Nomura Core Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Nomura Core Equity Fund held 52 positions with $3.82B in net assets. Its ten largest holdings made up 44.6% of the fund. The WCEAX share class costs 0.99% a year. Over the 12 months to May 2026, WCEAX returned 23.4%, with dividends reinvested. In 2026 Q2 it added 6 new positions and exited 6.
Macquarie Core Equity Fund seeks to provide capital growth and appreciation.
The fund invests at least 80% of assets in large-capitalization common stocks selected through a combination of top-down thematic analysis and bottom-up stock picking, targeting companies with sustainable competitive advantages, financial strength, and long-term earnings potential exceeding market expectations. The manager identifies macro trends and cyclical shifts, then seeks dominant companies positioned to benefit from those themes while screening for catalysts such as new products, management changes, or cost restructuring. The fund typically holds 40 to 50 stocks. Because performance depends on the manager's forecasts of individual company earnings and competitive positioning, results may diverge materially from broad equity market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLALPHABET INC | 6.81% | $260.10M | 727.8K | $357.37 |
NVDANVIDIA CORP | 6.49% | $247.83M | 1.2M | $200.09 |
AAPLAPPLE INC | 5.46% | $208.70M | 721.2K | $289.36 |
TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 5.32% | $203.44M | 426.0K | $477.57 |
3.97% | $151.65M | 209.8K | $723.00 | |
3.53% | $135.01M | 502.1K | $268.86 | |
SEAGATE TECHNOLOGY HOLDINGS PLC | 3.50% | $133.91M | 138.8K | $965.00 |
MSFTMICROSOFT CORP | 3.46% | $132.04M | 354.0K | $373.02 |
3.06% | $117.10M | 201.6K | $580.91 | |
AMZNAMAZON.COM INC | 3.05% | $116.46M | 488.6K | $238.34 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 52 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.17% |
| Cash & short-term | 1.90% |
By sector
- Information Technology
- 27.0%
- Financials
- 15.8%
- International
- 14.8%
- Industrials
- 11.5%
- 8 other sectors
- 30.9%
- Information Technology
- 27.0%
- Financials
- 15.8%
- International
- 14.8%
- Industrials
- 11.5%
- Communication Services
- 8.4%
- Health Care
- 7.0%
- Consumer Discretionary
- 5.3%
- Utilities
- 2.9%
- Consumer Staples
- 2.2%
- Materials
- 2.0%
- Cash
- 1.9%
- Energy
- 1.2%
How it has done
WCEAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.86%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.99% | +23.37% | +83.85% | +61.87% | -8.20% | |
| 1.74% | +22.46% | +79.59% | +56.79% | -8.38% | |
| 0.99% | +23.37% | +83.88% | +62.57% | -8.21% | |
| 0.74% | +23.65% | +85.14% | +64.18% | -8.16% | |
| 1.24% | +23.09% | +82.48% | +60.60% | -8.25% | |
| 0.67% | +23.76% | +85.52% | +64.65% | -8.14% |
These classes hold the same portfolio, so the 7.86pp spread over 5 years is the cost difference between them — roughly 1.57pp a year — not a difference in what they own.
Fees & fund details
Nomura Core Equity Fund is an actively managed U.S. equity fund. 17% of WCEAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 84% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.67% – 1.74%· WCEAX 0.99%
- Portfolio turnover
- 24.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
6 new
6 exited
Understand how this fund fits with the rest.
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