Nomura Emerging Markets Fund
Delaware Group Global & International Funds · Series S000003916 · 5 share classes
data updated 2026-09-08
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 Q2
| Stocks | 100.60% |
| Cash & short-term | 0.04% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).
Latest quarter
What changed since the fund's previous filing
New: MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS, GOLDMAN SACHS TRUST, BLACKROCK LIQUIDITY FUNDS, FIDELITY COLCHESTER STREET TRUST, Lehman Brothers Equity Finance
Exited: Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., Woodside Energy Group Ltd., Lehman Brothers Equity Finance
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +181.71% | +252.45% | +138.67% | 48.86% | -17.67% | |
| +179.55% | +244.65% | +129.90% | 48.79% | -17.70% | |
| +182.28% | +255.14% | +141.65% | 48.84% | -17.64% | |
| +180.92% | +249.79% | +135.63% | 48.80% | -17.66% | |
| +182.68% | +256.22% | +142.87% | 48.88% | -17.63% |
These classes hold the same portfolio, so the 12.97pp spread over 5 years is the cost difference between them — roughly 2.59pp a year — not a difference in what they own.
May 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.
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 | 29.91% | $818.18 | $4.32B | 5.3M |
| — | SK HYNIX INC | 18.53% | $1,548.11 | $2.68B | 1.7M |
| — | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 13.26% | $75.18 | $1.92B | 25.5M |
| — | SAMSUNG ELECTRONICS CO LTD | 7.57% | $210.35 | $1.09B | 5.2M |
| — | SAMSUNG C&T CORP | 4.01% | $286.99 | $579.11M | 2.0M |
| — | MEDIATEK INC | 3.71% | $137.59 | $536.59M | 3.9M |
| — | RELIANCE INDUSTRIES LTD | 2.02% | $13.91 | $292.05M | 21.0M |
| BABA | ALIBABA GROUP HOLDING LTDBABA | 1.74% | $124.22 | $250.92M | 2.0M |
| — | SAMSUNG ELECTRONICS CO LTD | 1.10% | $134.37 | $158.98M | 1.2M |
| — | TENCENT HOLDINGS LTD | 1.01% | $54.51 | $146.31M | 2.7M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-29 — not a live quote, and not what the fund paid.
Top 10 positions are 82.86% of net assets, top 25 91.17%, across 105 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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