Key features
A high quality, research-driven corporate bond fund designed for long-term growth
Leverages the team's credit expertise and presence in corporate bond market
An experienced management team and a time-tested process and philosophy
Daily pricing
as of
11/28/2025
NAV 1-day net change
-0.02
Total net assets
as of
10/31/2025
All share classes
$1.1 billion
Overview
| Fund identifiers |
| NASDAQ |
DGCIX |
| CUSIP |
245908751 |
Benchmark and peer group
Portfolio
Number of credit issuers
154
Portfolio turnover (last fiscal year)
144%
Asset-backed securities
2.1%
U.S. government securities
-0.5%
Values in excess of 100% and negative values may appear as the result of certain assets and liabilities. See the Fund's prospectus for securities in which the Fund would typically invest.
Top 10 fixed income holdings as of 10/31/2025
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
TIME WARNER CABLE LLC
1.04
HYUNDAI CAPITAL AMERICA
0.86
NORTHWESTERN MUTUAL GLOBAL FUNDING
0.86
GOLDMAN SACHS GROUP INC/THE
0.82
Total % Portfolio in Top 10 holdings - 9.98%
Fixed income sectors
as of 10/31/2025
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Financial institutions
42.5%
Consumer noncyclical
8.4%
Credit quality as of 10/31/2025
Total may not equal 100% due to rounding. The Fund’s investment manager, Delaware Management Company (DMC) receives “Credit Quality” ratings for the underlying securities held by the Fund from three “nationally recognized statistical rating organizations” (NRSROs) — Standard & Poor’s (S&P), Moody’s Investors Service, and Fitch, Inc. The credit quality breakdown is calculated by DMC based on the NSRO ratings and the index credit quality rules. For securities rated by an NRSRO other than S&P, that rating is converted to the equivalent S&P credit rating. Securities that are unrated by any of the three NRSROs are included in the “not rated” category when applicable. Unrated securities do not necessarily indicate low quality. More information about securities ratings is contained in the Fund’s Statement of Additional Information.
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)
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
Michael Wildstein, CFA
-
Head of US Credit and Insurance
-
Start date on the Fund:
November 2014
-
Years of industry experience:
24
-
Read bio
Michael Wildstein
Head of US Credit and Insurance
Michael is Head of US Credit and Insurance for Nomura Asset Management International, a role he assumed in July 2018 at Macquarie Asset Management. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. He is responsible for investment strategy and business development across the full suite of US Credit and Insurance strategies. Michael has managed corporate credit-related portfolios since July 2010.
Previously, he was a Senior Corporate Bond Analyst at Delaware Investments (which was acquired by Macquarie in 2010), focused on the telecommunications sector for high-grade and high yield portfolios. Before that, Michael spent five years at Merrill Lynch Investment Managers in various roles that included Portfolio Manager for the Core Bond Team, Corporate Bond Research Analyst, and Corporate Bond Trader. Prior to this, Michael worked in finance, corporate strategy, and business development with several firms including RCN Corporation and AT&T Local Services.
He earned a Master of Business Administration from Drexel University and a Bachelor of Science from the University of Tampa. He holds the Chartered Financial Analyst® designation.
Kashif Ishaq
-
Senior Portfolio Manager
-
Start date on the Fund:
November 2013
-
Years of industry experience:
23
-
Read bio
Kashif Ishaq
Senior Portfolio Manager
Kashif is a Senior Portfolio Manager for Fixed Income at Nomura Asset Management International, a role he assumed in September 2020 at Macquarie Asset Management. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. Kashif manages corporate bond exposures within fixed income portfolios and oversees corporate credit traders.
He began his career in 2003 as a fixed income Portfolio Analyst with Delaware Investments (which was acquired by Macquarie in 2010) on the Insurance Portfolio Management Team and was later promoted to Investment Grade Trader. Before that, Kashif had participated in Lincoln Financial Group’s Rotational Professional Development Program.
He earned a Bachelor of Science in corporate finance and accounting from Bentley College.
Fees
The table below describes the fees and expenses that you may pay if you buy, hold, and sell
shares of the Fund.
You may pay other fees, such as brokerage commissions and other fees
to financial intermediaries, which are not reflected in the table below. You may
qualify for sales-charge discounts if you and your family invest, or agree to invest in the
future, at least $100,000 in Nomura Funds. More information about these and other
discounts is available from your financial intermediary, in the Fund’s Prospectus under the
section entitled “About your account,” and in the Fund’s statement of additional information
(SAI) under the section entitled “Purchasing Shares.”
| 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 |
0.48% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.16% |
| Total annual fund operating expenses |
0.64% |
| Fee waivers and expense reimbursements |
(0.10%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements1 |
0.54% |
1Net expense ratio reflects a contractual waiver of certain fees and/or expense
reimbursements from November 29, 2024 through November 28, 2025. 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
Fact sheet and commentaries
Shareholder report – Annual
Shareholder report – Semi-annual