Nomura Emerging Markets Fund
Delaware Group Global & International Funds · Series S000003916 · 5 share classes
data updated 2026-08-17
Fund profile
As filed in the prospectus · 2026 Q1
Nomura Emerging Markets Fund seeks long-term capital appreciation.
The fund invests in equity securities of emerging market companies selected through a bottom-up fundamental analysis that seeks to identify businesses with durable competitive advantages trading below the manager's intrinsic value estimate, using methods including discounted cash flow and multiples analysis. At least 80% of assets will be invested in emerging market issuers, though the fund may hold over 25% in a single country and may also invest in developed-market companies if the manager believes their performance will be influenced by emerging market opportunities or to access needed industry exposure. Because the fund concentrates significantly in the Asia-Pacific region and may hold substantial positions in individual countries, performance depends heavily on those geographic areas and issuers.
| Share class | Gross | Net |
|---|---|---|
| DEMAX | 1.57% | 1.40% |
| DEMCX | 2.32% | 2.15% |
| DEMIX | 1.32% | 1.15% |
| DEMRX | 1.82% | 1.65% |
| DEMZX | 1.21% | 1.06% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 5.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 100.56% |
Latest quarter
What changed since the fund's previous filing
New: Hyundai Motor Co., LG Electronics Inc., Centrais Elet Bras Sa Eletrobras
Largest exited: MU, Hon Hai Precision Industry Co, PETROBRAS, Kakao Corp, JBS NV, Turkiye Sise ve Cam Fabrikalar, Meituan, Kakaopay Corp
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | SK Square Co Ltd | 28.39% | $448.38 | $3.14B | 7.0M |
| — | Taiwan Semiconductor Manufacturing Co., Ltd. | 14.68% | $62.40 | $1.62B | 26.0M |
| — | SK Hynix Inc. | 14.15% | $737.57 | $1.56B | 2.1M |
| — | Samsung Electronics Co Ltd. | 7.08% | $150.50 | $782.62M | 5.2M |
| — | Samsung C&T Corporation | 4.45% | $243.66 | $491.66M | 2.0M |
| — | Reliance Industries Ltd. | 2.91% | $15.32 | $321.75M | 21.0M |
| BABA | ALIBABA GROUP HOLDING LTDBABA | 2.65% | $144.11 | $292.54M | 2.0M |
| — | MediaTek Inc. | 2.17% | $61.60 | $240.24M | 3.9M |
| — | TENCENT HOLDINGS LTD | 1.61% | $66.21 | $177.71M | 2.7M |
| — | Reliance Industries Ltd. | 1.30% | $61.30 | $143.50M | 2.3M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-02-27 — not a live quote, and not what the fund paid.
Top 10 positions are 79.39% of net assets, top 25 89.50%, across 105 issuers.
See more of this fund's book
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