Investment objective & strategy
As of March 27, 2026 · prospectusObjective. Nomura Value Fund seeks long-term capital appreciation.
Strategy. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies (the 80% policy). The Fund invests primarily in securities of large-capitalization companies that the Funds investment manager, Delaware Management Company (Manager), believes have long-term capital appreciation potential. The Manager currently defines large-capitalization stocks as those with market capitalizations of $5 billion or greater at the time of purchase. Typically, the Manager seeks to select securities that it believes are undervalued in relation to their intrinsic value, as indicated by multiple factors, including the earnings and cash flow potential or the asset value of the respective issuers. The Manager also considers a companys … Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies (the 80% policy). The Fund invests primarily in securities of large-capitalization companies that the Funds investment manager, Delaware Management Company (Manager), believes have long-term capital appreciation potential. The Manager currently defines large-capitalization stocks as those with market capitalizations of $5 billion or greater at the time of purchase. Typically, the Manager seeks to select securities that it believes are undervalued in relation to their intrinsic value, as indicated by multiple factors, including the earnings and cash flow potential or the asset value of the respective issuers. The Manager also considers a companys plans for future operations on a selective basis. The Manager may sell a security if it no longer believes the security will contribute to meeting the investment objective of the Fund. The Funds 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days notice prior to any such change.
Top holdings
As of Feb. 27, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ALPHABET INC CL A | — | $75.32M | 3.83% |
| DUPONT DE NEMOURS INC | — | $69.45M | 3.54% |
| CSX CORP | — | $69.41M | 3.53% |
| PROLOGIS INC REIT | — | $68.98M | 3.51% |
| TELEDYNE TECHNOLOGIES INC | — | $65.22M | 3.32% |
| EXXON MOBIL CORP | — | $64.77M | 3.30% |
| DUKE ENERGY CORP NEW | — | $64.74M | 3.30% |
| ANALOG DEVICES INC | — | $62.63M | 3.19% |
| SCHWAB CHARLES CORP | — | $62.32M | 3.17% |
| ZOETIS INC CL A | — | $61.62M | 3.14% |
Portfolio moves
Nov 28, 2025 → Feb 27, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Nomura VIP Value Series | 91% | 0.98% |
| TETON Westwood Equity Fund · WEQCX, WEECX, WESWX, WEEIX | 29% | 1.43% |
| MFS Active Value ETF · MFSV | 28% | 0.44% |
Advisers
| Firm | Role |
|---|---|
| Macquarie Investment Management Business Trust | Adviser |
| Macquarie Investment Management Global Limited | Sub-adviser |
Footnotes
- Expense ratio as of March 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 27, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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