Nomura Small Cap Core Fund

Delaware Group Equity Funds V · 5 share classes

Actively managed U.S. equity fund
One fund, 5 share classes:DCCAXDCCCXDCCRXDCCIXDCZRX
$5.52B NAV
138 positions · as of 2026-05-29 · filed 2026-07-27

Fund classification

Classified from what the fund holds · as of 2026 Q2

Nomura Small Cap Core Fund is an actively managed U.S. equity fund. 30% of DCCAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

Nomura Small Cap Core Fund seeks long-term capital appreciation.

Strategy · summarised

The fund invests primarily in stocks of small-capitalization companies—those within the Russell 2000 Index range at purchase—that the manager believes offer attractive valuations, growth prospects, and strong cash flows. At least 80% of net assets will be deployed in small-cap stocks under normal circumstances. Performance will depend on the manager's security selection within this universe.

Expenses
0.69% 1.79%across 5 share classes
Share classExpense ratio
DCCAX1.04%
DCCCX1.79%
DCCRX1.29%
DCCIX0.79%
DCZRX0.69%

Portfolio turnover 26.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.05%
of net assets
Stocks99.19%
Cash & short-term0.86%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Industrials20.1%
Financials17.7%
Health Care16.6%
Information Technology13.6%
10 smaller31.9%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
30%of stock holdings in top-quartile growers
covering 93% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 4 new7 exited

New: UCTT, SBCF, DNLI, GTX

Exited: FTAI Aviation Ltd, PBH, Amicus Therapeutics Inc., EFOR, CHCO, MBUU, FA

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+29.91%+42.00%+25.65%14.09%-18.64%
+28.94%+38.79%+20.98%14.15%-18.88%
+29.62%+40.94%+24.08%14.16%-18.74%
+30.20%+43.10%+27.13%14.10%-18.55%
+30.37%+43.48%+27.88%14.13%-18.54%

These classes hold the same portfolio, so the 6.90pp spread over 5 years is the cost difference between them — roughly 1.38pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

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

Issuer%NAVValue
SEMTECH CORPSMTC4.04%$222.88M
MYR GROUP INCMYRG2.02%$111.38M
MODINE MANUFACTURING COMPANYMOD1.98%$109.46M
AXSOME THERAPEUTICS INCAXSM1.83%$100.89M
TRAVERE THERAPEUTICS INCTVTX1.78%$98.42M
CREDO TECHNOLOGY GROUP HOLDING LTD1.76%$97.35M
SILICON LABORATORIES INCSLAB1.65%$91.06M
LIGAND PHARMACEUTICALS INCLGND1.62%$89.37M
ARCOSA INCACA1.56%$85.86M
ESCO TECHNOLOGIES INCESE1.54%$84.92M
Showing 10 of 138Sign in to see more

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 19.79% of net assets, top 25 38.75%, across 137 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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