Key features
Total net assets
as of
//
All share classes
NaN million
Overview
Benchmark and peer group
Portfolio
Top 10 fixed income holdings as of //
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
Fixed income sectors
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.
Technology media & telecommunications
9.6%
Credit quality as of //
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
Mansur Rasul
-
Head of Emerging Markets Debt
-
Start date on the Fund:
July 2016
-
Years of industry experience:
23
-
Read bio
Mansur Rasul
Head of Emerging Markets Debt
Mansur is Head of Emerging Markets Debt at Nomura Asset Management International, a role he assumed in December 2025. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025.
Previously, he was a Senior Portfolio Manager on the Emerging Markets Debt Team at Macquarie Asset Management since July 2016. Prior to his role managing emerging markets credit portfolios, he was responsible for emerging markets trading. Before joining Macquarie in 2012, he worked at ING Financial Markets, where he was responsible for emerging markets credit trading and structuring. Prior to that, he worked for Daiwa Capital Markets America as Director of the firm’s fixed income syndicate, responsible for the placement of all fixed income products to US-based accounts. He also worked with Merrill Lynch as an associate responsible for Asian credit trading and worked at Delaware Investments as an Analyst.
Mansur earned a Bachelor of Science in economics with a minor in political science from Northwestern University.
Sean Simmons, CFA, CMT
-
Executive Director, Foreign Exchange Strategist, Senior Trader
-
Start date on the Fund:
July 2016
-
Years of industry experience:
25
-
Read bio
Sean Simmons
Executive Director, Foreign Exchange Strategist, Senior Trader
Sean is a Foreign Exchange Strategist and Senior Trader for the Emerging Markets Debt Team at Nomura Asset Management International. He is responsible for trading across all emerging market debt strategies, as well as providing strategic analysis for emerging market debt portfolios. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025.
Previously, Sean held the same role at Macquarie Asset Management and, before that, at Delaware Investments (which was acquired by Macquarie in 2010) beginning in 2007. Prior to Delaware Investments, he worked as a Derivatives Strategist for Susquehanna International Group and as a Proprietary Derivatives Trader for Wolverine Trading.
Sean earned a Masters in Finance from London Business School and a Bachelor of Science in economics from Rutgers University. He holds the Chartered Financial Analyst® and Chartered Market Technician® designations, and he is a member of the CFA Society of Philadelphia.
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 |
0.75% |
| Distribution and service (12b-1) fees |
none |
| Other expenses1 |
0.36% |
| Total annual fund operating expenses |
1.11% |
| Fee waivers and expense reimbursements |
(0.31%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements2 |
0.80% |
1Other expenses contain a 0.01% acquired fund fees and expenses. Acquired fund fees and
expenses sets forth the Fund's pro rata portion of the cumulative expenses charged by the registered
investment companies (RICs) in which the Fund invested during the last fiscal year. The actual Acquired
fund fees and expenses will vary with changes in the allocations of the Fund's assets. The Acquired fund
fees and expenses shown are based on the total expense ratio of the RICs for the RICs' most recent fiscal
period. These expenses are not direct costs paid by Fund shareholders, and are not used to calculate the
Fund's NAV.
2Net 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