UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act file number:   811-22050
 
Exact name of registrant as specified in charter: Delaware Enhanced Global Dividend and Income Fund
 
Address of principal executive offices: 2005 Market Street
Philadelphia, PA 19103
 
Name and address of agent for service: David F. Connor, Esq.
2005 Market Street
Philadelphia, PA 19103
 
Registrant’s telephone number, including area code: (800) 523-1918
 
Date of fiscal year end: November 30
 
Date of reporting period: May 31, 2013



Item 1. Reports to Stockholders

   
   
   
   
Semiannual report
Delaware
Enhanced Global 
Dividend and Income
Fund
 
 
  May 31, 2013 
   
 
   
 
 
 
 
 
 
 
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

 


Table of contents
 
      Security type/sector and country allocations 1
 
Statement of net assets 3
 
Statement of operations 17
 
Statements of changes in net assets 18
 
Statement of cash flows 19
 
Financial highlights 20
 
Notes to financial statements 21
 
Other Fund information 30
 
About the organization 33
 
 


 
Unless otherwise noted, views expressed herein are current as of May 31, 2013, 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.

© 2013 Delaware Management Holdings, Inc.

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



Security type/sector and country allocations

Delaware Enhanced Global Dividend and Income Fund
As of May 31, 2013 (Unaudited)

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 60.98 %
Consumer Discretionary 7.71 %
Consumer Staples 5.77 %
Diversified REITs 0.82 %
Energy 5.84 %
Financials 6.64 %
Healthcare 7.95 %
Healthcare REITs 0.27 %
Hotel REITs 0.54 %
Industrial REITs 1.08 %
Industrials 6.15 %
Information Technology 5.34 %
Mall REITs 0.88 %
Manufactured Housing REITs 0.25 %
Materials 3.99 %
Mixed REITs 0.23 %
Mortgage REITs 0.28 %
Multifamily REITs 0.47 %
Office REITs 0.71 %
Real Estate Management & Development 0.02 %
Self-Storage REITs 0.18 %
Shopping Center REITs 0.92 %
Single Tenant REIT 0.18 %
Specialty REITs 0.74 %
Telecommunications 2.90 %
Utilities 1.12 %
Convertible Preferred Stock 2.41 %
Exchange-Traded Fund 0.23 %
Agency Collateralized Mortgage Obligations 0.09 %
Agency Mortgage-Backed Securities 0.70 %
Commercial Mortgage-Backed Securities 0.11 %
Convertible Bonds 13.11 %
Automotive 0.68 %
Basic Industry 0.35 %
Capital Goods 1.45 %
Communications 1.70 %
Consumer Cyclical 1.65 %
Consumer Non-Cyclical 2.27 %
Energy 0.61 %
Financials 0.78 %
Industrials 0.19 %
Insurance 0.22 %
Real Estate Investment Trust 0.32 %
Technology 2.89 %
Corporate Bonds 40.20 %
Automotive 0.92 %
Banking 1.11 %
Basic Industry 4.56 %
Brokerage 0.03 %
Capital Goods 2.84 %
Communications 3.54 %
Consumer Cyclical 2.84 %
Consumer Non-Cyclical 1.53 %
Energy 6.97 %
Financials 0.83 %
Healthcare 2.45 %
Industrials 0.02 %
Insurance 1.68 %
Media 3.20 %
Natural Gas 0.13 %
Real Estate Investment Trusts 0.08 %
Services 4.16 %
Technology 2.24 %
Transportation 0.04 %
Utilities 1.03 %
Non-Agency Asset-Backed Security 0.01 %
Non-Agency Collateralized Mortgage Obligations 0.11 %
Senior Secured Loans 0.74 %
Sovereign Bonds 4.14 %
U.S. Treasury Obligations 0.46 %
Leveraged Non-Recourse Security 0.00 %
Limited Partnerships 0.36 %
Preferred Stock 0.79 %
Short-Term Investments 6.44 %
Securities Lending Collateral 7.02 %
Total Value of Securities 137.90 %
Obligation to Return Securities Lending Collateral (7.15 %)
Borrowing Under Line of Credit (31.86 %)
Receivables and Other Assets Net of Other Liabilities 1.11 %
Total Net Assets 100.00 %

(continues)       1



Security type/sector and country allocations

Delaware Enhanced Global Dividend and Income Fund

  Percentage
*Country of net assets
Australia 0.76 %
Austria 0.41 %
Barbados 0.15 %
Bermuda 0.53 %
Brazil 2.79 %
Canada 4.00 %
Cayman Islands 0.84 %
China/Hong Kong 1.95 %
Denmark 0.77 %
France 8.49 %
Germany 2.80 %
Indonesia 0.78 %
Ireland 0.96 %
Israel 1.06 %
Italy 1.02 %
Japan 7.27 %
Jersey 0.38 %
Luxembourg 2.40 %
Marshall Island 0.19 %
Mexico 0.89 %
Multinational 0.08 %
Netherlands 1.82 %
Norway 0.00 %
Panama 0.60 %
Poland 0.32 %
Republic of Korea 0.38 %
Russia 0.64 %
Singapore 0.06 %
Spain 0.16 %
Sweden 1.66 %
Switzerland 3.05 %
Turkey 0.14 %
United Kingdom 5.93 %
United States 71.16 %
Total 124.44 %

* Allocation includes all investments except for short-term investments and securities lending collateral.

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 5 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



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund
May 31, 2013 (Unaudited)

           Number of Value
Shares       (U.S. $)
vCommon Stock – 60.98%  
Consumer Discretionary – 7.71%
Bayerische Motoren Werke 13,931 $ 1,322,029
Carnival 43,200 1,429,920
DIRECTV Class A 2,250   137,543
Don Quijote 20,800 937,754
Genuine Parts 8,900 691,886
Hyundai Home Shopping Network 5,582 784,124
Kering 5,219 1,134,124
L Brands 4,124 206,241
Mattel 16,100 720,475
Nitori Holdings 17,554 1,381,872
Publicis Groupe 22,134 1,583,696
Techtronic Industries 305,500 783,732
Toyota Motor 51,505 3,006,995
United Rentals 3,729 211,956
Yue Yuen Industrial Holdings 539,000 1,570,501
15,902,848
Consumer Staples – 5.77%
Archer-Daniels-Midland 15,500 499,565
Aryzta 49,227 2,824,750
Carlsberg Class B 16,790 1,594,549
ConAgra Foods 30,500 1,027,545
Greggs 38,196 236,326
Kimberly-Clark 10,500 1,016,715
Kraft Foods Group 19,500 1,075,035
Lorillard 24,800 1,052,512
* Safeway 32,100 738,621
TESCO 330,677 1,831,148
11,896,766
Diversified REITs – 0.82%
Champion REIT 125,000 59,066
Fibra Uno Administracion 87,563 303,964
Investors Real Estate Trust 10,260 92,340
Lexington Realty Trust 52,975 666,955
Mapletree Logistics Trust 70,996 67,897
* Nieuwe Steen Investments 89 625
Orix JREIT 40 43,077
Stockland 70,059 243,101
Vornado Realty Trust 2,641 211,148
1,688,173
Energy – 5.84%
Chevron 5,700 699,675
CNOOC 824,000 1,443,413
ConocoPhillips 11,700 717,678
Occidental Petroleum 6,100 561,627
Royal Dutch Shell ADR 15,600 1,073,748
Saipem 26,977 719,383
Spectra Energy 23,700 724,509
* Subsea 7 61,141 1,346,755
Total 40,273 2,012,980
Total ADR 21,800 1,086,730
Transocean 23,100 1,160,313
Williams 14,400 506,592
12,053,403
Financials – 6.64%
  Aspen Insurance Holdings 3,522 129,386
* AXA 101,928 2,057,897
BB&T 33,700 1,109,404
Fifth Street Finance 16,638 174,699
Gallagher (Arthur J.) 24,100 1,052,688
Home Loan Servicing Solutions 32,995 753,606
Marsh & McLennan 18,400 736,368
Mitsubishi UFJ Financial Group 406,128 2,357,909
Nordea Bank 153,298 1,883,419
Nordea Bank FDR 38,212 470,163
Solar Capital 8,309 191,107
Standard Chartered 59,846 1,385,745
UniCredit 248,430 1,394,236
13,696,627
Healthcare – 7.95%
AbbVie 15,500 661,695
Alliance HealthCare Services 1,689 27,379
AstraZeneca ADR 14,700 753,375
Baxter International 7,300 513,409
Bristol-Myers Squibb 19,000 874,190
Cardinal Health 10,900 511,864
Johnson & Johnson 10,400 875,472
* Meda Class A 51,214 658,125
Merck 29,800 1,391,660
Novartis 32,073 2,298,055
Pfizer 40,960 1,115,341
Sanofi 24,139 2,573,898
Stada Arzneimittel 44,913 1,964,113
Teva Pharmaceutical Industries ADR 57,100 2,181,220
16,399,796
Healthcare REITs – 0.27%
HCP 1,100 52,118
Health Care REIT 1,875 127,556
Ventas 5,342 381,259
560,933
Hotel REITs – 0.54%
Ashford Hospitality Trust 61,800 816,378
DiamondRock Hospitality 17,600 167,376
LaSalle Hotel Properties 1,200 31,680
Summit Hotel Properties 9,300 91,791
1,107,225
Industrial REITs – 1.08%
DCT Industrial Trust 16,877 124,552
First Industrial Realty Trust 63,827 1,078,038
Goodman Group 49,447 241,466
ProLogis 385 15,516
STAG Industrial 35,063 771,386
2,230,958
Industrials – 6.15%
* Alstom 30,096 1,132,731
Delta Air Lines 6 108
Deutsche Post 68,399 1,723,646
East Japan Railway 23,261 1,723,176

(continues)       3



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

           Number of Value
Shares (U.S. $)
vCommon Stock (continued)        
Industrials (continued)
Flextronics International 7,400 $ 55,204
ITOCHU 156,202 1,936,522
Koninklijke Philips Electronics 53,706 1,520,741
Northrop Grumman 8,900 733,271
Raytheon 16,400 1,092,896
Vinci 32,945 1,689,580
Waste Management 25,900 1,085,987
12,693,862
Information Technology – 5.34%
Applied Materials 62,300 946,960
* Canon ADR 19,700 675,316
*† CGI Group Class A 105,751 3,238,494
Cisco Systems 37,700 907,816
Intel 53,200 1,291,696
Microsoft 23,600 823,168
Teleperformance 47,893 2,254,206
Xerox 100,000 879,000
11,016,656
Mall REITs – 0.88%
CBL & Associates Properties 8,968 206,174
General Growth Properties 12,497 256,563
Macerich 389 25,250
Pennsylvania Real Estate
          Investment Trust 8,500 169,065
* Rouse Properties 748 15,042
Simon Property Group 6,908 1,149,769
1,821,863
Manufactured Housing REITs – 0.25%
Equity Lifestyle Properties 2,478 191,227
Sun Communities 6,586 329,103
520,330
Materials – 3.99%
AuRico Gold 125,665 638,964
Dow Chemical 17,800 613,388
duPont (E.I.) deNemours 11,900 663,901
Lafarge 24,369 1,737,771
Rexam 181,927 1,456,239
Rio Tinto 35,909 1,533,751
Yamana Gold 134,679 1,587,898
8,231,912
Mixed REITs – 0.23%
Duke Realty 11,447 189,677
* DuPont Fabros Technology 2,500 60,575
Liberty Property Trust 4,797 194,662
PS Business Parks 400 30,524
475,438
Mortgage REITs – 0.28%
Chimera Investment 17,000 51,850
Starwood Property Trust 20,900 530,233
582,083
Multifamily REITs – 0.47%
Apartment Investment
            & Management 15,728 475,930
BRE Properties 1,000 49,990
Camden Property Trust 5,109 353,798
Equity Residential 1,597 90,310
970,028
Office REITs – 0.71%
* Alstria Office REIT 33,657 406,966
Commonwealth Property
          Office Fund 105,000 110,321
Government Properties
          Income Trust 4,752 115,521
Link REIT 33,000 170,196
Mack-Cali Realty 11,500 304,750
Parkway Properties 20,673 355,162
1,462,916
Real Estate Management & Development – 0.02%
Cyrela Brazil Realty 4,100 32,549
32,549
Self-Storage REITs – 0.18%
Extra Space Storage 4,555 190,809
Public Storage 1,150 174,570
365,379
Shopping Center REITs – 0.92%
Agree Realty 9,350 311,635
Charter Hall Retail REIT 71,117 278,931
* Corio 2,685 119,673
Equity One 1,500 34,995
First Capital Realty 2,922 54,524
Kimco Realty 12,857 284,783
Ramco-Gershenson
          Properties Trust 19,634 306,487
Regency Centers 900 46,440
Unibail-Rodamco 910 223,570
Westfield Group 16,989 186,579
Westfield Retail Trust 21,112 61,991
1,909,608
Single Tenant REIT – 0.18%
* National Retail Properties 10,537 377,962
377,962
Specialty REITs – 0.74%
EPR Properties 8,736 457,941
Gladstone Land 18,590 284,241
GLP J-REIT 304 279,676
Nippon Prologis REIT 50 402,333
Plum Creek Timber 1,520 72,504
Rayonier 450 24,930
1,521,625
Telecommunications – 2.90%
AT&T 26,600 930,734
=† Century Communications 125,000 0
CenturyLink 5,543 189,293
France Telecom ADR 900 9,090

4



           Number of Value
Shares       (U.S. $)
vCommon Stock (continued)
Telecommunications (continued)
KDDI 33,370 $ 1,506,054
Mobile TeleSystems ADR 68,000 1,310,360
NTT DOCOMO ADR 51,600 757,488
Verizon Communications 14,100 683,568
Vodafone Group 203,080 588,568
5,975,155
Utilities – 1.12%
American Water Works 800 31,952
Edison International 11,200 514,528
National Grid 61,244 728,240
* National Grid ADR 11,600 690,896
NorthWestern 3,800 156,408
NRG Energy 7,753 197,857
2,319,881
Total Common Stock
(cost $108,072,793) 125,813,976
 
Convertible Preferred Stock – 2.41%
# Chesapeake Energy 144A
          5.75% exercise price
          $27.83, expiration
          date 12/31/49 430 473,000
El Paso Energy Capital
          Trust I 4.75% exercise
          price $34.49, expiration
          date 3/31/28 1,950 115,928
HealthSouth 6.50% exercise
          price $30.50, expiration
          date 12/31/49 835 1,019,952
Huntington Bancshares 8.50%
          exercise price $11.95,
          expiration date 12/31/49 510 675,755
MetLife 5.00% exercise
          price $44.28, expiration
          date 9/4/13 13,000 691,730
PPL 9.50% exercise price
          $28.80, expiration
          date 7/1/13 11,250 590,288
SandRidge Energy
          7.00% exercise price $7.76,
          expiration date 12/31/49 3,600 318,825
          8.50% exercise price $8.01,
          expiration date 12/31/49 2,205 213,069
Wells Fargo 7.50% exercise
          price $156.71, expiration
          date 12/31/49 695 872,225
Total Convertible Preferred Stock
(cost $4,434,574) 4,970,772
 
Exchange-Traded Fund – 0.23%  
*† iPATH S&P 500 VIX Short-Term  
          Futures ETN 25,000   479,500
Total Exchange-Traded Fund
(cost $1,178,000) 479,500
 
Principal
Amount°
Agency Collateralized Mortgage Obligations – 0.09%
Fannie Mae REMICs
          Series 2001-50 BA
          7.00% 10/25/41 USD 91,130 105,990
          Series 2003-122 AJ
          4.50% 2/25/28 6,183 6,194
Freddie Mac REMICs
          Series 2557 WE
          5.00% 1/15/18 42,898 45,714
          Series 3131 MC
          5.50% 4/15/33 10,164 10,242
          Series 3173 PE
          6.00% 4/15/35 28,657 29,521
Total Agency Collateralized
Mortgage Obligations
(cost $180,868) 197,661
 
Agency Mortgage-Backed Securities – 0.70%
Fannie Mae ARM
          2.423% 3/1/38 12,153 12,902
          2.428% 4/1/36 36,885 39,522
          2.541% 4/1/36 9,461 10,058
          2.717% 10/1/36 5,965 6,387
          2.81% 11/1/35 9,076 9,697
          2.884% 10/1/36 9,802 10,451
Fannie Mae S.F. 15 yr
          4.00% 11/1/25 114,976 123,926
          5.50% 1/1/23 20,300 22,101
Fannie Mae S.F. 15 yr TBA
          2.50% 6/1/28 71,000 72,445
          2.50% 7/1/28 40,000 40,727
          3.00% 6/1/28 41,000 42,659
          3.00% 7/1/28 40,000 41,563
Fannie Mae S.F. 20 yr 5.50% 12/1/29 1,453 1,577
Fannie Mae S.F. 30 yr
          3.50% 3/1/43 1,994 2,069
          4.00% 11/1/40 2,138 2,255
          4.00% 9/1/41 1,473 1,555
          4.50% 7/1/36 1,722 1,841
          6.50% 6/1/36 16,789 18,979
          6.50% 10/1/36 11,976 13,448
          6.50% 12/1/37 17,533 19,774
Freddie Mac 6.00% 1/1/17 3,939 4,014
Freddie Mac ARM
          2.76% 7/1/36 8,134 8,713
          5.775% 10/1/36 13,939 14,882

(continues)       5



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

           Principal Value
Amount° (U.S. $)
Agency Mortgage-Backed Securities (continued)
Freddie Mac S.F. 15 yr            
          5.00% 6/1/18 USD 7,484 $ 7,925
          5.00% 12/1/22 34,742 37,299
Freddie Mac S.F. 30 yr  
          5.00% 1/1/34   345,014 371,316
          7.00% 11/1/33 29,503 34,459
          9.00% 9/1/30 44,122 48,547
GNMA I S.F. 30 yr
          7.50% 12/15/23 60,630 76,671
          7.50% 1/15/32 51,231 61,732
          9.50% 9/15/17 35,562 39,524
          12.00% 5/15/15 14,784 15,713
GNMA II S.F. 30 yr
          6.00% 11/20/28 56,648 62,887
          6.50% 2/20/30 141,170 157,939
Total Agency Mortgage-Backed
Securities (cost $1,328,071) 1,435,557
 
Commercial Mortgage-Backed Securities – 0.11%
Bear Stearns Commercial
          Mortgage Securities Series
          2006-PW12 A4
          5.716% 9/11/38 25,000 27,844
t COMM Mortgage Trust
          Certificates Series 2005-C6
          A5A 5.116% 6/10/44 10,000 10,780
GS Mortgage Securities II
        Series 2004-GG2 A6
          5.396% 8/10/38 60,000 61,961
          Series 2005-GG4 A4A
          4.751% 7/10/39 30,000 31,669
        Series 2006-GG6 A4
          5.553% 4/10/38 10,000 10,994
JPMorgan Chase Commercial
          Mortgage Securities
          Series 2005-LDP3 A4A
          4.936% 8/15/42 35,000 37,500
Morgan Stanley Capital I
          Trust Series 2007-T27 A4
          5.647% 6/11/42 25,000 28,742
WF-RBS Commercial Mortgage
          Trust Series 2013-C11 A5
          3.071% 3/15/45 10,000 9,927
Total Commercial Mortgage-
Backed Securities
(cost $183,476) 219,417
 
Convertible Bonds – 13.11%
Automotive – 0.68%
ϕ ArvinMeritor 4.00%
          exercise price $26.73,
          expiration date 2/12/27 1,493,000 1,398,753
1,398,753
Basic Industry – 0.35%
* Peabody Energy 4.75%
          exercise price $57.95,
            expiration date 12/15/41 391,000 338,459
Steel Dynamics 5.125%
          exercise price $17.25,
          expiration date 6/15/14 341,000 377,232
  715,691
Capital Goods – 1.45%
L-3 Communications
          Holdings 3.00%
          exercise price $90.24,
          expiration date 8/1/35 769,000 790,148
# Owens-Brockway Glass
          Container 144A 3.00%
          exercise price $47.47,
          expiration date 5/28/15 1,245,000 1,277,681
Titan Machinery 3.75%
          exercise price $43.17,
          expiration date 4/30/19 947,000 929,244
  2,997,073
Communications – 1.70%
# Alaska Communications
          Systems Group
          144A 6.25%
          exercise price $10.28,
          expiration date 4/27/18 597,000 477,227
# Blucora 144A 4.25%
          exercise price $21.66,
          expiration date 3/29/19 317,000 358,804
# Clearwire Communications
          144A 8.25%
          exercise price $7.08,
          expiration date 11/30/40 568,000 632,965
Leap Wireless International 4.50%
          exercise price $93.21,
          expiration date 7/10/14 826,000 843,553
Rovi 2.625%
          exercise price $47.36,
          expiration date 2/10/40 497,000 515,016
SBA Communications 4.00%
          exercise price $30.38,
          expiration date 9/29/14 274,000 684,315
3,511,880
Consumer Cyclical – 1.65%
Iconix Brand Group 2.50%
          exercise price $30.75,
          expiration date 5/31/16 634,000 742,573
International Game
          Technology 3.25%
          exercise price $19.93,
          expiration date 5/1/14 493,000 540,143

6



          Principal Value
Amount°       (U.S. $)
Convertible Bonds (continued)      
Consumer Cyclical (continued)
Live Nation Entertainment
          2.875% exercise price
          $27.14, expiration
          date 7/14/27 USD 1,232,000 $ 1,242,780
MGM Resorts International
          4.25% exercise price
          $18.58, expiration
          date 4/10/15 768,000   875,040
3,400,536
Consumer Non-Cyclical – 2.27%
Alere 3.00%
          exercise price $43.98,
          expiration date 5/15/16 705,000 708,525
Dendreon 2.875%  
            exercise price $51.24,
          expiration date 1/13/16 586,000 440,965
Hologic 2.00%  
          exercise price $31.17,
          expiration date 2/27/42 597,000 617,895
# Illumina 144A 0.25%
          exercise price $83.55,
          expiration date 3/11/16     297,000 318,718
LifePoint Hospitals 3.50%
          exercise price $51.79,
          expiration date 5/14/14 870,000 958,631
  Mylan 3.75%
          exercise price $13.32,
          expiration date 9/15/15 188,000 438,275
NuVasive 2.75%
          exercise price $42.13,
          expiration date 6/30/17 1,077,000 1,058,825
# Opko Health 144A 3.00%
          exercise price $7.07,
          expiration date 1/28/33 143,000 139,336
4,681,170
Energy – 0.61%
* Chesapeake Energy 2.50%
          exercise price $50.90,
          expiration date 5/15/37 349,000 350,527
Helix Energy Solutions
          Group 3.25%
          exercise price $25.02,
          expiration date 3/12/32 697,000 903,486
1,254,013
Financials – 0.78%
Ares Capital 5.75%
          exercise price $19.13,
          expiration date 2/1/16 561,000 618,503
BGC Partners 4.50%
          exercise price $9.84,
          expiration date 7/13/16 365,000 379,600
PHH 4.00%
          exercise price $25.81,
          expiration date 8/27/14 573,000 620,272
1,618,375
Industrials – 0.19%
Φ General Cable 4.50%
          exercise price $36.75,
          expiration date 11/15/29 310,000 385,563
385,563
Insurance – 0.22%
# WellPoint 144A 2.75%
          exercise price $75.47,
          expiration date 10/15/42 374,000 458,618
458,618
Real Estate Investment Trust – 0.32%
# Lexington Realty Trust 144A
          6.00% exercise price $6.93,
          expiration date 1/11/30 358,000 665,209
665,209
Technology – 2.89%
Advanced Micro Devices
          6.00% exercise price $28.08,
          expiration date 4/30/15 898,000 926,062
        #144A 6.00% exercise price
          $28.08, expiration date
          4/30/15 31,000 31,969
# Ciena 144A 3.75%
          exercise price $20.17,
          expiration date 10/15/18 535,000 636,316
Intel 3.25%
          exercise price $21.94,
          expiration date 8/1/39 501,000 654,747
Linear Technology 3.00%
          exercise price $41.46,
          expiration date 4/30/27 541,000 576,503
Nuance Communications 2.75%
          exercise price $32.30,
          expiration date 11/1/31 766,000 797,597
SanDisk 1.50% exercise price
          $52.37, expiration date 8/11/17 529,000 704,562
TIBCO Software 2.25%
          exercise price $50.57,
          expiration date 4/30/32 1,004,000 993,332
VeriSign 3.25%
          exercise price $34.37,
          expiration date 8/15/37 424,000 633,350
5,954,438
Total Convertible Bonds
(cost $23,995,804) 27,041,319
 
Corporate Bonds – 40.20%
Automotive – 0.92%
American Axle & Manufacturing
          7.75% 11/15/19 55,000 62,975
Chrysler Group 8.25% 6/15/21 515,000 584,525
Dana Holding 6.75% 2/15/21 119,000 128,520
# International Automotive
          Components Group 144A
          9.125% 6/1/18 445,000 442,219

(continues)       7



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

          Principal Value
Amount°       (U.S. $)
Corporate Bonds (continued)      
Automotive (continued)
# Jaguar Land Rover
          Automotive 144A
          5.625% 2/1/23 USD 200,000 $ 205,500
            8.125% 5/15/21 260,000 294,450
Meritor 6.75% 6/15/21 190,000 188,575
  1,906,764
Banking – 1.11%
Bank of America
          2.00% 1/11/18 30,000 29,763
            3.875% 3/22/17 10,000 10,697
         5.20% 12/29/49 210,000 208,950
Bank of New York Mellon
          4.50% 12/31/49 10,000 10,063
* Barclays Bank 7.625% 11/21/22 375,000 377,813
Citigroup 3.50% 5/15/23 10,000 9,424
City National 5.25% 9/15/20 15,000 16,888
Fifth Third Bancorp
          5.10% 12/31/49 195,000 195,000
Fifth Third Capital Trust IV
          6.50% 4/15/37 5,000 5,031
# HBOS Capital Funding 144A
          6.071% 6/29/49 864,000 792,719
HSBC Holdings 4.00% 3/30/22 20,000 21,244
JPMorgan Chase 1.625% 5/15/18 10,000 9,824
Morgan Stanley
          2.125% 4/25/18 20,000 19,765
          4.10% 5/22/23 30,000 28,800
PNC Financial Services Group
          4.494% 5/29/49 10,000 10,000
          4.85% 5/29/49 5,000 4,975
PNC Funding
          5.125% 2/8/20 30,000 34,643
          5.625% 2/1/17 35,000 39,502
Regions Financial 2.00% 5/15/18 5,000 4,902
Santander Holdings USA
          4.625% 4/19/16 10,000 10,705
State Street 3.10% 5/15/23 10,000 9,744
* SVB Financial Group
          5.375% 9/15/20 25,000 28,313
# Turkiye Halk Bankasi 144A
          3.875% 2/5/20 300,000 296,250
USB Capital IX 3.50% 10/29/49 80,000 75,800
Wachovia
         0.647% 10/15/16 10,000 9,877
          5.25% 8/1/14 20,000 21,035
Zions Bancorporation
          4.50% 3/27/17 5,000 5,390
          7.75% 9/23/14 5,000 5,400
2,292,517
Basic Industry – 4.56%
AK Steel 7.625% 5/15/20 221,000 198,900
# American Builders &
          Contractors Supply 144A
          5.625% 4/15/21 110,000 111,650
# APERAM 144A 7.75% 4/1/18 225,000 225,000
ArcelorMittal
          6.125% 6/1/18 775,000 824,405
          10.35% 6/1/19 15,000 18,638
# Barrick Gold 144A
          2.50% 5/1/18 5,000 4,940
          4.10% 5/1/23 15,000 14,288
Barrick North America Finance
          4.40% 5/30/21 5,000 5,032
# Builders FirstSource 144A
          7.625% 6/1/21 280,000 282,100
# Cemex Espana Luxembourg
          144A 9.25% 5/12/20 309,000 332,948
CF Industries
          4.95% 6/1/43 5,000 4,970
          6.875% 5/1/18 25,000 30,069
Dow Chemical 8.55% 5/15/19 34,000 45,294
# Essar Steel Algoma 144A
          9.375% 3/15/15 205,000 191,675
*# FMG Resources August 2006 144A
          6.875% 2/1/18 115,000 117,444
          6.875% 4/1/22 275,000 278,781
# Freeport-McMoRan Copper &
          Gold 144A 3.875% 3/15/23 15,000 14,629
Georgia-Pacific 8.00% 1/15/24 25,000 34,111
# Glencore Funding 144A
          2.50% 1/15/19 15,000 14,737
HD Supply
        #144A 7.50% 7/15/20 400,000 424,999
          10.50% 1/15/21 55,000 57,269
Headwaters 7.625% 4/1/19 310,000 334,025
# Inmet Mining 144A 8.75% 6/1/20 300,000 324,750
International Paper
          6.00% 11/15/41 10,000 11,598
          9.375% 5/15/19 5,000 6,785
# JMC Steel Group 144A
          8.25% 3/15/18 385,000 391,738
# Kinove German Bondco 144A
          9.625% 6/15/18 320,000 357,600
# MacDermid 144A 9.50% 4/15/17 396,000 410,603
# Masonite International 144A
          8.25% 4/15/21 370,000 412,550
# New Gold 144A 6.25% 11/15/22 380,000 393,300
Norcraft 10.50% 12/15/15 186,000 194,603
Nortek 8.50% 4/15/21 320,000 352,000
Peabody Energy 6.25% 11/15/21 300,000 315,000
# Perstorp Holding 144A
          8.75% 5/15/17 400,000 415,000
Praxair 1.25% 11/7/18 5,000 4,914
Rockwood Specialties Group
          4.625% 10/15/20 360,000 368,550
# Ryerson 144A
          9.00% 10/15/17 245,000 265,519
          11.25% 10/15/18 105,000 112,088

8



Principal Value
          Amount°       (U.S. $)
Corporate Bonds (continued)      
Basic Industry (continued)
# Sappi Papier Holding 144A
          8.375% 6/15/19 USD 405,000 $ 448,030
# Taminco Global Chemical 144A
          9.75% 3/31/20 290,000 329,875
# TPC Group 144A
          8.75% 12/15/20 450,000 476,999
*# US Coatings Acquisition 144A
          7.375% 5/1/21 230,000 243,513
9,400,919
Brokerage – 0.03%
Jefferies Group  
            5.125% 1/20/23   10,000   10,479
          6.45% 6/8/27 5,000 5,575
          6.50% 1/20/43   5,000 5,352
Lazard Group 6.85% 6/15/17 34,000 38,986
60,392
Capital Goods – 2.84%
Anixter 10.00% 3/15/14 15,000 15,923
# Ardagh Packaging Finance
          144A 7.00% 11/15/20 360,000 369,900
Berry Plastics 9.75% 1/15/21 217,000 251,720
# BOE Intermediate Holding PIK
          144A 9.00% 11/1/17 145,000 143,550
# BOE Merger PIK 144A
          9.50% 11/1/17 375,000 392,813
# Consolidated Container 144A
          10.125% 7/15/20 385,000 436,013
# Crown Americas 144A
          4.50% 1/15/23 35,000 34,388
# GenCorp 144A 7.125% 3/15/21 175,000 188,125
Kratos Defense & Security
          Solutions 10.00% 6/1/17 275,000 301,125
# Milacron 144A 7.75% 2/15/21 375,000 395,625
Mueller Water Products
          7.375% 6/1/17 300,000 309,000
Northrop Grumman
          3.25% 8/1/23 15,000 14,826
Reynolds Group Issuer
          5.75% 10/15/20 175,000 178,063
          9.875% 8/15/19 555,000 607,030
# Sealed Air 144A
          8.125% 9/15/19 70,000 79,625
          8.375% 9/15/21 475,000 550,999
# Silver II Borrower 144A
          7.75% 12/15/20 365,000 380,513
# Votorantim Cimentos 144A
          7.25% 4/5/41 1,118,000 1,201,849
5,851,087
Communications – 3.54%
American Tower 5.90% 11/1/21 15,000 17,347
# American Tower Trust I 144A
          1.551% 3/15/18 5,000 4,989
          3.07% 3/15/23 20,000 19,774
# CC Holdings 144A
          3.849% 4/15/23 5,000 4,993
CenturyLink 5.80% 3/15/22 210,000 215,775
# Clearwire Communications
          144A 12.00% 12/1/15 375,000 401,738
# Columbus International 144A
          11.50% 11/20/14 270,000 301,725
# Cox Communications 144A
          3.25% 12/15/22 20,000 19,701
# Crown Castle Towers 144A
          4.883% 8/15/20 30,000 33,374
# Digicel Group 144A
          8.25% 9/30/20 530,000 567,099
Equinix
          4.875% 4/1/20 132,000 134,970
          5.375% 4/1/23 263,000 272,863
Hughes Satellite Systems
          7.625% 6/15/21 280,000 314,300
# Intelsat Jackson Holdings 144A
          5.50% 8/1/23 85,000 83,513
# Intelsat Luxembourg 144A
          7.75% 6/1/21 445,000 469,475
          8.125% 6/1/23 490,000 526,138
Interpublic Group
          3.75% 2/15/23 10,000 9,796
          4.00% 3/15/22 15,000 15,093
Level 3 Communications
        *8.875% 6/1/19 190,000 206,863
          11.875% 2/1/19 280,000 322,700
Level 3 Financing 7.00% 6/1/20 245,000 258,781
# MetroPCS Wireless 144A
          6.25% 4/1/21 180,000 189,225
Qwest 6.75% 12/1/21 10,000 11,508
# SES 144A 3.60% 4/4/23 20,000 20,066
Sprint Capital 8.75% 3/15/32 178,000 208,260
Sprint Nextel
          8.375% 8/15/17 475,000 549,813
          9.125% 3/1/17 125,000 146,875
Time Warner Cable 8.25% 4/1/19 20,000 25,791
# VimpelCom 144A 7.748% 2/2/21 275,000 304,631
# Vivendi 144A
          3.45% 1/12/18 5,000 5,159
          6.625% 4/4/18 10,000 11,765
Vodafone Group 2.95% 2/19/23 10,000 9,659
# Wind Acquisition Finance 144A
          7.25% 2/15/18 535,000 560,412
          11.75% 7/15/17 190,000 200,925
Windstream 7.50% 4/1/23 235,000 247,925
Zayo Group 10.125% 7/1/20 530,000 618,774
7,311,795

(continues)       9



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

Principal Value
          Amount°       (U.S. $)
Corporate Bonds (continued)      
Consumer Cyclical – 2.84%
ADT 4.125% 6/15/23 USD 5,000 $ 5,004
Amazon.com 2.50% 11/29/22 20,000 19,013
# BC Mountain 144A
          7.00% 2/1/21 110,000 116,875
# Bon-Ton Department Stores
          144A 8.00% 6/15/21 395,000 407,344
Brinker International
          2.60% 5/15/18 5,000 5,009
          3.875% 5/15/23 5,000 4,915
Burlington Coat Factory
          Warehouse 10.00% 2/15/19 325,000 364,406
# CDR DB Sub 144A 7.75% 10/15/20   450,000   471,375
CKE Restaurants 11.375% 7/15/18 21,000 21,971
#* Claire’s Stores 144A 7.75% 6/1/20 110,000 111,925
Dave & Buster’s 11.00% 6/1/18 330,000 372,075
#^ Dave & Buster’s Entertainment
          144A 10.004% 2/15/16 510,000 397,800
Dollar General
          1.875% 4/15/18 5,000 4,980
          3.25% 4/15/23 5,000 4,862
eBay 4.00% 7/15/42   10,000 8,897
Express 8.75% 3/1/18 118,000 128,178
Historic TW 6.875% 6/15/18 25,000 30,666
Host Hotels & Resorts
          4.75% 3/1/23 20,000 21,199
# Landry’s 144A 9.375% 5/1/20 455,000 497,087
# LKQ 144A 4.75% 5/15/23 405,000 405,000
Michaels Stores
          11.375% 11/1/16 61,000 63,974
Pantry 8.375% 8/1/20 405,000 444,994
# Party City Holdings 144A
          8.875% 8/1/20 435,000 490,462
* Quiksilver 6.875% 4/15/15 250,000 250,315
# QVC 144A 4.375% 3/15/23 15,000 15,106
Rite Aid 9.25% 3/15/20 385,000 436,494
# Tempur-Pedic International
          144A 6.875% 12/15/20 285,000 308,869
Western Union 3.65% 8/22/18 10,000 10,448
# Wok Acquisition 144A
          10.25% 6/30/20 375,000 421,875
Wyndham Worldwide
          4.25% 3/1/22 5,000 5,095
          5.625% 3/1/21 10,000 11,012
5,857,225
Consumer Non-Cyclical – 1.53%
# Alphabet Holding PIK 144A
          7.75% 11/1/17 145,000 150,075
B&G Foods 4.625% 6/1/21 215,000 215,000
Boston Scientific 6.00% 1/15/20 10,000 11,666
CareFusion 6.375% 8/1/19 65,000 76,799
Celgene 3.95% 10/15/20 15,000 16,001
Constellation Brands
          3.75% 5/1/21 65,000 63,538
          6.00% 5/1/22 290,000 326,974
Covidien International Finance
          4.20% 6/15/20 20,000 22,091
Del Monte 7.625% 2/15/19 300,000 312,375
Energizer Holdings
          4.70% 5/24/22 20,000 20,992
#* ESAL 144A 6.25% 2/5/23 400,000 398,999
# First Quality Finance 144A
          4.625% 5/15/21 225,000 220,500
# Heineken 144A 3.40% 4/1/22 15,000 15,281
# Heinz (H.J.) Finance 144A
          7.125% 8/1/39 175,000 198,188
# JBS USA 144A 8.25% 2/1/20 290,000 319,724
Laboratory Corp. of America
          Holdings 2.20% 8/23/17 15,000 15,071
Merck 2.80% 5/18/23 5,000 4,908
Molson Coors Brewing
          5.00% 5/1/42 10,000 10,312
# Mylan 144A 3.125% 1/15/23 10,000 9,550
Newell Rubbermaid
          2.05% 12/1/17 5,000 4,989
Quest Diagnostics 4.70% 4/1/21 5,000 5,342
Smithfield Foods 6.625% 8/15/22 125,000 142,500
# Spectrum Brands Escrow 144A
          6.375% 11/15/20 75,000 80,719
          6.625% 11/15/22 280,000 303,100
St. Jude Medical 3.25% 4/15/23 15,000 14,769
Visant 10.00% 10/1/17 145,000 139,563
Zimmer Holdings
          4.625% 11/30/19 30,000 33,679
# Zoetis 144A 3.25% 2/1/23 15,000 14,871
3,147,576
Energy – 6.97%
AmeriGas Finance 7.00% 5/20/22 300,000 327,000
Antero Resources Finance
          6.00% 12/1/20 415,000 433,675
* Apache 2.625% 1/15/23 10,000 9,587
# Athlon Holdings 144A
          7.375% 4/15/21 280,000 291,900
Calumet Specialty Products
          Partners 9.375% 5/1/19 720,000 804,599
Chaparral Energy
          7.625% 11/15/22 180,000 195,300
          8.25% 9/1/21 160,000 177,600
# CHC Helicopter 144A
          9.375% 6/1/21 210,000 216,038
Chesapeake Energy
          5.375% 6/15/21 80,000 81,600
          5.75% 3/15/23 120,000 125,100
          6.125% 2/15/21 55,000 60,225
          6.625% 8/15/20 335,000 374,363
Comstock Resources
          7.75% 4/1/19 365,000 387,813
Copano Energy 7.125% 4/1/21 65,000 75,238

10



Principal Value
          Amount°       (U.S. $)
Corporate Bonds (continued)      
Energy (continued)
Crosstex Energy
          7.125% 6/1/22 USD 135,000 $ 145,125
          8.875% 2/15/18 210,000 226,800
# Drill Rigs Holdings 144A
          6.50% 10/1/17 390,000 399,750
# Exterran Partners 144A
          6.00% 4/1/21 395,000   406,850
# Gazprom 144A 3.85% 2/6/20 500,000 492,364
# Genesis Energy 144A
          5.75% 2/15/21 440,000 449,625
# Halcon Resources 144A
          8.875% 5/15/21 425,000 434,563
# Hercules Offshore 144A  
          10.50% 10/15/17 547,000 590,759
# Hilcorp Energy I 144A
          8.00% 2/15/20 271,000 300,810
Kodiak Oil & Gas
      *#144A 5.50% 1/15/21 10,000 10,388
          8.125% 12/1/19 430,000 485,899
Laredo Petroleum
          7.375% 5/1/22 75,000 82,875
          9.50% 2/15/19 325,000 369,688
Linn Energy  
          6.50% 5/15/19 60,000 61,350
          8.625% 4/15/20 241,000 265,100
MarkWest Energy Partners
          6.50% 8/15/21 174,000 189,225
# Midstates Petroleum 144A  
          9.25% 6/1/21 335,000 333,744
Newfield Exploration
          5.625% 7/1/24 10,000 10,550
Noble Holding International
          3.95% 3/15/22 10,000 10,182
          5.25% 3/15/42 5,000 4,884
Northern Oil & Gas
          8.00% 6/1/20 370,000 386,650
# Offshore Group Investment
          144A 7.125% 4/1/23 180,000 186,750
# PDC Energy 144A
          7.75% 10/15/22 385,000 421,575
Pemex Project Funding Master
          Trust 6.625% 6/15/35 1,000,000 1,149,999
Petrobras International Finance
          5.375% 1/27/21 39,000 41,431
# Petroleos Mexicanos 144A
          5.50% 6/27/44 512,000 503,039
Pioneer Energy Services
          9.875% 3/15/18 361,000 395,295
Pride International
          6.875% 8/15/20 20,000 24,783
Range Resources 5.00% 8/15/22 300,000 306,000
# Regency Energy Partners 144A
          4.50% 11/1/23 80,000 79,400
Rosetta Resources
          5.625% 5/1/21 250,000 250,938
# Samson Investment 144A
          9.75% 2/15/20 440,000 460,900
SandRidge Energy
          7.50% 3/15/21 155,000 160,425
          8.125% 10/15/22 395,000 423,638
        *8.75% 1/15/20 10,000 10,800
Statoil
          2.65% 1/15/24 5,000 4,787
          3.95% 5/15/43 5,000 4,708
Talisman Energy 5.50% 5/15/42 25,000 25,739
# Targa Resources Partners 144A
          4.25% 11/15/23 185,000 177,138
TNK-BP Finance
          7.875% 3/13/18 400,000 472,999
Weatherford International
          4.50% 4/15/22 5,000 5,153
          9.625% 3/1/19 15,000 19,519
# Woodside Finance 144A
          8.125% 3/1/14 15,000 15,757
          8.75% 3/1/19 15,000 19,765
14,377,757
Financials – 0.83%
E Trade Financial 6.375% 11/15/19 390,000 411,450
General Electric Capital
          2.10% 12/11/19 35,000 34,934
          6.00% 8/7/19 50,000 60,073
# ILFC E-Capital Trust II 144A
          6.25% 12/21/65 455,000 429,975
International Lease Finance
          4.625% 4/15/21 180,000 178,988
          6.25% 5/15/19 12,000 13,170
          8.75% 3/15/17 20,000 23,775
# Nuveen Investments 144A
          9.50% 10/15/20 455,000 490,263
# Provident Funding Associates
          144A 6.75% 6/15/21 75,000 76,875
1,719,503
Healthcare – 2.45%
Air Medical Group Holdings
          9.25% 11/1/18 257,000 283,343
# Alere 144A
          6.50% 6/15/20 220,000 221,925
          7.25% 7/1/18 195,000 212,550
# Biomet 144A 6.50% 10/1/20 390,000 396,825
# CDRT Holding PIK 144A
          9.25% 10/1/17 190,000 196,175
Community Health Systems
          7.125% 7/15/20 290,000 318,638
          8.00% 11/15/19 265,000 292,825
DaVita HealthCare Partners
          6.625% 11/1/20 300,000 321,750

(continues)       11



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

          Principal Value
Amount°       (U.S. $)
Corporate Bonds (continued)      
Healthcare (continued)
Immucor 11.125% 8/15/19 USD 275,000 $ 312,813
Kinetic Concepts
            10.50% 11/1/18 250,000 271,875
        *12.50% 11/1/19 215,000 223,600
# MultiPlan 144A 9.875% 9/1/18 428,000 481,499
Radnet Management
          10.375% 4/1/18 209,000 225,459
# Sky Growth Acquisition
          Holdings 144A
          7.375% 10/15/20 590,000 629,824
# STHI Holding 144A 8.00% 3/15/18 275,000 301,125
# Truven Health Analytics 144A  
          10.625% 6/1/20 125,000 141,875
# VPI Escrow 144A 6.375% 10/15/20 220,000   232,100
5,064,201
Industrials – 0.02%  
# URS 144A 4.10% 4/1/17 10,000 10,374
Yale University 2.90% 10/15/14 22,000 22,747
    33,121
Insurance – 1.68%
American International Group
          6.40% 12/15/20 15,000 18,160
        8.175% 5/15/58 435,000 572,025
Chubb 6.375% 3/29/67 15,000 16,950
# Highmark 144A
          4.75% 5/15/21 5,000 4,885
          6.125% 5/15/41 5,000 4,657
# Hub International 144A
          8.125% 10/15/18 450,000 486,000
* ING Groep 5.775% 12/29/49 725,000 710,499
# ING US 144A
          3.15% 2/15/18 5,000 5,097
          5.75% 7/15/22 5,000 5,590
# Liberty Mutual Group 144A
          4.95% 5/1/22 10,000 10,913
          6.50% 5/1/42 10,000 11,733
         7.00% 3/15/37 385,000 404,250
MetLife 6.40% 12/15/36 100,000 113,500
# Onex USI Acquisition 144A
          7.75% 1/15/21 395,000 407,838
Prudential Financial
          3.875% 1/14/15 35,000 36,685
WellPoint 3.30% 1/15/23 20,000 19,893
XL Group 6.50% 12/29/49 625,000 629,687
3,458,362
Media – 3.20%
AMC Networks 4.75% 12/15/22 200,000 200,500
CCO Holdings 5.25% 9/30/22 385,000 386,925
# Cequel Communications
          Holdings 1 144A
          6.375% 9/15/20 300,000 315,000
Clear Channel Communications
          9.00% 3/1/21 655,000 653,362
Clear Channel Worldwide
          Holdings 7.625% 3/15/20 390,000 416,175
# Cogeco Cable 144A
          4.875% 5/1/20 190,000 190,000
CSC Holdings 6.75% 11/15/21 265,000 298,125
DISH DBS 5.00% 3/15/23 560,000 532,000
# Griffey Intermediate 144A
          7.00% 10/15/20 385,000 391,738
# Lynx II 144A 6.375% 4/15/23 400,000 419,000
# MDC Partners 144A
          6.75% 4/1/20 255,000 262,013
# Nara Cable Funding 144A
          8.875% 12/1/18 400,000 421,000
# Nexstar Broadcasting 144A
          6.875% 11/15/20 385,000 411,950
# Ono Finance II 144A
          10.875% 7/15/19 240,000 255,000
Satelites Mexicanos
          9.50% 5/15/17 160,000 173,600
# Sirius XM Radio 144A
          4.625% 5/15/23 150,000 144,375
# Univision Communications
          144A 8.50% 5/15/21 735,000 799,312
# UPCB Finance VI 144A
          6.875% 1/15/22 300,000 325,500
6,595,575
Natural Gas – 0.13%
# DCP Midstream 144A
          5.85% 5/21/43 15,000 15,113
El Paso Pipeline Partners
          Operating 6.50% 4/1/20 15,000 18,076
Enbridge Energy Partners
          8.05% 10/1/37 25,000 29,166
Energy Transfer Partners
          9.70% 3/15/19 7,000 9,347
Enterprise Products Operating
         7.034% 1/15/68 25,000 29,029
          9.75% 1/31/14 5,000 5,295
# GDF Suez 144A
          2.875% 10/10/22 10,000 9,836
Kinder Morgan Energy Partners
          9.00% 2/1/19 20,000 26,442
Nisource Finance
          3.85% 2/15/23 5,000 5,105
          4.80% 2/15/44 15,000 14,672
          5.80% 2/1/42 5,000 5,553
Plains All American Pipeline
          8.75% 5/1/19 10,000 13,372
Spectra Energy Capital
          3.30% 3/15/23 5,000 4,883
Sunoco Logistics Partners
          Operations 3.45% 1/15/23 20,000 19,385
TransCanada Pipelines
          6.35% 5/15/67 30,000 32,135
Williams Partners 7.25% 2/1/17 20,000 23,799
261,208

12



Principal Value
          Amount°       (U.S. $)
Corporate Bonds (continued)      
Real Estate Investment Trusts – 0.08%
Alexandria Real Estate Equities
          4.60% 4/1/22 USD 15,000 $ 16,058
BRE Properties 3.375% 1/15/23 10,000 9,735
# Corporate Office Properties
          144A 3.60% 5/15/23 5,000 4,823
Developers Diversified Realty
            4.75% 4/15/18 5,000 5,533
          7.50% 4/1/17 5,000 5,944
          7.875% 9/1/20 20,000 25,499
Digital Realty Trust
          5.25% 3/15/21 20,000 22,270
          5.875% 2/1/20 10,000 11,569
Duke Realty 3.625% 4/15/23   5,000   4,894
National Retail Properties  
          3.30% 4/15/23 5,000 4,862
          3.80% 10/15/22 5,000   5,138
Regency Centers 5.875% 6/15/17 20,000 22,743
UDR 4.625% 1/10/22 15,000 16,343
# WEA Finance 144A
          4.625% 5/10/21 10,000 11,002
Weingarten Realty Investors
          3.50% 4/15/23 10,000 9,767
176,180
Services – 4.16%
# Algeco Scotsman Global
          Finance 144A
          8.50% 10/15/18 175,000 182,875
          10.75% 10/15/19 585,000 582,074
Ameristar Casinos 7.50% 4/15/21 285,000 312,075
# Avis Budget Car Rental 144A
          5.50% 4/1/23 350,000 355,250
*# Beazer Homes USA 144A
          7.25% 2/1/23 110,000 117,013
Caesars Entertainment
          Operating 8.50% 2/15/20 380,000 363,138
# Carlson Wagonlit 144A
          6.875% 6/15/19 290,000 306,675
# DigitalGlobe 144A 5.25% 2/1/21 325,000 329,063
# Geo Group 144A 5.125% 4/1/23 330,000 337,425
H&E Equipment Services
          7.00% 9/1/22 350,000 379,750
M/I Homes 8.625% 11/15/18 486,000 539,459
*# Mattamy Group 144A
          6.50% 11/15/20 390,000 390,975
Meritage Homes 7.00% 4/1/22 60,000 67,650
MGM Resorts International
        #144A 6.75% 10/1/20 215,000 234,888
          7.75% 3/15/22 180,000 206,100
          11.375% 3/1/18 473,000 614,899
NCL
        #144A 5.00% 2/15/18 126,000 129,150
          9.50% 11/15/18 35,000 39,638
PHH
        *7.375% 9/1/19 205,000 233,700
          9.25% 3/1/16 196,000 228,830
Pinnacle Entertainment
          7.75% 4/1/22 125,000 136,875
          8.75% 5/15/20 58,000 63,583
RSC Equipment Rental
          8.25% 2/1/21 255,000 283,688
Seven Seas Cruises
          9.125% 5/15/19 305,000 334,738
Swift Services Holdings
          10.00% 11/15/18 370,000 424,574
# Taylor Morrison Communities
          144A 7.75% 4/15/20 277,000 310,240
Toll Brothers Finance
          4.375% 4/15/23 430,000 436,449
United Rentals North America
          6.125% 6/15/23 70,000 73,675
          7.625% 4/15/22 85,000 94,563
# Watco 144A 6.375% 4/1/23 185,000 195,638
# Wynn Las Vegas 144A
          4.25% 5/30/23 280,000 272,650
8,577,300
Technology – 2.24%
Apple 2.40% 5/3/23 20,000 19,119
# Avaya 144A 10.50% 3/1/21 237,000 200,265
CDW
          8.50% 4/1/19 225,000 250,031
          12.535% 10/12/17 171,000 184,680
# CommScope Holdings PIK
          144A 6.625% 6/1/20 75,000 74,438
Fidelity National Information
          Services 3.50% 4/15/23 10,000 9,647
First Data
        #144A 8.25% 1/15/21 375,000 399,375
        *11.25% 3/31/16 400,000 404,000
        #144A 11.25% 1/15/21 260,000 267,150
      *#144A 11.75% 8/15/21 180,000 174,600
GXS Worldwide 9.75% 6/15/15 287,000 294,893
iGate 9.00% 5/1/16 105,000 113,400
Infor US 9.375% 4/1/19 445,000 503,962
j2 Global 8.00% 8/1/20 585,000 631,799
MagnaChip Semiconductor
          10.50% 4/15/18 156,000 173,550
Microsoft 2.125% 11/15/22 10,000 9,495
National Semiconductor
          6.60% 6/15/17 20,000 23,937
NetApp
          2.00% 12/15/17 5,000 4,948
          3.25% 12/15/22 10,000 9,568
Oracle 5.75% 4/15/18 5,000 5,961
# Seagate HDD Cayman 144A
          4.75% 6/1/23 420,000 409,500
Symantec 4.20% 9/15/20 5,000 5,294
Texas Instruments 2.25% 5/1/23 5,000 4,691
Total System Services 3.75% 6/1/23 15,000 14,724

(continues)       13



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

Principal Value
          Amount°       (U.S. $)
Corporate Bonds (continued)      
Technology (continued)
# Viasystems 144A
          7.875% 5/1/19 USD 395,000   $ 424,624
Xerox 6.35% 5/15/18 10,000 11,719
4,625,370
Transportation – 0.04%  
# Brambles USA 144A
          3.95% 4/1/15 15,000 15,723
          5.35% 4/1/20 15,000 16,928
# ERAC USA Finance 144A
          5.25% 10/1/20 35,000 39,955
FedEx 4.10% 4/15/43 10,000 9,363
# Kansas City Southern de Mexico  
          144A 3.00% 5/15/23   10,000 9,644
91,613
Utilities – 1.03%
AES
          4.875% 5/15/23 205,000 201,925
          7.375% 7/1/21 295,000 346,625
          8.00% 6/1/20 64,000 77,120
Ameren Illinois 9.75% 11/15/18 45,000 62,451
# American Transmission Systems
          144A 5.25% 1/15/22 25,000 27,970
# APT Pipelines 144A
          3.875% 10/11/22 5,000 4,934
CenterPoint Energy 5.95% 2/1/17 13,000 14,895
CMS Energy 6.25% 2/1/20 5,000 6,012
Commonwealth Edison
          5.80% 3/15/18 5,000 5,921
Elwood Energy 8.159% 7/5/26 217,204 236,752
Exelon Generation 4.25% 6/15/22 25,000 25,940
FPL Group Capital 6.35% 10/1/66 20,000 21,216
GenOn Energy 9.875% 10/15/20 390,000 442,651
Great Plains Energy
          10.00% 6/15/22 15,000 16,837
Integrys Energy Group
          6.11% 12/1/66 15,000 15,920
Ipalco Enterprises 5.00% 5/1/18 10,000 10,800
Kansas City Power & Light
          3.15% 3/15/23 5,000 4,964
LG&E & KU Energy
          4.375% 10/1/21 20,000 21,425
Mirant Americas 8.50% 10/1/21 335,000 388,600
# Narragansett Electric 144A
          4.17% 12/10/42 5,000 4,796
National Rural Utilities
          Cooperative Finance
          4.75% 4/30/43 10,000 10,225
NV Energy 6.25% 11/15/20 10,000 12,196
Pennsylvania Electric
          5.20% 4/1/20 25,000 28,066
PPL Capital Funding
          6.70% 3/30/67 25,000 26,647
PPL Electric Utilities
          3.00% 9/15/21 10,000 10,307
  Public Service Oklahoma
          5.15% 12/1/19 30,000 34,346
Puget Energy 6.00% 9/1/21 5,000 5,608
Puget Sound Energy
          6.974% 6/1/67 20,000 21,384
SCANA 4.125% 2/1/22 15,000 15,485
Wisconsin Energy 6.25% 5/15/67 20,000 21,744
2,123,762
Total Corporate Bonds
(cost $78,226,919) 82,932,227
 
Non-Agency Asset-Backed Security – 0.01%
Nissan Master Owner Trust
          Receivables Series 2012-A A
          0.669% 5/15/17 25,000 25,099
Total Non-Agency Asset-Backed
Security (cost $25,086) 25,099
 
Non-Agency Collateralized Mortgage Obligations – 0.11%
Citicorp Mortgage Securities
          Series 2007-1 2A1
          5.50% 1/25/22 12,899 12,960
Citicorp Residential Mortgage
          Securities Series 2006-3 A5
          5.948% 11/25/36 100,000 96,706
GSR Mortgage Loan Trust
          Series 2006-AR1 3A1
          2.992% 1/25/36 96,420 85,004
MASTR ARM Trust Series
          2006-2 4A1 2.649% 2/25/36 34,445 32,719
Total Non-Agency Collateralized
Mortgage Obligations
(cost $228,457) 227,389
 
«Senior Secured Loans – 0.74%
Equipower Resources Holdings
          2nd Lien 10.00% 5/23/19 150,000 154,500
Hostess Brands 1st Lien 6.75% 3/12/20 325,000 333,125
Panda Temple Power II Tranche B
          1st Lien 7.25% 3/28/19 320,000 326,400
Penney (J.C.) 1st Lien 6.00% 5/21/18 205,000 208,203
Rite Aid 2nd Lien 5.75% 8/3/20 198,000 205,301
Smart & Final 2nd Lien
          10.50% 11/8/20 294,359 302,454
Total Senior Secured Loans
(cost $1,499,842) 1,529,983

14



Principal Value
          Amount°       (U.S. $)
ΔSovereign Bonds – 4.14%      
Brazil – 2.19%
Brazil Notas do Tesouro
          Nacional Serie F
          10.00% 1/1/17 BRL   9,600,000 $ 4,517,129
4,517,129
Indonesia – 0.78%
Indonesia Government  
          International Bond
          6.625% 2/17/37 USD   1,350,000   1,611,563
1,611,563
Mexico – 0.41%
Mexican Bonos  
          7.50% 6/3/27 MXN 533,000 48,680
          7.75% 5/29/31 MXN   8,720,000 798,671
847,351
Panama – 0.44%
Panama Government
          International Bond
          6.70% 1/26/36 USD 700,000 897,750
897,750
Poland – 0.32%
Poland Government Bonds  
          4.00% 10/25/23 PLN 624,000 196,694
          5.75% 10/25/21 PLN   1,318,000 468,067
664,761
Total Sovereign Bonds
(cost $9,291,109) 8,538,554
 
U.S. Treasury Obligations – 0.46%
U.S. Treasury Bond
          2.75% 11/15/42 USD 115,000 102,961
U.S. Treasury Notes
          1.00% 5/31/18 120,000 119,719
        *1.75% 5/15/23 750,000 722,695
Total U.S. Treasury Obligations
(cost $971,576) 945,375
 
Leveraged Non-Recourse Security – 0.00%
t@#JPMorgan Fixed Income Pass
          Through Trust Series 2007-B
          144A 0.00% 1/15/87 500,000 0
Total Leveraged Non-Recourse
Security (cost $425,000) 0
 
Number of
Shares
Limited Partnerships – 0.36%
Brookfield Infrastructure Partners 5,400 196,128
* Lehigh Gas Partners 22,400 555,744
Total Limited Partnerships
(cost $607,629) 751,872
 
Preferred Stock – 0.79%
Alabama Power 5.625% 410 10,640
# Ally Financial 144A 7.00% 600 588,262
BB&T 5.85% 225 5,715
Freddie Mac 6.02% 40,000 202,000
GMAC Capital Trust I 8.125% 12,000 319,440
National Retail Properties 5.70% 200 4,944
* Public Storage 5.20% 200 4,972
* Regions Financial 6.375% 16,000 405,280
Vornado RealtyTrust 6.625% 3,700 93,906
Total Preferred Stock
(cost $2,275,356) 1,635,159
 
Principal
Amount°
Short-Term Investments – 6.44%
≠Discount Notes – 2.50%
Fannie Mae 0.06% 9/16/13 USD 1,111,736 1,111,606
Federal Home Loan Bank
          0.045% 7/24/13 510,897 510,883
          0.05% 7/26/13 294,277 294,268
          0.06% 7/2/13 1,084,824 1,084,807
            0.06% 8/14/13 1,228,774 1,228,700
          0.06% 8/16/13 403,609 403,584
          0.06% 8/21/13 510,897 510,863
5,144,711
Repurchase Agreements – 3.94%
Bank of America 0.03%, dated
          5/31/13, to be repurchased
          on 6/3/13, repurchase price
          $1,648,910 (collateralized
          by U.S. government
          obligations 0.75%-3.625%
          6/15/14-8/15/19; market
          value $1,681,884) 1,648,906 1,648,906
BNP Paribas 0.05%, dated
          5/31/13, to be repurchased
          on 6/3/13, repurchase price
          $6,487,121 (collateralized
          by U.S. government
          obligations 0.00%-1.75%
          8/29/13-1/31/18; market
          value $6,616,836) 6,487,094 6,487,094
8,136,000
Total Short-Term Investments
(cost $13,280,431) 13,280,711
Total Value of Securities Before Securities
Lending Collateral – 130.88%
(cost $246,204,991) 270,024,571

(continues)       15



Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

Number of Value
      Shares       (U.S. $)
**Securities Lending Collateral – 7.02%
Investment Companies
          Delaware Investments
          Collateral Fund No.1 14,477,368 $ 14,477,368
     †@Mellon GSL Reinvestment Trust II 278,673 0
Total Securities Lending      
          Collateral (cost $14,756,041) 14,477,368
Total Value of Securities – 137.90%  
          (cost $260,961,032) 284,501,939 ©
 
**Obligation to Return Securities  
          Lending Collateral – (7.15%) (14,756,041 )
Borrowing Under Line of Credit – (31.86%) (65,725,000 )
«Receivables and Other Assets
          Net of Other Liabilities – 1.11% 2,288,975
Net Assets Applicable to 15,863,616
          Shares Outstanding; Equivalent to
          $13.01 Per Share – 100.00% $ 206,309,873
 
Components of Net Assets at May 31, 2013:
Shares of beneficial interest
          (unlimited authorization – no par) $ 240,349,384
Distributions in excess of net investment income (3,481,021 )
Accumulated net realized loss on investments (54,074,128 )
Net unrealized appreciation of investments
          and derivatives 23,515,638
Total net assets $ 206,309,873

v Securities have been classified by type of business. Classification by country of origin has been presented on page 2 in “Security type/sector and country allocations.”
Non income producing security.
* Fully or partially on loan.
= Security is being fair valued in accordance with the Fund’s fair valuation policy. At May 31, 2013, the aggregate value of fair valued securities was $0, which represented 0.00% of the Fund’s net assets. See Note 1 in “Notes to financial statements.”
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At May 31, 2013, the aggregate value of Rule 144A securities was $48,679,769, which represented 23.60% of the Fund’s net assets. See Note 8 in “Notes to financial statements.”
° Principal amount shown is stated in the currency in which each security is denominated.
Variable rate security. The rate shown is the rate as of May 31, 2013. Interest rates reset periodically.
w Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes.
Φ Step coupon bond. Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at May 31, 2013.
@ Illiquid security. At May 31, 2013, the aggregate value of illiquid securities was $0, which represented 0.00% of the Fund’s net assets. See Note 8 in “Notes to financial statements.”
^ Zero Coupon Security. The rate shown is the yield at the time of purchase.
« Senior secured loans generally pay interest at rates which are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally: (i) the prime rate offered by one or more United States banks, (ii) the lending rate offered by one or more European banks such as the London Inter-Bank Offered Rate (LIBOR), and (iii) the certificate of deposit rate. Senior secured loans may be subject to restrictions on resale. Stated rate in effect at May 31, 2013.
Δ Securities have been classified by country of origin.
The rate shown is the effective yield at the time of purchase.
** See Note 7 in “Notes to financial statements” for additional information on securities lending collateral and non-cash collateral.
© Includes $14,563,845 of securities loaned.
« Includes foreign currency valued at $5,937 with a cost of $6,634.

The following foreign currency exchange contracts were outstanding at May 31, 2013:1

Unrealized
Contracts to Settlement   Appreciation
Counterparty         Receive (Deliver)       In Exchange For       Date       (Depreciation)
MNB GBP (4,976 )   USD 7,534 6/3/13 $ (27 )
MNB   GBP (1,431 ) USD 2,163 6/4/13 (11 )
MNB GBP (8,674 ) USD 13,215 6/5/13   35
MNB JPY    (16,413,649 ) USD    161,902   6/3/13   (1,558 )
MNB JPY (17,520,863 ) USD 172,178 6/4/13 (2,309 )
MNB SGD (1,013 ) USD 799 6/3/13 (2 )
      $ (3,872 )    

The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contracts presented above represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.

1See Note 6 in “Notes to financial statements.”

Summary of Abbreviations:
ADR — American Depositary Receipt
ARM — Adjustable Rate Mortgage
BRL — Brazilian Real
FDR — Fiduciary Deposit Receipt
GBP — British Pound Sterling
GNMA — Government National Mortgage Association
JPY — Japanese Yen
MASTR — Mortgage Asset Securitization Transactions, Inc.
MNB — Mellon National Bank
MXN — Mexican Peso
PIK — Pay-in-kind
PLN — Polish Zloty
REIT — Real Estate Investment Trust
REMIC — Real Estate Mortgage Investment Conduit
S.F. — Single Family
SGD — Singapore Dollar
TBA — To be announced
USD — United States Dollar
yr — Year

See accompanying notes, which are an integral part of the financial statements.

16



Statement of operations

Delaware Enhanced Global Dividend and Income Fund
Six Months Ended May 31, 2013 (Unaudited)

Investment Income:            
       Interest $ 4,303,929
       Dividends 2,604,035
       Securities lending income 64,939  
       Foreign tax withheld (169,649 ) $ 6,803,254
 
Expenses:
       Management fees 1,269,514
       Reports to shareholders 84,947
       Accounting and administration expenses 51,796  
       Dividend disbursing and transfer agent fees and expenses 35,376
       Legal fees 26,844
       Custodian fees 24,039
       Audit and tax 11,165  
       Pricing fees   9,119  
       NYSE fees 8,271
       Dues and services   6,156
       Trustee’s fees 5,031
       Insurance fees 1,835  
       Consulting fees 1,037
       Leverage expenses 1,006
       Registration fees 769
       Trustees’ expenses 346
       Total operating expenses (before interest expense) 1,537,251
       Interest expense 376,446
       Total operating expenses (after interest expense)   1,913,697
Net Investment Income 4,889,557
 
Net Realized and Unrealized Gain (Loss):
       Net realized gain (loss) on:
              Investments 6,796,411
              Foreign currencies (155,462 )
              Foreign currency exchange contracts (13,607 )
              Options written 135,957
              Swap contracts (4,572 )
       Net realized gain 6,758,727
       Net change in unrealized appreciation (depreciation) of:
              Investments 11,129,696
              Foreign currencies 71,136
              Foreign currency exchange contracts (3,093 )
       Net change in unrealized appreciation (depreciation) 11,197,739
Net Realized and Unrealized Gain 17,956,466
 
Net Increase in Net Assets Resulting from Operations $ 22,846,023

See accompanying notes, which are an integral part of the financial statements.

17



Statements of changes in net assets

Delaware Enhanced Global Dividend and Income Fund

Six Months Year
Ended Ended
      5/31/13       11/30/12
(Unaudited)
Increase in Net Assets from Operations:
       Net investment income   $ 4,889,557     $ 8,814,467
       Net realized gain   6,758,727   448,599  
       Net change in unrealized appreciation (depreciation) 11,197,739 19,380,386
       Net increase in net assets resulting from operations 22,846,023 28,643,452
 
Dividends and Distributions to Shareholders from:
       Net investment income (7,138,627 ) (9,927,316 )
       Return of capital (8,242,639 )
  (7,138,627 ) (18,169,955 )
 
Capital Share Transactions:
       Cost of shares reinvested1 714,620
       Increase in net assets derived from capital share transactions 714,620
 
Net Increase in Net Assets 15,707,396 11,188,117
 
Net Assets:
       Beginning of period 190,602,477 179,414,360
       End of period (including distributions in excess of net investment income of $3,481,021
              and $1,231,951, respectively) $ 206,309,873 $ 190,602,477

1 See Note 4 in “Notes to financial statements.”
 
See accompanying notes, which are integral part of the financial statements.

18



Statement of cash flows

Delaware Enhanced Global Dividend and Income Fund
Six Months Ended May 31, 2013 (Unaudited)

Net Cash (Including Foreign Currency) Provided by (Used For) Operating Activities:      
Net increase in net assets resulting from operations $ 22,846,023
 
       Adjustments to reconcile net increase in net assets from
              operations to cash provided by operating activities:
              Amortization of premium and discount on investments purchased (29,237 )
              Purchase of investment securities     (74,257,377 )
              Proceeds from disposition of investment securities 86,617,205
              Proceeds of short-term investment securities, net (6,579,493 )
              Premiums received for options written 163,972
              Premiums paid to close options written (28,015 )
              Net realized gain   (6,861,201 )
              Net change in net unrealized appreciation (depreciation) (11,197,739 )
              Increase in receivable for investments sold   (971,791 )
              Decrease in interest and dividends receivable 21,429
              Decrease in payable for investments purchased (2,144,595 )
              Decrease in interest expense payable (169,433 )
              Increase in accrued expenses and other liabilities 27,945
       Total adjustments (15,408,330 )
Net cash provided by operating activities 7,437,693
 
Cash Flows Used for Financing Activities:
       Cash dividends and distributions paid (7,138,627 )
Net cash used for financing activities (7,138,627 )
Effect of exchange rates on cash (5,877 )
Net increase in cash 293,189
Cash at beginning of period (732,039 )
Cash at end of period $ (438,850 )
 
Cash paid for interest expense for leverage $ 545,879

See accompanying notes, which are an integral part of the financial statements.

19



Financial highlights

Delaware Enhanced Global Dividend and Income Fund

 

Selected data for each share of the Fund outstanding throughout each period were as follows:

Six Months
Ended Year Ended
    5/31/131         11/30/12     11/30/11     11/30/10     11/30/09     11/30/08    
(Unaudited)
Net asset value, beginning of period      $12.020      $11.350 $12.320 $12.060 $8.770 $17.640
 
Income (loss) from investment operations:
Net investment income2 0.308     0.557 0.587 0.568 0.685     0.769  
Net realized and unrealized gain (loss)   1.132 1.261 (0.327 )   0.922 3.875 (7.935 )
Total from investment operations 1.440 1.818 0.260 1.490 4.560 (7.166 )
 
Less dividends and distributions from:
Net investment income (0.450 ) (0.627 ) (0.750 ) (0.918 ) (0.668 ) (0.644 )
Return of capital (0.521 ) (0.480 ) (0.312 ) (0.602 ) (1.060 )
Total dividends and distributions   (0.450 ) (1.148 ) (1.230 ) (1.230 ) (1.270 ) (1.704 )
 
Net asset value, end of period $13.010 $12.020 $11.350 $12.320 $12.060 $8.770
 
Market value, end of period $12.370 $11.100 $10.920 $12.310 $12.290 $6.080
 
Total return based on:3
Net asset value 12.32% 16.85% 1.77% 13.13% 59.12% (42.25% )
Market value 15.65% 12.15% (2.01% ) 10.92% 134.96% (54.14% )
 
Ratios and supplemental data:
Net assets, end of period (000 omitted) $206,310 $190,602 $179,414 $160,465 $156,048 $113,400
Ratio of expenses to average net assets 1.90% 2.15% 1.98% 1.95% 2.14% 1.66%
Ratio of expenses to adjusted average net assets (before interest expense)4 1.15% 1.19% 1.28% 1.22% 1.26% 1.24%
Ratio of interest expense to adjusted average net assets4 0.28% 0.42%     0.31% 0.33%   0.35% 0.29%
Ratio of net investment income to average net assets 4.85% 4.74% 4.68% 4.68% 6.73% 5.33%
Ratio of net investment income to adjusted average net assets4 3.66% 3.57% 3.76% 3.73%   5.06% 4.91%
Portfolio turnover 29% 53% 72% 83% 88% 97%
 
Leverage Analysis:
Debt outstanding at end of period at par (000 omitted) $65,725 $65,725 $50,725 $40,000 $40,000 $40,000
Asset coverage per $1,000 of debt outstanding at end of period $4,139 $3,900 $4,537 $5,012 $4,901 $3,835

1 Ratios have been annualized and total return and portfolio turnover have not been annualized.
2 The average shares outstanding method has been applied for per share information.
3 Total investment return is calculated assuming a purchase of common stock on the opening of the first day and a sale on the closing of the last day of each period reported. Dividends and distributions, if any, are assumed for the purpose of this calculation, to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. Generally, total investment return based on net asset value will be higher than total investment return based on market value in periods where there is an increase in the discount or decrease in the premium of the market value to the net asset value from the beginning to the end of such periods. Conversely, total investment return based on net asset value will be lower than total investment return based on market value in periods where there is a decrease in the discount or an increase in the premium of the market value to the net asset value from the beginning to the end of such periods.
4 Adjusted average net assets excludes debt outstanding.

See accompanying notes, which are an integral part of the financial statements.

20



Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund
May 31, 2013 (Unaudited)
 

Delaware Enhanced Global Dividend and Income Fund (Fund) is organized as a Delaware statutory trust and is a diversified closed-end management investment company under the Investment Company Act of 1940, as amended. The Fund’s shares trade on the New York Stock Exchange (NYSE) under the symbol DEX.

The primary investment objective of the Fund is to seek current income, with a secondary objective of capital appreciation.

1. Significant Accounting Policies

The following accounting policies are in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistently followed by the Fund.

Security Valuation — Equity securities and Exchange-Traded Funds (ETFs), except those traded on the Nasdaq Stock Market, Inc. (Nasdaq), are valued at the last quoted sales price as of the time of the regular close of the NYSE on the valuation date. Securities traded on the Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If on a particular day an equity security or ETF does not trade, then the mean between the bid and ask prices will be used, which approximates fair value. Securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. U.S. government and agency securities are valued at the mean between the bid and ask prices, which approximates fair value. Debt securities and credit default swap (CDS) contracts are valued based upon valuations provided by an independent pricing service or broker/counterparty and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. Swaps prices are derived using daily swap curves and models that incorporate a number of market data factors, such as discounted cash flows, trades and values of the underlying reference instruments. Investment company securities are valued at net asset value per share, as reported by the underlying investment company. Open-end investments companies are valued at their published net asset value. Foreign currency exchange contracts and forward foreign cross currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. Exchange-traded options are valued at the last reported sale price or, if no sales are reported, at the mean between the last reported bid and ask prices, which approximates fair value. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Trustees (Board). In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. To account for this, the Fund may frequently value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing).

Federal & Foreign Income Taxes — No provision for federal income taxes has been made as the Fund intends to continue to qualify for federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended, and make the requisite distributions to shareholders. The Fund evaluates tax positions taken or expected to be taken in the course of preparing the Fund’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are recorded as a tax benefit or expense in the current year. Management has analyzed the Fund’s tax positions taken for all open federal income tax years (Nov. 30, 2009 – Nov. 30, 2012), and has concluded that no provision for federal income tax is required in the Fund’s financial statements. In regard to foreign taxes only, the Fund has open tax years in certain foreign countries it invests in that may date back to the inception of the Fund.

Distributions — The Fund has implemented a managed distribution policy. Under the policy, the Fund is managed with a goal of generating as much of the distribution as possible from net investment income and short-term capital gains. The balance of the distribution will then come from long-term capital gains to the extent permitted, and if necessary, a return of capital. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in

(continues)       21



Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund


1. Significant Accounting Policies (continued)

part, by the Fund’s capital loss carryovers from prior years. For federal income tax purposes, the effect of such capital loss carryovers may be to convert (to the extent of such current year gains) what would otherwise be returns of capital into distributions taxable as ordinary income. This tax effect can occur during times of extended market volatility. Under the Regulated Investment Company Modernization Act of 2010 (Act), this tax effect attributable to the Fund’s capital loss carryovers (the conversion of returns of capital into distributions taxable as ordinary income) will no longer apply to net capital losses of the Fund arising in Fund tax years beginning after Nov. 30, 2012. The actual determination of the source of the Fund’s distributions can be made only at year end.

Repurchase Agreements — The Fund may purchase certain U.S. government securities subject to the counterparty’s agreement to repurchase them at an agreed upon date and price. The counterparty will be required on a daily basis to maintain the value of the collateral subject to the agreement at not less than the repurchase price (including accrued interest). The agreements are conditioned upon the collateral being deposited under the Federal Reserve book-entry system with the Fund’s custodian or a third-party sub-custodian. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. All open repurchase agreements as of the date of this report were entered into on May 31, 2013.

To Be Announced Trades — The Fund may contract to purchase securities for a fixed price at a transaction date beyond the customary settlement period (e.g, “when issued,” “delayed delivery,” “forward commitment,” or “TBA transactions”) consistent with the Fund’s ability to manage its investment portfolio and meet redemption requests. These transactions involve a commitment by the Fund to purchase securities for a predetermined price or yield with payment and delivery taking place more than three days in the future, or after a period longer than the customary settlement period for that type of security. No interest will be earned by the Fund on such purchases until the securities are delivered; however, the market value may change prior to delivery.

Foreign Currency Transactions — Transactions denominated in foreign currencies are recorded at the prevailing exchange rates on the valuation date in accordance with the Fund’s prospectus. The value of all assets and liabilities denominated in foreign currencies is translated daily into U.S. dollars at the exchange rate of such currencies against the U.S. dollar. Transaction gains or losses resulting from changes in exchange rates during the reporting period or upon settlement of the foreign currency transaction are reported in operations for the current period. The Fund generally bifurcates that portion of realized gains and losses on investments in debt securities, which is due to changes in foreign exchange rates from that which is due to changes in market prices of debt securities. That portion of gains (losses) is included in the statement of operations under the caption net realized gain (loss) on foreign currencies. For foreign equity securities, these changes are included in net realized and unrealized gain or loss on investments. The Fund reports certain foreign currency related transactions as components of realized gains (losses) for financial reporting purposes, whereas such components are treated as ordinary income (loss) for federal income tax purposes.

Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the fair value of investments, reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and the differences could be material.

Other — Expenses directly attributable to the Fund are charged directly to the Fund. Other expenses common to various funds within the Delaware Investments® Family of Funds are generally allocated among such funds on the basis of average net assets. Management fees and some other expenses are paid monthly. Security transactions are recorded on the date the securities are purchased or sold (trade date) for financial reporting purposes. Costs used in calculating realized gains and losses on the sale of investment securities are those of the specific securities sold. Dividend income is recorded on the ex-dividend date and interest income is recorded on the accrual basis. Taxable non-cash dividends are recorded as dividend income. Discounts and premiums on debt securities are amortized to interest income over the lives of the respective securities using the effective interest method. Realized gains (losses) on paydowns of asset- and mortgage-backed securities are classified as interest income. Distributions received from investments in Real Estate Investment Trusts (REITs) are recorded as dividend income on the ex-dividend date, subject to reclassification upon notice of the character of such distributions by the issuer. Foreign dividends are also recorded on the ex-dividend date or as soon after the ex-dividend

22



date that the Fund is aware of such dividends, net of all tax withholdings, a portion of which may be reclaimable. Withholding taxes and reclaims on foreign dividends have been recorded in accordance with the Fund’s understanding of the applicable country’s tax rules and rates.

The Fund may receive earnings credits from its custodian when positive cash balances are maintained, which are used to offset custody fees. There were no earnings credits for the six months ended May 31, 2013.

2. Investment Management, Administration Agreements and Other Transactions with Affiliates

In accordance with the terms of its investment management agreement, the Fund pays Delaware Management Company (DMC), a series of Delaware Management Business Trust, and the investment manager, an annual fee of 0.95%, of the adjusted average daily net assets of the Fund. For purposes of the calculation of investment management fees, adjusted average daily net assets excludes the line of credit liability.

Delaware Service Company, Inc. (DSC), an affiliate of DMC, provides fund accounting and financial administration oversight services to the Fund. For these services, the Fund pays DSC fees based on the aggregate daily net assets excluding the line of credit liability of the Delaware Investments® Family of Funds at the following annual rate: 0.0050% of the first $30 billion; 0.0045% of the next $10 billion; 0.0040% of the next $10 billion; and 0.0025% of aggregate average daily net assets in excess of $50 billion. The fees payable to DSC under the service agreement described above are allocated among all Funds in the Delaware Investments Family of Funds on a relative net asset value basis. For the six months ended May 31, 2013, the Fund was charged $6,474 for these services.

At May 31, 2013, the Fund had liabilities payable to affiliates as follows:

Investment management fees payable to DMC       $ 223,883
Fees and expenses payable to DSC 1,137
Other expenses payable to DMC and affiliates* 3,940

*DMC, as part of its administrative services, pays operating expenses on behalf of the Fund and is reimbursed on a periodic basis. Expenses include items such as printing of shareholder reports, legal and tax services, stock exchange fees, custodian fees and Trustees’ fees.

As provided in the investment management agreement, the Fund bears the cost of certain legal and tax services, including internal legal and tax services provided to the Fund by DMC and/or its affiliates’ employees. For the six months ended May 31, 2013, the Fund was charged $14,478 for internal legal and tax services provided by DMC and/or its affiliates’ employees.

Trustees’ fees include expenses accrued by the Fund for each Trustee’s retainer and meeting fees. Certain officers of DMC and DSC are officers and/or Trustees of the Fund. These officers and Trustees are paid no compensation by the Fund.

3. Investments

For six months ended May 31, 2013, the Fund made purchases of $70,130,072 and sales of $82,597,756 of investment securities other than U.S. government securities and short-term investments. For the six months ended May 31, 2013, the Fund made purchases of $4,127,305 and sales of $4,019,449 of long-term U.S. government securities.

At May 31, 2013, the cost of investments for federal income tax purposes has been estimated since final tax characteristics cannot be determined until fiscal year end. At May 31, 2013, the cost of investments was $262,060,159. At May 31, 2013, net unrealized appreciation was $22,441,780 of which $33,938,629 related to unrealized appreciation of investments and $11,496,849 related to unrealized depreciation of investments.

For federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains. Capital loss carryforwards remaining at Nov. 30, 2012 will expire as follows: $3,221,272 expires in 2015, $33,984,198 expires in 2016 and $22,248,222 expires in 2017.

On Dec. 22, 2010, the Act was enacted, which changed various technical rules governing the tax treatment of regulated investment companies. The changes were generally effective for taxable years beginning after the date of enactment. Under the Act, the Fund is permitted to carry forward capital losses incurred in taxable years beginning after the date of enactment for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this

(continues)       23



Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund
 


3. Investments (continued)

ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss carryforwards will retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under previous regulation.

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three level hierarchy of inputs is summarized below.

Level 1   –  inputs are quoted prices in active markets for identical investments (e.g., equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)
       
Level 2   –  other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) (e.g., debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)
      
Level 3   –  inputs are significant unobservable inputs (including the Fund’s own assumptions used to determine the fair value of investments) (e.g., broker-quoted securities, fair valued securities)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of May 31, 2013:

      Level 1       Level 2       Level 3       Total
Agency, Asset- & Mortgage-Backed Securities $ $ 2,105,123 $ — $ 2,105,123
Common Stock 61,829,594 63,984,382 125,813,976
Convertible Preferred Stock 2,355,638   2,615,134     4,970,772
Corporate Debt   111,503,529     111,503,529
Foreign Debt   8,538,554   8,538,554
Exchange-Traded Fund   479,500 479,500
U.S. Treasury Obligations 945,375   945,375
Other 1,596,768 790,263 2,387,031
Short-Term Investments 13,280,711 13,280,711
Securities Lending Collateral 14,477,368 14,477,368
Total $ 66,261,500 $ 218,240,439 $ — $ 284,501,939
 
Foreign Currency Exchange Contracts $ $ (3,872 ) $ — $ (3,872 )

24



Security type is valued across multiple levels. The amount attributed to level 1 securities and level 2 securities represents the following percentages of the total market value of this security type for the Fund.

Level 1        Level 2        Total
Common Stock 49 % 51 % 100%
Convertible Preferred Stock 47 % 53 % 100%
Other 67 % 33 % 100%

The securities that have been deemed worthless on the statement of net assets are considered to be Level 3 securities in this table.

As a result of utilizing international fair value pricing at May 31, 2013, a portion of the Fund was categorized as Level 2.

During the six months ended May 31, 2013, there were no transfers between Level 1 investments, Level 2 investments or Level 3 investments that had a significant impact to the Fund. This does not include transfers between Level 1 investments and Level 2 investments due to the Fund utilizing international fair value pricing during the period. In accordance with the fair valuation procedures described in Note 1, international fair value pricing uses other observable market-based inputs in place of the closing exchange price due to the events occurring after the close of the exchange or market on which the investment is principally traded causing a change in classification between levels. The Fund’s policy is to recognize transfers between levels at the beginning of the reporting period.

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim or end of the period in relation to the Fund’s net assets. Management has determined not to provide additional disclosure on Level 3 inputs under ASU No. 2011-04 since the Level 3 investments are not considered significant to the Fund’s net assets at the end of the period.

4. Capital Stock

Shares obtained under the Fund’s dividend reinvestment plan are purchased by the Fund’s transfer agent, Computershare Shareowner Services LLC (Computershare), in the open market if the shares of the Fund are trading at a discount to the Fund’s net asset value on the dividend payment date. However, the dividend reinvestment plan provides that if the shares of the Fund are trading at a premium to the Fund’s net asset value on the dividend payment date, the Fund will issue shares to shareholders of record at net asset value. During the six months ended May 31, 2013, the Fund did not issue any shares under the reinvestment plan. During the year ended Nov. 30, 2012, the Fund issued 60,489 shares for $714,620 under the Fund’s dividend reinvestment plan because the Fund was trading at a premium to net asset value on the respective dividend payment dates.

5. Line of Credit

For the six months ended May 31, 2013, the Fund borrowed money pursuant to a $67,000,000 Credit Agreement with The Bank of New York Mellon (BNY Mellon) that expired on June 26, 2013, but was renewed through June 25, 2014. Depending on market conditions, the amount borrowed by the Fund pursuant to the Credit Agreement may be reduced or possibly increased in the future.

At May 31, 2013, the par value of loans outstanding was $65,725,000, at a variable interest rate of 1.08%. During the six months ended May 31, 2013, the average daily balance of loans outstanding was $65,725,000 at a weighted average interest rate of approximately 1.13%.

Interest on borrowings is based on a variable short-term rate plus an applicable margin. The commitment fee under the Credit Agreement is computed at a rate of 0.20% per annum on the unused balance and is reflected in leverage expenses on the statement of operations. The loan is collateralized by the Fund’s portfolio.

6. Derivatives

U.S. GAAP requires disclosures that enable investors to understand: 1) how and why an entity uses derivatives; 2) how they are accounted for; and 3) how they affect an entity’s results of operations and financial position.

(continues)       25



Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund

6. Derivatives (continued)

Foreign Currency Exchange Contracts — The Fund may enter into foreign currency exchange contracts and forward foreign cross currency exchange contracts as a way of managing foreign exchange rate risk. The Fund may enter into these contracts to fix the U.S. dollar value of a security that it has agreed to buy or sell for the period between the date the trade was entered into and the date the security is delivered and paid for. The Fund may also use these contracts to hedge the U.S. dollar value of securities it already owns that are denominated in foreign currencies. The change in value is recorded as an unrealized gain or loss. When the contract is closed, a realized gain or loss is recorded equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

The use of foreign currency exchange contracts and forward foreign cross currency exchange contracts does not eliminate fluctuations in the underlying prices of the securities, but does establish a rate of exchange that can be achieved in the future. Although foreign currency exchange contracts and forward foreign cross currency exchange contracts limit the risk of loss due to an unfavorable change in the value of the hedged currency, they also limit any potential gain that might result should the value of the currency change favorably. In addition, the Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts. The Fund’s maximum risk of loss from counterparty credit risk is the value of its currency exchanged with the counterparty. The risk is generally mitigated by having a netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty.

Options Contracts — During the six months ended May 31, 2013, the Fund entered into options contracts in the normal course of pursuing its investment objective. The Fund may buy or write options contracts for any number of reasons, including without limitation: to manage the Fund’s exposure to changes in securities prices and foreign currencies; to earn income; as an efficient means of adjusting the Fund’s overall exposure to certain markets; to protect the value of portfolio securities; and as a cash management tool. The Fund may buy or write call or put options on securities, futures, swaps “swaptions,” financial indices, and foreign currencies. When the Fund buys an option, a premium is paid and an asset is recorded and adjusted on a daily basis to reflect the current market value of the options purchased. When the Fund writes an option, a premium is received and a liability is recorded and adjusted on a daily basis to reflect the current market value of the options written. Premiums received from writing options that expire unexercised are treated by the Fund on the expiration date as realized gains. The difference between the premium received and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is treated as realized gain or loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether the Fund has a realized gain or loss. If a put option is exercised, the premium reduces the cost basis of the securities purchased by the Fund. The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the security underlying the written option. When writing options, the Fund is subject to minimal counterparty risk because the counterparty is only obligated to pay premiums and does not bear the market risk of an unfavorable market change.

Transactions in options written during the six months ended May 31, 2013 for the Fund were as follows:

Number of
Contracts        Premiums
Options outstanding at Nov. 30, 2012           $
Options written 1,010 163,972
Options exercised (205 ) (28,015 )
Options expired (805 ) (135,957 )
Options outstanding at May 31, 2013 $

Swap Contracts — The Fund enters into CDS contracts in the normal course of pursuing its investment objective. The Fund may enter into CDS contracts in order to hedge against a credit event, to enhance total return or to gain exposure to certain securities or markets The Fund will not be permitted to enter into swap transactions, unless, at the time of entering into such transaction the unsecured long-term debt of the actual counterparty combined with any credit enhancements, is rated at least BBB- by S&P or Baa3 by Moody’s or is determined to be of equivalent quality by the manager.

26



Credit Default Swaps. A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). In exchange for the protection offered by the seller of protection, the purchaser of protection agrees to pay the seller of protection a periodic amount at a stated rate that is applied to the notional amount of the CDS contract. In addition, an upfront payment may be made or received by the Fund in connection with an unwinding or assignment of a CDS contract. Upon the occurrence of a credit event, the seller of protection would pay the par (or other agreed-upon) value of the reference security (or basket of securities) to the counterparty. Credit events generally include, among others, bankruptcy, failure to pay, and obligation default.

During the six months ended May 31, 2013, the Fund entered into CDS contracts as a purchaser of protection. Periodic payments on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment, such amounts are recorded as realized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded as unrealized appreciation or depreciation daily. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the agreement. For the six months ended May 31, 2013, the Fund did not enter into CDS contracts as a seller of protection.

CDS contracts may involve greater risks than if the Fund had invested in the reference obligation directly. CDS contracts are subject to general market risk, liquidity risk, counterparty risk and credit risk. The Fund’s maximum risk of loss from counterparty credit risk, either as the seller of protection or the buyer of protection, is the fair value of the contract. This risk is mitigated by having a netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty for trades entered prior to June 10, 2013, and trading these instruments through a central counterparty for trades entered on or after June 10, 2013.

Swaps Generally. The value of open swaps may differ from that which would be realized in the event the Fund terminated its position in the agreement. Risks of entering into these contracts include the potential inability of the counterparty to meet the terms of the contracts. This type of risk is generally limited to the amount of favorable movement in the value of the underlying security, instrument or basket of instruments, if any, at the day of default. Risks also arise from potential losses from adverse market movements and such losses could exceed the unrealized amounts shown on the statement of net assets. No swap contracts were outstanding at May 31, 2013.

See the statement of operations on page 17 for the realized and unrealized gain or loss on derivatives.

Derivatives Generally. The table below summarizes the average balance of derivative holdings by the Fund during the period ended May 31, 2013.

Long Short
Derivative Derivative
Volume         Volume
Foreign currency exchange contracts (average cost) USD    172,327 USD    202,424
Options contracts (average notional value) 7,141
Swap contracts (average notional value)* EUR   21,815

*Long represents buying protection and short represents selling protection.

7. Securities Lending

The Fund, along with other funds in the Delaware Investments® Family of Funds, may lend its securities pursuant to a security lending agreement (Lending Agreement) with BNY Mellon. At the time a security is loaned, the borrower must post collateral equal to the required percentage of the market value of the loaned security, including any accrued interest. The required percentage is: (i) 102% with respect to U.S. securities and foreign securities that are denominated and payable in U.S. dollars; and (ii) 105% with respect to foreign securities. With respect to each loan, if on any business day the aggregate market value of securities collateral plus cash collateral held is less than the aggregate market value of

(continues)       27



Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund

7. Securities Lending (continued)

the securities which are the subject of such loan, the borrower will be notified to provide additional collateral by the end of the following business day which, together with the collateral already held, will be not less than the applicable initial collateral requirements for such security loan. If the aggregate market value of securities collateral and cash collateral held with respect to a security loan exceeds the applicable initial collateral requirement, upon the request of the borrower, BNY Mellon must return enough collateral to the borrower by the end of the following business day to reduce the value of the remaining collateral to the applicable initial collateral requirement for such security loan. As a result of the foregoing, the value of the collateral held with respect to a loaned security may be temporarily more or less than the value of the security on loan.

Cash collateral received is generally invested in the Delaware Investments Collateral Fund No. 1 (Collective Trust) established by BNY Mellon for the purpose of investment on behalf of funds managed by DMC that participate in BNY Mellon’s securities lending program. The Collective Trust may invest in U.S. government securities and high quality corporate debt, asset-backed and other money market securities and in repurchase agreements collateralized by such securities, provided that the Collective Trust will generally have a dollar-weighted average portfolio maturity of 60 days or less. In Oct. 2008, BNY Mellon transferred certain distressed securities from the Fund’s previous collateral investment pool into the Mellon GSL Reinvestment Trust II. The Fund can also accept U.S. government securities and letters of credit (non-cash collateral) in connection with securities loans. In the event of default or bankruptcy by the lending agent, realization and/or retention of the collateral may be subject to legal proceedings. In the event the borrower fails to return loaned securities and the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Fund or, at the discretion of the lending agent, replace the loaned securities. The Fund continues to record dividends or interest, as applicable, on the securities loaned and is subject to changes in value of the securities loaned that may occur during the term of the loan. The Fund has the right under the Lending Agreement to recover the securities from the borrower on demand. With respect to security loans collateralized by non-cash collateral, the Fund receives loan premiums paid by the borrower. With respect to security loans collateralized by cash collateral, the earnings from the collateral investments are shared among the Fund, the security lending agent and the borrower. The Fund records security lending income net of allocations to the security lending agent and the borrower.

The Collective Trust used for the investment of cash collateral received from borrowers of securities seeks to maintain a net asset value per unit of $1.00, but there can be no assurance that it will always be able to do so. The Fund may incur investment losses as a result of investing securities lending collateral in the Collective Trust or another collateral investment pool. This could occur if an investment in a collateral investment pool defaulted or if it were necessary to liquidate assets in the collateral investment pool to meet returns on outstanding security loans at a time when the collateral investment pool’s net asset value per unit was less than $1.00. Under those circumstances, the Fund may not receive an amount from the collateral investment pool that is equal in amount to the collateral the Fund would be required to return to the borrower of the securities and the Fund would be required to make up for this shortfall.

At May 31, 2013, the value of securities on loan was $14,563,845, for which the Fund received collateral, comprised of non-cash collateral valued at $478,845 and cash collateral of $14,756,041. At May 31, 2013, the value of invested collateral was $14,477,368. These investments are presented on the statement of net assets under the caption “Securities Lending Collateral”.

8. Credit and Market Risk

The Fund borrows through its line of credit for purposes of leveraging. Leveraging may result in higher degrees of volatility because the Fund’s net asset value could be subject to fluctuations in short-term interest rates and changes in market value of portfolio securities attributable to the leverage.

Some countries in which the Fund may invest require governmental approval for the repatriation of investment income, capital or the proceeds of sales of securities by foreign investors. In addition, if there is deterioration in a country’s balance of payments or for other reasons, a country may impose temporary restrictions on foreign capital remittances abroad.

28



The securities exchanges of certain foreign markets are substantially smaller, less liquid and more volatile than the major securities markets in the United States. Consequently, acquisition and disposition of securities by the Fund may be inhibited. In addition, a significant portion of the aggregate market value of securities listed on the major securities exchanges in emerging markets is held by a smaller number of investors. This may limit the number of shares available for acquisition or disposition by the Fund.

The Fund invests in high yield fixed income securities, which are securities rated BB or lower by Standard & Poor’s and Ba or lower by Moody’s Investors Service, or similarly rated by another nationally recognized statistical rating organization. Investments in these higher yielding securities are generally accompanied by a greater degree of credit risk than higher rated securities. Additionally, lower rated securities may be more susceptible to adverse economic and competitive industry conditions than investment-grade securities.

The Fund invests in certain obligations held by the Fund that may have liquidity protection to ensure that the receipt of payments due on the underlying security is timely. Such protection may be provided through guarantees, insurance policies or letter of credit obtained by the issuer or sponsor through third parties, through various means of structuring the transaction or through a combination of such approaches. The Fund will not pay any additional fees for such credit support, although the existence of credit support may increase the price of a security.

The Fund invests in fixed income securities whose value is derived from an underlying pool of mortgages or consumer loans. The value of these securities is sensitive to changes in economic conditions, including delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates. Investors receive principal and interest payments as the underlying mortgages and consumer loans are paid back. Some of these securities are collateralized mortgage obligations (CMOs). CMOs are debt securities issued by U.S. government agencies or by financial institutions and other mortgage lenders, which are collateralized by a pool of mortgages held under an indenture. Prepayment of mortgages may shorten the stated maturity of the obligations and can result in a loss of premium, if any has been paid. Certain of these securities may be stripped (securities which provide only the principal or interest feature of the underlying security). The yield to maturity on an interest-only CMO is extremely sensitive not only to changes in prevailing interest rates, but also to the rate of principal payments (including prepayments) on the related underlying mortgage assets. A rapid rate of principal payments may have a material adverse effect on the Fund’s yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Fund may fail to fully recoup its initial investment in these securities even if the securities are rated in the highest rating categories.

The Fund invests in REITs and is subject to the risks associated with that industry. If the Fund holds real estate directly as a result of defaults or receives rental income directly from real estate holdings, its tax status as a regulated investment company may be jeopardized. There were no direct real estate holdings during the six months ended May 31, 2013. The Fund’s REIT holdings are also affected by interest rate changes, particularly if the REITs it holds use floating rate debt to finance their ongoing operations.

The Fund may invest up to 10% of its net assets in illiquid securities, which may include securities with contractual restrictions on resale, securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and other securities which may not be readily marketable. The relative illiquidity of these securities may impair the Fund from disposing of them in a timely manner and at a fair price when it is necessary or desirable to do so. While maintaining oversight, the Fund’s Board has delegated to DMC, the day-to-day functions of determining whether individual securities are liquid for purposes of the Fund’s limitation on investments in illiquid securities. Securities eligible for resale pursuant to Rule 144A, which are determined to be liquid, are not subject to the 10% limit on investments in illiquid securities. Rule 144A and illiquid securities have been identified on the statement of net assets.

9. Contractual Obligations

The Fund enters into contracts in the normal course of business that contain a variety of indemnifications. The Fund’s maximum exposure under these arrangements is unknown. However, the Fund has not had prior claims or losses pursuant to these contracts. Management has reviewed the Fund’s existing contracts and expects the risk of loss to be remote.

10. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to May 31, 2013 that would require recognition or disclosure in the Fund’s financial statements.

29



Other Fund information
(Unaudited)

Delaware Enhanced Global Dividend and Income Fund

Changes to portfolio management team

Paul A. Matlack, Craig C. Dembek, and John P. McCarthy were appointed co-portfolio managers of the Fund on December 4, 2012. Messrs. Matlack, Dembek, and McCarthy joined Babak “Bob” Zenouzi, Damon J. Andres, Wayne A. Anglace, Liu-Er Chen, Thomas H. Chow, Roger A. Early, Edward A. “Ned” Gray, and D. Tysen Nutt in making day-to-day decisions for the Fund.

On December 4, 2012, the Fund announced that Kevin P. Loome would no longer serve as a co-portfolio manager of the Fund.

Fund management

Babak “Bob” Zenouzi
Senior Vice President, Chief Investment Officer — Real Estate Securities and Income Solutions (RESIS)

Bob Zenouzi is the lead manager for the real estate securities and income solutions (RESIS) group at Delaware Investments, which includes the team, its process, and its institutional and retail products, which he created during his prior time with the firm. He also focuses on opportunities in Japan, Singapore, and Malaysia for the firm’s global REIT product. Additionally, he serves as lead portfolio manager for the firm’s Dividend Income products, which he helped to create in the 1990s. He is also a member of the firm’s asset allocation committee, which is responsible for building and managing multi-asset class portfolios. He rejoined Delaware Investments in May 2006 as senior portfolio manager and head of real estate securities. In his first term with the firm, he spent seven years as an analyst and portfolio manager, leaving in 1999 to work at Chartwell Investment Partners, where from 1999 to 2006 he was a partner and senior portfolio manager on Chartwell’s Small-Cap Value portfolio. He began his career with The Boston Company, where he held several positions in accounting and financial analysis. Zenouzi earned a master’s degree in finance from Boston College and a bachelor’s degree from Babson College. He is a member of the National Association of Real Estate Investment Trusts and the Urban Land Institute.

Damon J. Andres, CFA
Vice President, Senior Portfolio Manager

Damon J. Andres, who joined Delaware Investments in 1994 as an analyst, currently serves as a portfolio manager for the firm’s real estate securities and income solutions (RESIS) group. He also serves as a portfolio manager for the firm’s Dividend Income products. From 1991 to 1994, he performed investment-consulting services as a consulting associate with Cambridge Associates. Andres earned a bachelor’s degree in business administration with an emphasis in finance and accounting from the University of Richmond.

Wayne A. Anglace, CFA
Vice President, Senior Portfolio Manager

Wayne A. Anglace currently serves as a senior portfolio manager for the firm’s convertible bond strategies. Prior to joining the firm in March 2007 as a research analyst and trader, he spent more than two years as a research analyst at Gartmore Global Investments for its convertible bond strategy. From 2000 to 2004, Anglace worked in private client research at Deutsche Bank Alex. Brown in Baltimore where he focused on equity research, and he started his financial services career with Ashbridge Investment Management in 1999. Prior to moving to the financial industry, Anglace worked as a professional civil engineer. He earned his bachelor’s degree in civil engineering from Villanova University and an MBA with a concentration in finance from Saint Joseph’s University, and he is a member of the CFA Society of Philadelphia.

30



Liu-Er Chen, CFA
Senior Vice President, Chief Investment Officer — Emerging Markets and Healthcare

Liu-Er Chen heads the firm’s global Emerging Markets team, and he is also the portfolio manager for Delaware Healthcare Fund, which launched in September 2007. Prior to joining Delaware Investments in September 2006 in his current position, he spent nearly 11 years at Evergreen Investment Management Company, where he most recently worked as managing director and senior portfolio manager. He co-managed the Evergreen Emerging Markets Growth Fund from 1999 to 2001, and became the Fund’s sole manager in 2001. He was also the sole manager of the Evergreen Health Care Fund since its inception in 1999. Chen began his career at Evergreen in 1995 as an analyst covering Asian and global healthcare stocks, before being promoted to portfolio manager in 1998. Prior to his career in asset management, Chen worked for three years in sales, marketing, and business development for major American and European pharmaceutical and medical device companies. He is licensed to practice medicine in China and has experience in medical research at both the Chinese Academy of Sciences and Cornell Medical School. He holds an MBA with a concentration in management from Columbia Business School.

Thomas H. Chow, CFA
Senior Vice President, Senior Portfolio Manager

Thomas H. Chow is a member of the firm’s taxable fixed income portfolio management team, with primary responsibility for portfolio construction and strategic asset allocation in credit exposures. He is the lead portfolio manager for Delaware Corporate Bond Fund and Delaware Extended Duration Bond Fund, as well as several institutional mandates. His experience includes significant exposure to asset liability management strategies, and credit risk opportunities including high yield mutual funds and strategies. Prior to joining Delaware Investments in 2001 as a portfolio manager working on the Lincoln General Account, he was a trader of high grade and high yield securities, and was involved in the portfolio management of high yield collateralized bond obligations (CBOs) and insurance portfolios at SunAmerica/AIG from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997. Chow received a bachelor’s degree in business analysis from Indiana University, and he is a Fellow of Life Management Institute.

Craig C. Dembek, CFA
Senior Vice President, Co-Head of Credit Research, Senior Research Analyst

Craig C. Dembek is a senior research analyst on the firm’s taxable fixed income team with primary responsibility for banks, brokers, insurance companies, and real estate investment trusts (REITs), as well as oversight for other sectors. He rejoined the firm in March 2007. During his previous time at Delaware Investments, from April 1999 to January 2001, he was a senior investment grade credit analyst. Most recently, he spent four years at Chartwell Investment Partners as a senior fixed income analyst and Turner Investment Partners as a senior fixed income analyst and portfolio manager. Dembek also spent two years at Stein, Roe & Farnham as a senior fixed income analyst. Earlier in his career, he worked for two years as a lead bank analyst at the Federal Reserve Bank of Boston. Dembek earned a bachelor’s degree in finance from Michigan State University and an MBA with a concentration in finance from the University of Vermont.

Roger A. Early, CPA, CFA, CFP
Senior Vice President, Co-Chief Investment Officer — Total Return Fixed Income Strategy

Roger A. Early rejoined Delaware Investments in March 2007 as a member of the firm’s taxable fixed income portfolio management team, with primary responsibility for portfolio construction and strategic asset allocation. During his previous time at the firm, from 1994 to 2001, he was a senior portfolio manager in the same area, and he left Delaware Investments as head of its U.S. investment grade fixed income group. In recent years, Early was a senior portfolio manager at Chartwell Investment Partners and Rittenhouse Financial and was the chief investment officer for fixed income at Turner Investments. Prior to joining Delaware Investments in 1994, he worked for more than 10 years at Federated Investors where he managed more than $25 billion in mutual fund and institutional portfolios in the short-term and investment grade markets. He left the firm as head of institutional fixed income management. Earlier in his career, he held management positions with the Federal Reserve Bank, PNC Financial, Touche Ross, and Rockwell International. Early earned his bachelor’s degree in economics from The Wharton School of the University of Pennsylvania and an MBA with concentrations in finance and accounting from the University of Pittsburgh. He is a member of the CFA Society of Philadelphia.

(continues)       31



Other Fund information
(Unaudited)

Delaware Enhanced Global Dividend and Income Fund

Fund management (continued)

Edward A. “Ned” Gray, CFA
Senior Vice President, Chief Investment Officer — Global and International Value Equity

Ned Gray manages the Global and International Value Equity strategies and has worked with the investment team for more than 20 years. Prior to joining Delaware Investments in June 2005 in his current position, Gray worked with the team as a portfolio manager at Arborway Capital and Thomas Weisel Partners. At ValueQuest/TA, which he joined in 1987, Gray was a senior investment professional with responsibilities for portfolio management, security analysis, quantitative research, performance analysis, global research, back office/investment information systems integration, trading, and client and consultant relations. Prior to ValueQuest, he was a research analyst at the Center for Competitive Analysis. Gray received his bachelor’s degree in history from Reed College and a master of arts in law and diplomacy, in international economics, business and law from Tufts University’s Fletcher School of Law and Diplomacy.

Paul A. Matlack, CFA
Senior Vice President, Senior Portfolio Manager, Fixed Income Strategist

Paul A. Matlack is a strategist and senior portfolio manager for the firm’s fixed income team. Matlack rejoined the firm in May 2010. During his previous time at Delaware Investments, from September 1989 to October 2000, he was senior credit analyst, senior portfolio manager, and left the firm as co-head of the high yield group. Most recently, he worked at Chartwell Investment Partners from September 2003 to April 2010 as senior portfolio manager in fixed income, where he managed core, core plus, and high yield strategies. Prior to that, Matlack held senior roles at Turner Investment Partners, PNC Bank, and Mellon Bank. He earned a bachelor’s degree in international relations from the University of Pennsylvania and an MBA with a concentration in finance from George Washington University.

John P. McCarthy, CFA
Senior Vice President, Co-Head of Credit Research, Senior Research Analyst

John P. McCarthy is a senior research analyst on the firm’s taxable fixed income team, responsible for industrials, autos, auto parts, metals, and mining. He rejoined Delaware Investments in March 2007 after he worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader, and from 2001 to 2002 as a municipal bond trader. Most recently, he was a senior high yield analyst/trader at Chartwell Investment Partners. McCarthy earned a bachelor’s degree in business administration from Babson College, and he is a member of the CFA Society of Philadelphia.

D. Tysen Nutt Jr.
Senior Vice President, Senior Portfolio Manager, Team Leader

D. Tysen Nutt Jr. is senior portfolio manager and team leader for the firm’s Large-Cap Value team. Before joining Delaware Investments in 2004 as senior vice president and senior portfolio manager, Nutt led the U.S. Active Large-Cap Value team within Merrill Lynch Investment Managers, where he managed mutual funds and separate accounts for institutions and private clients. He departed Merrill Lynch Investment Managers as a managing director. Prior to joining Merrill Lynch Investment Managers in 1994, Nutt was with Van Deventer & Hoch where he managed large-cap value portfolios for institutions and private clients. He began his investment career at Dean Witter Reynolds, where he eventually became vice president, investments. Nutt earned his bachelor’s degree from Dartmouth College, and he is a member of the New York Society of Security Analysts and the CFA Institute.

32



About the organization

This semiannual report is for the information of Delaware Enhanced Global Dividend and Income Fund shareholders. The figures in this report represent past results that are not a guarantee of future results. The return and principal value of an investment in the Fund will fluctuate so that shares, when sold, may be worth more or less than their original cost.

Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940 that the Fund may, from time to time, purchase shares of its common stock on the open market at market prices.

Board of Directors
Affiliated officers
     
Patrick P. Coyne
Chairman, President,
and Chief Executive Officer
Delaware Investments® Family of Funds
Philadelphia, PA

Thomas L. Bennett
Private Investor
Rosemont, PA

Joseph W. Chow
Former Executive Vice President
State Street Corporation
Brookline, MA

John A. Fry
President
Drexel University
Philadelphia, PA

Anthony D. Knerr
Founder and Managing Director
Anthony Knerr & Associates
New York, NY

Lucinda S. Landreth
Former Chief Investment Officer
Assurant, Inc.
Philadelphia, PA

Frances A. Sevilla-Sacasa
Chief Executive Officer
Banco Itaú Europa
International
Miami, FL

Thomas K. Whitford
Former Vice Chairman
PNC Financial Services Group
Pittsburgh, PA

Janet L. Yeomans
Former Vice President and Treasurer
3M Corporation
St. Paul, MN

J. Richard Zecher
Founder
Investor Analytics
Scottsdale, AZ

David F. Connor
Senior Vice President, Deputy General
Counsel, and Secretary
Delaware Investments Family of Funds
Philadelphia, PA

Daniel V. Geatens
Vice President and Treasurer
Delaware Investments Family of Funds
Philadelphia, PA
 
David P. O’Connor
Executive Vice President, General Counsel,
and Chief Legal Officer
Delaware Investments Family of Funds
Philadelphia, PA
 
Richard Salus
Senior Vice President and
Chief Financial Officer
Delaware Investments Family of Funds
Philadelphia, PA
 

The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q, as well as a description of the policies and procedures that the Fund uses to determine how to vote proxies (if any) relating to portfolio securities are available without charge (i) upon request, by calling 866 437-0252; (ii) on the Fund’s website at delawareinvestments.com; and (iii) on the SEC’s website at sec.gov. The Fund’s Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC; information on the operation of the Public Reference Room may be obtained by calling 800 SEC-0330.

Information (if any) regarding how the Fund voted proxies relating to portfolio securities during the most recently disclosed 12-month period ended June 30 is available without charge (i) through the Fund’s website at delawareinvestments.com; and (ii) on the SEC’s website at sec.gov.

 
Investment manager
Delaware Management Company
a series of Delaware Management
Business Trust
Philadelphia, PA
 
Principal office of the Fund
2005 Market Street
Philadelphia, PA 19103-7094
 
Independent registered public
accounting firm
PricewaterhouseCoopers LLP
Two Commerce Square
Suite 1700
2001 Market Street
Philadelphia, PA 19103-7042
 
Registrar and stock transfer
agent

Computershare Shareowner Services LLC
480 Washington Blvd.
Jersey City, NJ 07310
866 437-0252
 
Website
delawareinvestments.com
 
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.
 
Your reinvestment options
Delaware Enhanced Global Dividend and Income Fund offers an automatic dividend reinvestment program. If you would like to change your reinvestment option, and shares are registered in your name, contact Computershare Shareowner Services LLC at 866 437-0252. You will be asked to put your request in writing. If you have shares registered in “street” name, contact the broker/dealer holding the shares or your financial advisor.

Audit committee member

33


Item 2. Code of Ethics

     Not applicable.

Item 3. Audit Committee Financial Expert

     Not applicable.

Item 4. Principal Accountant Fees and Services

     Not applicable.

Item 5. Audit Committee of Listed Registrants

     Not applicable.

Item 6. Investments

     (a) Included as part of report to shareholders filed under Item 1 of this Form N-CSR.

     (b) Divestment of securities in accordance with Section 13(c) of the Investment Company Act of 1940.

     Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

     Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

     Applicable to Form N-CSRs filed after fiscal years ending on or after December 31, 2005.

     Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Companies and Affiliated Purchasers

     Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders

     Not applicable.

Item 11. Controls and Procedures

     The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

     There were no significant changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by the report to stockholders included herein (i.e., the registrant’s second fiscal quarter) that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.



Item 12. Exhibits
 
(a)  (1)  Code of Ethics 
 
Not applicable.
 
(2) Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Rule 30a-2 under the Investment Company Act of 1940 are attached hereto as Exhibit 99.CERT.
 
(3) Written solicitations to purchase securities pursuant to Rule 23c-1 under the Securities Exchange Act of 1934.
 
Not applicable.
 
(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are furnished herewith as Exhibit 99.906CERT.



SIGNATURES
 
     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf, by the undersigned, thereunto duly authorized.
 
Name of Registrant: DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND
 
/s/ PATRICK P. COYNE
By: Patrick P. Coyne
Title:   Chief Executive Officer
Date: August 2, 2013

     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
/s/ PATRICK P. COYNE
By: Patrick P. Coyne
Title:   Chief Executive Officer
Date: August 2, 2013
 
/s/ RICHARD SALUS
By: Richard Salus
Title: Chief Financial Officer
Date: August 2, 2013