4/1/13–12/29/14 | 0.25 | % | ||||
| Voyageur Intermediate Tax Free Funds | ||||||||
| Delaware Tax-Free Minnesota Intermediate Fund | A | 12/27/13–12/29/14 | 0.15 | % | ||||
| Delaware Group State Tax-Free Income Trust | ||||||||
| Delaware Tax-Free Pennsylvania Fund | B | 7/1/13–12/29/14 | 0.25 | % | ||||
| Delaware Group Tax-Free Fund | ||||||||
| Delaware Tax-Free USA Fund | B | 5/1/13–12/29/14 | 0.25 | % | ||||
| Delaware Tax-Free USA Intermediate Fund | A | 12/27/13–12/29/14 | 0.15 | % | ||||
| B | 3/1/13–12/29/14 | 0.15 | % | |||||
The Distributor acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
| Delaware Distributors, L.P. | |||
| By: | /s/ X. Xxxxx Xxxxxxx | ||
| Name: | X. Xxxxx Xxxxxxx | ||
| Title: | President | ||
Your signature below
acknowledges
acceptance of this Agreement:
Voyageur Insured Funds
Voyageur Mutual Funds
Voyageur Tax Free Funds
Voyageur Intermediate Tax Free Funds
Voyageur Mutual Funds II
Delaware Group State Tax-Free Income Trust
Delaware Group Tax-Free Fund
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Name: | Xxxxxxx X. Xxxxx | |
| Title: | President | |
| Date: | December 27, 2013 | |
