Performance Management - DELAWARE GROUP EQUITY FUNDS IV - A, C, R, and Institutional
Mar. 31, 2026
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance. The
Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in
the future. The returns reflect
any expense caps in effect during these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management Company
became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 6.51%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 17.88%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -19.74%
for the quarter ended March 31,
2020. The maximum Class A
sales charge of 5.75%, which is normally
deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
9.92%
|
7.35%
|
7.61%
|
|
Class
A return after taxes on distributions.......................................
|
7.38%
|
4.73%
|
5.53%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
7.36%
|
5.08%
|
5.50%
|
|
Class
C return before taxes.................................................
|
14.75%
|
7.75%
|
7.57%
|
|
Institutional
Class return before taxes..........................................
|
16.90%
|
8.90%
|
8.53%
|
|
Class
R6 return before taxes................................................
|
16.98%
|
9.01%
|
8.66%
|
|
Class
R return before taxes.................................................
|
16.31%
|
8.31%
|
7.92%
|
|
Class
Y return before taxes..................................................
|
16.63%
|
8.64%
|
8.28%
|
|
MSCI
ACWI (All Country World Index) (net) (reflects
no deduction for fees or expenses)......
|
22.34%
|
11.19%
|
11.72%
|
|
MSCI
ACWI (All Country World Index) (gross) (reflects no deduction for fees, expenses, or taxes)............................................................... |
22.87%
|
11.70%
|
12.28%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance. The
Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in
the future. The returns reflect
any expense caps in effect during these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management Company
became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 7.19%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 15.62%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -16.28%
for the quarter ended March 31,
2020. The maximum Class A
sales charge of 5.75%, which is normally
deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
5.30%
|
6.67%
|
7.79%
|
|
Class
A return after taxes on distributions.......................................
|
4.50%
|
4.67%
|
5.93%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
3.49%
|
4.74%
|
5.75%
|
|
Class
C return before taxes.................................................
|
9.94%
|
7.10%
|
7.78%
|
|
Institutional
Class return before taxes..........................................
|
12.03%
|
8.19%
|
8.69%
|
|
Class
R6 return before taxes................................................
|
12.11%
|
8.30%
|
8.83%
|
|
Class
R return before taxes.................................................
|
11.44%
|
7.62%
|
8.08%
|
|
Class
Y return before taxes..................................................
|
11.70%
|
7.93%
|
8.43%
|
|
S&P
500®
Index (reflects
no deduction for fees, expenses, or taxes)....................
|
17.88%
|
14.42%
|
14.82%
|
|
Bloomberg
US Aggregate Index (reflects no deduction for fees, expenses, or taxes).........
|
7.30%
|
-0.36%
|
2.01%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance. The
Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in
the future. The returns reflect
any expense caps in effect during these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 10.75%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 20.29%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -17.74%
for the quarter ended March 31,
2020. The maximum Class A
sales charge of 5.75%, which is normally
deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
8.70%
|
12.47%
|
13.07%
|
|
Class
A return after taxes on distributions.......................................
|
5.37%
|
9.20%
|
10.44%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
7.52%
|
9.29%
|
10.08%
|
|
Class
C return before taxes.................................................
|
13.59%
|
12.93%
|
13.00%
|
|
Institutional
Class return before taxes..........................................
|
15.64%
|
14.09%
|
14.01%
|
|
Class
R6 return before taxes................................................
|
15.73%
|
14.18%
|
14.13%
|
|
Class
R return before taxes.................................................
|
15.04%
|
13.48%
|
13.36%
|
|
Class
Y return before taxes..................................................
|
15.35%
|
13.86%
|
13.90%
|
|
S&P
500®
Index (reflects
no deduction for fees, expenses, or taxes)....................
|
17.88%
|
14.42%
|
14.82%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance. The
Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in
the future. The returns reflect
any expense caps in effect during these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management Company
became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 9.27%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 22.41%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -20.48%
for the quarter ended March 31,
2020. The maximum Class A
sales charge of 5.75%, which is normally
deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes.................................................
|
11.07%
|
8.48%
|
9.87%
|
|
Class
A return after taxes on distributions.......................................
|
8.90%
|
4.91%
|
7.42%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
8.09%
|
5.83%
|
7.41%
|
|
Class
C return before taxes.................................................
|
15.97%
|
8.86%
|
9.78%
|
|
Institutional
Class return before taxes..........................................
|
18.16%
|
10.03%
|
10.82%
|
|
Class
R6 return before taxes................................................
|
18.28%
|
10.13%
|
10.96%
|
|
Class
R return before taxes.................................................
|
17.57%
|
9.45%
|
10.20%
|
|
Class
Y return before taxes.................................................
|
17.84%
|
9.77%
|
10.54%
|
|
MSCI
ACWI (All Country World Index) (net) (reflects
no deduction for fees or expenses)......
|
22.34%
|
11.19%
|
11.72%
|
|
MSCI
ACWI (All Country World Index) (gross) (reflects no deduction for fees, expenses, or taxes)............................................................... |
22.87%
|
11.70%
|
12.28%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance. The
Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in
the future. The returns reflect
any expense caps in effect during these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management Company
became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 9.76%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 18.28%
for the quarter ended December
31, 2022, and its lowest
quarterly return was -24.49%
for the quarter ended March
31, 2020. The maximum Class
A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes.................................................
|
16.85%
|
6.41%
|
5.86%
|
|
Class
A return after taxes on distributions.......................................
|
14.02%
|
5.54%
|
5.01%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
12.28%
|
4.96%
|
4.51%
|
|
Class
C return before taxes.................................................
|
22.02%
|
6.90%
|
5.90%
|
|
Institutional
Class return before taxes..........................................
|
24.32%
|
8.02%
|
6.86%
|
|
Class
R6 return before taxes................................................
|
24.45%
|
8.08%
|
6.92%
|
|
Class
R return before taxes.................................................
|
23.70%
|
7.39%
|
6.19%
|
|
Class
Y return before taxes.................................................
|
23.98%
|
7.71%
|
6.53%
|
|
MSCI
ACWI (All Country World Index) ex USA Index (net) (reflects
no deduction for fees or expenses)............................................................ |
32.39%
|
7.91%
|
8.41%
|
|
MSCI
ACWI (All Country World Index) ex USA Index (gross) (reflects no deduction for fees, expenses, or taxes)...................................................... |
33.11%
|
8.46%
|
8.95%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of -1.62%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 25.44%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -19.61%
for the quarter ended June
30, 2022.
The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If
this fee were included, the returns would be less than those shown. The average annual total returns in the table
below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
2.58%
|
10.73%
|
14.75%
|
|
Class
A return after taxes on distributions.......................................
|
0.69%
|
8.92%
|
12.73%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
2.88%
|
8.08%
|
11.66%
|
|
Class
C return before taxes.................................................
|
7.07%
|
11.17%
|
14.71%
|
|
Institutional
Class return before taxes..........................................
|
9.12%
|
12.36%
|
15.75%
|
|
Class
R6 return before taxes................................................
|
9.20%
|
12.41%
|
15.83%
|
|
Class
R return before taxes.................................................
|
8.57%
|
11.72%
|
15.05%
|
|
Class
Y return before taxes..................................................
|
8.84%
|
12.05%
|
15.45%
|
|
Russell
1000®
Index (reflects
no deduction for fees, expenses, or taxes).................
|
17.37%
|
13.59%
|
14.59%
|
|
Russell
1000®
Growth Index (reflects no deduction for fees, expenses, or taxes)...........
|
18.56%
|
15.32%
|
18.13%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 4.99%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 37.07%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -21.85%
for the quarter ended June
30, 2022.
The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If
this fee were included, the returns would be less than those shown. The average annual total returns in the table
below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
-4.96%
|
-1.20%
|
10.00%
|
|
Class
A return after taxes on distributions.......................................
|
-7.19%
|
-3.36%
|
7.88%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
-1.30%
|
-0.94%
|
7.96%
|
|
Class
C return before taxes.................................................
|
-0.76%
|
-0.78%
|
9.99%
|
|
Institutional
Class return before taxes..........................................
|
1.12%
|
0.27%
|
11.00%
|
|
Class
R6 return before taxes................................................
|
1.24%
|
0.32%
|
11.07%
|
|
Class
R return before taxes.................................................
|
0.59%
|
-0.32%
|
10.31%
|
|
Class
Y return before taxes..................................................
|
0.84%
|
-0.02%
|
10.67%
|
|
Russell
3000®
Index (reflects
no deduction for fees, expenses, or taxes).................
|
17.15%
|
13.15%
|
14.29%
|
|
Russell
Midcap®
Growth Index (reflects no deduction for fees, expenses, or taxes)..........
|
8.66%
|
6.65%
|
12.49%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 9.01%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 23.59%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -29.52%
for the quarter ended March
31, 2020.
The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If
this fee were included, the returns would be less than those shown. The average annual total returns in the table
below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
1.97%
|
6.84%
|
9.51%
|
|
Class
A return after taxes on distributions.......................................
|
-1.29%
|
4.99%
|
8.29%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
3.41%
|
5.20%
|
7.62%
|
|
Class
C return before taxes.................................................
|
6.37%
|
7.29%
|
9.51%
|
|
Institutional
Class return before taxes..........................................
|
8.45%
|
8.43%
|
10.51%
|
|
Class
R6 return before taxes................................................
|
8.60%
|
8.49%
|
10.58%
|
|
Class
R return before taxes.................................................
|
7.91%
|
7.80%
|
9.81%
|
|
Class
Y return before taxes..................................................
|
8.17%
|
8.11%
|
10.16%
|
|
Russell
3000®
Index (reflects
no deduction for fees, expenses, or taxes).................
|
17.15%
|
13.15%
|
14.29%
|
|
Russell
Midcap Index (reflects no deduction for fees, expenses, or taxes)................
|
10.60%
|
8.67%
|
11.01%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 21.42%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 26.93%
for the quarter ended December
31, 2020, and its lowest
quarterly return was -29.00%
for the quarter ended March
31, 2020. The maximum Class
A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
2.42%
|
7.04%
|
9.28%
|
|
Class
A return after taxes on distributions.......................................
|
1.98%
|
4.53%
|
7.37%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
1.73%
|
4.77%
|
6.93%
|
|
Class
C return before taxes.................................................
|
6.91%
|
7.52%
|
9.30%
|
|
Institutional
Class return before taxes..........................................
|
8.95%
|
8.66%
|
10.34%
|
|
Class
R6 return before taxes................................................
|
9.07%
|
8.72%
|
10.41%
|
|
Class
R return before taxes.................................................
|
8.37%
|
8.03%
|
9.65%
|
|
Class
Y return before taxes..................................................
|
8.63%
|
8.33%
|
9.98%
|
|
Russell
3000®
Index (reflects
no deduction for fees, expenses, or taxes).................
|
17.15%
|
13.15%
|
14.29%
|
|
Russell
2500TM
Index (reflects no deduction for fees, expenses, or taxes)................
|
11.91%
|
7.26%
|
10.40%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 21.87%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 27.88%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -21.70%
for the quarter ended June
30, 2022.
The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If
this fee were included, the returns would be less than those shown. The average annual total returns in the table
below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
7.07%
|
0.83%
|
9.16%
|
|
Class
A return after taxes on distributions.......................................
|
2.76%
|
-2.29%
|
6.26%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
7.31%
|
0.29%
|
6.94%
|
|
Class
C return before taxes.................................................
|
11.61%
|
1.24%
|
9.17%
|
|
Institutional
Class return before taxes..........................................
|
13.83%
|
2.32%
|
10.16%
|
|
Class
R6 return before taxes................................................
|
13.93%
|
2.38%
|
10.24%
|
|
Class
R return before taxes.................................................
|
13.25%
|
1.73%
|
9.49%
|
|
Class
Y return before taxes..................................................
|
13.50%
|
2.03%
|
9.84%
|
|
Russell
3000®
Index (reflects
no deduction for fees, expenses, or taxes).................
|
17.15%
|
13.15%
|
14.29%
|
|
Russell
2000®
Growth Index (reflects no deduction for fees, expenses, or taxes)...........
|
13.01%
|
3.18%
|
9.57%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance. The
Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in
the future. The returns reflect
any expense caps in effect during these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management Company
became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 24.01%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 27.23%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -23.93%
for the quarter ended March 31,
2020. The maximum Class A
sales charge of 5.75%, which is normally
deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
19.29%
|
-0.28%
|
7.49%
|
|
Class
A return after taxes on distributions.......................................
|
17.48%
|
-1.25%
|
6.89%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
14.04%
|
-0.04%
|
6.16%
|
|
Class
C return before taxes.................................................
|
24.60%
|
0.19%
|
7.51%
|
|
Institutional
Class return before taxes..........................................
|
26.93%
|
1.23%
|
8.52%
|
|
Class
R6 return before taxes................................................
|
27.13%
|
1.33%
|
8.60%
|
|
Class
R return before taxes.................................................
|
26.31%
|
0.66%
|
7.85%
|
|
Class
Y return before taxes..................................................
|
26.59%
|
0.92%
|
8.18%
|
|
MSCI
Emerging Markets Index (net) (reflects
no deduction for fees or expenses)...........
|
33.57%
|
4.20%
|
8.42%
|
|
MSCI
Emerging Markets Index (gross) (reflects no deduction for fees, expenses, or taxes)....
|
34.36%
|
4.67%
|
8.86%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year
and the table shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those
of a broad measure of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and
after taxes) is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during
these periods. The returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy; subsequently, effective July 29, 2022, the Fund repositioned into a climate solutions
fund. Performance prior to the Fund’s repositioning on July 29, 2022 reflects the Fund’s former strategies; its performance
may have differed if the Fund’s current
strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 15.63%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 38.84%
for the quarter ended December
31, 2020, and its lowest
quarterly return was -61.54%
for the quarter ended March
31, 2020. The maximum Class
A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
15.57%
|
16.68%
|
0.54%
|
|
Class
A return after taxes on distributions.......................................
|
15.31%
|
16.24%
|
0.30%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
9.40%
|
13.46%
|
0.37%
|
|
Class
C return before taxes.................................................
|
20.69%
|
17.22%
|
0.58%
|
|
Institutional
Class return before taxes..........................................
|
22.83%
|
18.43%
|
1.47%
|
|
Class
R6 return before taxes................................................
|
23.03%
|
18.53%
|
1.56%
|
|
Class
R return before taxes.................................................
|
22.32%
|
17.74%
|
0.84%
|
|
Class
Y return before taxes..................................................
|
22.57%
|
18.06%
|
1.17%
|
|
MSCI
ACWI (All Country World Index) (net) (reflects
no deduction for fees or expenses)......
|
22.34%
|
11.19%
|
11.72%
|
|
MSCI
ACWI (All Country World Index) (gross) (reflects no deduction for fees, expenses, or taxes)............................................................... |
22.87%
|
11.70%
|
12.28%
|
|
MSCI
ACWI Investable Market Index (net) (reflects no deduction for fees or expenses).......
|
22.06%
|
10.75%
|
11.45%
|
|
MSCI
ACWI Investable Market Index (gross) (reflects no deduction for fees, expenses, or taxes)............................................................... |
22.60%
|
11.26%
|
11.99%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 8.13%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 25.86%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -38.77%
for the quarter ended March
31, 2020.
The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If
this fee were included, the returns would be less than those shown. The average annual total returns in the table
below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
30.06%
|
14.20%
|
6.08%
|
|
Class
A return after taxes on distributions.......................................
|
30.06%
|
13.48%
|
5.66%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
17.80%
|
11.18%
|
4.72%
|
|
Class
C return before taxes.................................................
|
36.00%
|
14.73%
|
6.14%
|
|
Institutional
Class return before taxes..........................................
|
38.26%
|
15.98%
|
7.20%
|
|
Class
R6 return before taxes................................................
|
38.52%
|
16.10%
|
7.35%
|
|
Class
R return before taxes.................................................
|
37.64%
|
15.37%
|
6.61%
|
|
Class
Y return before taxes..................................................
|
37.93%
|
15.69%
|
6.94%
|
|
S&P
500®
Index (reflects
no deduction for fees, expenses or taxes).....................
|
17.88%
|
14.42%
|
14.82%
|
|
S&P
Global Natural Resources Index (net) (reflects no deduction for fees or expenses).......
|
28.86%
|
10.60%
|
10.38%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective July 29, 2022, the Fund changed its
investment strategy. Performance prior to the Fund’s change of investment strategy on July 29, 2022 reflects
the Fund’s former strategy; its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 17.35%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 15.68%
for the quarter ended September
30, 2024, and its lowest
quarterly return was -21.73%
for the quarter ended March
31, 2020. The maximum Class
A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
0.49%
|
4.98%
|
4.68%
|
|
Class
A return after taxes on distributions.......................................
|
-4.56%
|
0.58%
|
1.39%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
3.27%
|
3.27%
|
3.05%
|
|
Class
C return before taxes.................................................
|
5.00%
|
5.36%
|
4.62%
|
|
Institutional
Class return before taxes..........................................
|
6.97%
|
6.53%
|
5.65%
|
|
Class
R6 return before taxes................................................
|
7.13%
|
6.65%
|
5.79%
|
|
Class
R return before taxes.................................................
|
6.33%
|
5.95%
|
5.04%
|
|
Class
Y return before taxes..................................................
|
6.63%
|
6.26%
|
5.40%
|
|
S&P
500®
Index (reflects
no deduction for fees, expenses or taxes).....................
|
17.88%
|
14.42%
|
14.82%
|
|
FTSE
Nareit Equity REITs Index (reflects no deduction for fees, expenses or taxes).........
|
2.88%
|
6.63%
|
5.70%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 43.50%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 28.28%
for the quarter ended June
30, 2025, and its lowest
quarterly return was -24.09%
for the quarter ended June
30, 2022.
The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If
this fee were included, the returns would be less than those shown. The average annual total returns in the table
below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
26.10%
|
12.70%
|
16.89%
|
|
Class
A return after taxes on distributions.......................................
|
21.42%
|
7.46%
|
13.13%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
18.75%
|
8.60%
|
13.00%
|
|
Class
C return before taxes.................................................
|
31.78%
|
13.13%
|
16.86%
|
|
Institutional
Class return before taxes..........................................
|
34.15%
|
14.30%
|
17.86%
|
|
Class
R6 return before taxes................................................
|
34.22%
|
14.42%
|
18.00%
|
|
Class
R return before taxes.................................................
|
33.46%
|
13.69%
|
17.19%
|
|
Class
Y return before taxes..................................................
|
33.80%
|
14.04%
|
17.59%
|
|
S&P
500®
Index (reflects
no deduction for fees, expenses or taxes).....................
|
17.88%
|
14.42%
|
14.82%
|
|
S&P
North American Technology Sector Index (reflects no deduction for fees, expenses, or taxes)............................................................... |
27.82%
|
18.02%
|
22.54%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
Effective November 15, 2021, the Fund changed
its investment strategy. Performance prior to November 15, 2021 reflects the Fund’s former strategy;
its performance may have differed if the Fund’s current strategy had been in place.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of 1.19%.
During the periods illustrated in this bar chart, Class A’s highest
quarterly return was 9.39%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -6.60%
for the quarter ended March 31,
2020.
The maximum Class A sales charge of 4.50%,
which is normally deducted when you purchase shares, is not reflected in the highest/lowest quarterly
returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total returns in
the table below do include the sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
-0.24%
|
-0.55%
|
2.47%
|
|
Class
A return after taxes on distributions.......................................
|
-1.73%
|
-1.82%
|
1.32%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
-0.16%
|
-0.97%
|
1.40%
|
|
Class
C return before taxes.................................................
|
2.64%
|
-0.13%
|
2.47%
|
|
Institutional
Class return before taxes..........................................
|
4.70%
|
0.86%
|
3.34%
|
|
Class
R6 return before taxes................................................
|
4.83%
|
0.94%
|
3.38%
|
|
Class
R return before taxes.................................................
|
4.19%
|
0.30%
|
2.67%
|
|
Class
Y return before taxes..................................................
|
4.44%
|
0.61%
|
3.08%
|
|
Bloomberg
Global Aggregate Index (reflects
no deduction for fees, expenses or taxes).......
|
8.17%
|
-2.15%
|
1.26%
|
|
Bloomberg
Global Aggregate Index, Hedged to USD (reflects no deduction for fees, expenses or taxes).............................................................. |
4.86%
|
0.34%
|
2.39%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
The
bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s
performance from year to year and the table
shows how the Fund’s average annual total returns for the 1-, 5-, and 10-year periods compare with those of a broad measure
of market performance and an additional index with characteristics relevant to the Fund. The
Fund’s past performance (before and after taxes)
is not necessarily an indication of how the Fund will perform in the future.
The returns reflect any expense caps in effect during these periods. The
returns would be lower without the expense caps.
On April 30, 2021, Delaware Management
Company became the Fund’s investment manager. The returns shown from before April 30, 2021 are from the
Fund’s prior investment manager.
You may obtain the Fund’s most recently
available month-end performance by calling 800
523-1918 or by visiting our
website at nomuraassetmanagement.com/performance.
As
of June
30, 2026, the Fund’s
Class A shares had a calendar year-to-date return of -0.76%.
During the periods illustrated in this bar chart, Class A’s
highest
quarterly return was 8.54%
for the quarter ended June
30, 2020, and its lowest
quarterly return was -15.83%
for the quarter ended March 31,
2020. The maximum Class A
sales charge of 4.50%, which is normally
deducted when you purchase shares, is not reflected in the highest/lowest
quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total
returns in the table below do include the
sales charge.
|
|
1
year |
5
years |
10
years |
|
Class
A return before taxes..................................................
|
0.96%
|
2.29%
|
4.88%
|
|
Class
A return after taxes on distributions.......................................
|
-1.61%
|
-0.42%
|
1.97%
|
|
Class
A return after taxes on distributions and sale of Fund shares.....................
|
0.52%
|
0.53%
|
2.42%
|
|
Class
C return before taxes.................................................
|
3.89%
|
2.75%
|
4.90%
|
|
Institutional
Class return before taxes..........................................
|
5.93%
|
3.76%
|
5.75%
|
|
Class
R6 return before taxes................................................
|
6.20%
|
3.89%
|
5.90%
|
|
Class
R return before taxes.................................................
|
5.40%
|
3.21%
|
5.16%
|
|
Class
Y return before taxes..................................................
|
5.67%
|
3.51%
|
5.50%
|
|
Bloomberg
US Aggregate Index (reflects
no deduction for fees, expenses or taxes).........
|
7.30%
|
-0.36%
|
2.01%
|
|
ICE
BofA US High Yield Constrained Index (reflects no deduction for fees, expenses or taxes).
|
8.50%
|
4.50%
|
6.44%
|
After-tax
performance is presented only for Class A shares of the Fund.
The after-tax returns for other Fund classes may vary.
Actual after-tax returns depend on the investor’s
individual tax situation and may differ from the returns shown. After-tax
returns are not relevant for shares held in tax-advantaged
investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The
after-tax returns shown are calculated using
the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact
of state and local taxes.
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