Schedule of investments
Nomura International Core Equity Fund
June 30, 2026 (Unaudited)
    Number of
shares
Value (US $)
Common Stocks — 96.10%Δ
Brazil — 5.82%
Banco do Brasil    5,378,207 $   20,784,385
Cia de Saneamento Basico do Estado de Sao Paulo    4,644,833     26,731,881
Embraer ADR      195,139     12,449,868
MercadoLibre †       11,493    19,508,103
     79,474,237
Canada — 4.03%
Alimentation Couche-Tard      451,653     28,788,600
TFI International      182,678    26,295,585
     55,084,185
China — 5.84%
Henderson Land Development    4,945,000     15,684,209
Lenovo Group   10,078,000     29,904,486
Prudential      943,495     12,531,517
WuXi AppTec Class H 144A #    1,100,000    21,654,088
     79,774,300
Denmark — 2.25%
Ascendis Pharma †      115,139    30,709,874
     30,709,874
France — 2.57%
Airbus      157,654    35,076,728
     35,076,728
Germany — 5.93%
adidas      167,306     34,336,145
BioNTech ADR †      135,880     12,643,634
Siemens Energy      178,602    34,048,956
     81,028,735
India — 5.10%
Axis Bank    2,265,404     32,241,604
Bharti Airtel    1,914,307    37,499,830
     69,741,434
Ireland — 0.74%
Experian      300,623    10,132,081
     10,132,081
Japan — 12.29%
Daikin Industries      297,100     45,319,278
Hoya      159,400     25,711,440
Mitsubishi UFJ Financial Group    2,055,900     40,959,561
SMC       96,300     43,054,402
Sompo Holdings      337,100    12,806,525
    167,851,206
Mexico — 1.92%
Cemex ADR    2,185,668    26,228,016
     26,228,016
    Number of
shares
Value (US $)
Common StocksΔ (continued)
Netherlands — 10.69%
Adyen 144A #, †       12,744 $   11,955,368
Argenx ADR †       35,154     32,614,827
ASML Holding       27,980     55,405,323
ING Groep    1,457,564    45,990,979
    145,966,497
Singapore — 3.59%
Grab Holdings Class A †    3,332,264     12,562,635
Sea ADR †      235,139     22,533,370
STMicroelectronics      186,985    14,003,307
     49,099,312
South Korea — 7.30%
Samsung Electronics      250,383     55,559,297
SK hynix       25,028    44,163,972
     99,723,269
Spain — 3.14%
Banco Bilbao Vizcaya Argentaria    1,701,953    42,849,746
     42,849,746
Switzerland — 1.02%
Nestle      135,382    13,885,477
     13,885,477
Taiwan — 9.17%
Taiwan Semiconductor Manufacturing    1,587,000   125,198,876
    125,198,876
United Kingdom — 5.26%
3i Group      443,550     14,585,654
Barclays    5,963,263     39,959,825
Compass Group      534,673    17,274,934
     71,820,413
United States — 9.44%
Booking Holdings      110,654     19,722,969
BP ADR      402,596     14,875,922
CNH Industrial    1,239,619     13,920,922
James Hardie Industries †    1,309,357     34,278,966
SLB      558,376     25,958,900
Spotify Technology †       43,952    20,179,682
    128,937,361
Total Common Stocks (cost $946,412,205) 1,312,581,747
 
Preferred Stock — 1.87%Δ
Germany — 1.87%
Henkel & Co. 2.75% ω      303,413    25,516,939
Total Preferred Stock (cost $27,064,489)    25,516,939
    
NQ- IV961 [0626] 0826 (5831270)    1

 

Schedule of investments
Nomura International Core Equity Fund 
    Number ofshares Value (US $)
Short-Term Investments — 1.64%
Money Market Mutual Funds — 1.64%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.54%)    5,588,119 $    5,588,119
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.53%)    5,588,119      5,588,119
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.59%)    5,588,119      5,588,119
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.56%)    5,588,118     5,588,118
Total Short-Term Investments (cost $22,352,475)    22,352,475
Total Value of Securities—99.61%
(cost $995,829,169)
    1,360,451,161
Receivables and Other Assets Net of Liabilities — 0.39%         5,356,001
Net Assets Applicable to 54,789,081 Shares Outstanding — 100.00%     $1,365,807,162
    
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 June 30, 2026, the aggregate value of Rule 144A securities was $33,609,456, which represents 2.46% of the Fund’s net assets.
ω Perpetual security with no stated maturity date.
Summary of abbreviations:
ADR – American Depositary Receipt
2    NQ- IV961 [0626] 0826 (5831270)