Nomura Science and Technology Fund(formerly, Macquarie Science and Technology Fund)*

Key features

Investing at the intersection of innovation and quality

Seeking innovative opportunities across the broad market

Built on a six-decade firm legacy of technology investing expertise

Daily pricing as of 01/13/2026

NAV
$88.89
NAV 1-day net change
-0.25
Max offer price
$88.89

Total net assets as of 12/31/2025

All share classes
$6.6 billion

Overview

Fund information
Inception date 04/02/2007
Dividends paid (if any) Annually
Capital gains paid (if any) December
Fund identifiers
NASDAQ ISTIX
CUSIP 466001807

Benchmark and peer group

S&P North American Technology Sector Index (view definition)

Morningstar Technology Category (view definition)

Lipper Science & Technology Category (view definition)

Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor (as applicable) for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return as of month-end (12/31/2025)

YTD 1 year 3 year 5 year 10 year Lifetime Inception date
NAV (%) (view definition) 34.15% 34.15% 35.55% 14.30% 17.86% 14.78% 04/02/2007
S&P North American Technology Sector TR Index (%) 27.82% 27.82% 40.99% 18.02% 22.54% n/a

Returns for less than one year are not annualized.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Average annual total return as of quarter-end (12/31/2025)

1 year 3 year 5 year 10 year Lifetime Inception date
NAV (%) (view definition) 2.71% 34.15% 35.55% 14.30% 17.86% 14.78% 04/02/2007
S&P North American Technology Sector TR Index (%) 3.39% 27.82% 40.99% 18.02% 22.54% n/a

Returns for less than one year are not annualized.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Overall Morningstar RatingTM

Institutional Class shares - as of 12/31/2025

MorningstarMorningstarMorningstarMorningstar
Rating No. of funds
Overall 4 220
3 years 4 220
5 years 4 197
10 years 3 146
Morningstar category Technology

(View Morningstar disclosure)

The Morningstar rating is based on risk-adjusted returns.

Morningstar ranking - as of 12/31/2025
1 year 51 / 251
3 years 78 / 220
5 years 57 / 197
10 years 89 / 146
Morningstar category Technology

(View Morningstar disclosure)

The Morningstar ranking is based on historical total returns.

Lipper ranking - as of 12/31/2025
1 year 30 / 175
3 years 56 / 166
5 years 46 / 146
10 years 63 / 118
Lipper classification Lipper Science & Technology Funds

(View Lipper disclosure)

The Lipper ranking is based on historical total returns.

Expense ratio

Gross
0.93%
Net
0.92%

Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from July 31, 2025 through July 30, 2026. Please see the fee table in the Fund's prospectus for more information.

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2025
34.15%
2024
31.69%
2023
41.00%
2022
-32.25%
2021
15.64%
2020
36.32%
2019
50.51%
2018
-4.90%
2017
33.13%
2016
1.99%
2015
-2.87%

Portfolio

Portfolio characteristics as of 12/31/2025

Number of holdings
38
Market cap (median) Source: FactSet
$155.1 billion
Market cap (weighted average) Source: FactSet
$1.13 trillion
Portfolio turnover (last fiscal year)
45%
Beta (relative to S&P North American Technology Sector TR Index) (view definition)
1.01
Annualized standard deviation, 3 years (view definition)
19.89

Portfolio composition as of 12/31/2025
Total may not equal 100% due to rounding.

Domestic equities
84.5%
International equities & depositary receipts
15.4%
Cash, cash equivalents and other assets
0.1%

Top 10 holdings as of 12/31/2025

Holdings are as of the date indicated and subject to change.

List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.

Holdings based by issuer.

Holding
% of portfolio
Holding
% of portfolio
NVIDIA CORPORATION
8.14
SEAGATE TECHNOLOGY UNLIMITED CO
6.37
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
5.08
MICROSOFT CORPORATION
4.97
ALPHABET INC
4.51
AMAZON.COM INC
4.44
BROADCOM INC
4.37
LAM RESEARCH CORPORATION
4.16
ADVANCED MICRO DEVICES INC
3.86
TEXAS INSTRUMENTS INC
3.00

Total % Portfolio in Top 10 holdings - 48.90%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 12/31/2025

List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.

Sector
Fund
Sector
Fund
Information technology
67.3%
Communication services
13.1%
Consumer discretionary
10.3%
Healthcare
4.8%
Industrials
3.5%
Financials
0.9%

Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)

Year
Capital gains3
Net investment income
Year
Capital gains3
Net investment income
2025
10.603
0.000
2024
9.242
0.000
2023
5.331
0.000
2022
12.373
0.000
2021
30.863
0.000
2020
7.937
0.000
2019
8.305
0.000
2018
7.451
0.000
2017
4.537
0.000
2016
0.000
0.000
2015
1.260
0.000

1If a Fund makes a distribution from any source other than net income, it is required to provide shareholders with a notice disclosing the source of such distribution (each a "Notice"). The amounts and sources of distributions reported above and in each Notice are only estimates and are not provided for tax reporting purposes. Each Fund will send each shareholder a Form 1099 DIV for the calendar year that will provide definitive information on how to report the Fund's distributions for federal income tax purposes. The information in the table above will not be updated to reflect any subsequent recharacterization of dividends and distributions. Click here to see recent Notices pertaining to the Fund (if any).

2Information on return of capital distributions (if any) is only provided from June 1, 2014 onward.

3Includes both short- and long-term capital gains.

Management

Gus C Zinn

Gus Zinn, CFA

  • Senior Portfolio Manager
  • Start date on the Fund: December 2021
  • Years of industry experience: 27
  • Read bio
Bradley J Warden

Bradley Warden, CFA

  • Senior Portfolio Manager
  • Start date on the Fund: October 2016
  • Years of industry experience: 28
  • Read bio

Fees

Shareholder fees
Maximum sales charge (load) imposed on purchases as a percentage of offering price none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower none
Annual fund operating expenses
Management fees 0.79%
Distribution and service (12b-1) fees none
Other expenses 0.14%
Total annual fund operating expenses 0.93%
Fee waivers and expense reimbursements1 (0.01%)
Total annual fund operating expenses after fee waivers and expense reimbursements 0.92%

1Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from July 31, 2025 through July 30, 2026. Please see the fee table in the Fund's prospectus for more information.

Institutional Class shares are available only to certain investors.

Please see the prospectus and SAI for additional information.

Resources

*(formerly, Delaware Ivy Science and Technology Fund)

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and its summary prospectus, which may be obtained by visiting nomuraassetmanagement.com/literature or calling 877 693-3546. Investors should read the prospectus and the summary prospectus carefully before investing.

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and its summary prospectus, which may be obtained by visiting nomuraassetmanagement.com/literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Employees of the Manager's affiliates outside the US participate in the management of certain Funds as “associated persons” of DMC under DMC's oversight, in accordance with SEC guidance as to “participating affiliate” arrangements. These associated persons may, on behalf of DMC, provide discretionary investment management services, trading, research and related services directly or indirectly to the Funds.

Investing involves risk, including the possible loss of principal.

Because the Fund invests more than 25% of its total assets in the science and technology industry, the Fund’s performance may be more susceptible to a single economic, regulatory or technological occurrence than a fund that does not concentrate its investments in this industry.

“Non-diversified” funds may allocate more of their net assets to investments in single securities than “diversified” funds. Resulting adverse effects may subject these funds to greater risks and volatility.

Investment risks associated with investing in science and technology securities, in addition to other risks, include: operating in rapidly changing fields, abrupt or erratic market movements, limited product lines, markets or financial resources, management that is dependent on a limited number of people, short product cycles, aggressive pricing of products and services, new market entrants and obsolescence of existing technology.

Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund's investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Fund from executing advantageous investment decisions in a timely manner and could negatively impact the Fund's ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Fund.

Not FDIC Insured • No Bank Guarantee • May Lose Value

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

You can check the background of your investment professional on FINRA's BrokerCheck.