Nomura Small Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Nomura Small Cap Value Fund held 106 positions with $3.48B in net assets. Its ten largest holdings made up 17.6% of the fund. The DEVLX share class costs 1.09% a year. Over the 12 months to May 2026, DEVLX returned 28.6%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 5.
Nomura Small Cap Value Fund seeks capital appreciation.
The fund invests in small-capitalization stocks that the manager believes trade at low valuations relative to their underlying value or prospects, with emphasis on companies exhibiting strong free cash flow and capacity to return capital through buybacks, debt reduction, or dividends. At least 80% of assets will be deployed in small-cap securities, defined as companies with market capitalization generally below 3.5 times the Russell 2000 Index's dollar-weighted median market cap at purchase, with up to 15% permitted in REITs. Because returns depend on the manager's selection of individual securities, performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
2.36% | $82.32M | 473.9K | $173.72 | |
1.92% | $66.72M | 4.8M | $13.77 | |
1.86% | $64.78M | 247.9K | $261.28 | |
1.85% | $64.49M | 2.1M | $30.76 | |
1.76% | $61.24M | 478.5K | $127.98 | |
1.67% | $58.27M | 855.4K | $68.12 | |
1.66% | $57.82M | 2.4M | $24.01 | |
1.58% | $54.90M | 3.1M | $17.48 | |
1.51% | $52.58M | 1.8M | $29.64 | |
TEXTEREX CORP | 1.43% | $49.82M | 856.4K | $58.18 |
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.
All 106 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 | 98.66% |
| Cash & short-term | 1.32% |
By sector
- Financials
- 26.8%
- Industrials
- 21.1%
- Consumer Discretionary
- 9.0%
- Real Estate
- 8.9%
- 8 other sectors
- 34.2%
- Financials
- 26.8%
- Industrials
- 21.1%
- Consumer Discretionary
- 9.0%
- Real Estate
- 8.9%
- Information Technology
- 8.1%
- Energy
- 7.3%
- Materials
- 6.2%
- Utilities
- 5.7%
- International
- 2.4%
- Health Care
- 2.4%
- Cash
- 1.3%
- Consumer Staples
- 0.8%
How it has done
DEVLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.16%. Past returns are a record, not a forecast.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.09% | +28.61% | +60.84% | +37.14% | -16.51% | |
| 1.84% | +27.63% | +57.30% | +32.09% | -16.75% | |
| 1.34% | +28.28% | +59.66% | +35.46% | -16.60% | |
| 0.84% | +28.91% | +62.05% | +38.82% | -16.42% | |
| 0.71% | +29.09% | +62.79% | +39.91% | -16.36% |
These classes hold the same portfolio, so the 7.81pp spread over 5 years is the cost difference between them — roughly 1.56pp a year — not a difference in what they own.
Fees & fund details
Nomura Small Cap Value Fund is an actively managed U.S. equity fund. 20% of DEVLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.71% – 1.84%· DEVLX 1.09%
- Portfolio turnover
- 21.00% a year · as of 2026 Q1
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.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
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