Edgar Filing: Delaware Enhanced Global Dividend & Income Fund

deenhanglobdiv_ncsr.htm

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, 2011

Item 1. Reports to Stockholders





Semiannual Report	Delaware Enhanced Global Dividend and Income Fund

	May 31, 2011









	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/country allocations	1

	Statement of net assets	3

	Statement of operations	19

	Statements of changes in net assets	20

	Statement of cash flows	21

	Financial highlights	22

	Notes to financial statements	23

	Other Fund information	31

	About the organization	35

Unless otherwise noted, views expressed herein are current as of May 31, 2011, 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.

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

Security type/sector/country allocations

Delaware Enhanced Global Dividend and Income Fund
As of May 31, 2011

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	54.27	%
Consumer Discretionary	5.39	%
Consumer Staples	5.75	%
Diversified REITs	0.62	%
Energy	4.30	%
Financials	6.42	%
Healthcare	6.55	%
Healthcare REITs	0.12	%
Hotel REITs	0.13	%
Industrial REITs	0.99	%
Industrials	7.93	%
Information Technology	4.45	%
Mall REITs	0.46	%
Manufactured Housing REIT	0.08	%
Materials	2.89	%
Mixed REIT	0.29	%
Mortgage REITs	0.09	%
Multifamily REITs	0.22	%
Office REITs	0.59	%
Real Estate Management & Development	0.35	%
Self-Storage REIT	0.04	%
Shopping Center REITs	0.83	%
Single Tenant REIT	0.14	%
Telecommunications	3.75	%
Utilities	1.89	%
Convertible Preferred Stock	2.59	%
Agency Collateralized Mortgage Obligations	0.24	%
Agency Mortgage-Backed Securities	1.54	%
Commercial Mortgage-Backed Securities	1.16	%
Convertible Bonds	10.37	%
Aerospace & Defense	0.29	%
Auto Parts & Equipment	0.32	%
Banking, Finance & Insurance	0.48	%
Basic Materials	0.55	%
Cable, Media & Publishing	0.15	%
Computers & Technology	2.11	%
Energy	0.41	%
Healthcare & Pharmaceuticals	1.78	%
Leisure, Lodging & Entertainment	0.75	%
Machinery	0.11	%
Real Estate	0.94	%
Telecommunications	2.48	%
Corporate Bonds	33.65	%
Banking	1.09	%
Basic Industry	3.21	%
Brokerage	0.34	%
Capital Goods	2.95	%
Consumer Cyclical	3.67	%
Consumer Non-Cyclical	2.91	%
Energy	5.32	%
Finance & Investments	1.68	%
Media	2.50	%
Real Estate	0.42	%
Services Cyclical	2.43	%
Services Non-Cyclical	1.06	%
Technology	1.43	%
Telecommunications	3.90	%
Utilities	0.74	%
Non-Agency Asset-Backed Securities	0.15	%
Non-Agency Collateralized Mortgage Obligations	0.19	%
Senior Secured Loans	0.79	%
Sovereign Bonds	4.92	%
Supranational Bank	0.67	%
U.S. Treasury Obligations	0.28	%
Leveraged Non-Recourse Security	0.00	%
Residual Interest Trust Certificate	0.00	%
Exchange-Traded Fund	2.61	%
Preferred Stock	0.83	%
Short-Term Investments	5.53	%
Securities Lending Collateral	18.74	%
Total Value of Securities	138.53	%
Obligation to Return Securities Lending Collateral	(18.92	%)
Borrowing Under Line of Credit	(22.63	%)
Receivables and Other Assets Net of Other Liabilities	3.02	%
Total Net Assets	100.00	%

(continues) 1

Security type/sector/country allocations

Delaware Enhanced Global Dividend and Income Fund

	Percentage
Country	of Net Assets
Australia	1.01	%
Barbados	0.18	%
Belgium	0.01	%
Bermuda	0.38	%
Brazil	1.20	%
Canada	2.52	%
Cayman Islands	0.56	%
Chile	0.68	%
China	0.74	%
Colombia	0.61	%
Croatia	0.17	%
France	7.99	%
Germany	2.01	%
Hong Kong	0.99	%
Indonesia	1.18	%
Ireland	0.55	%
Israel	0.64	%
Italy	1.89	%
Japan	3.30	%
Luxembourg	1.43	%
Mexico	0.70	%
Netherlands	1.60	%
Panama	0.61	%
Peru	0.23	%
Philippines	0.61	%
Poland	0.62	%
Qatar	0.17	%
Republic of Korea	0.44	%
Russia	0.84	%
Singapore	0.88	%
Supranational	0.67	%
Spain	1.33	%
Sweden	1.39	%
Switzerland	1.41	%
Taiwan	0.88	%
Turkey	0.11	%
United Kingdom	4.12	%
United States	69.36	%
Uruguay	0.25	%
Total	114.26	%

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 7 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.

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund
May 31, 2011 (Unaudited)

		Number of	Value
		Shares	(U.S. $)
Common Stock – 54.27%v
Consumer Discretionary – 5.39%
	Bayerische Motoren Werke	9,381	$	832,249
†	DIRECTV Class A	1,900		95,494
*	Don Quijote	14,500		506,829
*	Genuine Parts	13,100		717,880
	Home Depot	15,700		569,596
	Hyundai Department Store	3,546		604,247
	Mattel	25,800		680,991
*	PPR	3,440		600,292
*	Publicis Groupe	10,729		591,128
	Sumitomo Rubber Industries	12,409		143,765
*	Techtronic Industries	537,000		657,999
	Toyota Motor	33,284		1,390,824
	Vivendi	41,336		1,157,660
*	Yue Yuen Industrial Holdings	280,500		975,483
				9,524,437
Consumer Staples – 5.75%
*	Aryzta	23,314		1,297,068
	Coca-Cola Amatil	41,168		517,867
	ConAgra Foods	41,700		1,060,431
	Greggs	100,081		867,370
	Heinz (H.J.)	18,900		1,037,988
	Kimberly-Clark	15,400		1,051,820
	Kraft Foods Class A	30,600		1,070,082
	Lorillard	9,000		1,037,520
	Metro	13,726		917,013
	Parmalat	354,438		1,314,691
				10,171,850
Diversified REITs – 0.62%
	Cyrela Brazil Realty	4,100		43,919
*	Duke Realty	8,600		129,344
*	Entertainment Properties Trust	8,236		400,104
	Lexington Reality Trust	28,070		264,981
	Stockland	70,059		264,445
				1,102,793
Energy – 4.30%
	Chevron	6,500		681,915
	CNOOC	415,000		1,042,010
	ConocoPhillips	10,900		798,098
	Petroleo Brasileiro ADR	30,900		965,934
*	Royal Dutch Shell ADR	14,300		1,034,176
	Spectra Energy	37,600		1,037,384
*	Total	19,083		1,102,015
*	Total ADR	16,400		944,476
				7,606,008
Financials – 6.42%
	Allstate	32,500		1,019,850
*	AXA	60,009		1,286,569
	Banco Santander	60,743		723,790
	BB&T	19,100		526,014
*	Fifth Street Finance	26,754		329,877
	Gallagher (Arthur J.)	28,900		829,719
	Marsh & McLennan	23,300		714,611
*	Mitsubishi UFJ Financial Group	190,989		880,525
	Nordea Bank	90,500		1,063,284
	Solar Capital	43,539		1,077,590
	Standard Chartered	38,931		1,045,174
	Travelers	14,300		887,744
	UniCredit	420,721		959,653
				11,344,400
Healthcare – 6.55%
	Abbott Laboratories	14,900		778,525
*†	Alliance HealthCare Services	6,522		28,240
	Baxter International	9,400		559,488
	Bristol-Myers Squibb	33,700		969,212
	Johnson & Johnson	14,000		942,060
*	Meda Class A	124,711		1,392,279
	Merck	37,400		1,374,450
	Novartis	18,471		1,191,486
	Pfizer	53,944		1,157,099
*	Sanofi	14,228		1,128,092
*	Sanofi ADR	23,100		914,991
	Teva Pharmaceutical
	Industries ADR	22,300		1,135,070
				11,570,992
Healthcare REITs – 0.12%
	Cogdell Spencer	15,000		90,000
	Nationwide Health Properties	2,800		122,640
				212,640
Hotel REITs – 0.13%
	Ashford Hospitality Trust	4,500		64,215
	DiamondRock Hospitality	15,000		172,500
				236,715
Industrial REITs – 0.99%
	Cambridge Industrial Trust	1,170,000		474,221
	DCT Industrial Trust	16,877		95,524
*†	First Industrial Realty Trust	47,109		592,631
	Goodman Group	247,237		194,229
	STAG Industrial	31,263		397,040
				1,753,645
Industrials – 7.93%
	Alstom	18,889		1,173,101
	Asahi Glass	58,000		685,308
	Compaigne de Saint-Gobain	15,228		1,010,342
	Deutsche Post	77,364		1,459,822
*	Finmeccanica	85,107		1,062,105
†	Flextronics International	6,400		46,336
	ITOCHU	116,398		1,204,155
	Koninklijke Philips Electronics	32,279		898,775
*†	Mobile Mini	2,394		53,865

(continues) 3

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Number of	Value
		Shares	(U.S. $)
Common Stock (continued)
Industrials (continued)
*	Northrop Grumman	11,200	$	731,248
	Raytheon	21,100		1,063,018
	Singapore Airlines	90,000		1,033,677
*	Teleperformance	39,480		1,352,034
	Vallourec	9,466		1,189,285
*	Waste Management	27,200		1,057,536
				14,020,607
Information Technology – 4.45%
	Automatic Data Processing	16,400		903,804
	Canon ADR	15,600		748,488
†	CGI Group Class A	107,484		2,477,627
	HTC	36,450		1,557,561
	Intel	53,100		1,195,281
	Microsoft	30,300		757,803
†	Sohu.com	2,800		225,764
				7,866,328
Mall REITs – 0.46%
	General Growth Properties	12,763		210,334
	Simon Property Group	5,095		601,516
				811,850
Manufactured Housing REIT – 0.08%
	Equity Lifestyle Properties	2,300		135,125
				135,125
Materials – 2.89%
	ArcelorMittal	16,161		541,003
	duPont (E.I.) deNemours	11,000		586,300
*	Lafarge	15,702		1,087,332
	MeadWestvaco	18,900		642,978
	Rexam	193,041		1,274,161
	Rio Tinto	14,011		976,259
				5,108,033
Mixed REIT – 0.29%
*	Digital Realty Trust	8,300		517,671
				517,671
Mortgage REITs – 0.09%
*	Chimera Investment	12,100		47,311
*	Cypress Sharpridge Investments	8,200		105,288
				152,599
Multifamily REITs – 0.22%
	Camden Property Trust	4,469		287,268
*	Investors Real Estate Trust	10,260		99,419
				386,687
Office REITs – 0.59%
@	Alstria Office REIT	9,710		152,141
*	Government Properties
	Income Trust	3,852		102,001
	Mack-Cali Realty	8,300		293,488
	Orix JREIT	17		92,025
	Parkway Properties	3,500		64,260
	SL Green Realty	3,679		331,147
				1,035,062
Real Estate Management & Development – 0.35%
	Mitsubishi Estate	10,549		188,439
*	Renhe Commercial Holdings	264,000		47,220
	Starwood Property Trust	17,700		384,798
				620,457
Self-Storage REIT – 0.04%
	Extra Space Storage	3,455		75,181
				75,181
Shopping Center REITs – 0.83%
∏	Charter Hall Retail REIT	71,117		254,011
	Corio	2,648		181,893
*	Kimco Realty	8,157		159,143
	Link REIT	33,000		112,286
*	Ramco-Gershenson
	Properties Trust	13,783		181,109
	Regency Centers	900		41,679
	Unibail-Rodamco	1,399		316,368
	Westfield Group	16,989		165,117
	Westfield Retail Trust	21,112		60,019
				1,471,625
Single Tenant REIT – 0.14%
*	National Retail Properties	9,337		240,708
				240,708
Telecommunications – 3.75%
	AT&T	33,500		1,057,260
	CenturyLink	17,100		738,549
*	Frontier Communications	65,000		575,250
†	GeoEye	500		16,585
	Mobile TeleSystems ADR	38,300		776,341
†	NII Holdings	25,100		1,095,866
	Telefonica	44,444		1,080,572
	Verizon Communications	18,100		668,433
	Vodafone Group	221,417		615,633
				6,624,489
Utilities – 1.89%
	Edison International	13,300		523,488
	National Grid	105,742		1,091,643
*	National Grid ADR	14,000		728,140
	NorthWestern	3,800		125,666
	Progress Energy	18,400		876,208
				3,345,145
Total Common Stock (cost $87,765,157)				95,935,047

Convertible Preferred Stock – 2.59%
Auto Parts & Equipment – 0.12%
	Goodyear Tire & Rubber 5.875%
	exercise price $18.21,
	expiration date 4/1/14	3,750		221,016
				221,016

		Number of	Value
		Shares	(U.S. $)
Convertible Preferred Stock (continued)
Banking, Finance & Insurance – 0.81%
	Aspen Insurance Holdings
	5.625% exercise price $29.28,
	expiration date 12/31/49	5,024	$	270,354
*	Bank of America 7.25%
	exercise price $50.00,
	expiration date 12/31/49	412		430,642
	Citigroup 7.50%
	exercise price $39.38,
	expiration date 12/15/12	3,440		414,520
	MetLife 5.00%
	exercise price $44.27,
	expiration date 9/11/13	3,810		315,125
				1,430,641
Computers & Technology – 0.04%
*	Unisys 6.25%
	exercise price $45.66,
	expiration date 3/1/14	800		65,700
				65,700
Energy – 0.74%
*	Apache 6.00%
	exercise price $109.12,
	expiration date 8/1/13	3,100		206,243
*#	Chesapeake Energy 144A
	5.75% exercise price $27.94,
	expiration date 12/31/49	400		530,500
	SandRidge Energy 8.50%
	exercise price $8.01,
	expiration date 12/31/49	3,485		568,926
				1,305,669
Healthcare & Pharmaceuticals – 0.32%
	HealthSouth 6.50%
	exercise price $30.50,
	expiration date 12/31/49	479		565,340
				565,340
Telecommunications – 0.56%
	Lucent Technologies
	Capital Trust I 7.75%
	exercise price $24.80,
	expiration date 3/15/17	1,000		990,000
				990,000
Total Convertible Preferred Stock
	(cost $4,154,445)			4,578,366

		Principal
		Amount°
Agency Collateralized Mortgage Obligations – 0.24%
	Fannie Mae REMICs
	Series 2001-50 BA
	7.00% 10/25/41	USD	130,616	150,932
	Series 2003-122
	4.50% 2/25/28		64,478	66,933
	Freddie Mac REMICs
	Series 2557 WE
	5.00% 1/15/18		60,000	66,252
	Series 3131 MC
	5.50% 4/15/33		40,000	43,572
	Series 3173 PE
	6.00% 4/15/35		65,000	72,470
	Series 3337 PB
	5.50% 7/15/30		24,563	24,952
Total Agency Collateralized
	Mortgage Obligations (cost $385,612)			425,111

Agency Mortgage-Backed Securities – 1.54%
•	Fannie Mae ARM
	2.572% 4/1/36		14,338	15,055
	5.031% 3/1/38		29,806	31,891
	5.141% 11/1/35		18,559	19,782
	5.997% 10/1/36		8,296	8,824
	6.013% 10/1/36		14,499	15,393
	6.264% 4/1/36		71,128	77,018
	Fannie Mae S.F. 15 yr
	4.00% 7/1/25		122,580	127,993
	4.00% 8/1/25		169,716	177,211
	4.00% 11/1/25		178,412	186,625
	5.50% 1/1/23		41,942	45,512
	Fannie Mae S.F. 30 yr
	5.00% 12/1/36		144,755	154,818
	5.00% 12/1/37		17,146	18,284
	5.00% 2/1/38		13,243	14,116
	6.50% 6/1/36		29,915	33,855
	6.50% 10/1/36		20,052	22,676
	6.50% 12/1/37		34,872	39,587
	Freddie Mac 6.00% 1/1/17		37,263	39,568
•	Freddie Mac ARM
	5.619% 7/1/36		15,077	15,839
	5.801% 10/1/36		35,635	38,399
	Freddie Mac S.F. 15 yr
	5.00% 6/1/18		16,024	17,214
	5.00% 12/1/22		85,139	91,701
	Freddie Mac S.F. 30 yr
	5.00% 1/1/34		730,777	782,517
	7.00% 11/1/33		45,816	52,990
	9.00% 9/1/30		52,496	62,573
	GNMA I S.F. 30 yr
	7.50% 12/15/23		92,310	109,545
	7.50% 1/15/32		73,515	86,195
	9.50% 9/15/17		70,202	81,665
	12.00% 5/15/15		38,679	44,251
	GNMA II S.F. 30 yr
	6.00% 11/20/28		82,794	92,125
	6.50% 2/20/30		192,158	217,748
Total Agency Mortgage-Backed
	Securities (cost $2,506,039)			2,720,970

(continues) 5

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal		Value
		Amount°		(U.S. $)
Commercial Mortgage-Backed Securities – 1.16%
#	American Tower Trust 144A
	Series 2007-1A AFX
	5.42% 4/15/37	USD	75,000	$	80,839
	Bank of America
	Commercial Mortgage
	•Series 2004-3 A5
	5.441% 6/10/39		49,548		53,645
	Series 2004-5 A3
	4.561% 11/10/41		358,591		361,055
	Series 2005-1 A3
	4.877% 11/10/42		25,437		25,436
	•Series 2005-6 A4
	5.195% 9/10/47		180,000		198,132
	Bear Stearns Commercial
	Mortgage Securities
	•Series 2005-PW10 A4
	5.405% 12/11/40		100,000		110,262
	•Series 2006-PW12 A4
	5.722% 9/11/38		25,000		27,877
	Series 2007-PW15 A4
	5.331% 2/11/44		75,000		80,497
w•	Commercial Mortgage Pass
	Through Certificates
	Series 2005-C6 A5A
	5.116% 6/10/44		95,000		103,586
	Goldman Sachs Mortgage
	Securities II
	*•Series 2004-GG2 A6
	5.396% 8/10/38		60,000		65,346
	Series 2005-GG4 A4A
	4.751% 7/10/39		115,000		123,760
	•Series 2006-GG6 A4
	5.553% 4/10/38		60,000		65,403
•	JPMorgan Chase Commercial
	Mortgage Securities
	Series 2005-LDP3 A4A
	4.936% 8/15/42		35,000		38,018
•	LB-UBS Commercial
	Mortgage Trust
	Series 2004-C4 A4
	5.323% 6/15/29		475,000		514,480
•	Morgan Stanley Capital I
	Series 2007-T27 A4
	5.641% 6/11/42		160,000		179,835
#	Timberstar Trust
	Series 2006-1A A 144A
	5.668% 10/15/36		25,000		26,501
Total Commercial Mortgage-Backed
	Securities (cost $1,808,341)				2,054,672

Convertible Bonds – 10.37%
Aerospace & Defense – 0.29%
	AAR 1.75%
	exercise price $29.43,
	expiration date 2/1/26		462,000		507,045
					507,045
Auto Parts & Equipment – 0.32%
*	ArvinMeritor 4.00%
	exercise price $26.73,
	expiration date 2/15/27		583,000		569,883
					569,883
Banking, Finance & Insurance – 0.48%
#	Ares Capital 144A 5.75%
	exercise price $19.13,
	expiration date 2/1/16		225,000		236,250
*	Jefferies Group 3.875%
	exercise price $38.72,
	expiration date 11/1/29		615,000		624,225
					860,475
Basic Materials – 0.55%
#	Owens-Brockway Glass
	Container 144A 3.00%
	exercise price $47.47,
	expiration date 5/28/15		528,000		550,440
#	Sino-Forest 144A 5.00%
	exercise price $20.29,
	expiration date 8/1/13		377,000		426,953
					977,393
Cable, Media & Publishing – 0.15%
Φ	General Cable 4.50%
	exercise price $36.75,
	expiration date 11/15/29		196,000		268,520
					268,520
Computers & Technology – 2.11%
	Advanced Micro Devices 6.00%
	exercise price $28.08,
	expiration date 5/1/15		626,000		653,387
	Euronet Worldwide 3.50%
	exercise price $40.48,
	expiration date 10/15/25		900,000		904,499
*	Intel 3.25% exercise price $22.68,
	expiration date 8/1/39		338,000		420,810
	Linear Technology 3.00%
	exercise price $44.11,
	expiration date 5/1/27		850,000		921,187
	Rovi 2.625%
	exercise price $47.36,
	expiration date 2/15/40		326,000		449,473
*	SanDisk 1.50%
	exercise price $52.37,
	expiration date 8/15/17		327,000		375,233
					3,724,589

		Principal		Value
		Amount°		(U.S. $)
Convertible Bonds (continued)
Energy – 0.41%
	Peabody Energy 4.75%
	exercise price $58.31,
	expiration date 12/15/41	USD	245,000	$	309,925
	Transocean
	1.50% exercise price $166.65,
	expiration date 12/15/37		400,000		395,500
	*1.50% exercise price $166.65,
	expiration date 12/15/37		14,000		14,035
					719,460
Healthcare & Pharmaceuticals – 1.78%
	Alere 3.00%
	exercise price $43.98,
	expiration date 5/15/36		613,000		711,846
*	Amgen 0.375%
	exercise price $79.48,
	expiration date 2/1/13		510,000		517,650
*	Dendreon 2.875%
	exercise price $51.24,
	expiration date 1/15/16		331,000		377,340
ϕ	Hologic 2.00%
	exercise price $38.59,
	expiration date 12/15/37		910,000		892,938
	Medtronic 1.625%
	exercise price $54.00,
	expiration date 4/15/13		280,000		290,500
	Mylan 3.75%
	exercise price $13.32,
	expiration date 9/15/15		193,000		366,459
					3,156,733
Leisure, Lodging & Entertainment – 0.75%
#	Gaylord Entertainment
	144A 3.75%
	exercise price $27.25,
	expiration date 10/1/14		310,000		418,888
	Live Nation
	Entertainment 2.875%
	exercise price $27.14,
	expiration date 7/15/27		959,000		901,459
					1,320,347
Machinery – 0.11%
#	Altra Holdings 144A 2.75%
	exercise price $27.70,
	expiration date 3/1/31		165,000		191,606
					191,606
Real Estate – 0.94%
#	Digital Realty Trust 144A 5.50%
	exercise price $42.49,
	expiration date 4/15/29		380,000		576,888
*	Health Care REIT 3.00%
	exercise price $51.08,
	expiration date 12/1/29		574,000		651,490
#	Lexington Realty
	Trust 144A 6.00%
	exercise price $7.09,
	expiration date 1/15/30		305,000		431,575
					1,659,953
Telecommunications – 2.48%
#	Alaska Communications
	Systems Group 144A 6.25%
	exercise price $10.28,
	expiration date 5/1/18		459,000		462,443
#	Ciena 144A 3.75%
	exercise price $20.17,
	expiration date 10/15/18		318,000		488,925
#	Clearwire Communications
	144A 8.25%
	exercise price $7.08,
	expiration date 12/1/40		252,000		253,890
	Equinix 4.75%
	exercise price $84.32,
	expiration date 6/15/16		178,000		253,873
*	Leap Wireless
	International 4.50%
	exercise price $93.21,
	expiration date 7/15/14		710,000		698,462
	Level 3 Communications 6.50%
	exercise price $1.23,
	expiration date 10/1/16		200,000		403,750
	NII Holdings 3.125%
	exercise price $118.32,
	expiration date 6/15/12		700,000		703,499
	SBA Communications 4.00%
	exercise price $30.38,
	expiration date 10/1/14		378,000		545,738
*	VeriSign 3.25%
	exercise price $34.37,
	expiration date 8/15/37		480,000		571,799
					4,382,379
Total Convertible Bonds
	(cost $15,754,686)				18,338,383

Corporate Bonds – 33.65%
Banking – 1.09%
	Abbey National
	Treasury Services
	4.00% 4/27/16		30,000		30,194
	BAC Capital Trust VI
	5.625% 3/8/35		440,000		407,246
	Bank of America
	*5.625% 7/1/20		5,000		5,260
	6.50% 8/1/16		5,000		5,662
	City National
	5.25% 9/15/20		15,000		15,593
*	Fifth Third Bancorp
	3.625% 1/25/16		20,000		20,480
•	Fifth Third Capital Trust IV
	6.50% 4/15/37		270,000		270,000
	Goldman Sachs Group
	*3.625% 2/7/16		15,000		15,058
	5.375% 3/15/20		10,000		10,330
	6.25% 2/1/41		5,000		5,071

(continues) 7

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Banking (continued)
#•	HBOS Capital Funding 144A
	6.071% 6/29/49	USD	285,000	$	257,925
	JPMorgan Chase
	4.40% 7/22/20		20,000		19,856
	*4.625% 5/10/21		25,000		25,139
	JPMorgan Chase Capital XXV
	6.80% 10/1/37		55,000		56,421
	KeyCorp 5.10% 3/24/21		20,000		20,856
	PNC Funding
	5.125% 2/8/20		30,000		32,579
	5.25% 11/15/15		60,000		65,663
	5.625% 2/1/17		35,000		38,837
	Santander Holdings USA
	4.625% 4/19/16		10,000		10,304
	SunTrust Banks
	3.60% 4/15/16		5,000		5,125
•	SunTrust Capital VIII
	6.10% 12/15/36		420,000		417,132
	SVB Financial Group
	5.375% 9/15/20		25,000		25,363
	US Bancorp
	4.125% 5/24/21		20,000		20,130
•	USB Capital IX
	3.50% 10/29/49		80,000		67,390
	Wachovia
	•0.648% 10/15/16		10,000		9,515
	5.25% 8/1/14		20,000		21,789
	5.625% 10/15/16		35,000		39,133
	Wells Fargo 4.60% 4/1/21		10,000		10,259
•	Wells Fargo Capital XIII
	7.70% 12/29/49		5,000		5,163
					1,933,473
Basic Industry – 3.21%
*	AK Steel 7.625% 5/15/20		346,000		361,570
	Alcoa 6.75% 7/15/18		30,000		34,203
#	Algoma Acquisition 144A
	9.875% 6/15/15		248,000		232,500
#	APERAM 144A 7.75% 4/1/18		225,000		233,438
#	Appleton Papers 144A
	10.50% 6/15/15		188,000		200,220
	ArcelorMittal
	5.50% 3/1/21		25,000		25,232
	9.85% 6/1/19		25,000		32,250
#	Barrick North America
	Finance 144A
	4.40% 5/30/21		15,000		15,091
	5.70% 5/30/41		10,000		10,021
#	Corp Nacional de Cobre
	de Chile 144A
	3.75% 11/4/20		500,000		482,631
	Dow Chemical
	4.25% 11/15/20		6,000		5,958
	8.55% 5/15/19		34,000		44,343
	duPont (E.I.) de Nemours
	3.625% 1/15/21		5,000		4,928
#	FMG Resources
	August 2006 144A
	6.875% 2/1/18		90,000		94,500
	7.00% 11/1/15		180,000		188,100
	Georgia-Pacific
	8.00% 1/15/24		255,000		308,550
	#144A 5.40% 11/1/20		15,000		15,623
#	Headwaters 144A
	7.625% 4/1/19		265,000		259,700
*	Hexion US Finance
	9.00% 11/15/20		222,000		239,760
	International Coal Group
	9.125% 4/1/18		344,000		419,680
*	International Paper
	9.375% 5/15/19		30,000		39,476
*#	James River Escrow 144A
	7.875% 4/1/19		230,000		235,750
#	JMC Steel Group 144A
	8.25% 3/15/18		260,000		269,750
*#	Longview Fiber Paper &
	Packaging 144A
	8.00% 6/1/16		260,000		265,200
	Lyondell Chemical
	11.00% 5/1/18		325,000		367,656
#	MacDermid 144A
	9.50% 4/15/17		238,000		255,255
#	Millar Western Forest
	Products 144A
	8.50% 4/1/21		245,000		235,200
#	Momentive Performance
	Materials 144A
	9.00% 1/15/21		416,000		446,159
	Reliance Steel & Aluminum
	6.85% 11/15/36		9,000		9,125
	Ryerson
	•7.648% 11/1/14		141,000		143,644
	12.00% 11/1/15		166,000		179,695
	Teck Resources
	9.75% 5/15/14		13,000		15,889
					5,671,097
Brokerage – 0.34%
	E Trade Financial
	6.75% 6/1/16		100,000		100,500
	PIK 12.50% 11/30/17		331,000		399,682
	Jefferies Group
	6.25% 1/15/36		5,000		4,880
	6.45% 6/8/27		60,000		61,294
	Lazard Group
	6.85% 6/15/17		34,000		38,084
					604,440

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Capital Goods – 2.95%
#	Associated Materials
	144A 9.125% 11/1/17	USD	150,000	$	155,438
	Berry Plastics
	9.75% 1/15/21		267,000		268,669
	10.25% 3/1/16		130,000		131,300
#	Building Materials
	of America 144A
	6.75% 5/1/21		263,000		265,630
#	Cemex Espana
	Luxembourg 144A
	9.25% 5/12/20		529,000		544,208
#	DAE Aviation Holdings 144A
	11.25% 8/1/15		184,000		194,350
	Kratos Defense &
	Security Solutions
	10.00% 6/1/17		225,000		248,625
*	Manitowoc
	9.50% 2/15/18		215,000		239,188
*#	Masonite International
	144A 8.25% 4/15/21		255,000		258,188
*	Mueller Water Products
	7.375% 6/1/17		255,000		256,913
#	Nortek 144A
	8.50% 4/15/21		265,000		254,069
*	Ply Gem Industries
	13.125% 7/15/14		230,000		251,850
#	Polypore International
	144A 7.50% 11/15/17		245,000		261,538
	Pregis 12.375% 10/15/13		244,000		243,390
*	RBS Global/Rexnord
	11.75% 8/1/16		302,000		323,894
	Temple-Inland
	6.875% 1/15/18		10,000		11,180
	TriMas 9.75% 12/15/17		180,000		200,925
#	Votorantim Cimentos
	144A 7.25% 4/5/41		1,118,000		1,109,614
					5,218,969
Consumer Cyclical – 3.67%
*	American Axle &
	Manufacturing
	7.875% 3/1/17		395,000		406,850
	ArvinMeritor
	8.125% 9/15/15		246,000		259,530
	Beazer Homes USA
	9.125% 6/15/18		65,000		62,075
	#144A 9.125% 5/15/19		305,000		290,513
#	Brown Group 144A
	7.125% 5/15/19		205,000		199,875
#	Burlington Coat Factory
	Warehouse 144A
	10.00% 2/15/19		405,000		408,037
*#	Chrysler Group 144A
	8.25% 6/15/21		250,000		250,625
	CKE Restaurants
	11.375% 7/15/18		171,000		188,100
	CVS Caremark
	5.75% 5/15/41		25,000		24,875
*	Dana Holding
	6.75% 2/15/21		210,000		211,050
	Dave & Buster’s
	11.00% 6/1/18		280,000		306,600
*#	DineEquity 144A
	9.50% 10/30/18		225,000		247,500
*#	Dunkin Finance 144A
	9.625% 12/1/18		198,000		200,721
	Express 8.75% 3/1/18		93,000		101,370
	Family Dollar Stores
	5.00% 2/1/21		15,000		14,925
*	Ford Motor
	7.45% 7/16/31		235,000		268,014
	Ford Motor Credit
	12.00% 5/15/15		195,000		249,423
	Hanesbrands
	6.375% 12/15/20		280,000		276,500
	Interface 7.625% 12/1/18		175,000		188,125
#	International Automotive
	Components Group
	144A 9.125% 6/1/18		175,000		179,813
#	Jaguar Land Rover 144A
	8.125% 5/15/21		260,000		266,500
#	M/I Homes 144A
	8.625% 11/15/18		421,000		415,210
*#	Needle Merger Sub 144A
	8.125% 3/15/19		210,000		213,675
	Norcraft
	10.50% 12/15/15		151,000		158,928
	#144A 10.50% 12/15/15		135,000		142,088
#	Pinafore 144A
	9.00% 10/1/18		376,000		414,539
	Quiksilver
	6.875% 4/15/15		250,000		245,625
	Standard Pacific
	10.75% 9/15/16		119,000		138,040
	WMG Acquisition
	9.50% 6/15/16		150,000		159,938
					6,489,064
Consumer Non-Cyclical – 2.91%
#	Accellent 144A
	10.00% 11/1/17		115,000		114,425
	Amgen 3.45% 10/1/20		25,000		24,231

(continues) 9

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Consumer Non-Cyclical (continued)
#	AMGH Merger Sub 144A
	9.25% 11/1/18	USD	245,000	$	264,294
	Anheuser-Busch
	InBev Worldwide
	5.375% 11/15/14		20,000		22,412
#	Armored Autogroup
	144A 9.25% 11/1/18		290,000		295,438
	Bio-Rad Laboratories
	4.875% 12/15/20		20,000		20,400
#	Blue Merger Sub 144A
	7.625% 2/15/19		255,000		261,534
#	Bumble Bee Acquisition
	144A 9.00% 12/15/17		165,000		170,363
	CareFusion
	6.375% 8/1/19		65,000		74,606
	Celgene 3.95% 10/15/20		20,000		19,562
	Cott Beverages
	8.375% 11/15/17		132,000		141,900
	Covidien International Finance
	4.20% 6/15/20		20,000		20,599
*	Dean Foods
	7.00% 6/1/16		364,000		366,729
	Delhaize Group
	5.70% 10/1/40		7,000		6,819
	6.50% 6/15/17		5,000		5,818
#	DJO Finance 144A
	9.75% 10/15/17		374,000		391,297
	Dole Food
	13.875% 3/15/14		91,000		110,679
	Express Scripts
	3.125% 5/15/16		20,000		20,238
	Hospira 6.40% 5/15/15		95,000		108,268
	Kraft Foods
	6.125% 8/23/18		20,000		23,064
	Laboratory Corp. of
	America Holdings
	4.625% 11/15/20		25,000		25,615
	Lantheus Medical Imaging
	9.75% 5/15/17		321,000		330,629
	Life Technologies
	6.00% 3/1/20		5,000		5,482
	LVB Acquisition
	11.625% 10/15/17		244,000		275,110
	McKesson 4.75% 3/1/21		10,000		10,530
	Medco Health Solutions
	4.125% 9/15/20		20,000		19,847
	7.125% 3/15/18		10,000		12,033
	Merck 3.875% 1/15/21		15,000		15,142
#	NBTY 144A
	9.00% 10/1/18		263,000		283,383
	PHH 9.25% 3/1/16		186,000		207,855
	Pinnacle Foods Finance
	10.625% 4/1/17		180,000		193,950
	Quest Diagnostics
	4.70% 4/1/21		5,000		5,161
#	Quintiles Transnational PIK
	144A 9.50% 12/30/14		106,000		109,180
#	Reynolds Group Issuer 144A
	8.25% 2/15/21		125,000		127,813
	9.00% 4/15/19		310,000		330,537
*	Safeway 3.95% 8/15/20		15,000		14,823
#	STHI Holding 144A
	8.00% 3/15/18		235,000		243,225
	Tops Holding
	10.125% 10/15/15		131,000		140,661
#	Viskase 144A
	9.875% 1/15/18		228,000		240,255
#	Woolworths 144A
	4.55% 4/12/21		15,000		15,389
	Yale University
	2.90% 10/15/14		45,000		47,371
	Zimmer Holdings
	4.625% 11/30/19		30,000		32,176
					5,148,843
Energy – 5.32%
	American Petroleum
	Tankers Parent
	10.25% 5/1/15		268,000		286,090
	Antero Resources Finance
	9.375% 12/1/17		156,000		170,820
	Aquilex Holdings
	11.125% 12/15/16		178,000		176,220
#	Calumet Specialty
	Products Partners
	144A 9.375% 5/1/19		255,000		269,184
	CenterPoint Energy
	5.95% 2/1/17		13,000		14,479
*#	Chaparral Energy 144A
	8.25% 9/1/21		330,000		343,199
	Chesapeake Energy
	6.50% 8/15/17		135,000		146,475
	6.625% 8/15/20		87,000		91,894
	6.875% 11/15/20		13,000		13,748
	Comstock Resources
	7.75% 4/1/19		260,000		264,225
	Copano Energy
	7.75% 6/1/18		169,000		177,873
	Crosstex Energy
	8.875% 2/15/18		175,000		190,750

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Energy (continued)
	Ecopetrol
	7.625% 7/23/19	USD	900,000	$	1,072,124
	El Paso
	6.875% 6/15/14		44,000		50,203
	7.00% 6/15/17		205,000		238,700
•	Enbridge Energy Partners
	8.05% 10/1/37		20,000		22,149
	Energy Transfer Partners
	4.65% 6/1/21		40,000		39,950
	9.70% 3/15/19		25,000		33,329
	Enterprise Products Operating
	•7.034% 1/15/68		35,000		36,974
	9.75% 1/31/14		5,000		6,023
#	Helix Energy Solutions
	Group 144A
	9.50% 1/15/16		291,000		309,915
*#	Hercules Offshore 144A
	10.50% 10/15/17		187,000		199,623
*#	Hilcorp Energy I 144A
	8.00% 2/15/20		226,000		241,820
	Holly 9.875% 6/15/17		171,000		192,803
	Kinder Morgan Energy
	Partners 9.00% 2/1/19		30,000		38,997
#	Laredo Petroleum 144A
	9.50% 2/15/19		275,000		293,563
	Linn Energy
	8.625% 4/15/20		201,000		221,100
	#144A 6.50% 5/15/19		55,000		55,138
	MarkWest Energy Partners
	6.50% 8/15/21		270,000		273,713
#	Murray Energy 144A
	10.25% 10/15/15		230,000		248,975
*#	NFR Energy 144A
	9.75% 2/15/17		224,000		221,200
*	Noble Energy
	8.25% 3/1/19		20,000		25,834
	Noble Holding International
	4.625% 3/1/21		30,000		30,997
#	Oasis Petroleum 144A
	7.25% 2/1/19		200,000		202,000
	Offshore Group Investments
	11.50% 8/1/15		185,000		204,888
	#144A 11.50% 8/1/15		20,000		22,100
*#	OPTI Canada 144A
	9.00% 12/15/12		200,000		202,000
	Pemex Project Funding
	Master Trust
	6.625% 6/15/35		1,000,000		1,047,982
	Petrobras International Finance
	5.375% 1/27/21		20,000		20,621
	Petrohawk Energy
	7.25% 8/15/18		255,000		268,706
	Petroleum Development
	12.00% 2/15/18		217,000		245,210
	Pioneer Drilling
	9.875% 3/15/18		106,000		115,408
	Plains All American Pipeline
	8.75% 5/1/19		10,000		12,899
	Pride International
	6.875% 8/15/20		20,000		23,677
	Quicksilver Resources
	7.125% 4/1/16		190,000		188,100
#	SandRidge Energy 144A
	7.50% 3/15/21		265,000		274,606
	TNK-BP Finance
	7.875% 3/13/18		400,000		464,999
•	TransCanada Pipelines
	6.35% 5/15/67		35,000		35,795
	Transocean
	6.50% 11/15/20		10,000		11,356
	Weatherford Bermuda
	9.625% 3/1/19		15,000		19,610
	Williams Partners
	7.25% 2/1/17		10,000		12,045
#	Woodside Finance 144A
	8.125% 3/1/14		15,000		17,485
	8.75% 3/1/19		15,000		19,373
					9,406,947
Finance & Investments – 1.68%
•	American International Group
	8.175% 5/15/58		270,000		299,025
	Cardtronics 8.25% 9/1/18		84,000		92,190
•	Chubb 6.375% 3/29/67		15,000		15,975
	General Electric Capital
	4.375% 9/16/20		5,000		4,991
	5.30% 2/11/21		15,000		15,785
	6.00% 8/7/19		95,000		106,575
•	Genworth Financial
	6.15% 11/15/66		171,000		132,953
#	Health Care Services
	144A 4.70% 1/15/21		10,000		10,372
#•	ILFC E-Capital Trust I
	144A 5.97% 12/21/65		265,000		223,970
#•	ILFC E-Capital Trust II
	144A 6.25% 12/21/65		355,000		314,175
•	ING Groep
	5.775% 12/29/49		345,000		322,575
	International
	lease Finance
	6.25% 5/15/19		32,000		32,170

(continues) 11

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Finance & Investments (continued)
#•	Liberty Mutual Group
	144A 7.00% 3/15/37	USD	355,000	$	354,208
	MetLife 6.40% 12/15/36		100,000		100,173
*	Nuveen Investments
	10.50% 11/15/15		378,000		402,569
	#144A 10.50% 11/15/15		110,000		116,600
	Prudential Financial
	3.875% 1/14/15		35,000		36,922
•	XL Group
	6.50% 12/29/49		410,000		391,038
					2,972,266
Media – 2.50%
#	Affinion Group 144A
	7.875% 12/15/18		352,000		336,160
#	AMO Escrow 144A
	11.50% 12/15/17		126,000		137,025
	Cablevision Systems
	8.00% 4/15/20		114,000		125,685
*	CCO Holdings
	8.125% 4/30/20		315,000		342,169
	#144A 7.00% 1/15/19		20,000		20,475
#	Clear Channel
	Communications
	144A 9.00% 3/1/21		260,000		261,950
#	Columbus International
	144A 11.50% 11/20/14		270,000		312,039
*	DIRECTV Holdings
	5.00% 3/1/21		15,000		15,627
	Entravision Communications
	8.75% 8/1/17		350,000		373,624
*	GXS Worldwide
	9.75% 6/15/15		247,000		252,558
#	inVentiv Health 144A
	10.00% 8/15/18		175,000		182,656
#	Kabel BW Erste
	Beteiligungs 144A
	7.50% 3/15/19		185,000		193,556
	MDC Partners
	11.00% 11/1/16		222,000		247,808
	#144A 11.00% 11/1/16		110,000		121,688
#	NBC Universal Media
	144A 4.375% 4/1/21		25,000		24,900
	Nexstar Broadcasting
	8.875% 4/15/17		200,000		218,000
*#	Ono Finance II 144A
	10.875% 7/15/19		240,000		267,600
#	Sinclair Television Group
	144A 9.25% 11/1/17		147,000		165,008
	Time Warner
	4.75% 3/29/21		5,000		5,108
	Time Warner Cable
	4.125% 2/15/21		5,000		4,829
	8.25% 4/1/19		20,000		25,058
#	UPC Holding 144A
	9.875% 4/15/18		345,000		388,124
*	Visant 10.00% 10/1/17		120,000		127,500
#	Vivendi 144A
	6.625% 4/4/18		25,000		28,688
#	XM Satellite Radio 144A
	7.625% 11/1/18		225,000		240,188
					4,418,023
Real Estate – 0.42%
	Brandywine Operating
	Partnership
	4.95% 4/15/18		15,000		15,434
	Developers Diversified
	Realty
	4.75% 4/15/18		5,000		5,004
	7.50% 4/1/17		5,000		5,813
	*7.875% 9/1/20		20,000		23,430
	Digital Realty Trust
	5.25% 3/15/21		20,000		20,376
	5.875% 2/1/20		10,000		10,761
	Health Care REIT
	5.25% 1/15/22		30,000		30,328
	Host Marriott
	6.375% 3/15/15		245,000		251,738
#	Qatari Diar Finance 144A
	5.00% 7/21/20		300,000		308,249
	Regency Centers
	5.875% 6/15/17		20,000		22,591
	UDR 4.25% 6/1/18		10,000		9,983
	Ventas Realty
	4.75% 6/1/21		20,000		19,976
#	WEA Finance
	4.625% 5/10/21		20,000		19,999
					743,682
Services Cyclical – 2.43%
	ARAMARK 8.50% 2/1/15		150,000		156,750
#	ARAMARK Holdings 144A
	PIK 8.625% 5/1/16		255,000		262,013
#	Brambles USA 144A
	3.95% 4/1/15		15,000		15,496
	5.35% 4/1/20		15,000		15,505
	Burlington Northern Santa Fe
	4.70% 10/1/19		10,000		10,707
	5.65% 5/1/17		5,000		5,710
#	CMA CGM 144A
	8.50% 4/15/17		260,000		237,900

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Services Cyclical (continued)
	CSX
	4.25% 6/1/21	USD	15,000	$	15,054
	5.50% 4/15/41		5,000		5,025
#	Delta Air Lines 144A
	12.25% 3/15/15		193,000		217,366
#	Equinox Holdings 144A
	9.50% 2/1/16		221,000		237,575
#	ERAC USA Finance 144A
	5.25% 10/1/20		35,000		37,497
*	Harrah’s Operating
	10.00% 12/15/18		572,000		531,959
#	Icon Health &
	Fitness 144A
	11.875% 10/15/16		108,000		113,670
	Kansas City Southern
	de Mexico
	8.00% 2/1/18		187,000		208,038
	#144A 6.125% 6/15/21		60,000		60,600
	Kansas City Southern Railway
	13.00% 12/15/13		2,000		2,365
*#	Marina District Finance
	144A 9.875% 8/15/18		133,000		139,650
	MGM MIRAGE
	11.125% 11/15/17		2,000		2,330
	11.375% 3/1/18		658,000		759,989
*	Pinnacle Entertainment
	8.75% 5/15/20		198,000		214,335
#	Pokagon Gaming
	Authority 144A
	10.375% 6/15/14		10,000		10,313
	RSC Equipment Rental
	8.25% 2/1/21		135,000		140,063
	10.25% 11/15/19		5,000		5,688
	Ryder System
	3.50% 6/1/17		25,000		25,383
#	Seven Seas Cruises 144A
	9.125% 5/15/19		250,000		258,125
*#	Swift Services
	Holdings 144A
	10.00% 11/15/18		95,000		105,925
*#	Swift Transportation 144A
	12.50% 5/15/17		151,000		162,703
#	United Air Lines 144A
	12.00% 11/1/13		292,000		316,820
	Wyndham Worldwide
	5.625% 3/1/21		10,000		10,164
	5.75% 2/1/18		5,000		5,290
					4,290,008
Services Non-Cyclical – 1.06%
	Allied Waste North America
	6.875% 6/1/17		40,000		43,504
#	Casella Waste Systems
	144A 7.75% 2/15/19		265,000		269,638
	Community Health Systems
	8.875% 7/15/15		240,000		248,400
#	Darling International
	144A 8.50% 12/15/18		125,000		136,875
*#	HCA Holdings 144A
	7.75% 5/15/21		235,000		247,044
	HealthSouth
	7.75% 9/15/22		50,000		53,625
#	Highmark 144A
	4.75% 5/15/21		10,000		10,141
	6.125% 5/15/41		5,000		5,083
	Iron Mountain
	8.375% 8/15/21		140,000		150,500
#	Multiplan 144A
	9.875% 9/1/18		273,000		296,204
*	Radiation Therapy Services
	9.875% 4/15/17		216,000		220,050
	Radnet Management
	10.375% 4/1/18		174,000		181,830
	Republic Services
	4.75% 5/15/23		15,000		15,102
					1,877,996
Technology – 1.43%
*	Advanced Micro Devices
	7.75% 8/1/20		325,000		342,875
	Aspect Software
	10.625% 5/15/17		194,000		210,490
*	First Data
	9.875% 9/24/15		306,000		317,475
	11.25% 3/31/16		260,000		261,950
	Hewlett-Packard
	4.30% 6/1/21		15,000		15,152
*#	iGate 144A
	9.00% 5/1/16		250,000		258,125
#	International Wire Group
	144A 9.75% 4/15/15		155,000		163,525
	MagnaChip Semiconductor
	10.50% 4/15/18		156,000		176,865
#	MedAssets 144A
	8.00% 11/15/18		137,000		141,966
	National Semiconductor
	6.60% 6/15/17		20,000		23,933
#	Seagate HDD Cayman
	144A 7.75% 12/15/18		255,000		269,663
#	Seagate Technology
	International 144A
	10.00% 5/1/14		10,000		11,700
*	SunGard Data Systems
	10.25% 8/15/15		314,000		327,345
	Symantec
	4.20% 9/15/20		5,000		4,870
					2,525,934

(continues) 13

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Telecommunications – 3.90%
	AT&T 4.45% 5/15/21	USD	25,000	$	25,514
	Avaya
	9.75% 11/1/15		40,000		41,750
	#144A 7.00% 4/1/19		255,000		250,538
	PIK 10.125% 11/1/15		160,000		167,200
#	Buccaneer Merger 144A
	9.125% 1/15/19		200,000		215,250
#	Clearwire Communications 144A
	12.00% 12/1/15		408,000		447,269
	*12.00% 12/1/17		315,000		344,531
	Cricket Communications
	7.75% 5/15/16		130,000		138,775
	*7.75% 10/15/20		135,000		133,988
#	Crown Castle Towers
	144A 4.883% 8/15/20		30,000		30,466
#	Digicel Group 144A
	9.125% 1/15/15		120,000		124,500
	10.50% 4/15/18		230,000		261,050
#	EH Holding 144A
	7.625% 6/15/21		210,000		215,775
*	Frontier Communications
	7.125% 3/15/19		120,000		124,650
	Historic TW
	6.875% 6/15/18		20,000		23,690
#	Integra Telecom Holdings
	144A 10.75% 4/15/16		190,000		200,450
	Intelsat Bermuda
	11.25% 2/4/17		640,000		694,399
	PIK 11.50% 2/4/17		273,217		297,465
*	Level 3 Financing
	10.00% 2/1/18		252,000		274,050
	MetroPCS Wireless
	6.625% 11/15/20		165,000		165,000
	*7.875% 9/1/18		90,000		97,313
#	MTS International
	Funding 144A
	8.625% 6/22/20		275,000		315,983
	NII Capital
	*7.625% 4/1/21		130,000		138,613
	10.00% 8/15/16		56,000		64,540
#	PAETEC Holding 144A
	9.875% 12/1/18		165,000		177,788
	Qwest 8.375% 5/1/16		40,000		47,700
	Qwest Communications
	International
	7.50% 2/15/14		85,000		86,381
*#	Satmex Escrow 144A
	9.50% 5/15/17		125,000		128,750
	Sprint Capital
	8.75% 3/15/32		248,000		274,970
#	Telcordia Technologies
	144A 11.00% 5/1/18		415,000		471,024
	Telecom Italia Capital
	5.25% 10/1/15		40,000		42,435
	Telefonica Emisiones
	5.462% 2/16/21		10,000		10,409
	Telesat Canada
	12.50% 11/1/17		164,000		196,800
	Virgin Media Finance
	8.375% 10/15/19		120,000		135,600
#	West 144A
	7.875% 1/15/19		255,000		260,419
	Windstream
	7.50% 4/1/23		205,000		212,175
	7.875% 11/1/17		45,000		49,444
					6,886,654
Utilities – 0.74%
	AES
	7.75% 3/1/14		129,000		141,900
	8.00% 6/1/20		44,000		47,850
	9.75% 4/15/16		10,000		11,625
	Ameren Illinois
	9.75% 11/15/18		80,000		106,183
#	American Transmission
	Systems 144A
	5.25% 1/15/22		25,000		26,841
	CMS Energy
	4.25% 9/30/15		10,000		10,435
	6.25% 2/1/20		5,000		5,478
	Commonwealth Edison
	4.00% 8/1/20		5,000		5,009
	5.80% 3/15/18		5,000		5,681
	Dominion Resources
	4.45% 3/15/21		20,000		20,599
	Duke Energy Carolinas
	3.90% 6/15/21		10,000		10,120
	Elwood Energy
	8.159% 7/5/26		154,853		154,078
	Florida Power
	5.65% 6/15/18		5,000		5,758
*	GenOn Energy
	9.50% 10/15/18		127,000		134,303
	Great Plains Energy
	4.85% 6/1/21		20,000		20,389
#	Ipalco Enterprises 144A
	5.00% 5/1/18		10,000		10,100
*	Mirant Americas
	8.50% 10/1/21		245,000		255,412
	NiSource Finance
	6.40% 3/15/18		10,000		11,488
	*6.80% 1/15/19		5,000		5,855

		Principal		Value
		Amount°		(U.S. $)
Corporate Bonds (continued)
Utilities (continued)
	Pennsylvania Electric
	5.20% 4/1/20	USD	25,000	$	26,590
	Public Service Oklahoma
	5.15% 12/1/19		30,000		32,408
#	Puget Energy 144A
	6.00% 9/1/21		25,000		25,000
•	Puget Sound Energy
	6.974% 6/1/67		165,000		168,711
	Sempra Energy
	6.15% 6/15/18		20,000		22,976
	Southern California
	Edison 5.50% 8/15/18		20,000		22,971
•	Wisconsin Energy
	6.25% 5/15/67		10,000		10,137
					1,297,897
Total Corporate Bonds
	(cost $56,648,559)				59,485,293

Non-Agency Asset-Backed Securities – 0.15%
•	Citibank Credit Card
	Issuance Trust Series
	2004-C1 C1
	0.848% 7/15/13		10,000		9,998
•	Citicorp Residential
	Mortgage Securities
	2006-3 A5
	5.948% 11/25/36		100,000		81,873
	Discover Card Master
	Trust Series 2007-A1
	A1 5.65% 3/16/20		100,000		114,916
	John Deere Owner Trust
	Series 2009-A A4
	3.96% 5/16/16		25,000		25,771
	Series 2010-A 4A
	2.13% 10/17/16		15,000		15,364
•	Merrill Auto Trust
	Securitization
	Series 2007-1 A4
	0.258% 12/15/13		8,871		8,869
Total Non-Agency Asset-Backed
	Securities (cost $246,859)				256,791

Non-Agency Collateralized Mortgage Obligations – 0.19%
@•	Bear Stearns ARM Trust
	Series 2007-1 3A2
	5.447% 2/25/47		169,287		24,633
	Citicorp Mortgage Securities
	Series 2006-4 3A1
	5.50% 8/25/21		9,586		9,656
	Series 2007-1 2A1
	5.50% 1/25/22		73,490		73,218
•	Citigroup Mortgage Loan
	Trust Series 2007-AR8
	1A3A 5.714% 8/25/37		71,542		52,985
•	GSR Mortgage Loan Trust
	Series 2006-AR1 3A1
	5.075% 1/25/36		138,798		124,618
•	MASTR ARM Trust
	Series 2006-2 4A1
	4.98% 2/25/36		54,007		50,428
Total Non-Agency Collateralized
	Mortgage Obligations (cost $510,704)				335,538

«Senior Secured Loans – 0.79%
	Brock Holdings III
	10.50% 2/15/18		85,000		87,656
	Endo Pharmaceuticals Holdings
	7.25% 4/10/12		175,000		175,000
	Level 3 Financing
	14.00% 4/11/12		215,000		215,000
	PQ 6.72% 7/30/15		265,000		262,847
	Silgan Holdings
	7.75% 1/20/12		390,000		390,000
	Texas Competitive
	Electric Holdings
	3.50% 10/10/14		310,000		264,514
Total Senior Secured Loans
	(cost $1,371,681)				1,395,017

Sovereign Bonds – 4.92%Δ
Chile – 0.40%
	Chile Government
	International Bond
	5.50% 8/5/20	CLP	330,000,000		712,490
					712,490
Croatia – 0.17%
*#	Croatia Government
	International Bond
	144A 6.75% 11/5/19	USD	280,000		300,885
					300,885
Indonesia – 1.18%
	Indonesia Treasury Bond
	11.00% 11/15/20	IDR	14,399,000,000		2,090,527
					2,090,527
Mexico – 0.48%
	Mexican Bonos
	7.75% 12/14/17	MXN	9,049,700		838,612
					838,612
Panama – 0.47%
	Panama Government
	International Bond
	6.70% 1/26/36	USD	700,000		820,750
					820,750

(continues) 15

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

			Principal	Value
			Amount°	(U.S. $)
Sovereign Bonds (continued)
Peru – 0.23%
	Republic of Peru
	7.35% 7/21/25	USD	340,000	$	413,100
					413,100
Philippines – 0.61%
	Philippine Government
	International Bond
	6.375% 10/23/34		1,000,000		1,085,000
					1,085,000
Poland – 0.62%
	Poland Government Bond
	5.00% 10/24/13	PLN	1,700,000		619,102
	Poland Government
	International Bond
	5.125% 4/21/21	USD	450,000		468,563
					1,087,665
Russia – 0.40%
	Russia-Eurobond
	7.50% 3/31/30		596,850		704,659
					704,659
Turkey – 0.11%
	Turkey Government
	International Bond
	7.375% 2/5/25		170,000		201,663
					201,663
Uruguay – 0.25%
	Uruguay Government
	International Bond
	8.00% 11/18/22		350,000		447,650
					447,650
Total Sovereign Bonds
	(cost $8,396,083)				8,703,001

Supranational Bank – 0.67%
	European Investment
	Bank 9.625% 4/1/15	TRY	1,800,000		1,176,905
Total Supranational Bank
	(cost $1,189,579)				1,176,905

U.S. Treasury Obligations – 0.28%
	U.S. Treasury Bonds
	4.25% 11/15/40	USD	20,000		20,091
	4.75% 2/15/41		20,000		21,838
	U.S. Treasury Notes
	1.75% 5/31/16		315,000		315,984
	*3.125% 5/15/21		140,000		140,919
Total U.S. Treasury Obligations
	(cost $494,587)				498,832

Leveraged Non-Recourse Security – 0.00%
w#@	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
Residual Interest Trust Certificate – 0.00%
=w#@	Freddie Mac Auction Pass
	Through Trust Series
	2007-6 144A		175,000		0
Total Residual Interest Trust
	Certificate (cost $190,466)				0

Exchange-Traded Fund – 2.61%
*	iShares IBOXX $ High Yield
	Corporate Bond Fund		50,000		4,620,000
Total Exchange-Traded Fund
	(cost $4,499,835)				4,620,000

Preferred Stock – 0.83%
	Alabama Power 5.625%		410		10,199
	Ally Financial
	∏•8.50 %		10,000		263,400
	#144A 7.00%		400		386,413
*	Developers Diversified
	Realty 7.50%		1,925		48,606
†	Freddie Mac 6.02%		33,000		87,830
•	GMAC Capital
	Trust I 8.125%		15,000		394,049
•	PNC Financial Services
	Group 8.25%		10,000		10,710
	ProLogis 6.75%		7,050		173,571
*	Vornado Realty 6.625%		3,700		91,945
Total Preferred Stock
	(cost $2,046,059)				1,466,723

		Principal
		Amount°
≠Short-Term Investments – 5.53%
Discount Notes – 5.53%
	Federal Home Loan Bank
	0.01% 6/1/11	USD	9,454,005		9,454,005
	0.06% 6/7/11		314,584		314,584
Total Short-Term Investments
	(cost $9,768,586)				9,768,589

Total Value of Securities
	Before Securities Lending
	Collateral – 119.79%
	(cost $198,162,278)				211,759,238

		Number of	Value
		Shares	(U.S. $)
Securities Lending Collateral** – 18.74%
Investment Companies
	BNY Mellon SL DBT II
	Liquidating Fund	213,233	$	207,987
	Delaware Investments Collateral
	Fund No. 1	32,921,835		32,921,835
	@†Mellon GSL Reinvestment
	Trust II	311,516		0
Total Securities Lending Collateral
	(cost $33,446,584)			33,129,822
Total Value of Securities – 138.53%
	(cost $231,608,862)			244,889,060	©
Obligation to Return Securities
	Lending Collateral** – (18.92%)			(33,446,584	)
Borrowing Under Line of Credit – (22.63%)				(40,000,000	)
Receivables and Other Assets
	Net of Other Liabilities – 3.02%			5,328,961
Net Assets Applicable to 13,061,153
	Shares Outstanding; Equivalent to
	$13.53 Per Share – 100.00%		$	176,771,437

Components of Net Assets at May 31, 2011:
Shares of beneficial interest
	(unlimited authorization – no par)		$	212,762,315
Distributions in excess of net investment income				(856,259	)
Accumulated net realized loss on investments				(48,890,310	)
Net unrealized appreciation of investments
	and foreign currencies			13,755,691
Total net assets			$	176,771,437

° Principal amount shown is stated in the currency in which each security is denominated.

CLP — Chilean Peso
IDR — Indonesian Rupiah
MXN — Mexican Peso
PHP — Philippine Peso
PLN — Polish Zloty
TRY — Turkish Lira
USD — United States Dollar

v	Securities have been classified by type of business. Classification by country of origin has been presented in Security type/sector/country allocations on page 2.
†	Non income producing security.
*	Fully or partially on loan.
@	Illiquid security. At May 31, 2011, the aggregate amount of illiquid securities was $176,774, which represented 0.10% of the Fund’s net assets. See Note 10 in “Notes to financial statements.”
∏	Restricted security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At May 31, 2011, the aggregate amount of the restricted securities was $517,411, which represented 0.29% of the Fund’s net assets. See Note 10 in “Notes to financial statements.”
#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At May 31, 2011, the aggregate amount of Rule 144A securities was $32,633,990, which represented 18.46% of the Fund’s net assets. See Note 10 in “Notes to financial statements.”
•	Variable rate security. The rate shown is the rate as of May 31, 2011. 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, 2011.
«	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, 2011.
Δ	Securities have been classified by country of origin.
=	Security is being fair valued in accordance with the Fund’s fair valuation policy. At May 31, 2011, the aggregate amount of fair valued securities was $0, which represented 0.00% of the Fund’s net assets. See Note 1 in “Notes to financial statements.”
≠	The rate shown is the effective yield at the time of purchase.
**	See Note 9 in “Notes to financial statements.”
©	Includes $32,612,835 of securities loaned.

Summary of Abbreviations:

ADR — American Depositary Receipt
ARM — Adjustable Rate Mortgage
BAML — Bank of America Merrill Lynch
BCLY — Barclays Bank
CDS — Credit Default Swap
CITI — Citigroup Global Markets
GNMA — Government National Mortgage Association
JPMC — JPMorgan Chase Bank
MASTR — Mortgage Asset Securitization Transactions, Inc.
PIK — Pay-in-kind
REIT — Real Estate Investment Trust
REMIC — Real Estate Mortgage Investment Conduit
S.F. — Single Family
yr — Year

(continues) 17

Statement of net assets

Delaware Enhanced Global Dividend and Income Fund

The following foreign currency exchange contract and swap contracts were outstanding at May 31, 20111:

Foreign Currency Exchange Contract
				Unrealized
	Contract to		Settlement	Appreciation
Counterparty	Receive	In Exchange For	Date	(Depreciation)
BAML	PHP10,000,000	USD (229,832)	6/30/11	$1,101

Swap Contracts
CDS Contracts
	Swap			Annual		Unrealized
	Referenced	Notional		Protection	Termination	Appreciation
Counterparty	Obligation	Value		Payments	Date	(Depreciation)
	Protection
	Purchased:
BCLY	ITRAXX Europe
	Subordinate
	Financials 15.1
	5 yr CDS	$	95,000	1.00%	6/20/16		$	319
CITI	Sara Lee 5 yr CDS		7,000	1.00%	3/20/16			(493	)
JPMC	ITRAXX Europe Subordinate
	Financials 15.1
	5 yr CDS		80,000	1.00%	6/20/16			269
JPMC	Viacom
	5 yr CDS		25,000	1.00%	9/20/15			(390	)
		$	207,000				$	(295	)
	Protection Sold /
	Moody’s Rating:
CITI	MetLife 5 yr
	CDS/A	$	25,000	5.00%	9/20/14		$	1,819
JPMC	Comcast 5 yr
	CDS/Baa		25,000	1.00%	9/20/15			481
JPMC	Tyson Foods
	CDS/Ba		15,000	1.00%	3/20/16			195
		$	65,000				$	2,495
Total							$	2,200

The use of foreign currency exchange contracts and swap contracts involves elements of market risk and risks in excess of the amounts recognized in the financial statements. The notional values 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 8 in “Notes to financial statements.”

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

Statement of operations

Delaware Enhanced Global Dividend and Income Fund
Six Months Ended May 31, 2011 (Unaudited)

Investment Income:
Interest	$	3,668,376
Dividends		2,129,960
Securities lending income		103,697
Foreign tax withheld		(102,356	)	$	5,799,677

Expenses:
Management fees		1,052,667
Reports to shareholders		43,070
Accounting and administration expenses		41,404
Legal fees		36,954
Dividend disbursing and transfer agent fees and expenses		20,042
Custodian fees		17,000
Leverage expenses		12,639
NYSE fees		11,987
Audit and tax		10,009
Pricing fees		9,298
Trustees’ fees		4,456
Dues and services		4,062
Insurance fees		3,007
Consulting fees		958
Trustees’ expenses		338
Registration fees		332
Total operating expenses (before interest expense)					1,268,223
Interest expense					315,972
Total operating expenses (after interest expense)					1,584,195
Net Investment Income					4,215,482

Net Realized and Unrealized Gain on Investments and Foreign Currencies:
Net realized gain on:
Investments					5,598,662
Options written					49,412
Foreign currencies					32,470
Foreign currency exchange contracts					7,733
Swap contracts					6,686
Net realized gain					5,694,963
Net change in unrealized appreciation/depreciation of investments and foreign currencies					13,936,576
Net Realized and Unrealized Gain on Investments and Foreign Currencies					19,631,539

Net Increase in Net Assets Resulting from Operations				$	23,847,021

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

Statements of changes in net assets

Delaware Enhanced Global Dividend and Income Fund

	Six Months			Year
	Ended			Ended
	5/31/11			11/30/10
	(Unaudited)
Increase in Net Assets from Operations:
Net investment income	$	4,215,482		$	7,373,688
Net realized gain on investments and foreign currencies		5,694,963			3,678,581
Net change in unrealized appreciation/depreciation of investments and foreign currencies		13,936,576			8,310,279
Net increase in net assets resulting from operations		23,847,021			19,362,548

Dividends and Distributions to Shareholders from:1
Net investment income		(8,018,905	)		(11,913,695	)
Return of capital		—			(4,052,200	)
		(8,018,905	)		(15,965,895	)

Capital Share Transactions:2
Cost of shares reinvested		478,707			1,020,065
Increase in net assets derived from capital share transactions		478,707			1,020,065

Net Increase in Net Assets		16,306,823			4,416,718

Net Assets:
Beginning of period		160,464,614			156,047,896
End of period (including distributions in excess of net investment income of $856,259
and $787,504, respectively)	$	176,771,437		$	160,464,614

1See Note 4 in “Notes to financial statements.”
2See Note 6 in “Notes to financial statements.”

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

Statement of cash flows

Delaware Enhanced Global Dividend and Income Fund
Six Months Ended May 31, 2011 (Unaudited)

Net Cash (Including Foreign Currency) Provided by Operating Activities:
Net increase in net assets resulting from operations	$	23,847,021

Adjustments to reconcile net increase in net assets from
operations to cash provided by operating activities:
Amortization of premium and discount on investments purchased		(39,407	)
Proceeds from disposition of investment securities		94,437,925
Purchase of short-term investment securities, net		(1,386,311	)
Purchase of investment securities		(89,010,989	)
Net realized gain on investment transactions		(5,612,860	)
Net change in unrealized appreciation/depreciation of investments and foreign currencies		(13,936,576	)
Increase in receivable for investments sold		(1,736,493	)
Increase in interest and dividends receivable		(101,675	)
Increase in payable for investments purchased		823,795
Decrease in accrued expenses and other liabilities		(29,619	)
Total adjustments		(16,592,210	)
Net cash provided by operating activities		7,254,811

Cash Flows Used for Financing Activities:
Cash dividends and distributions paid		(8,018,905	)
Cost of fund shares reinvested		478,707
Net cash used for financing activities		(7,540,198	)
Effect of exchange rates on cash		248,622
Net decrease in cash		(36,765	)
Cash at beginning of period		4,079,857
Cash at end of period	$	4,043,092

Interest paid for borrowings during the period	$	315,972

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

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									6/29/072
	Ended			Year Ended						to
	5/31/111			11/30/10		11/30/09		11/30/08		11/30/07
	(Unaudited)
Net asset value, beginning of period		$12.320		$12.060		$ 8.770		$17.640		$19.100

Income (loss) from investment operations:
Net investment income3		0.323		0.568		0.685		0.769		0.288
Net realized and unrealized gain (loss) on investments and foreign currencies		1.502		0.922		3.875		(7.935	)	(1.285	)
Total from investment operations		1.825		1.490		4.560		(7.166	)	(0.997	)

Less dividends and distributions from:
Net investment income		(0.615	)	(0.918	)	(0.668	)	(0.644	)	(0.284	)
Return of capital		—		(0.312	)	(0.602	)	(1.060	)	(0.142	)
Total dividends and distributions		(0.615	)	(1.230	)	(1.270	)	(1.704	)	(0.426	)

Capital share transactions:
Common share offering cost charged to paid in capital		—		—		—		—		(0.037	)
Total capital share transactions		—		—		—		—		(0.037	)

Net asset value, end of period		$13.530		$12.320		$12.060		$ 8.770		$17.640

Market value, end of period		$13.620		$12.310		$12.290		$ 6.080		$15.370

Total return based on:4
Market value		15.92%		10.92%		134.96%		(54.14%	)	(17.24%	)
Net asset value		15.07%		13.13%		59.12%		(42.25%	)	(4.97%	)

Ratios and supplemental data:
Net assets, end of period (000 omitted)		$176,771		$160,465		$156,048		$113,400		$228,204
Ratio of expenses to average net assets		1.86%		1.95%		2.14%		1.66%		1.17%
Ratio of expenses to adjusted average net assets (before interest expense)5		1.20%		1.22%		1.26%		1.24%		1.17%
Ratio of interest expense to adjusted average net assets5		0.30%		0.33%		0.35%		0.29%		—
Ratio of net investment income to average net assets		4.94%		4.68%		6.73%		5.33%		3.68%
Ratio of net investment income to adjusted average net assets5		4.00%		3.73%		5.06%		4.91%		3.68%
Portfolio turnover		45%		83%		88%		97%		175%

Leverage Analysis:
Debt outstanding at end of period at par (000 omitted)		$40,000		$40,000		$40,000		$40,000		—
Asset coverage per $1,000 of debt outstanding at end of period		$5,419		$5,012		$4,901		$3,835		—

1 Ratios have been annualized and total return and portfolio turnover have not been annualized.

2 Date of commencement of operations; ratios have been annualized and total return and portfolio turnover have not been annualized.

3 The average shares outstanding method has been applied for per share information.

4 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.

5 Adjusted average net assets excludes debt outstanding.

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

Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund
May 31, 2011 (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, 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 does not trade, then the mean between the bid and ask prices will be used. Securities listed on a foreign exchange are valued at the last quoted sales price on the valuation date. Short-term debt securities are valued at market value. U.S. government and agency securities are valued at the mean between the bid and ask prices. Other debt securities and credit default swap (CDS) contracts are valued by an independent pricing service or broker. 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. Investment company securities are valued at net asset value per share. Open-end investment companies are valued at their published net asset value. Foreign currency exchange contracts are valued at the mean between the bid and ask prices. 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 bid and ask prices. 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 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 on federal income tax returns for all open tax years (November 30, 2007–November 30, 2010), and has concluded that no provision for federal income tax is required in the Fund’s financial statements.

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 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, 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 November 30, 2011. The actual determination of the source of the Fund’s distributions can be made only at year-end. Shareholders should receive written notification regarding the actual components and tax treatments of all Fund distributions for the calendar year 2011 in early 2012.

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.

Mortgage Dollar Rolls — The Fund may enter into mortgage “dollar rolls” in which the Fund sells mortgage-backed securities for delivery in the current month and simultaneously contracts to repurchase substantially similar (same type, coupon, and maturity) securities on a specified future date. Any difference between the sale price and the purchase price is netted against the interest income foregone on the securities to arrive at an implied borrowing (reverse repurchase) rate. Alternatively, the sale and purchase transactions which constitute the dollar roll can be executed at the same price, with the Fund being paid a fee as consideration for entering into the commitment to purchase. Dollar rolls may be renewed prior to cash settlement and initially may involve only a firm commitment agreement by the Fund to buy a security. The Fund accounts for mortgage-dollar-roll transactions as purchases and sales, these transactions may increase the Fund’s portfolio turnover rate.

Foreign Currency Transactions — Transactions denominated in foreign currencies are recorded at the prevailing exchange rates on the valuation date. The value of all assets and liabilities denominated in foreign currencies is translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar daily. Transaction gains or losses

(continues) 23

Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund

1. Significant Accounting Policies (continued)

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 isolates 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. 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 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 amongst 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 non-convertible bonds are amortized to interest income over the lives of the respective securities. Realized gains (losses) on paydowns of mortgage- and asset-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 date that the Fund is aware of such dividends, net of all non-rebatable tax withholdings. Withholding taxes on foreign dividends and interest 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, 2011.

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 1.00% of the adjusted average daily net assets of the Fund. For purposes of the calculation of investment management fees, adjusted average weekly 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 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 adjusted average daily net assets in excess of $50 billion. For purposes of the calculation of DSC fees, adjusted average daily net assets excludes the line of credit liability. 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, 2011, the Fund was charged $5,212 for these services.

At May 31, 2011, the Fund had liabilities payable to affiliates as follows:

Investment management fee payable to DMC	$183,118
Fees and other expenses payable to DSC	904
Other expenses payable to DMC and affiliates*	8,171

*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, fees for audit, 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, 2011, the Fund was charged $30,655 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 the six months ended May 31, 2011, the Fund made purchases of $86,070,018 and sales of $91,557,761 of investment securities other than U.S. government securities and short-term investments. For the six months ended May 31, 2011, the Fund made purchases of $2,940,971 and sales of $2,880,164 of long-term U.S. government securities.

At May 31, 2011, 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, 2011, the cost of investments was $233,284,262. At May 31, 2011, net unrealized appreciation was $11,604,798, of which $20,947,831 related to unrealized appreciation of investments and $9,343,033 related to unrealized depreciation of investments.

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, 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)

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)

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of May 31, 2011:

	Level 1		Level 2		Level 3			Total
Agency, Asset-Backed
& Mortgage-Backed
Securities	$	—	$	5,793,082	$	—	$	5,793,082
Common Stock		49,950,503		45,984,544		—		95,935,047
Corporate Debt		—		83,319,889		565,000		83,884,889
Foreign Debt		—		9,879,906		—		9,879,906
Exchange-Traded Fund		4,620,000		—		—		4,620,000
U.S. Treasury Obligations		—		498,832		—		498,832
Preferred Stock		971,572		407,321		—		1,378,893
Short-Term Investments		—		9,768,589		—		9,768,589
Securities Lending
Collateral		—		33,129,822		—		33,129,822
Total	$	55,542,075	$	188,781,985	$	565,000	$	244,889,060
Foreign Currency
Exchange Contract	$	—	$	1,101	$	—	$	1,101
Swap Contracts	$	—	$	2,200	$	—	$	2,200

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

	Agency,
	Asset-Backed
	and Mortgage-			Common			Corporate
	Backed Securities			Stock			Debt			Other			Total
Balance as of
11/30/10	$	54,625		$	10,866		$	353,027		$	1		$	418,519
Purchases		—			(11,491	)		565,000			—			553,509
Sales		(13,552	)		—			(355,164	)		(1	)		(368,717	)
Net realized gain		9			—			2,165			1			2,175
Transfers out of
Level 3		(37,239	)		—			—			—			(37,239	)
Net change in
unrealized
appreciation/
depreciation		(3,843	)		625			(28	)		(1	)		(3,247	)
Balance as of
5/31/11	$	—		$	—		$	565,000		$	—		$	565,000

Net change in
unrealized
appreciation/
depreciation
from investments
still held as of
5/31/11	$	—		$	—		$	—		$	—		$	—

During the six months ended May 31, 2011, the Fund had transfers out of Level 3 investments into Level 2 investments in the amount of $37,239, which was due to the Fund’s pricing vendor being able to supply matrix prices for investments that had been utilizing broker quoted prices. During the six months ended May 31, 2011, there were no transfers between Level 1 investments and Level 2 investments that had a material 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.

4. Dividend and Distribution Information

Income and long-term capital gain distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. Additionally, distributions from net gains on foreign currency transactions and net short-term gains on sales of investment securities are treated as ordinary income for federal income tax purposes. The tax character of dividends and distributions paid during the six months ended May 31, 2011 and the year ended November 30, 2010 was as follows:

	Six Months		Year
	Ended		Ended
	5/31/11*		11/30/10
Ordinary income	$	8,018,905	$	11,913,695
Return of capital		—		4,052,200
Total	$	8,018,905	$	15,965,895

*Tax information for the six months ended May 31, 2011 is an estimate and the tax character of dividends and distributions may be redesignated at fiscal year end.

(continues) 25

Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund

5. Components of Net Assets on a Tax Basis

The components of net assets are estimated since final tax characteristics cannot be determined until fiscal year end. As of May 31, 2011, the estimated components of net assets on a tax basis were as follows:

Shares of beneficial interest	$	212,762,315
Capital loss carryforwards as of 11/30/10		(53,576,805	)
Realized gains 12/1/10–5/31/11		5,523,354
Other temporary differences		(15,716	)
Unrealized appreciation of investments
and foreign currencies		12,078,289
Net assets	$	176,771,437

The differences between book basis and tax basis components of net assets are primarily attributable to tax deferral of losses on wash sales, straddles, contingent payment debt instruments, partnership income, tax treatment of CDS contracts, market discount and premium on debt instruments and passive foreign investment companies.

For financial reporting purposes, capital accounts are adjusted to reflect the tax character of permanent book/tax differences. Reclassifications are primarily due to tax treatment of gain (loss) on foreign currency transactions, dividends and distributions, CDS contracts, foreign capital gains tax, market discount and premium on certain debt instruments and paydowns of mortgage- and asset-backed securities. Results of operations and net assets were not affected by these reclassifications. For the six months ended May 31, 2011, the Fund recorded an estimate of these differences since final tax characteristics cannot be determined until fiscal year end.

Distributions in excess of net investment income	$	3,734,668
Accumulated net realized loss		(392,150	)
Paid-in capital		(3,342,518	)

For federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains. Capital loss carryforwards remaining at November 30, 2010 will expire as follows: $31,328,583 expires in 2016 and $22,248,222 expires in 2017.

For the six months ended May 31, 2011, the Fund had capital gains of $5,523,354, which may reduce the capital loss carryforwards.

6. Capital Stock

Shares obtained under the Fund’s dividend reinvestment plan are purchased by the Fund’s transfer agent, The Bank of New York Mellon (BNY Mellon) Shareowner Services, 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, 2011, the Fund issued 36,309 shares for $478,707 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. During the year ended November 30, 2010, the Fund issued 83,412 shares for $1,020,065 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.

7. Line of Credit

For the six months ended May 31, 2011, the Fund borrowed money pursuant to a $50,000,000 Credit Agreement with BNY Mellon that expires on June 29, 2011. 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, 2011, the par value of loans outstanding was $40,000,000 at a variable interest rate of 1.5625%. During the six months ended May 31, 2011, the average daily balance of loans outstanding was $40,000,000 at a weighted average interest rate of approximately 1.5842%. Interest on borrowings is based on a variable short-term rate plus an applicable margin. The commitment fee is computed at a rate of 0.25% per annum on the unused balance. The loan is collateralized by the Fund’s portfolio.

8. Derivatives

U.S. GAAP requires enhanced 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.

Foreign Currency Exchange Contracts — The Fund enters into foreign 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 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 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, 2011, 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; as an efficient means of adjusting the Fund’s overall exposure to certain markets; to earn income; 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, 2011 for the Fund were as follows:

	Number of
	contracts		Premiums
Options outstanding at November 30, 2010	—		$	—
Options written	1,214			62,038
Options expired	(1,010	)		(49,412	)
Options terminated in
closing purchase transactions	(204	)		(12,626	)
Options outstanding at May 31, 2011	—		$	—

Swap Contracts — The Fund may enter into interest rate swap contracts, inflation swap contracts, index swap contracts and CDS contracts in the normal course of pursuing its investment objective. The Fund may use interest rate swaps to adjust the Fund’s sensitivity to interest rates or to hedge against changes in interest rates. Index swaps may be used to gain exposure to markets that the Fund invests in, such as the corporate bond market. The Fund may also use index swaps as a substitute for futures or options contracts if such contracts are not directly available to the Fund on favorable terms. The Fund may use inflation swaps to hedge the inflation risk in nominal bonds, thereby creating synthetic inflation-indexed bonds. 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.

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, 2011, the Fund entered into CDS contracts as a purchaser and seller of protection. Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), 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. At May 31, 2011, the net unrealized appreciation of credit default swaps was $2,200. If a credit event had occurred for all swap transactions where collateral posting was required as of May 31, 2011, the swaps’ credit-risk-related contingent features would have been triggered and the Fund would have received $142,000 less the value of the contracts’ related reference obligations.

As disclosed in the footnotes to the statement of net assets, at May 31, 2011, the notional value of the protection sold was $65,000, which reflects the maximum potential amount the Fund would have been required to make as a seller of credit protection if a credit event had occurred. The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative if the swap agreement has been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the reference entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. At May 31, 2011, the net unrealized appreciation of the protection sold was $2,495.

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.

Swaps Generally. Because there is no organized market for swap contracts, 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.

(continues) 27

Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund

8. Derivatives (continued)

Fair values of derivative instruments as of May 31, 2011 were as follows:

Asset Derivatives

Liability Derivatives

Statement of

Net Assets

Location

Fair Value

Location

Fair Value

Foreign currency exchange contracts
(Forward currency exchange contracts)

Receivables and other assets net of other liabilities

1,101

Receivables and other assets net of other liabilities

$—

Credit contracts
(Swap contracts)

Receivables and other assets net of other liabilities

2,200

Receivables and other assets net of other liabilities

—

Total

3,301

$—

The effect of derivative instruments on the statement of operations for the period ended May 31, 2011 was as follows:

Change in

Unrealized

Location of Gain

Realized Gain

Appreciation

or Loss on

(Depreciation)

Derivatives

on Derivatives

Recognized in

Income

Foreign currency exchange contracts
(Forward currency exchange contracts)

Net realized gain on foreign currency exchange contracts and net change in unrealized appreciation/ depreciation of investments and foreign currencies

7,773

(2,346

)

Credit contracts
(Swap contracts)

Net realized gain on swap contracts and net change in unrealized appreciation/ depreciation of investments and foreign currencies

6,686

(13,576

)

Total

14,459

(15,922

)

The volume of derivative transactions varies throughout the period. Information about derivative transactions reflected on the financial statements is as of the date of this report, but may not be indicative of the type and volume of derivative activity for the six months ended May 31, 2011.

9. 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. 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 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 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 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 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. The Collective Trust 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. Effective April 20, 2009, BNY Mellon transferred the assets of the Fund’s previous collateral investment pool other than cash and assets with a maturity of one business day or less to the BNY Mellon SL DBT II Liquidating Fund (Liquidating Fund), effectively bifurcating the previous collateral investment pool. The Fund’s exposure to the Liquidating Fund is expected to decrease as the Liquidating Fund’s assets mature or are sold. In October 2008, BNY Mellon transferred certain distressed securities from the 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 change 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.

At May 31, 2011, the value of securities on loan was $32,612,835, for which the Fund received collateral, comprised of non-cash collateral valued at $143,739 and cash collateral of $33,446,584. At May 31, 2011, the value of invested collateral was $33,129,822. Investments purchased with cash collateral are presented on the statement of net assets under the caption “Securities Lending Collateral.”

10. 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.

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 equity 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 a portion of its assets in high yield fixed income securities, which carry ratings of BB or lower by Standard & Poor’s and Ba or lower by Moody’s Investor Services. 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 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, 2011. 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 Fund’s 10% limit on investments in illiquid securities. Rule 144A and illiquid securities have been identified on the statement of net assets.

11. 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.

(continues) 29

Notes to financial statements

Delaware Enhanced Global Dividend and Income Fund

12. Proposed Fund Merger

On May 19, 2011, the Fund’s Board of Trustees approved a proposal to merge Delaware Investments® Global Dividend and Income Fund, Inc. (NYSE:DGF) into the Fund. Under the terms of the proposed reorganization, the Fund would acquire substantially all of DGF’s assets in exchange for newly issued shares of common beneficial interest of the Fund. Those shares of the Fund would then be distributed pro rata to DGF’s shareholders, and DGF would subsequently be liquidated and dissolved. Common shares of DGF would be exchanged for common shares of the Fund based on the relative net asset values of each Fund’s common shares. These transactions, which are expected to be tax-free, are subject to the approval of the Agreement and Plan of Acquisition by each Fund’s shareholders. Each Fund’s Board plans to submit the proposals described above to each Fund’s shareholders at a special meeting, currently expected to take place on September 21, 2011.

13. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to May 31, 2011 that would require recognition or disclosure in the Fund’s financial statements.

Other Fund information
(Unaudited)

Delaware Enhanced Global Dividend and Income Fund

Changes to portfolio management team

Laura A. Ostrander was appointed co-portfolio manager of the Fund on April 15, 2011. Ms. Ostrander joined Babak Zenouzi, Damon J. Andres, D. Tysen Nutt, Jr., Liu-Er Chen, Edward A. Gray, Kevin P. Loome, Roger A. Early, Thomas H. Chow, and Wayne Anglace in making day-to-day decisions for 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, Portfolio Manager

Wayne A. Anglace currently serves as a portfolio manager and trader 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.

(continues) 31

Other Fund information
(Unaudited)

Delaware Enhanced Global Dividend and Income Fund

Fund management (continued)

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 served 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 also served as 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 investment grade 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. 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 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.

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 served as 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.

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

Ned Gray joined Delaware Investments in June 2005 in his current position, developing the firm’s Global and International Value Equity team, from Arborway Capital, which he co-founded in January 2005. He previously worked in the investment management business at Thomas Weisel Asset Management, and ValueQuest, which was acquired by TWAM in 2002. At ValueQuest, which he joined in 1987, Gray served as 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.

Kevin P. Loome, CFA
Senior Vice President, Senior Portfolio Manager, Head of High Yield Investments

Kevin P. Loome is head of the High Yield fixed income team, responsible for portfolio construction and strategic asset allocation of all high yield fixed income assets. Prior to joining Delaware Investments in August 2007 in his current position, Loome spent 11 years at T. Rowe Price, starting as an analyst and leaving the firm as a portfolio manager. He began his career with Morgan Stanley as a corporate finance analyst in the New York and London offices. Loome received his bachelor’s degree in commerce from the University of Virginia and earned an MBA from the Tuck School of Business at Dartmouth.

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.

Laura A. Ostrander
Vice President, Senior Portfolio Manager

Laura A. Ostrander joined Delaware Investments in August 2010 as a senior portfolio manager specializing in emerging markets debt. Before joining the firm, she worked at Columbia Management, serving as lead portfolio manager on the firm’s multi-sector product since 2002, and as co-portfolio manager of the product since 1999. As lead portfolio manager, Ostrander was responsible for the overall asset allocation across U.S. government, emerging market, developed market foreign government, and high yield corporate bonds, and was directly responsible for the investment of assets in the U.S. and foreign sectors of the product. She was head of the Columbia Management international team from 1996 until her departure. Earlier on, Ostrander held portfolio management roles at American Express Financial, American Express Bank, and Offitbank. She has more than 20 years of experience in the financial services industry and more than 10 years of experience managing global fixed income portfolios. She earned her bachelor’s degree in economics from St. John Fisher College.

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Other Fund information
(Unaudited)

Delaware Enhanced Global Dividend and Income Fund

Change in independent registered public accounting firm

Due to independence matters under the Securities and Exchange Commission’s auditor independence rules relating to the January 4, 2010 acquisition of Delaware Investments (including DMC and DSC) by Macquarie Group, Ernst & Young LLP (E&Y) has resigned as the independent registered public accounting firm for Delaware Enhanced Global Dividend and Income Fund (the Fund) effective May 20, 2010. At a meeting held on May 20, 2010, the Board of Trustees of the Fund, upon recommendation of the Audit Committee, selected PricewaterhouseCoopers LLP (PwC) to serve as the independent registered public accounting firm for the Fund for the fiscal year ending November 30, 2010. During the fiscal years ended November 30, 2009 and 2008, E&Y’s audit reports on the financial statements of the Fund did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. In addition, there were no disagreements between the Fund and E&Y on accounting principles, financial statements disclosures or audit scope, which, if not resolved to the satisfaction of E&Y, would have caused them to make reference to the disagreement in their reports. Neither the Fund nor anyone on its behalf has consulted with PwC at any time prior to their selection with respect to the application of accounting principles to a specified transaction, either completed or proposed or the type of audit opinion that might be rendered on the Fund’s financial statements.

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	Contact information

Patrick P. Coyne Chairman, President, and Chief Executive Officer Delaware Investments® Family of Funds Philadelphia, PA Thomas L. Bennett Private Investor Rosemont, PA 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 Ann R. Leven Consultant ARL Associates New York, NY Thomas F. Madison† President and Chief Executive Officer MLM Partners Inc. Minneapolis, MN Janet L. Yeomans† Vice President and Treasurer 3M Corporation St. Paul, MN J. Richard Zecher Founder Investor Analytics Scottsdale, AZ	David F. Connor 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 Senior 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 800 523-1918; (ii) on the Fund’s website at www.delawareinvestments.com; and (iii) on the SEC’s website at www.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 www.delawareinvestments.com; and (ii) on the SEC’s website at www.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 BNY Mellon Shareowner Services 480 Washington Blvd. Jersey City, NJ 07310 800 851-9677 For securities dealers and financial institutions representatives 800 362-7500 Website www.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 BNY Mellon Shareowner Services, at 800 851-9677. 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

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

PATRICK P. COYNE

By: Patrick P. Coyne

Title: Chief Executive Officer

Date: July 25, 2011

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.

PATRICK P. COYNE

By: Patrick P. Coyne

Title: Chief Executive Officer

Date: July 25, 2011

RICHARD SALUS

By: Richard Salus

Title: Chief Financial Officer

Date: July 25, 2011