EX-99.h.2.x
AMENDMENT NO. 10
TO AMENDED AND RESTATED FUND ACCOUNTING AND FINANCIAL
ADMINISTRATION SERVICES AGREEMENT
THIS AMENDMENT NO. 10 (“Amendment”) is made as of July 8, 2026 (the “Effective Date”) to that certain Amended and Restated Fund Accounting and Financial Administration Services Agreement dated as of January 1, 2014 (as amended, restated, supplemented or otherwise modified) by and between each investment company listed on Schedule A attached thereto (each an “Existing Fund” and collectively, the “Existing Funds”) and the Bank of New York Mellon (referred to herein as “BNY”).
BACKGROUND:
| A. | The Existing Funds and BNY are parties to an Amended and Restated Fund Accounting and Financial Administration Services Agreement dated as of January 1, 2014 (the “Agreement”), as amended by Amendment No. 1 dated July 1, 2017, Amendment No. 2 dated October 11, 2021, Amendment No. 3 dated December 31, 2021, Amendment No. 4 dated January 31, 2022, Amendment No. 5 dated May 15, 2024, Amendment No. 6 dated July 30, 2024, Amendment No. 7 dated April 1, 2025, Amendment No. 8 dated April 25, 2025, and Amendment No. 9 dated December 1, 2025. |
| B. | Nomura Smid Cap Core Fund and Nomura Strategic Income Fund are expected to be reorganized into exchange-traded funds (“ETFs”) on or about November 6, 2026, (the “Conversion Date”), and will be series of Nomura ETF Trust II (formerly, Voyageur Insured Funds (the “Trust”)). |
| C. | The Trust , together with the following new series of the Trust, Nomura Small and Mid Cap ETF and Nomura Strategic Income ETF (the “New Funds” and collectively with the Existing Funds, the “Funds”) desire to retain BNY to perform the services described in the Agreement as amended hereby as of the Conversion Date. |
| D. | The parties desire to amend the Agreement as set forth herein. |
| E. | This Background section is incorporated by reference into and make part of this Amendment. |
TERMS:
In consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party, and intending to be legally bound, the parties agree as follows:
| 1. | Schedule A is hereby deleted in its entirety and replaced with a new Schedule A attached hereto, which reflects the addition of Nomura ETF Trust II and the New Funds to such revised Schedule A. Notwithstanding anything to the contrary in the Agreement or this Amendment, BNY shall have no obligation to commence providing any services under the Agreement with respect to the New Funds until the Conversion Date. |
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| 2. | Miscellaneous |
| a. | Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings set forth in the Agreement. |
| b. | As hereby amended and supplemented, the Agreement shall remain in full force and effect. In the event of a conflict between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment shall control with respect to the matters described herein. |
| c. | The parties expressly agree that this Amendment may be executed in one or more counterparts and expressly agree that such execution may occur by manual signature on a physically delivered copy of this Amendment, by a manual signature on a copy of this Amendment transmitted by facsimile transmission, by a manual signature on a copy of this Amendment transmitted as an imaged document attached to an email, or by “Electronic Signature”, which is hereby defined to mean inserting an image, representation or symbol of a signature into an electronic copy of this Amendment by electronic, digital or other technological methods. Each counterpart executed in accordance with the foregoing shall be deemed an original, with all such counterparts together constituting one and the same instrument. The exchange of executed counterparts of this Amendment or of executed signature pages to counterparts of this Amendment, in either case by facsimile transmission or as an imaged document attached to an email transmission, shall constitute effective execution and delivery of this Amendment and may be used for all purposes in lieu of a manually executed and physically delivered copy of this Amendment. |
| d. | If any provision or provisions of this Amendment shall be held to be invalid, unlawful or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. |
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[Signature pages follow]
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IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed as of the Effective Date by its duly authorized representative indicated below. An authorized representative, if executing this Amendment by Electronic Signature, affirms authorization to execute this Amendment by Electronic Signature and that the Electronic Signature represents an intent to enter into this Amendment and an agreement with its terms.
NC MACAU I, LTD.
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that NC Macau I, Ltd. has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
NC MACAU II, LTD.
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that NC Macau II, Ltd. has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
CHATTANOOGA OPPORTUNITIES LLC
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that Chattanooga Opportunities LLC has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
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IVY ASF II, LTD.
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that Ivy ASF II, Ltd. has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
IVY VIP ASF II, LTD.
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that Ivy VIP ASF II, Ltd. has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
Ivy ASF III (SBP), LLC
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that Ivy ASF III (SBP), LLC has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
IVY VIP ASF III (SBP), LLC
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that Ivy VIP ASF III (SBP), LLC has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
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IVY WGA ASF III (SBP), LLC
By: Nomura Alternative Strategies, a series of Nomura Investment Management Business Trust, solely in its capacity as investment adviser
By signing below, Nomura Alternative Strategies in its individual capacity covenants to BNY that Ivy WGA ASF III (SBP), LLC has the power to authorize and direct, and has duly authorized and directed, Nomura Alternative Strategies to bind it to the terms of this Amendment
| By: | /s/ Daniel Geatens | |
| Name: | Daniel Geatens | |
| Title: | Senior Vice President |
DELAWARE GROUP ADVISER FUNDS
DELAWARE GROUP CASH RESERVE
DELAWARE GROUP EQUITY FUNDS II
DELAWARE GROUP EQUITY FUNDS IV
DELAWARE GROUP EQUITY FUNDS V
DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS
DELAWARE GROUP GOVERNMENT FUND
DELAWARE GROUP INCOME FUNDS
DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS
DELAWARE GROUP STATE TAX-FREE INCOME TRUST
DELAWARE GROUP TAX-FREE FUND
DELAWARE POOLED TRUST
DELAWARE VIP TRUST
IVY FUNDS
IVY VARIABLE INSURANCE PORTFOLIOS
VOYAGEUR MUTUAL FUNDS
VOYAGEUR MUTUAL FUNDS II
NOMURA ETF TRUST II
VOYAGEUR TAX FREE FUNDS
| By: | ||
| Name: | Daniel Geatens | |
| Title: | Senior Vice President | |
THE BANK OF NEW YORK MELLON
| By: | /s/ Allison M. Gardner | |
| Name: | Allison M. Gardner | |
| Title: | Senior Vice President |
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Schedule A
The following registrants, Funds / Portfolios and share classes are covered by, and made parties to, the Amendment as of the date first written above.
| Registrant, Fund / Portfolio and Share Class |
|
Delaware Group® Adviser Funds Nomura Diversified Income Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
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Delaware Group® Cash Reserve Nomura Ultrashort Fund – Institutional Class Shares |
|
Delaware Group® Equity Funds II Nomura Value Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
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Delaware Group® Equity Funds IV Nomura Healthcare Fund – Class A, Class C, Class R and Institutional Class Shares Nomura Growth and Income Fund – Class A, R6 and Institutional Class Shares Nomura Opportunity Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
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Delaware Group® Equity Funds V Nomura Small Cap Core Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares Nomura Cap Value Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares Nomura Wealth Builder Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
|
Delaware Group® Global & International Funds Nomura Emerging Markets Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
|
Delaware Group® Government Fund Nomura Emerging Markets Debt Corporate Fund – Class A, Class C and Institutional Class Shares Nomura Strategic Income Fund – Class A, Class C, Class R and Institutional Class Shares |
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Delaware Group® Income Funds Nomura Corporate Bond Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares Nomura Extended Duration Bond Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares Nomura Floating Rate Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
|
Delaware Group® Limited-Term Government Funds Nomura Limited-Term Diversified Income Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares Nomura Tax-Free Oregon Fund – Class A and Institutional Class Shares |
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Delaware Group® State Tax-Free Income Trust Nomura Tax-Free Pennsylvania Fund – Class A, Class C, and Institutional Class Shares |
|
Delaware Group® Tax-Free Fund Nomura Tax-Free USA Fund – Class A, Class C, and Institutional Class Shares Nomura Tax-Free USA Intermediate Fund – Class A, Class C, and Institutional Class Shares |
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Delaware Pooled® Trust Nomura Global Listed Real Assets Fund – Class A, Class C, Class R, Class R6 and Institutional Class Shares |
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Delaware VIP® Trust Nomura VIP Emerging Markets Series – Standard Class Shares and Service Class Shares Nomura VIP Small Cap Value Series – Standard Class Shares and Service Class Shares Nomura VIP Fund for Income Series – Standard Class Shares and Service Class Shares Nomura VIP Growth and Income Series – Standard Class Shares Nomura VIP Growth Equity Series – Standard Class Shares Nomura VIP Investment Grade Series – Standard Class Shares and Service Class Shares Nomura VIP Limited Duration Bond Series – Standard Class Shares Nomura VIP Opportunity Series – Standard Class Shares Nomura VIP Total Return Series – Standard Class Shares and Service Class Shares |
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| Registrant, Name of Portfolio and Share Class |
|
Ivy Funds Nomura Asset Strategy Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Balanced Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Core Equity Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Climate Solutions Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Global Bond Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Global Growth Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura High Income Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura International Core Equity Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Large Cap Growth Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Mid Cap Growth Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Mid Cap Income Opportunities Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Natural Resources Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Science and Technology Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Real Estate Securities Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Small Cap Growth Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Smid Cap Core Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares Nomura Systematic Emerging Markets Equity Fund – Class A, Class C, Class R, Class R6, Y Class and Institutional Class Shares |
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Ivy Variable Insurance Portfolios Nomura VIP Asset Strategy Series – Standard Class and Service Class Shares Nomura VIP Balanced Series – Service Class Shares Nomura VIP Core Equity Series – Service Class Shares Nomura VIP Corporate Bond Series – Service Class Shares Nomura VIP Energy Series – Standard and Service Class Shares Nomura VIP Global Growth Series – Service Class Shares Nomura VIP Growth Series – Service Class Shares Nomura VIP High Income Series – Standard and Service Class Shares Nomura VIP International Core Equity Series – Standard and Service Class Shares Nomura VIP Limited-Term Bond Series – Service Class Shares Nomura VIP Mid Cap Growth – Standard and Service Class Shares Nomura VIP Natural Resources Series – Service Class Shares Nomura VIP Pathfinder Aggressive Series – Service Class Shares Nomura VIP Pathfinder Conservative Series – Service Class Shares Nomura VIP Pathfinder Moderate Series – Service Class Shares Nomura VIP Pathfinder Moderate – Managed Volatility Series – Service Class Shares Nomura VIP Pathfinder Moderately Aggressive Series – Service Class Shares Nomura VIP Pathfinder Moderately Aggressive – Managed Volatility Series – Service Class Shares Nomura VIP Pathfinder Moderately Conservative Series – Service Class Shares Nomura VIP Pathfinder Moderately Conservative – Service Managed Volatility Series – Service Class Shares Nomura VIP Science and Technology Series – Standard and Service Class Shares Nomura VIP Small Cap Growth Series – Standard and Service Class Shares Nomura VIP Smid Cap Core Series – Service Class Shares Nomura VIP Value Series – Service Class Shares |
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Voyageur Mutual Funds Nomura Minnesota High-Yield Municipal Bond Fund – Class A, Class C and Institutional Class Shares Nomura National High-Yield Municipal Bond Fund – Class A, Class C and Institutional Class Shares Nomura Tax-Free California Fund – Class A, Class C and Institutional Class Shares Nomura Tax-Free Idaho Fund – Class A, Class C and Institutional Class Shares Nomura Tax-Free New York Fund – Class A, Class C and Institutional Class Shares |
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| Registrant, Name of Portfolio and Share Class |
|
Voyageur Mutual Funds II Nomura Tax-Free Colorado Fund – Class A, Class C and Institutional Class Shares |
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Nomura ETF Trust II (formerly Voyageur Insured Funds) Nomura Small and Mid Cap ETF* Nomura Strategic Income ETF*
* BNY shall have no obligation to provide services to the Funds until the Conversion Date. |
|
Voyageur Tax Free Funds Nomura Tax-Free Minnesota Fund – Class A, Class C and Institutional Class Shares |
| Chattanooga Opportunities LLC |
| Ivy ASF II, Ltd. |
| Ivy VIP ASF II, Ltd. |
| Ivy ASF III (SBP), LLC |
| Ivy VIP ASF III (SBP), LLC |
| Ivy WGA ASF III (SBP), LLC |
| NC Macau I, Ltd. |
| NC Macau II, Ltd. |
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