Exhibit EX-99.d.2
AMENDMENT NO. 2 TO
EXHIBIT A
OF THE INVESTMENT MANAGEMENT AGREEEMENT
THIS EXHIBIT to the Investment Management Agreement dated April 1, 1999
(the Agreement") between VOYAGEUR MUTUAL FUNDS III and DELAWARE MANAGEMENT
COMPANY, a series of Delaware Management Business Trust, amended as of the 31st
day of August, 2006 to add Delaware Large Cap Core Fund, lists the Funds for
which the Investment Manager provides investment management services pursuant to
the Agreement, along with the management fee rate schedule for each Fund and the
date on which the Agreement became effective for each Fund.
Management Fee Schedule
(as a percentage of
average daily net assets)
Fund Name Effective Date Annual Rate
Delaware Large Cap Core Fund August 31, 2006 0.65% on first $500 million
0.60% on next $500 million
0.55% on next $1,500 million
0.50% on assets in excess of
$2,500 million
Delaware Select Growth Fund April 1, 1999 0.75% on first $500 million
0.70% on next $500 million
0.65% on next $1,500 million
0.60% on assets in excess of
$2,500 million
DELAWARE MANAGEMENT COMPANY, VOYAGEUR MUTUAL FUNDS III
a series of Delaware Management
Business Trust
By: By:
Name: Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx
Title: President Title: President
Chief Executive Officer
Attest: Attest:
Name: Xxxxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President/ Title: Vice President/
Assistant Secretary Assistant Secretary
