ABOUT ACCESS CAPITAL STRATEGIES

Access Capital Strategies is a pioneer in the creation of secondary markets for Community Development Investments. Founded in 1997, we actively manage over $615 million in community investments located in 46 states and territories as of June 30, 2008.

Our core investment approach is to create specialized mortgaged and asset-backed securities that support low- and moderate-income homebuyers, affordable housing, education, health care and job creation in underserved communities.

We believe a well-crafted, economically targeted investment strategy can build stronger communities and deliver competitive risk-adjusted returns.

Our Clients
Access Capital serves a number of different types of investors including:
• Banks and related Financial Institutions
• Foundations, Endowments and Community Trusts
• Corporations
• Health Care Institutions
• Insurance Companies
• Public Pension Funds

Today, our Community Investment strategies are available both as a Mutual Fund and Institutional Separate Account.
Mutual Fund
  Access Capital Community Investment Fund

Institutional Separate Account
  Access Capital Community Investment Strategy

Management of the strategy remains the same – just some of the mechanics differ between the two investment vehicles.






Before investing, you should carefully consider the fund's investment objectives, risks, charges and expenses. This and other information is included in the prospectus, which you can request by visiting www.voyageur.net/AccessCapital or calling 800.973.0073. Please read the prospectus carefully before investing.

Investment in the Fund involves risks including, but not limited to: the effects of leveraging the Fund’s portfolio; concentration in the affordable housing market and related mortgage backed securities; competition for investments; interest rate risk; and use of derivatives.

Voyageur Asset Management Inc. servers as investment adviser for the Access Capital Community Investment Fund (the Fund). The Fund is distributed by Tamarack Distributors Inc.



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