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macquarie:C000006368Member 2023-12-31 2023-12-31 0000809821 macquarie:Dmarchwealthbuilderpro_2512Member macquarie:S000002399Member macquarie:C000006368Member 2024-12-31 2024-12-31 0000809821 macquarie:Dmarchwealthbuilderpro_2512Member macquarie:S000002399Member macquarie:C000006368Member 2025-12-31 2025-12-31 0000809821 macquarie:Dmarchwealthbuilderpro_2512Member macquarie:S000002399Member oef:RiskLoseMoneyMember 2025-11-30 2025-11-30 iso4217:USD pure 0.2108 0.1392 -0.1176 0.2564 0.1508 0.2292 -0.1613 0.1369 0.0999 0.0432 0.3102 0.117 -0.1756 0.2783 -0.0147 0.3391 -0.1242 0.0923 0.1086 0.0768 0.0913 0.0913 -0.072 0.1749 0.0253 0.1784 -0.0875 0.1219 0.1041 0.1304 2025-11-30 false 0000809821 485BPOS N-1A DELAWARE GROUP EQUITY FUNDS V 2026-03-31 What is the Fund’s investment objective? <div>Nomura Small Cap Core Fund seeks long-term capital appreciation.</div> What are the Fund’s fees and expenses? <div>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 tables and examples below. You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie 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.”</div> You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie Funds). 50000 Shareholder fees (fees paid directly from your investment) <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:42.78085735402808%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="height:1px;width:2.219142645971914%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Maximum sales charge (load) imposed on purchases as a percentage of offering price......................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">5.75%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower................................ </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none1</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.00%1</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> </table></div> 0.0575 0 0 0 0 0 0.01 0 0 0 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:42.78085735402808%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="height:1px;width:2.219142645971914%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Management fees................................. </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Distribution and service (12b-1) fees.................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.25%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.00%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.50%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Other expenses................................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.16%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.16%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.16%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.16%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.06%2</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Total annual fund operating expenses................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.04%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.79%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.29%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.79%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.69%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> </table></div> 0.0063 0.0063 0.0063 0.0063 0.0063 0.0025 0.01 0.005 0 0 0.0016 0.0016 0.0016 0.0016 0.0006 0.0104 0.0179 0.0129 0.0079 0.0069 For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. Example <div>This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. In addition, the example shows expenses for Class C shares, assuming those shares were not redeemed at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</div> <div> <table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:34.00036954915004%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> </tr> <tr> <td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">(if not redeemed) C </div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1 year................................ </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$675</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$182</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$282</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$131</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$81</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$70</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">3 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$887</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$563</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$563</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$409</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$252</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$221</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,116</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$970</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$970</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$708</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$439</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$384</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">10 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,773</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$2,105</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$2,105</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,556</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$978</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$859</div> </td> </tr> </table></div> (if notredeemed)C 675 182 282 131 81 70 887 563 563 409 252 221 1116 970 970 708 439 384 1773 2105 2105 1556 978 859 Portfolio turnover <div>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 26% of the average value of its portfolio.</div> 0.26 What are the Fund’s principal investment strategies? <div>The Fund invests primarily in stocks of small companies that its investment manager, Delaware Management Company (Manager), believes have a combination of attractive valuations, growth prospects, and strong cash flows. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be in investments of small-capitalization companies (80% policy). The Fund considers small-capitalization companies to be companies within the market capitalization range of the Russell 2000® Index at the time of purchase.</div><div>The Fund’s 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.</div> The Fund invests primarily in stocks of small companies that its investment manager, Delaware Management Company (Manager), believes have a combination of attractive valuations, growth prospects, and strong cash flows. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be in investments of small-capitalization companies (80% policy). Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. An investment in the Fund may not be appropriate for all investors. <div>Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.</div> <div>Industry and sector risk — The risk that the value of securities in a particular industry or sector will decline because of changing expectations for the performance of that industry or sector.</div> <div>Company size risk — The risk that investments in small- and/or medium-sized companies may be more volatile than those of larger companies because of limited financial resources or dependence on narrow product lines.</div> <div>Interest rate risk — The risk that securities will decrease in value if interest rates rise. The risk is generally associated with fixed-income securities; however, because small- and medium-sized companies and companies in the real estate sector often borrow money to finance their operations, they may be adversely affected by rising interest rates. A fund may be subject to a greater risk of rising interest rates when interest rates are low or inflation rates are high or rising.</div> <div>Liquidity risk — The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them.</div> <div>Government and regulatory risk — The risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.</div> <div>Active management and selection risk — The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.</div> How has Nomura Small Cap Core Fund performed? <div>The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance and an additional index with characteristics relevant to the Fund. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The returns reflect any expense caps in effect during these periods. The returns would be lower without the expense caps. You may obtain the Fund’s most recently available month-end performance by calling 800-523-1918 or by visiting our website at nomuraassetmanagement.com/performance.</div> The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance and an additional index with characteristics relevant to the Fund. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 800-523-1918 nomuraassetmanagement.com/performance Calendar year-by-year total return (Class A) <div><img alt="image" src="pr2514img002.jpg"/></div> <div>During the periods illustrated in this bar chart, Class A’s highest quarterly return was 29.42% for the quarter ended December 31, 2020, and its lowest quarterly return was -27.69% for the quarter ended March 31, 2020. The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total returns in the table below do include the sales charge.</div> highest quarterly return 0.2942 2020-12-31 lowest quarterly return -0.2769 2020-03-31 Average annual total returns for periods ended December 31, 2025 <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:64.00036954915004%"></td> <td style="height:1px;width:11.999260901699925%"></td> <td style="height:1px;width:11.999260901699925%"></td> <td style="height:1px;width:11.999260901699925%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1 year</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5 years</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">10 years or lifetime</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">-1.68%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.86%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.35%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return after taxes on distributions....................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">-2.65%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">3.92%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.32%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return after taxes on distributions and sale of Fund shares..................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">-0.29%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">3.67%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.56%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class C return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">2.56%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.32%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.18%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class R return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.07%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.84%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.72%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Institutional Class return before taxes.......................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.59%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.37%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.27%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class R6 return before taxes (lifetime: 5/2/16–12/31/25)............................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.73%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.50%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.69%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Russell 3000® Index (reflects no deduction for fees, expenses, or taxes)................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">17.15%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">13.15%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">14.29%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Russell 2000® Index (reflects no deduction for fees, expenses, or taxes)................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">12.81%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.09%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.62%</div> </td> </tr> </table></div> -0.0168 0.0486 0.0835 -0.0265 0.0392 0.0732 -0.0029 0.0367 0.0656 0.0256 0.0532 0.0818 0.0407 0.0584 0.0872 0.0459 0.0637 0.0927 2016-05-02 0.0473 0.065 0.0969 (reflects no deduction for fees, expenses, or taxes)(reflects no deduction for fees, expenses, or taxes) 0.1715 0.1315 0.1429 0.1281 0.0609 0.0962 <div>After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</div> After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. What is the Fund’s investment objective? <div>Nomura Small Cap Value Fund seeks capital appreciation.</div> What are the Fund’s fees and expenses? <div>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 tables and examples below. You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie 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.”</div> You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie Funds). 50000 Shareholder fees (fees paid directly from your investment) <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:42.78085735402808%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="height:1px;width:2.219142645971914%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Maximum sales charge (load) imposed on purchases as a percentage of offering price......................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">5.75%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower................................ </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none1</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.00%1</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> </table></div> 0.0575 0 0 0 0 0 0.01 0 0 0 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:42.78085735402808%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="height:1px;width:2.219142645971914%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Management fees................................. </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.65%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.65%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.65%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.65%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.65%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Distribution and service (12b-1) fees.................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.25%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.00%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.50%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Other expenses................................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.19%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.19%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.19%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.19%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.06%2</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Total annual fund operating expenses................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.09%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.84%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.34%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.84%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.71%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> </table></div> 0.0065 0.0065 0.0065 0.0065 0.0065 0.0025 0.01 0.005 0 0 0.0019 0.0019 0.0019 0.0019 0.0006 0.0109 0.0184 0.0134 0.0084 0.0071 For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. Example <div>This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. In addition, the example shows expenses for Class C shares, assuming those shares were not redeemed at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</div> <div> <table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:34.00036954915004%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> </tr> <tr> <td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">(if not redeemed) C </div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1 year................................ </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$680</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$187</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$287</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$136</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$86</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$73</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">3 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$902</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$579</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$579</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$425</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$268</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$227</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,141</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$995</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$995</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$734</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$466</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$395</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">10 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,827</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$2,159</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$2,159</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,613</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,037</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$883</div> </td> </tr> </table></div> (if notredeemed)C 680 187 287 136 86 73 902 579 579 425 268 227 1141 995 995 734 466 395 1827 2159 2159 1613 1037 883 Portfolio turnover <div>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 21% of the average value of its portfolio.</div> 0.21 What are the Fund’s principal investment strategies? <div>The Fund invests primarily in investments of small companies whose stock prices, in the portfolio managers’ opinion, appear low relative to their underlying value or future potential. Among other factors, the Fund’s investment manager, Delaware Management Company (Manager), considers the financial strength of a company, its management, the prospects for its industry, and any anticipated changes within the company that might suggest a more favorable outlook going forward. The Manager focuses on free cash flow in its individual stock selection, seeking companies that it believes have a sustainable ability to buy back shares, lower debt, and/or increase or initiate dividends. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be in investments of small-capitalization companies (80% policy). The Fund considers small-capitalization companies to be companies with a market capitalization generally less than 3.5 times the dollar-weighted, median market capitalization of the Russell 2000® Index at the time of purchase. The Fund may invest up to 15% of its net assets in real estate investment trusts (REITs).</div><div>The Fund’s 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.</div> The Fund invests primarily in investments of small companies whose stock prices, in the portfolio managers’ opinion, appear low relative to their underlying value or future potential. Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. An investment in the Fund may not be appropriate for all investors. <div>Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.</div> <div>Industry and sector risk — The risk that the value of securities in a particular industry or sector (such as financial services) will decline because of changing expectations for the performance of that industry or sector.</div> <div>Company size risk — The risk that investments in small- and/or medium-sized companies may be more volatile than those of larger companies because of limited financial resources or dependence on narrow product lines.</div> <div>Interest rate risk — The risk that securities will decrease in value if interest rates rise. The risk is generally associated with bonds; however, because small- and medium-sized companies and companies in the real estate sector often borrow money to finance their operations, they may be adversely affected by rising interest rates. A fund may be subject to a greater risk of rising interest rates when interest rates are low or inflation rates are high or rising.</div> <div>Real estate industry risk — This risk includes, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds; overbuilding; extended vacancies of properties; increases in competition, property taxes, and operating expenses; changes in zoning laws; costs resulting from the cleanup of, and liability to third parties resulting from, environmental problems; casualty for condemnation losses; uninsured damages from floods, earthquakes, or other natural disasters; limitations on and variations in rents; and changes in interest rates.</div> <div>Liquidity risk — The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them.</div> <div>Government and regulatory risk — The risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.</div> <div>Active management and selection risk — The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.</div> How has Nomura Small Cap Value Fund performed? <div>The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance and an additional index with characteristics relevant to the Fund. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The returns reflect any expense caps in effect during these periods. The returns would be lower without the expense caps. You may obtain the Fund’s most recently available month-end performance by calling 800-523-1918 or by visiting our website at nomuraassetmanagement.com/performance.</div> The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of a broad measure of market performance and an additional index with characteristics relevant to the Fund. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 800-523-1918 nomuraassetmanagement.com/performance Calendar year-by-year total return (Class A) <div><img alt="image" src="pr2516img002.jpg"/></div> <div>During the periods illustrated in this bar chart, Class A’s highest quarterly return was 32.08% for the quarter ended December 31, 2020, and its lowest quarterly return was -36.45% for the quarter ended March 31, 2020. The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total returns in the table below do include the sales charge.</div> highest quarterly return 0.3208 2020-12-31 lowest quarterly return -0.3645 2020-03-31 Average annual total returns for periods ended December 31, 2025 <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:64.00036954915004%"></td> <td style="height:1px;width:11.999260901699925%"></td> <td style="height:1px;width:11.999260901699925%"></td> <td style="height:1px;width:11.999260901699925%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1 year</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5 years</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">10 years or lifetime</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1.49%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.58%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.15%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return after taxes on distributions....................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">-1.37%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.62%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.77%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return after taxes on distributions and sale of Fund shares..................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">3.01%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.85%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.46%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class C return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.98%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.06%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.99%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class R return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.41%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.60%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.53%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Institutional Class return before taxes.......................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.95%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.14%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.07%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class R6 return before taxes (lifetime: 5/2/16–12/31/25)............................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.10%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.31%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.86%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Russell 3000® Index (reflects no deduction for fees, expenses, or taxes)................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">17.15%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">13.15%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">14.29%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Russell 2000® Value Index (reflects no deduction for fees, expenses, or taxes)............. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">12.59%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.88%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.27%</div> </td> </tr> </table></div> 0.0149 0.0758 0.0815 -0.0137 0.0562 0.0677 0.0301 0.0585 0.0646 0.0598 0.0806 0.0799 0.0741 0.086 0.0853 0.0795 0.0914 0.0907 2016-05-02 0.081 0.0931 0.0886 (reflects no deduction for fees, expenses, or taxes)(reflects no deduction for fees, expenses, or taxes) 0.1715 0.1315 0.1429 0.1259 0.0888 0.0927 <div>After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</div> After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. What are the Fund’s investment objectives? <div>Nomura Wealth Builder Fund seeks to provide high current income and an investment that has the potential for capital appreciation.</div> What are the Fund’s fees and expenses? <div>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 tables and examples below. You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie 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.”</div> You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie Funds). 50000 Shareholder fees (fees paid directly from your investment) <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:42.78085735402808%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="height:1px;width:2.219142645971914%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Maximum sales charge (load) imposed on purchases as a percentage of offering price......................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">5.75%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower................................ </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none1</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.00%1</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> </table></div> 0.0575 0 0 0 0 0 0.01 0 0 0 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:42.78085735402808%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="height:1px;width:2.219142645971914%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Management fees................................. </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.63%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Distribution and service (12b-1) fees.................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.25%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.00%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.50%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">none</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Other expenses................................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.22%2</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.22%2</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.22%2</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.22%2</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.15%2,3</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Acquired fund fees and expenses...................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.02%4</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.02%4</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.02%4</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.02%4</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.02%4</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Total annual fund operating expenses................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.12%5</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.87%5</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.37%5</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.87%5</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.80%5</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Fee waivers and expense reimbursements............... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">(0.06%)6</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">(0.06%)6</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">(0.06%)6</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">(0.06%)6</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">(0.06%)6</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Total annual fund operating expenses after fee waivers and expense reimbursements........................... </div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.06%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.81%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">1.31%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.81%</div> </td> <td colspan="1" style="text-align: center; padding-bottom: 2pt; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">0.74%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div> </td> </tr> </table></div> 0.0063 0.0063 0.0063 0.0063 0.0063 0.0025 0.01 0.005 0 0 0.0022 0.0022 0.0022 0.0022 0.0015 0.0002 0.0002 0.0002 0.0002 0.0002 0.0112 0.0187 0.0137 0.0087 0.008 -0.0006 -0.0006 -0.0006 -0.0006 -0.0006 0.0106 0.0181 0.0131 0.0081 0.0074 For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. Acquired fund fees and expenses sets forth the Fund’s pro rata portion of the cumulative expenses charged by the registered investment companies 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. These expenses are not direct costs paid by Fund shareholders, and are not used to calculate the Fund’s NAV. The Total annual fund operating expenses ratio shown above does not correlate to the expense ratio shown in the Financial Highlights table because that ratio does not include the acquired fund fees and expenses. March 30, 2027 Example <div>This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. In addition, the example shows expenses for Class C shares, assuming those shares were not redeemed at the end of those periods. The example also assumes that your investment has a 5% return each year and reflects the Manager’s expense waivers and reimbursements for the 1-year contractual period and the total operating expenses without waivers for years 2 through 10. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</div> <div> <table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:34.00036954915004%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> <td style="text-align: center; height: 1px; width: 10.99%"></td> </tr> <tr> <td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">A</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">(if not redeemed) C </div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">C</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">Inst.</div> </td> <td colspan="1" style="text-align: center; border-bottom: #000000 1pt solid; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: center; text-align: center; margin-top: 0pt; margin-bottom: 0">R6</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1 year................................ </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$677</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$184</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$284</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$133</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$83</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$76</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">3 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$905</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$582</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$582</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$428</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$272</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$249</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,151</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,005</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,005</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$744</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$476</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$438</div> </td> </tr> <tr> <td colspan="1" style="vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">10 years............................... </div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,855</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$2,185</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$2,185</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,641</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$1,067</div> </td> <td colspan="1" style="text-align: center; vertical-align: bottom"> <div style="font: 10pt Arial, Helvetica, sans-serif; background-color: #FFFFFF; padding: 1pt 2pt 0; align: right; text-align: center; margin-top: 0pt; margin-bottom: 0">$984</div> </td> </tr> </table></div> (if notredeemed)C 677 184 284 133 83 76 905 582 582 428 272 249 1151 1005 1005 744 476 438 1855 2185 2185 1641 1067 984 Portfolio turnover <div>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 91% of the average value of its portfolio.</div> 0.91 What are the Fund’s principal investment strategies? <div>The Fund invests primarily in income-generating securities (debt and equity), which may include equity securities of large, well-established companies, and debt securities, including high yield (junk) bonds, high-risk corporate bonds, investment grade fixed income securities, convertible securities, and US government securities.</div><div>Under normal circumstances, at least 50% of the Fund’s total assets will be invested in income-generating equity securities, including real estate investment trusts (REITs), convertible securities, and exchange-traded funds (ETFs). While debt securities may comprise up to 50% of the Fund’s total assets, no more than 45% of the Fund’s total assets will be invested in high yield, high-risk debt securities. No more than 25% of the Fund’s total assets will be invested in any one industry sector nor, as to 75% of the Fund’s total assets, will more than 5% be invested in securities of any one issuer. The Fund may invest up to 30% of its total assets in foreign equity and debt securities. The Fund will not, however, invest more than 10% of its total assets in securities of issuers principally located or principally operating in markets of emerging countries.</div><div>The Manager uses a dynamic asset-allocation framework to determine the proportion of the Fund’s assets that will be allocated to the various asset classes noted above, based on the market assessment and portfolio risk contribution for such asset classes. In connection with this dynamic asset-allocation framework, the Manager will also manage a tactical / completion sleeve and such sleeve will typically vary from 0% to 20% of the Fund’s total assets and primarily hold derivatives and ETFs. If applicable, the derivatives and ETFs within the tactical / completion sleeve will also be counted towards the asset classes noted above.</div><div>The Fund may use a wide range of derivative instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Fund’s portfolio characteristics. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.</div><div>At times, the Fund may invest in a wholly-owned company acting as an investment vehicle for the Fund, in order to effect certain investments consistent with the Fund’s investment objectives (Subsidiary). The Fund’s investment in the Subsidiary is expected to provide the Fund with exposure to certain investments in accordance with the limits of the federal tax laws. The Fund complies with the provisions of the Investment Company Act of 1940 (1940 Act) governing investment policies, capital structure and leverage on an aggregate basis with the Subsidiary. The Subsidiary complies with the 1940 Act’s provisions relating to affiliated transactions and custody of assets.</div><div>Investment in the Fund does not in any way provide an indication of future performance or a guarantee of positive returns.</div> The Fund invests primarily in income-generating securities (debt and equity), which may include equity securities of large, well-established companies, and debt securities, including high yield (junk) bonds, high-risk corporate bonds, investment grade fixed income securities, convertible securities, and US government securities. Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. An investment in the Fund may not be appropriate for all investors. <div>Market risk — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.</div> <div>Credit risk — The risk that an issuer of a debt security, including a governmental issuer or an entity that insures a bond, may be unable to make interest payments and/or repay principal in a timely manner.</div> <div>High yield (junk) bond risk — The risk that high yield securities, commonly known as “junk bonds,” are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than are higher-rated securities.</div> <div>Interest rate risk — The risk that the prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Interest rate changes are influenced by a number of factors, such as government policy, monetary policy, inflation expectations, and the supply and demand of bonds. Bonds and other fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. A fund may be subject to a greater risk of rising interest rates when interest rates are low or inflation rates are high or rising.</div> <div>Real estate industry risk — This risk includes, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds; overbuilding; extended vacancies of properties; increases in competition, property taxes, and operating expenses; changes in zoning laws; costs resulting from the cleanup of, and liability to third parties resulting from, environmental problems; casualty for condemnation losses; uninsured damages from floods, earthquakes, or other natural disasters; limitations on and variations in rents; and changes in interest rates.</div> <div>Derivatives risk — Derivatives contracts, such as futures, forward foreign currency contracts, options, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, index, reference rate, or other asset or market factor to which a derivatives contract is associated, moves in an unanticipated direction. When used for hedging, the change in value of the derivatives instrument may also not correlate specifically with the currency, rate, or other risk being hedged, in which case a fund may not realize the intended benefits. Derivatives contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to, among other reasons, financial difficulties (such as a bankruptcy or reorganization).</div> <div>Leveraging risk — The risk that certain fund transactions, such as reverse repurchase agreements, short sales, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivatives instruments, may give rise to leverage, causing a fund to be more volatile than if it had not been leveraged, which may result in increased losses to the fund.</div> <div>Exchange-traded fund risk — The risks of investing in an ETF typically reflect the risks of the instruments in which the ETF invests. Because ETFs are investment companies, a fund will bear its proportionate share of the fees and expenses of an investment in an ETF. As a result, a fund’s expenses may be higher and performance may be lower.</div> <div>Foreign risk — The risk that foreign securities (particularly those of issuers in emerging markets) may be adversely affected by political instability, changes in currency exchange rates, inefficient markets and higher transaction costs, foreign economic conditions, the imposition of economic or trade sanctions, or inadequate or different regulatory and accounting standards.</div> <div>Government and regulatory risk — The risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.</div> <div>Liquidity risk — The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them.</div> <div>Subsidiary risk — The Subsidiary is not registered, nor subject to the investor protections, under the 1940 Act, and does not benefit from all the investor protections that apply to 1940 Act-registered funds. Changes in applicable tax laws could result in the inability of the Fund and/or the Subsidiary to operate as described herein, which could adversely affect the Fund and its shareholders.</div> <div>Active management and selection risk — The risk that the securities selected by a fund’s management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.</div> How has Nomura Wealth Builder Fund performed? <div>The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of broad measures of market performance and an additional index with characteristics relevant to the Fund. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The returns reflect any expense caps in effect during these periods. The returns would be lower without the expense caps. You may obtain the Fund’s most recently available month-end performance by calling 800-523-1918 or by visiting our website at nomuraassetmanagement.com/performance.</div> The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of broad measures of market performance and an additional index with characteristics relevant to the Fund. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 800-523-1918 nomuraassetmanagement.com/performance Calendar year-by-year total return (Class A) <div><img alt="image" src="pr2512img002.jpg"/></div> <div>During the periods illustrated in this bar chart, Class A’s highest quarterly return was 10.96% for the quarter ended December 31, 2020, and its lowest quarterly return was -19.77% for the quarter ended March 31, 2020. The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total returns in the table below do include the sales charge.</div> highest quarterly return 0.1096 2020-12-31 lowest quarterly return -0.1977 2020-03-31 Average annual total returns for periods ended December 31, 2025 <div> <table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1pt solid #000000;margin-top:10px;"> <tr style="height:1px;"> <td style="height:1px;width:64.00036954915004%"></td> <td style="height:1px;width:11.999260901699925%"></td> <td style="height:1px;width:11.999260901699925%"></td> <td style="height:1px;width:11.999260901699925%"></td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">1 year</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5 years</div> </td> <td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">10 years or lifetime</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.53%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.25%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.57%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return after taxes on distributions....................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.33%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.43%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.09%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class A return after taxes on distributions and sale of Fund shares..................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.52%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">5.21%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">4.81%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class C return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">11.20%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.71%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.39%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class R return before taxes................................................. </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">12.73%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.25%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">6.93%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Class R6 return before taxes (lifetime: 2/28/23–12/31/25)............................ </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">13.35%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">n/a</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">12.25%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Institutional Class return before taxes.......................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">13.33%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.81%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.47%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">S&P 500 Index (reflects no deduction for fees, expenses, or taxes)..................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">17.88%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">14.42%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">14.82%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">Bloomberg US Aggregate Index (reflects no deduction for fees, expenses, or taxes)......... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">7.30%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">-0.36%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">2.01%</div> </td> </tr> <tr> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">60% S&P 500® Index / 40% Bloomberg US Aggregate Index (reflects no deduction for fees, expenses, or taxes)...................................................... </div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">13.70%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">8.47%</div> </td> <td colspan="1" style="padding-bottom:2pt;vertical-align:bottom"> <div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;">9.78%</div> </td> </tr> </table></div> 0.0653 0.0725 0.0657 0.0433 0.0543 0.0509 0.0452 0.0521 0.0481 0.112 0.0771 0.0639 0.1273 0.0825 0.0693 2023-02-28 0.1335 0.1225 0.1333 0.0881 0.0747 (reflects no deduction for fees, expenses, or taxes)(reflects no deduction for fees, expenses, or taxes)(reflects no deduction for fees, expenses, or taxes) 0.1788 0.1442 0.1482 0.073 -0.0036 0.0201 0.137 0.0847 0.0978 <div>After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor’s individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</div> After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes. 1For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. 2“Other expenses” account for Class R6 shares not being subject to certain expenses as described further in the section of this Prospectus entitled “Choosing a share class.” 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. 1For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. 2“Other expenses” account for Class R6 shares not being subject to certain expenses as described further in the section of this Prospectus entitled “Choosing a share class.” 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. 1For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. 2“Other expenses” includes the expenses of any wholly-owned subsidiaries of the Fund. 3“Other expenses” account for Class R6 shares not being subject to certain expenses as described further in the section of this Prospectus entitled “Choosing a share class.” 4Acquired fund fees and expenses sets forth the Fund’s pro rata portion of the cumulative expenses charged by the registered investment companies 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. These expenses are not direct costs paid by Fund shareholders, and are not used to calculate the Fund’s NAV. 5The Total annual fund operating expenses ratio shown above does not correlate to the expense ratio shown in the Financial Highlights table because that ratio does not include the acquired fund fees and expenses. 6The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.79% of the Fund’s average daily net assets for all share classes other than Class R6, and 0.72% of the Fund’s Class R6 shares’ average daily net assets, from March 31, 2026 through March 30, 2027. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.