0000769220
dggf:C000010992Member
2025-08-01
2026-01-31
0000769220
dggf:C000010994Member
2025-08-01
2026-01-31
0000769220
dggf:C000010995Member
2025-08-01
2026-01-31
0000769220
dggf:C000010996Member
2025-08-01
2026-01-31
0000769220
dggf:C000130079Member
2025-08-01
2026-01-31
0000769220
dggf:C000130080Member
2025-08-01
2026-01-31
0000769220
dggf:C000130082Member
2025-08-01
2026-01-31
0000769220
2025-08-01
2026-01-31
0000769220
dggf:C000010992Member
2026-01-31
0000769220
dggf:AgencyCollateralizedMortgageObligationsMember
dggf:C000010992Member
2026-01-31
0000769220
us-gaap:CollateralizedLoanObligationsMember
dggf:C000010992Member
2026-01-31
0000769220
us-gaap:CommonStockMember
dggf:C000010992Member
2026-01-31
0000769220
us-gaap:CorporateBondSecuritiesMember
dggf:C000010992Member
2026-01-31
0000769220
dggf:GovernmentAgencyObligationsMember
dggf:C000010992Member
2026-01-31
0000769220
dggf:LoanAgreementsMember
dggf:C000010992Member
2026-01-31
0000769220
dggf:NonAgencyCommercialMortgageBackedSecurityMember
dggf:C000010992Member
2026-01-31
0000769220
us-gaap:SovereignDebtMember
dggf:C000010992Member
2026-01-31
0000769220
dggf:SupranationalBanksMember
dggf:C000010992Member
2026-01-31
0000769220
dggf:C000010994Member
2026-01-31
0000769220
dggf:AgencyCollateralizedMortgageObligationsMember
dggf:C000010994Member
2026-01-31
0000769220
us-gaap:CollateralizedLoanObligationsMember
dggf:C000010994Member
2026-01-31
0000769220
us-gaap:CommonStockMember
dggf:C000010994Member
2026-01-31
0000769220
us-gaap:CorporateBondSecuritiesMember
dggf:C000010994Member
2026-01-31
0000769220
dggf:GovernmentAgencyObligationsMember
dggf:C000010994Member
2026-01-31
0000769220
dggf:LoanAgreementsMember
dggf:C000010994Member
2026-01-31
0000769220
dggf:NonAgencyCommercialMortgageBackedSecurityMember
dggf:C000010994Member
2026-01-31
0000769220
us-gaap:SovereignDebtMember
dggf:C000010994Member
2026-01-31
0000769220
dggf:SupranationalBanksMember
dggf:C000010994Member
2026-01-31
0000769220
dggf:C000010995Member
2026-01-31
0000769220
dggf:AgencyCollateralizedMortgageObligationsMember
dggf:C000010995Member
2026-01-31
0000769220
us-gaap:CollateralizedLoanObligationsMember
dggf:C000010995Member
2026-01-31
0000769220
us-gaap:CommonStockMember
dggf:C000010995Member
2026-01-31
0000769220
us-gaap:CorporateBondSecuritiesMember
dggf:C000010995Member
2026-01-31
0000769220
dggf:GovernmentAgencyObligationsMember
dggf:C000010995Member
2026-01-31
0000769220
dggf:LoanAgreementsMember
dggf:C000010995Member
2026-01-31
0000769220
dggf:NonAgencyCommercialMortgageBackedSecurityMember
dggf:C000010995Member
2026-01-31
0000769220
us-gaap:SovereignDebtMember
dggf:C000010995Member
2026-01-31
0000769220
dggf:SupranationalBanksMember
dggf:C000010995Member
2026-01-31
0000769220
dggf:C000010996Member
2026-01-31
0000769220
dggf:AgencyCollateralizedMortgageObligationsMember
dggf:C000010996Member
2026-01-31
0000769220
us-gaap:CollateralizedLoanObligationsMember
dggf:C000010996Member
2026-01-31
0000769220
us-gaap:CommonStockMember
dggf:C000010996Member
2026-01-31
0000769220
us-gaap:CorporateBondSecuritiesMember
dggf:C000010996Member
2026-01-31
0000769220
dggf:GovernmentAgencyObligationsMember
dggf:C000010996Member
2026-01-31
0000769220
dggf:LoanAgreementsMember
dggf:C000010996Member
2026-01-31
0000769220
dggf:NonAgencyCommercialMortgageBackedSecurityMember
dggf:C000010996Member
2026-01-31
0000769220
us-gaap:SovereignDebtMember
dggf:C000010996Member
2026-01-31
0000769220
dggf:SupranationalBanksMember
dggf:C000010996Member
2026-01-31
0000769220
dggf:C000130079Member
2026-01-31
0000769220
dggf:C000130079Member
country:AE
2026-01-31
0000769220
dggf:C000130079Member
country:AR
2026-01-31
0000769220
dggf:C000130079Member
us-gaap:BankingMember
2026-01-31
0000769220
dggf:C000130079Member
dggf:BasicIndustryMember
2026-01-31
0000769220
dggf:C000130079Member
country:BR
2026-01-31
0000769220
dggf:C000130079Member
country:CL
2026-01-31
0000769220
dggf:C000130079Member
us-gaap:ConsumerSectorMember
2026-01-31
0000769220
dggf:C000130079Member
us-gaap:EnergySectorMember
2026-01-31
0000769220
dggf:C000130079Member
us-gaap:FinancialServicesSectorMember
2026-01-31
0000769220
dggf:C000130079Member
country:GT
2026-01-31
0000769220
dggf:C000130079Member
country:IN
2026-01-31
0000769220
dggf:C000130079Member
oef:IndustrialSectorMember
2026-01-31
0000769220
dggf:C000130079Member
country:KR
2026-01-31
0000769220
dggf:C000130079Member
dggf:MetalsAndMiningMember
2026-01-31
0000769220
dggf:C000130079Member
country:MX
2026-01-31
0000769220
dggf:C000130079Member
us-gaap:OilAndGasMember
2026-01-31
0000769220
dggf:C000130079Member
country:SA
2026-01-31
0000769220
dggf:C000130079Member
dggf:TechnologyMediaAndTelecommunicationMember
2026-01-31
0000769220
dggf:C000130079Member
country:TR
2026-01-31
0000769220
dggf:C000130079Member
oef:UtilitiesSectorMember
2026-01-31
0000769220
dggf:C000130080Member
2026-01-31
0000769220
dggf:C000130080Member
country:AE
2026-01-31
0000769220
dggf:C000130080Member
country:AR
2026-01-31
0000769220
dggf:C000130080Member
us-gaap:BankingMember
2026-01-31
0000769220
dggf:C000130080Member
dggf:BasicIndustryMember
2026-01-31
0000769220
dggf:C000130080Member
country:BR
2026-01-31
0000769220
dggf:C000130080Member
country:CL
2026-01-31
0000769220
dggf:C000130080Member
us-gaap:ConsumerSectorMember
2026-01-31
0000769220
dggf:C000130080Member
us-gaap:EnergySectorMember
2026-01-31
0000769220
dggf:C000130080Member
us-gaap:FinancialServicesSectorMember
2026-01-31
0000769220
dggf:C000130080Member
country:GT
2026-01-31
0000769220
dggf:C000130080Member
country:IN
2026-01-31
0000769220
dggf:C000130080Member
oef:IndustrialSectorMember
2026-01-31
0000769220
dggf:C000130080Member
country:KR
2026-01-31
0000769220
dggf:C000130080Member
dggf:MetalsAndMiningMember
2026-01-31
0000769220
dggf:C000130080Member
country:MX
2026-01-31
0000769220
dggf:C000130080Member
us-gaap:OilAndGasMember
2026-01-31
0000769220
dggf:C000130080Member
country:SA
2026-01-31
0000769220
dggf:C000130080Member
dggf:TechnologyMediaAndTelecommunicationMember
2026-01-31
0000769220
dggf:C000130080Member
country:TR
2026-01-31
0000769220
dggf:C000130080Member
oef:UtilitiesSectorMember
2026-01-31
0000769220
dggf:C000130082Member
2026-01-31
0000769220
dggf:C000130082Member
country:AE
2026-01-31
0000769220
dggf:C000130082Member
country:AR
2026-01-31
0000769220
dggf:C000130082Member
us-gaap:BankingMember
2026-01-31
0000769220
dggf:C000130082Member
dggf:BasicIndustryMember
2026-01-31
0000769220
dggf:C000130082Member
country:BR
2026-01-31
0000769220
dggf:C000130082Member
country:CL
2026-01-31
0000769220
dggf:C000130082Member
us-gaap:ConsumerSectorMember
2026-01-31
0000769220
dggf:C000130082Member
us-gaap:EnergySectorMember
2026-01-31
0000769220
dggf:C000130082Member
us-gaap:FinancialServicesSectorMember
2026-01-31
0000769220
dggf:C000130082Member
country:GT
2026-01-31
0000769220
dggf:C000130082Member
country:IN
2026-01-31
0000769220
dggf:C000130082Member
oef:IndustrialSectorMember
2026-01-31
0000769220
dggf:C000130082Member
country:KR
2026-01-31
0000769220
dggf:C000130082Member
dggf:MetalsAndMiningMember
2026-01-31
0000769220
dggf:C000130082Member
country:MX
2026-01-31
0000769220
dggf:C000130082Member
us-gaap:OilAndGasMember
2026-01-31
0000769220
dggf:C000130082Member
country:SA
2026-01-31
0000769220
dggf:C000130082Member
dggf:TechnologyMediaAndTelecommunicationMember
2026-01-31
0000769220
dggf:C000130082Member
country:TR
2026-01-31
0000769220
dggf:C000130082Member
oef:UtilitiesSectorMember
2026-01-31
iso4217:USD
pure
dggf:Holding
0000769220
false
N-1A
N-CSRS
DELAWARE GROUP GOVERNMENT FUND
semi-annual shareholder report
semi-annual shareholder report
semi-annual shareholder report
semi-annual shareholder report
semi-annual shareholder report
semi-annual shareholder report
semi-annual shareholder report
2026-01-31
Nomura Emerging Markets Debt Corporate Fund(formerly, Macquarie Emerging Markets Debt Corporate Fund)
Class A
DEDAX
This <span title="element: B30%, context: 0%"><span class="sec-hidden" style="-sec-ix-hidden:t_13_1cd8cfb9_9ca2_1c76_3965_2e51f1b64a69">semiannual shareholder report</span></span> contains important information about Nomura Emerging Markets Debt Corporate Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class A</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>54</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.04<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
54
0.0104
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>116,992,236</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">146</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>254,227</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">46<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
116992236
146
254227
0.46
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.16<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.82<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Chile</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.99<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.10<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.70<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.58<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Guatemala</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Saudi Arabia</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.46<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United Arab Emirates</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.24<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.70<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">11.99<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Banking</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.66<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Technology, Media and Telecommunication</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.36<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Basic Industry</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.45<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.10<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Oil & Gas</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.79<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.18<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrial</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.59<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Metals & Mining</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.48<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* <span style="white-space: nowrap;"> </span>Categorizations used for financial reporting purposes may differ<span style="white-space: nowrap;"> </span>from categorizations used for regulatory compliance and/or<span style="white-space: nowrap;"> </span>internal classification purposes.</div>
0.0816
0.0782
0.0533
0.0499
0.0410
0.0370
0.0358
0.0354
0.0346
0.0324
0.1970
0.1199
0.0966
0.0836
0.0645
0.0510
0.0479
0.0418
0.0259
0.0248
Nomura Emerging Markets Debt Corporate Fund(formerly, Macquarie Emerging Markets Debt Corporate Fund)
Class C
DEDCX
This <span class="sec-hidden" style="-sec-ix-hidden: t_20_e231d8aa_e4eb_14f3_9786_82cc1e42b17a;">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Debt Corporate Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class C</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>92</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.79<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
92
0.0179
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>116,992,236</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">146</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>254,227</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">46<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
116992236
146
254227
0.46
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.16<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.82<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Chile</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.99<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.10<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.70<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.58<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Guatemala</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Saudi Arabia</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.46<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United Arab Emirates</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.24<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.70<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">11.99<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Banking</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.66<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Technology, Media and Telecommunication</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.36<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Basic Industry</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.45<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.10<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Oil & Gas</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.79<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.18<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrial</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.59<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Metals & Mining</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.48<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* <span style="white-space: nowrap;"> </span>Categorizations used for financial reporting purposes may differ<span style="white-space: nowrap;"> </span>from categorizations used for regulatory compliance and/or<span style="white-space: nowrap;"> </span>internal classification purposes.</div>
0.0816
0.0782
0.0533
0.0499
0.0410
0.0370
0.0358
0.0354
0.0346
0.0324
0.1970
0.1199
0.0966
0.0836
0.0645
0.0510
0.0479
0.0418
0.0259
0.0248
Nomura Emerging Markets Debt Corporate Fund(formerly, Macquarie Emerging Markets Debt Corporate Fund)
Institutional Class
DEDIX
This <span class="sec-hidden" style="-sec-ix-hidden: t_22_e043577a_67bc_6a43_b6f0_059797c690aa;">semiannual shareholder report</span> contains important information about Nomura Emerging Markets Debt Corporate Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Institutional Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>41</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.79<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
41
0.0079
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>116,992,236</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">146</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>254,227</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">46<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
116992236
146
254227
0.46
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Country allocation</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Brazil</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">8.16<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Mexico</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">7.82<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Argentina</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">5.33<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Chile</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.99<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">India</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">4.10<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Türkiye</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.70<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">South Korea</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.58<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Guatemala</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Saudi Arabia</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.46<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">United Arab Emirates</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">3.24<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Sector allocation*</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Financials</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">19.70<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Utilities</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">11.99<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Banking</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">9.66<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Technology, Media and Telecommunication</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">8.36<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Basic Industry</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">6.45<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Energy</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">5.10<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Oil & Gas</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.79<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Consumer</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">4.18<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Industrial</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.59<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Metals & Mining</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt;">2.48<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;"><strong></strong></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-family: 'Arial'; font-size: 10pt; font-weight: 400; color: rgb(0, 0, 0); vertical-align: bottom; padding: 1pt;"><strong></strong></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; font-weight: 400; color: rgb(0, 0, 0); line-height: 10pt; margin-bottom: 10pt; font-size: 10pt; font-style: normal;">* <span style="white-space: nowrap;"> </span>Categorizations used for financial reporting purposes may differ<span style="white-space: nowrap;"> </span>from categorizations used for regulatory compliance and/or<span style="white-space: nowrap;"> </span>internal classification purposes.</div>
0.0816
0.0782
0.0533
0.0499
0.0410
0.0370
0.0358
0.0354
0.0346
0.0324
0.1970
0.1199
0.0966
0.0836
0.0645
0.0510
0.0479
0.0418
0.0259
0.0248
Nomura Strategic Income Fund(formerly, Macquarie Strategic Income Fund)
Class A
DEGGX
This <span class="sec-hidden" style="-sec-ix-hidden: t_20_f184a353_76da_4fed_9e52_36520999eab1;" title="element: B30%, context: 0%">semiannual shareholder report</span> contains important information about Nomura Strategic Income Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class A</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>43</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.84<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
43
0.0084
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>235,523,122</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">248</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>370,774</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">25<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
235523122
248
370774
0.25
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">56.65<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.77<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Loan Agreements</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.76<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Government Agency Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.84<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Sovereign Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.30<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Security</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.87<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.47<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Supranational Banks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.19<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Collateralized Mortgage Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.01<span>%</span></td> </tr> </table>
0.5665
0.2077
0.0976
0.0184
0.0130
0.0087
0.0047
0.0019
0.0001
Nomura Strategic Income Fund(formerly, Macquarie Strategic Income Fund)
Class C
DUGCX
This <span class="sec-hidden" style="-sec-ix-hidden: t_33_921e554f_b119_fafb_5037_07bef034379b;">semiannual shareholder report</span> contains important information about Nomura Strategic Income Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class C</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>81</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.59<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
81
0.0159
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>235,523,122</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">248</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>370,774</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">25<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
235523122
248
370774
0.25
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">56.65<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.77<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Loan Agreements</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.76<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Government Agency Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.84<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Sovereign Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.30<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Security</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.87<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.47<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Supranational Banks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.19<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Collateralized Mortgage Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.01<span>%</span></td> </tr> </table>
0.5665
0.2077
0.0976
0.0184
0.0130
0.0087
0.0047
0.0019
0.0001
Nomura Strategic Income Fund(formerly, Macquarie Strategic Income Fund)
Class R
DUGRX
This <span class="sec-hidden" style="-sec-ix-hidden: t_40_b53768dc_5ec0_ec84_a89a_13ba7a670fca;">semiannual shareholder report</span> contains important information about Nomura Strategic Income Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>56</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.09<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
56
0.0109
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>235,523,122</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">248</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>370,774</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">25<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
235523122
248
370774
0.25
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">56.65<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.77<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Loan Agreements</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.76<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Government Agency Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.84<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Sovereign Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.30<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Security</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.87<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.47<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Supranational Banks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.19<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Collateralized Mortgage Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.01<span>%</span></td> </tr> </table>
0.5665
0.2077
0.0976
0.0184
0.0130
0.0087
0.0047
0.0019
0.0001
Nomura Strategic Income Fund(formerly, Macquarie Strategic Income Fund)
Institutional Class
DUGIX
This <span class="sec-hidden" style="-sec-ix-hidden: t_46_8c9b59d1_39f8_fd52_de59_e045559f6bca;">semiannual shareholder report</span> contains important information about Nomura Strategic Income Fund (Fund) for the period of <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">August 1, 2025,</span> to January 31, 2026.
You can find additional information about the Fund at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">nomuraassetmanagement.com/literature.</span> You can also request this information by contacting us at <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">800 523-1918</span>, weekdays from <span style="white-space: nowrap; font-family: 'times new roman'; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">8:30am to 6:00pm ET.</span>
nomuraassetmanagement.com/literature
800 523-1918
<div style="margin-top: 0px; font-family: 'arial'; font-size: 10pt; margin-bottom: 3pt; color: rgb(0, 0, 0); text-transform: none; letter-spacing: normal; font-weight: bold;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment<sup style="font-size: smaller;">^</sup></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Institutional Class</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>30</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); text-align: center; white-space: nowrap; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.59<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; vertical-align: top; font-style: normal; font-size: 10pt; width: 2%; text-align: right; padding: 6pt 3pt 0 0;"><sup style="font-size: smaller;"><sup style="font-size: smaller;">^</sup></sup></td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; font-family: 'Arial'; line-height: normal; color: rgb(0, 0, 0); margin-bottom: 0; text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; padding: 6pt 0 0 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; line-height: normal; color: rgb(0, 0, 0); text-align: left; vertical-align: top; font-style: normal; font-size: 10pt; margin-bottom: 0px; padding: 0px;">Annualized.</div> </td> </tr> </table>
30
0.0059
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of January 31, 2026)</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>235,523,122</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings*</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">248</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid (during reporting period)</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>370,774</td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; font-size: 10pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); white-space: nowrap; padding: 6pt 0 6pt 0;">25<span>%</span></td> </tr> </table>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; margin-top: 10pt;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; font-style: italic; font-size: 8pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">
<td style="break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; line-height: normal; text-align: left; vertical-align: super; font-size: 7pt; font-weight: normal; width: 1%; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">*</div> </td>
<td style="break-inside: avoid-page; page-break-inside: avoid; font-weight: 400; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; line-height: normal; vertical-align: top; font-size: 7pt; padding: 0;"> <div style="margin-top: 0px; font-weight: 400; font-family: 'arial'; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; vertical-align: top; color: rgb(0, 0, 0); margin-bottom: 0px; padding: 0px;">Excludes cash and cash equivalents.</div> </td> </tr> </table>
235523122
248
370774
0.25
<div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of January 31, 2026)</div> <div style="margin-top: 0px; font-weight: 400; color: rgb(0, 0, 0); margin-bottom: 10pt; font-family: 'arial'; font-size: 10pt; line-height: 110%;">The table below shows the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="font-family: 'arial'; font-size: 10pt; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; color: rgb(0, 0, 0); font-weight: normal; text-transform: none; letter-spacing: normal; margin: 5pt 0px 5pt 0px;">Portfolio composition</div>
<table style="table-layout: auto; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;">
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">56.65<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">20.77<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Loan Agreements</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">9.76<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Government Agency Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.84<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Sovereign Bonds</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">1.30<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Security</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.87<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.47<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; height: auto;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Supranational Banks</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.19<span>%</span></td> </tr>
<tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;">
<td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Collateralized Mortgage Obligations</td>
<td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; font-size: 10pt; font-family: 'Arial'; font-weight: normal; color: rgb(0, 0, 0); vertical-align: bottom; white-space: nowrap; padding: 1pt 3pt 1pt 3pt;">0.01<span>%</span></td> </tr> </table>
0.5665
0.2077
0.0976
0.0184
0.0130
0.0087
0.0047
0.0019
0.0001
Annualized.
Excludes cash and cash equivalents.
Annualized.
Excludes cash and cash equivalents.
Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Annualized.
Annualized.
Excludes cash and cash equivalents.
Excludes cash and cash equivalents.
Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Annualized.
Excludes cash and cash equivalents.
Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Annualized.
Excludes cash and cash equivalents.
Annualized.
Excludes cash and cash equivalents.