As of December 1, 2025, Nomura Holding America Inc. completed the
acquisition of
Macquarie Asset Management's US and European public investments business.
This information is a general description of Nomura Asset Management
only. The
views expressed on this website represent those of the relevant investment team and are
subject to
change. No information set out above constitutes advice, an advertisement, an
invitation, a
confirmation, an offer or a solicitation, to buy or sell any security or other
financial product or
to
engage in any investment activity, or an offer of any banking or financial service.
Some products
and/or services mentioned on this website may not be suitable for you and may not be
available in
all
jurisdictions.
Investing involves risk including the possible loss of principal.
The investment
capabilities described in this website involve risks due, among other things, to the
nature of the
underlying investments. All examples herein are for illustrative purposes only and
there can be no
assurance that any particular investment objective will be realized or any investment
strategy
seeking
to achieve such objective will be successful. Past performance is not a reliable
indication of
future
performance.
Before acting on any information, you should consider the
appropriateness of it
having regard to your particular objectives, financial situation and needs and seek
advice.
Nomura Asset Management, unless otherwise stated, refers to the
Nomura Asset
Management International business. Nomura Asset Management is part of the Investment
Management
Division of the Nomura Group, providing integrated public and private market asset
management
services
across equities, fixed income, private credit and multi-asset solutions to intermediary
and
institutional clients. Nomura Asset Management primarily operates through several
distinct
investment
managers, which includes Nomura Investment Management Business Trust (NIMBT), a
Securities and
Exchange Commission (SEC) registered investment adviser. Investment advisory services
are provided
to
the Nomura Funds by Delaware Management Company, a series of NIMBT. The Nomura Funds
are
distributed
by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial
Industry
Regulatory Authority (FINRA) and an affiliate of NIMBT. Investments in small and/or
medium-sized
companies typically exhibit greater risk and higher volatility than larger, more
established
companies.
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.
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.
Investments in small and/or medium-sized companies typically exhibit
greater
risk
and higher volatility than larger, more established companies.
There is no guarantee that dividend-paying stocks will continue to
pay
dividends.
Risk is increased in a concentrated portfolio since it holds a
limited number of
securities with each investment having a greater effect on the overall performance.
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
Series'
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 Series
from
executing
advantageous investment decisions in a timely manner and could negatively impact the
Series'
ability
to achieve its investment objective. Any such event(s) could have a significant adverse
impact on
the
value and risk profile of the Series.
The Russell 2000 Index measures the performance of
the
small-cap
segment of the US
equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index,
representing
approximately 10% of the total market capitalization of that index.
The Russell Midcap Index measures the performance
of the
mid-cap
segment of the US
equity universe. The Russell Midcap Index is a subset of the Russell 1000® Index.
The Russell Top 200 Index measures the performance
of the
largest
cap segment of
the US equity universe. The Russell Top 200 Index is a subset of the Russell 3000
Index. It
includes
approximately 200 of the largest securities based on a combination of their market cap
and current
index membership and represents approximately 68% of the Russell 3000 Index, as of the
most recent
reconstitution.
Index performance returns do not reflect any management fees,
transaction costs,
or
expenses. Indices are unmanaged and one cannot invest directly in an index.
Frank Russell Company is the source and owner of the trademarks,
service marks
and
copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell
Company.
All third-party marks cited are the property of their respective
owners
© 2026 Nomura Asset Management International Inc.
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