| Nomura Emerging Markets Fund | February 28, 2026 (Unaudited) |
| Number of shares | Value (US $) | ||
| Common Stocks — 99.17%Δ | |||
| Argentina — 0.45% | |||
| Cablevision Holding GDR † | 443,972 | $ 2,177,886 | |
| Cresud ADR | 1,643,789 | 18,706,319 | |
| Grupo Clarin GDR Class B 144A #, † | 131,213 | 533,525 | |
| IRSA Inversiones y Representaciones ADR | 1,751,834 | 27,924,234 | |
| 49,341,964 | |||
| Australia — 0.02% | |||
| Woodside Energy Group ADR | 137,332 | 2,812,559 | |
| 2,812,559 | |||
| Bahrain — 0.03% | |||
| Aluminium Bahrain GDR 144A # | 221,400 | 3,223,673 | |
| 3,223,673 | |||
| Brazil — 3.65% | |||
| Ambev ADR | 13,500,000 | 42,660,000 | |
| Auren Energia | 350,225 | 813,650 | |
| Axia Energia ADR | 989,541 | 11,953,655 | |
| Axia Energia ADR † | 260,088 | 3,050,832 | |
| Banco Bradesco ADR | 15,000,000 | 61,350,000 | |
| Banco Santander Brasil ADR | 2,884,119 | 18,775,615 | |
| Embraer ADR | 420,704 | 30,383,243 | |
| Itau Unibanco Holding ADR | 6,744,112 | 61,034,214 | |
| MBRF Global Foods Company ADR | 4,192,735 | 16,770,940 | |
| Petroleo Brasileiro ADR | 4,900,000 | 75,460,000 | |
| Rumo | 1,905,351 | 5,939,239 | |
| Sitios Latinoamerica † | 1,369,199 | 456,347 | |
| Telefonica Brasil ADR | 1,546,453 | 26,150,520 | |
| TIM ADR | 970,000 | 26,655,600 | |
| Vale ADR | 1,000,000 | 17,180,000 | |
| XP Class A | 211,715 | 4,558,224 | |
| 403,192,079 | |||
| Chile — 0.26% | |||
| Cia Cervecerias Unidas ADR | 410,528 | 5,476,444 | |
| Sociedad Quimica y Minera de Chile ADR † | 300,000 | 22,890,000 | |
| 28,366,444 | |||
| China — 8.32% | |||
| Alibaba Group Holding ADR | 2,030,000 | 292,543,300 | |
| Baidu ADR † | 680,000 | 84,619,200 | |
| BeOne Medicines Class H † | 1,615,700 | 39,714,077 | |
| China Petroleum and Chemical Class H | 30,000,000 | 20,898,842 | |
| DiDi Global ADR † | 1,278,300 | 5,624,520 | |
| Number of shares | Value (US $) | ||
| Common StocksΔ (continued) | |||
| China (continued) | |||
| Guangshen Railway Class H | 11,000,000 | $ 3,079,224 | |
| iQIYI ADR † | 1,450,000 | 2,320,000 | |
| JD.com ADR | 1,150,000 | 30,509,500 | |
| Kunlun Energy | 21,000,000 | 22,520,899 | |
| New Oriental Education & Technology Group ADR | 100,000 | 5,465,000 | |
| PDD Holdings ADR † | 730,000 | 75,722,900 | |
| PetroChina Class H | 18,000,000 | 21,949,536 | |
| Sohu.com ADR <<, † | 2,219,642 | 36,668,486 | |
| TAL Education Group ADR † | 1,000,000 | 10,530,000 | |
| Tencent Holdings | 2,684,000 | 177,711,992 | |
| Tencent Music Entertainment Group ADR | 950,000 | 13,870,000 | |
| Tianjin Development Holdings | 15,885,550 | 5,543,312 | |
| Trip.com Group ADR | 530,000 | 27,888,600 | |
| Uni-President China Holdings | 28,305,000 | 27,930,900 | |
| Weibo ADR | 1,450,000 | 14,398,500 | |
| 919,508,788 | |||
| India — 6.73% | |||
| Aurobindo Pharma | 1,500,000 | 20,121,735 | |
| BSE | 1,500,000 | 44,634,177 | |
| Glenmark Pharmaceuticals | 1,167,988 | 27,431,774 | |
| HCL Technologies | 800,000 | 12,215,056 | |
| Infosys | 1,500,000 | 21,435,814 | |
| Jio Financial Services | 2,534,900 | 7,116,291 | |
| Lupin | 2,500,000 | 63,255,520 | |
| Reliance Industries | 21,000,000 | 321,753,205 | |
| Reliance Industries GDR 144A # | 2,340,879 | 143,495,883 | |
| Tata Chemicals | 1,866,909 | 14,721,650 | |
| Tata Consultancy Services | 680,000 | 19,713,189 | |
| Tata Consumer Products | 2,128,276 | 26,692,273 | |
| United Breweries | 1,000,000 | 17,641,967 | |
| Zee Entertainment Enterprises | 3,530,000 | 3,393,177 | |
| 743,621,711 | |||
| Indonesia — 0.65% | |||
| Astra International | 180,000,000 | 71,667,164 | |
| 71,667,164 | |||
| Malaysia — 0.02% | |||
| UEM Sunrise | 17,000,000 | 2,512,208 | |
| 2,512,208 | |||
| Number of shares | Value (US $) | ||
| Common StocksΔ (continued) | |||
| Mexico — 2.43% | |||
| America Movil ADR | 1,430,000 | $ 37,208,600 | |
| Cemex ADR | 5,100,000 | 63,801,000 | |
| Coca-Cola Femsa ADR | 220,000 | 24,453,000 | |
| Fomento Economico Mexicano ADR | 540,000 | 60,652,800 | |
| Grupo Financiero Banorte Class O | 4,000,000 | 45,483,684 | |
| Grupo Televisa ADR | 6,017,000 | 17,750,150 | |
| Ollamani SAB † | 1,504,250 | 6,638,195 | |
| Wal-Mart de Mexico | 4,000,000 | 12,983,393 | |
| 268,970,822 | |||
| Netherlands — 0.01% | |||
| VEON ADR † | 29,290 | 1,637,018 | |
| 1,637,018 | |||
| Peru — 0.61% | |||
| Cia de Minas Buenaventura ADR | 603,884 | 26,371,614 | |
| Credicorp | 120,000 | 41,565,600 | |
| 67,937,214 | |||
| Russia — 0.00% | |||
| EL5-ENERO PJSC =, † | 1,058,050 | 0 | |
| Gazprom PJSC =, † | 29,200,000 | 0 | |
| LUKOIL PJSC =, † | 492,501 | 0 | |
| Rosneft Oil PJSC =, † | 14,555,684 | 0 | |
| Sberbank of Russia PJSC =, † | 15,200,000 | 0 | |
| Surgutneftegas PJSC ADR =, † | 2,014,441 | 0 | |
| T Plus PJSC =, † | 36,096 | 0 | |
| VK IPJSC GDR =, † | 551,200 | 0 | |
| 0 | |||
| Singapore — 0.13% | |||
| Grab Holdings Class A † | 3,500,000 | 14,770,000 | |
| 14,770,000 | |||
| South Africa — 0.22% | |||
| Naspers Class N | 431,990 | 24,016,460 | |
| 24,016,460 | |||
| South Korea — 57.71% | |||
| Hyundai Motor | 283,000 | 132,597,845 | |
| KB Financial Group ADR | 245,928 | 27,052,080 | |
| LG Chem | 190,000 | 55,144,247 | |
| LG Electronics | 70,819 | 7,172,978 | |
| Lotte | 300,000 | 7,455,683 | |
| Number of shares | Value (US $) | ||
| Common StocksΔ (continued) | |||
| South Korea (continued) | |||
| Lotte Chilsung Beverage | 44,000 | $ 4,254,710 | |
| Lotte Wellfood | 60,000 | 5,297,185 | |
| Samsung C&T | 2,017,831 | 491,657,814 | |
| Samsung Electronics | 5,200,000 | 782,620,785 | |
| Samsung Life Insurance | 300,000 | 47,966,632 | |
| Shinhan Financial Group | 400,000 | 26,944,734 | |
| SK hynix | 2,120,000 | 1,563,656,587 | |
| SK Square † | 6,999,060 | 3,138,264,651 | |
| SK Telecom ADR | 2,991,174 | 90,752,219 | |
| 6,380,838,150 | |||
| Taiwan — 17.12% | |||
| FIT Hon Teng 144A #, † | 38,000,000 | 30,503,361 | |
| MediaTek | 3,900,000 | 240,238,358 | |
| Taiwan Semiconductor Manufacturing | 26,000,000 | 1,622,353,036 | |
| 1,893,094,755 | |||
| Türkiye — 0.81% | |||
| Akbank | 25,000,000 | 51,298,538 | |
| D-MARKET Elektronik Hizmetler ve Ticaret ADR † | 144,600 | 383,190 | |
| Turk Telekomunikasyon † | 951,192 | 1,471,150 | |
| Turkcell Iletisim Hizmetleri | 2,427,827 | 6,399,198 | |
| Turkcell Iletisim Hizmetleri ADR | 4,449,485 | 29,989,529 | |
| 89,541,605 | |||
| Total Common Stocks (cost $4,069,059,701) | 10,965,052,614 | ||
| Preferred Stocks — 1.21%Δ | |||
| Brazil — 0.07% | |||
| Braskem Class A †, ω | 1,470,000 | 2,744,153 | |
| Usinas Siderurgicas de Minas Gerais Class A †, ω | 3,235,733 | 4,430,868 | |
| 7,175,021 | |||
| Russia — 0.00% | |||
| Transneft PJSC =, †, ω | 1,200,000 | 0 | |
| 0 | |||
| Number of shares | Value (US $) | ||
| Preferred StocksΔ (continued) | |||
| South Korea — 1.14% | |||
| LG Chem ω | 58,307 | $ 8,147,172 | |
| Samsung Electronics ω | 1,183,100 | 118,268,878 | |
| 126,416,050 | |||
| Total Preferred Stocks (cost $57,444,276) | 133,591,071 | ||
| Rights — 0.00%Δ | |||
| Brazil — 0.00% | |||
| Sitios Latinoamerica † | 1,369,199 | 8,442 | |
| Total Rights (cost $0) | 8,442 | ||
| Exchange-Traded Fund — 0.11% | |||
| iShares MSCI Turkey ETF << | 290,275 | 11,793,873 | |
| Total Exchange-Traded Fund (cost $13,207,352) | 11,793,873 | ||
| Participation Notes — 0.00% | |||
| Lehman Indian Oil CW 12 LEPO =, † | 172,132 | 0 | |
| Lehman Oil & Natural Gas CW 12 LEPO =, † | 254,590 | 0 | |
| Total Participation Notes (cost $8,559,056) | 0 | ||
| Total Value of Securities—100.49% (cost $4,148,270,385) | 11,110,446,000 | ||
| Liabilities Net of Receivables and Other Assets — (0.49%) | (53,929,695) | ||
| Net Assets Applicable to 253,271,248 Shares Outstanding — 100.00% | $11,056,516,305 | ||
| Δ | Securities have been classified by country of risk. |
| † | Non-income producing security. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At February 28, 2026, the aggregate value of Rule 144A securities was $177,756,442, which represents 1.61% of the Fund’s net assets. |
| << | Affiliated company. |
| = | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| ω | Perpetual security with no stated maturity date. |
| Summary of abbreviations: |
| ADR – American Depositary Receipt |
| ETF – Exchange-Traded Fund |
| GDR – Global Depositary Receipt |
| IPJSC – International Public Joint Stock Company |
| LEPO – Low Exercise Price Option |
| MSCI – Morgan Stanley Capital International |
| PJSC – Private Joint Stock Company |