Fees and Expenses - Nomura Value Fund - Class A, C, R, Institutional and R6 - Nomura Value Fund

Nov. 30, 2025

USD ($)

What are the Fund’s fees and expenses?

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.”

Expense Breakpoint Discounts [Text]

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).

Expense Breakpoint, Minimum Investment Required [Amount]

$ 50,000

Shareholder Fees Caption [Optional Text]

Shareholder fees (fees paid directly from your investment)

Shareholder Fees [Table]


Class	A	C	R	Inst.	R6
Maximum sales charge (load) imposed on purchases as a percentage of offering price.........................	5.75%	none	none	none	none
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower................................	none¹	1.00%¹	none	none	none

^[1]

Operating Expenses Caption [Optional Text]

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


Class	A	C	R	Inst.	R6
Management fees.................................	0.58%	0.58%	0.58%	0.58%	0.58%
Distribution and service (12b-1) fees....................	0.25%	1.00%	0.50%	none	none
Other expenses ..................................	0.12%	0.12%	0.12%	0.12%	0.07%³
Total annual fund operating expenses ...................	0.95%	1.70%	1.20%	0.70%	0.65%

^[2]

Expenses Deferred Charges [Text Block]

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.

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

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:

Expense Example, With Redemption [Table]


Class	A	(if not redeemed) C	C	R	Inst.	R6
1 year................................	$666	$173	$273	$122	$72	$66
3 years...............................	$860	$536	$536	$381	$224	$208
5 years...............................	$1,070	$923	$923	$660	$390	$362
10 years...............................	$1,674	$2,009	$2,009	$1,455	$871	$810

Expense Example, No Redemption, By Year, Caption [Text]

(if not redeemed)C

Portfolio Turnover [Heading]

Portfolio turnover

Portfolio Turnover [Text Block]

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 46% of the average value of its portfolio.

Portfolio Turnover, Rate

46.00%

[1]

[2]

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.”