EX-99.g.2.iv

AMENDMENT NO. 4 TO SECURITIES LENDING AUTHORIZATION AGREEMENT

This AMENDMENT NO. 4 TO SECURITIES LENDING AUTHORIZATION AGREEMENT is made and effective as of the 17th day of December, 2015 (the “Effective Date”), by and between each investment company listed on Schedule 1 attached hereto (referred to herein, individually, as a “Client” and, collectively, as the “Clients”) on behalf of one or more of its series funds listed below such investment company on Schedule 1 attached hereto (referred to herein, individually, as a “Fund” and, collectively, as the “Funds”) and THE BANK OF NEW YORK MELLON, successor by operation of law to Mellon Bank, N.A (the "Lending Agent").

WHEREAS, the Client and Mellon Bank, N.A., have entered into a certain Securities Lending Authorization Agreement dated as of July 20, 2007 with respect to certain lendable securities held by each Fund (as amended, modified or supplemented from time to time, the “Agreement”); and

WHEREAS, The Bank of New York Mellon has succeeded by operation of law to all right, title and interest of Mellon Bank, N.A., in, to and under the Agreement; and

WHEREAS, the Client and the Lending Agent desire to amend the Agreement in certain respects as hereinafter provided:

NOW, THEREFORE, the parties hereto, each intending to be legally bound, do hereby agree as follows:

1. From and after the Effective Date, the Agreement is hereby amended by deleting the first five paragraphs of Section 6(a) (entitled “Collateral Investment”), which had been added to the Agreement in Amendment No. 3 thereto, and substituting in lieu thereof the following:

6(a).  Collateral Investment. The Lending Agent is hereby authorized to invest and reinvest, on behalf of each Fund, any and all Cash Collateral (as defined below) in any Approved Investment as agreed upon by the Lending Agent and the Client and as set forth in Exhibit B hereto (“Approved Investments”).

For purposes hereof:

“Cash Collateral” shall mean, collectively,

(i) redemption proceeds of all units of the Delaware Investments Collateral Fund No. 1 (the “Delaware Investments Collective Fund”), a series of Delaware Investments Collateral Trust, held by the Lending Agent for the account of each Fund as of the Effective Date; and

(ii) cash Collateral (or additional cash Collateral) received by the Lending Agent from and after the Effective Date.

Notwithstanding any other provision hereof, it is acknowledged and agreed that units of the Delaware Investments Collective Fund held for the account of each Fund shall continue to constitute an Approved Investment pending the redemption of all of the Fund’s units in connection with the establishment of a separately managed cash collateral account for the Fund.

2.         From and after the Effective Date, the Agreement is hereby amended by deleting Exhibit B therefrom in its entirety and substituting in lieu thereof a new Exhibit B identical to that which is attached hereto as Attachment 1.

3.        Except as expressly amended hereby, all of the provisions of the Agreement shall continue in full force and effect; and are hereby ratified and confirmed in all respects. Upon the effectiveness of this Amendment, all references in the Agreement to “this Agreement” (and all indirect references such as “herein”, “hereby”, “hereunder” and “hereof”) shall be deemed to refer to the Agreement as amended by this Amendment.

            IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above.

ATTACHMENT 1

to

AMENDMENT NO. 4 TO SECURITIES LENDING AUTHORIZATION AGREEMENT

which Amendment is made and effective as of December ___, 2015, by and between THE BANK OF NEW YORK MELLON, successor by operation of law to Mellon Bank, (the “Lending Agent”) and the Clients on behalf of their respective Funds.

EXHIBIT B

to

SECURITIES LENDING AUTHORIZATION AGREEMENT

dated July 20, 2007

by and between

THE BANK OF NEW YORK MELLON, as Lending Agent, and the Clients on behalf of their respective Funds. (as

amended from time to time, the “Agreement”)

APPROVED INVESTMENTS

In accordance with Section 6 of the Agreement, Cash Collateral received by the Lending Agent on behalf of each Fund shall be held and maintained in a separately managed Cash Collateral account established and maintained by the Lending Agent for such Fund (the “Cash Collateral Account”), the assets of which shall be invested and reinvested in one or more of the Approved Investments as set forth below and issued by issuers who, at the time of purchase, are on the list provided to Lending Agent by the Clients and updated by the Clients from time to time in their sole discretion (the “Approved List”). Notwithstanding the foregoing sentence, direct obligations of the U.S. Treasury are approved for purchase at any time.

While each Fund’s Cash Collateral Account will be operated on a cost basis, there is no guarantee that there will not be differences from time to time between the cost and the underlying fair market value of the assets held in the Cash Collateral Account. The cost or book value of the investment assets held in a Cash Collateral Account and their fair market value may differ from time to time. This difference may constitute an investment loss. In accordance with Section 6 of the Agreement, if at any time an Affected Fund’s Cash Collateral Account is insufficient to satisfy the Affected Fund’s obligation to return the full amount of Cash Collateral owed to the Borrowers, the Affected Fund shall be solely responsible for such shortfall except to the extent that any such shortfall results from the negligence or bad faith of the Lending Agent.

All Approved Investment, Credit Quality, Concentration and Liquidity guidelines set forth herein shall be applicable only at time of purchase (i.e., trade date).

Approved Investments may have fixed or floating interest rate provisions. Floating rate notes will reset no less frequently than quarterly.

Lending Agent and/or affiliates of Lending Agent may provide services with respect to Approved Investments, and may receive compensation with respect to these services. The Clients consent to the retention by Lending Agent and/or affiliates of Lending Agent of such compensation.

A.       APPROVED INVESTMENTS 

1.           Instruments

Securities not specifically permitted pursuant to this Section A1. are prohibited.

2.         Currency

B.       CREDIT QUALITY

C.        CONCENTRATION /DIVERSIFICATION GUIDELINES

D.       MATURITY GUIDELINES

E.       LIQUIDITY GUIDELINES

F.       CERTAIN DEFINITIONS

As used in these guidelines:

“Asset backed security” means a fixed income security (other than a Government Security) issued by a Special Purpose Entity (as defined in this paragraph), substantially all of the assets of which consist of Qualifying Assets (as defined in this paragraph). “Special Purpose Entity” means a trust, corporation, partnership or other entity organized for the sole purpose of issuing securities that entitle their holders to receive payments that depend primarily on the cash flow from Qualifying Assets, but does not include a registered investment company. “Qualifying Assets” means financial assets, either fixed or revolving, that by their terms convert into cash within a finite time period, plus any rights or other assets designed to assure the servicing or timely distribution of proceeds to security holders.

“Collateralized fully” shall mean

(i) The value of the securities collateralizing the repurchase agreement is, and during the entire term of the repurchase agreement remains, at least equal to the repurchase price provided in the repurchase agreement;

(ii) The Lending Agent has perfected its security interest in the collateral;

(iii) The collateral is maintained in an account of the Fund with the Lending Agent or a third party that qualifies as a custodian; and

(iv) The collateral consists entirely of;

(A) Cash items; or

(B) Government Securities

“Demand feature” means a feature permitting the holder of a security to sell the security at an exercise price equal to the approximate amortized cost of the security plus accrued interest, if any, at the later of the time of exercise or settlement of the transaction, paid within 397 calendar days of exercise.

“Designated NRSRO” means any one of Standard & Poor, Moody’s Investor Service and Fitch.

“Eligible security” means

(i)      A rated security with a remaining maturity of 397 calendar days or less that has received a rating from the requisite NRSROs in one of the two highest short-term rating categories (within which there may be sub-categories or gradations indicating relative standing); or

(ii)     an Unrated security that is of comparable quality to a security meeting the requirements for a rated security in paragraph (i) of this section, as determined by the Fund’s board of directors; provided, however, that: a security that at the time of issuance had a remaining maturity of more than 397 calendar days but that has a remaining maturity of 397 calendar days or less and that is an unrated security is not an eligible security if the security has received a long-term rating from any designated NRSRO that is not within the designated NRSRO’s three highest long-term ratings categories (within which there may be sub-categories or gradations indicating relative standing), unless the security has received a long-term rating from the requisite NRSROs in one of the three highest rating categories. (For purposes hereof, any Unrated security (including any Certificates of deposit, time

deposits and other bank obligations) issued by an issuer on the Approved List shall be deemed for all purposes to have been determined by the Fund’s board of directors to of comparable quality to a security meeting the requirements for a rated security in paragraph (i) of this section.)

(iii)       In addition, in the case of a security that it subject to a demand feature or guarantee:

(A)       The guarantee has received a rating from a designated NRSRO or the guarantee is issued by a guarantor that has received a rating from a designated NRSRO with respect to a class of debt obligations (or any debt obligation within that class) that is comparable in priority and security to the guarantee, unless:

(1)       The guarantee is issued by a person that, directly or indirectly, controls, is controlled by or is under common control with the issuer of the security subject to the guarantee (other than a sponsor of a special purpose entity with respect to an asset-backed security);

(2)       The security subject to the guarantee is a repurchase agreement that is collateralized fully; or

(3)       The guarantee is itself a government security; and

(B)       The issuer of the demand feature or guarantee, or another institution, has undertaken promptly to notify the holder of the security in the event the demand feature or guarantee is substituted with another demand feature or guarantee (if such substitution is permissible under the terms of the demand feature or guarantee).

“First Tier Security” means any Eligible Security that:

(i) Is a Rated Security that has received a short-term rating from the Requisite NRSROs in the highest short-term rating category for debt obligations (within which there may be sub-categories or gradations indicating relative standing);

(ii) Is an Unrated Security (including Certificates of deposit, time deposits and other bank obligations) that is of comparable quality to a security meeting the requirements for a Rated Security in paragraph (i) of this section, as determined by the Fund's board of directors; (For purposes hereof, any Unrated Security issued by an issuer on the Approved List shall be deemed for all purposes to have been determined by the Fund’s board of directors to of comparable quality to a security meeting the requirements for a Rated Security in paragraph (i) of this section.)

(iii) Is a security issued by a registered investment company that is a money market fund; or

(iv) Is a Government Security

“Government Security” means any security issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing

“Guarantee” (i) means an unconditional obligation of a person other than the issuer of the security to undertake to pay, upon presentment by the holder of the guarantee (if required), the principal amount of the underlying security plus accrued interest when due or upon default, or, in the case of an unconditional demand feature, an obligation that entitles the holder to receive upon the later of exercise or the settlement of the transaction the approximate amortized cost of the underlying security or securities, plus accrued interest, if any. A guarantee includes a letter of credit, financial guaranty (bond) insurance, and an unconditional demand feature (other than an unconditional demand feature provided by the issuer of the security).

(ii)       The sponsor of a special purpose entity with respect to an asset-backed security shall be deemed to have provided a guarantee with respect to the entire principal amount of the asset-backed security for purposes of this section, except with respect to the definition of eligible security.

“Illiquid security” means a security that cannot be sold or disposed of in the ordinary course of business within seven calendar days at approximately the value ascribed to it by the fund.

“Rated security” means a security that meets the requirements of paragraphs (i) or (ii) below, in each case subject to paragraph (iii) below of this section:

(i)       The security has received a short-term rating from a designated NRSRO, or has been issued by an issuer that has received a short-term rating from a designated NRSRO with respect to a class of debt obligations (or any debt obligation within that class) that is comparable in priority and security with the security; or

(ii)       The security is subject to a guarantee that has received a short-term rating from a designated NRSRO, or a guarantee issued by a guarantor that has received a short-term rating from a designated NRSRO with respect to a class of debt obligations (or any debt obligation within that class) that is comparable in priority and security with the guarantee; but

(iii)       A security is not a rated security if it is subject to an external credit support agreement (including an arrangement by which the security has become a refunded security) that was not in effect when the security was assigned its rating, unless the security has received a short-term rating

reflecting the existence of the credit support agreement as provided in paragraph(i) of this section, or the credit support agreement with respect to the security has received a short-term rating as provided in paragraph (ii) of this section.

“Requisite NRSROs” means:

(i) Any two designated NRSROs that have issued a rating with respect to a security or class of debt obligations of an issuer; or

(ii)       If only one designated NRSRO has issued a rating with respect to such security or class of debt obligations of an issuer at the time the fund acquires the security, that designated NRSRO.

“Unrated security” means a security that is not a Rated Security.

SCHEDULE 1

to

AMENDMENT NO 4. TO SECURITIES LENDING AUTHORIZATION AGREEMENT

which Amendment is made and effective as of December __, 2015, by and between THE BANK OF NEW YORK MELLON, successor by operation of law to Mellon Bank, (the “Lending Agent”) and the Clients on behalf of their respective Funds.

DELAWARE GROUP ADVISER FUNDS, a Delaware statutory trust

SEC Registration No. 811-07972 (1940 Act)

033-67490 (1933 Act)

Registrant CIK# 0000910682

Tax Year End: October 31

DELAWARE GROUP CASH RESERVE, a Delaware statutory trust

SEC Registration No. 811-02806 (1940 Act)

2-60770 (1933 Act)

Registrant CIK# 230173

Tax Year End: March 31

DELAWARE GROUP EQUITY FUNDS I, a Delaware statutory trust

SEC Registration No. 811-249 (1940 Act)

2-10765 (1933 Act)

Registrant CIK# 027801

Tax Year End: October 31

DELAWARE GROUP EQUITY FUNDS II, a Delaware statutory trust

SEC Registration No. 811-750 (1940 Act)

2-13017 (1933 Act)

Registrant CIK# 027574

Tax Year End: November 30

DELAWARE GROUP EQUITY FUNDS IV, a Delaware statutory trust

SEC Registration No. 811-4413 (1940 Act)

033-442 (1933 Act)

Registrant CIK# 778108

Tax Year End: March 31

DELAWARE GROUP EQUITY FUNDS V, a Delaware statutory trust

SEC Registration No. 811-4997 (1940 Act)

33-11419 (1933 Act)

Registrant CIK# 809821

Tax Year End: November 30

DELAWARE GROUP FOUNDATION FUNDS, a Delaware statutory trust

SEC Registration No. 811-08457 (1940 Act)

333-38801 (1933 Act)

Registrant CIK# 1048133

Tax Year End: March 31

DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, a Delaware statutory trust

SEC Registration No. 811-6324 (1940 Act)

33-41034 (1933 Act)

Registrant CIK# 875610

Tax Year End: November 30

DELAWARE GROUP GOVERNMENT FUND, a Delaware statutory trust

SEC Registration No. 811-4304 (1940 Act)

2-97889 (1933 Act)

Registrant CIK# 769220

Tax Year End: July 31

DELAWARE GROUP INCOME FUNDS, a Delaware statutory trust

SEC Registration No. 811-2071 (1940 Act)

2-37707 (1933 Act)

Registrant CIK# 027825

Tax Year End: July 31

DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, a Delaware statutory trust

SEC Registration No. 811-3363 (1940 Act)

2-75526 (1933 Act)

Registrant CIK# 357059

Tax Year End: December 31

DELAWARE GROUP TAX-FREE FUND, a Delaware statutory trust

SEC Registration No. 811-3850 (1940 Act)

2-86606 (1933 Act)

Registrant CIK# 728352

Tax Year End: August 31

DELAWARE POOLED TRUST, a Delaware statutory trust

SEC Registration No. 811-6322 (1940 Act)

33-40991 (1933 Act)

Registrant CIK# 875352

Tax Year End: October 31

DELAWARE VIP TRUST, a Delaware statutory trust

SEC Registration No. 811-5162 (1940 Act)

33-14363 (1933 Act)

Registrant CIK# 814230

Tax Year End: December 31

VOYAGEUR MUTUAL FUNDS III, a Delaware statutory trust

SEC Registration No. 811-4547 (1940 Act)

2-95928 (1933 Act)

Registrant CIK# 763749

Tax Year End: October 31

DELAWARE INVESTMENTS DIVIDEND AND INCOME FUND, INC., a Maryland corporation

SEC Registration No. 811-7460 (1940 Act)

33-57808 (1933 Act)

Registrant CIK# 896923

Tax Year End: November 30

CUSIP: 245915103

Tax ID#: [TIN OMITTED]

DELAWARE INVESTMENTS ENHANCED GLOBAL DIVIDEND AND INCOME FUND, a Delaware statutory trust

SEC Registration No. 811-22050 (1940 Act)

333-142103 (1933 Act)

Registrant CIK# 1396167

Tax Year End: November 30

CUSIP: 246060107

Tax ID#: [TIN OMITTED]