| Nomura Emerging Markets Fund | August 31, 2026 (Unaudited) |
| Number of shares | Value (US $) | ||
| Common Stocks — 98.82%Δ | |||
| Argentina — 0.42% | |||
| Cablevision Holding GDR | 443,972 | $ 2,616,333 | |
| Cresud ADR | 1,643,789 | 18,903,573 | |
| Grupo Clarin GDR Class B 144A # | 131,213 | 609,070 | |
| IRSA Inversiones y Representaciones ADR | 1,751,834 | 26,207,437 | |
| 48,336,413 | |||
| Bahrain — 0.02% | |||
| Aluminium Bahrain GDR 144A # | 221,400 | 2,524,912 | |
| 2,524,912 | |||
| Brazil — 2.92% | |||
| Ambev ADR | 6,031,243 | 17,309,668 | |
| Auren Energia † | 350,225 | 752,285 | |
| Axia Energia ADR | 989,541 | 10,063,632 | |
| Axia Energia ADR † | 259,841 | 2,663,370 | |
| Banco Bradesco ADR | 14,700,000 | 48,216,000 | |
| Banco Santander Brasil ADR | 2,884,119 | 16,583,684 | |
| Embraer ADR | 420,704 | 30,105,578 | |
| Itau Unibanco Holding ADR | 6,744,112 | 51,322,692 | |
| MBRF Global Foods ADR | 4,192,735 | 14,339,154 | |
| Petroleo Brasileiro ADR | 4,900,000 | 85,260,000 | |
| Rumo | 1,905,351 | 5,574,610 | |
| Sitios Latinoamerica † | 1,565,678 | 649,432 | |
| Telefonica Brasil ADR | 1,430,000 | 16,502,200 | |
| TIM ADR | 900,000 | 16,146,000 | |
| Vale ADR | 1,000,000 | 15,090,000 | |
| XP Class A | 211,715 | 3,859,565 | |
| 334,437,870 | |||
| Chile — 0.21% | |||
| Cia Cervecerias Unidas ADR | 410,528 | 4,836,020 | |
| Sociedad Quimica y Minera de Chile ADR | 240,000 | 18,962,400 | |
| 23,798,420 | |||
| China — 5.49% | |||
| Alibaba Group Holding ADR | 2,020,000 | 230,320,400 | |
| Baidu ADR † | 650,000 | 61,932,000 | |
| China Petroleum & Chemical Class H | 30,000,000 | 18,313,570 | |
| DiDi Global ADR † | 1,278,300 | 4,665,795 | |
| Guangshen Railway Class H | 11,000,000 | 3,431,163 | |
| iQIYI ADR † | 1,450,000 | 1,354,155 | |
| Kunlun Energy | 21,000,000 | 20,709,451 | |
| PDD Holdings ADR † | 645,000 | 54,180,000 | |
| Number of shares | Value (US $) | ||
| Common StocksΔ (continued) | |||
| China (continued) | |||
| PetroChina Class H | 18,000,000 | $ 23,354,107 | |
| Sohu.com ADR <<, † | 2,219,642 | 31,185,970 | |
| Tencent Holdings | 2,684,000 | 155,113,830 | |
| Tencent Music Entertainment Group ADR | 1,000,000 | 8,270,000 | |
| Tianjin Development Holdings | 15,885,550 | 4,184,968 | |
| Trip.com Group ADR † | 50,000 | 2,232,500 | |
| Weibo ADR | 1,450,000 | 9,903,500 | |
| 629,151,409 | |||
| India — 7.08% | |||
| Aurobindo Pharma | 1,500,000 | 27,058,901 | |
| BSE | 1,500,000 | 51,722,372 | |
| Glenmark Pharmaceuticals | 1,167,988 | 30,432,572 | |
| Lupin | 2,500,000 | 57,479,808 | |
| Reliance Industries | 34,895,921 | 468,181,403 | |
| Reliance Industries GDR 144A # | 2,340,879 | 122,351,736 | |
| Tata Chemicals | 1,866,909 | 12,611,964 | |
| Tata Consumer Products | 2,128,276 | 23,198,753 | |
| United Breweries | 1,000,000 | 13,747,456 | |
| Zee Entertainment Enterprises | 3,530,000 | 3,470,614 | |
| 810,255,579 | |||
| Indonesia — 0.05% | |||
| Astra International | 12,295,500 | 3,331,549 | |
| Telkom Indonesia Persero ADR | 133,422 | 1,945,293 | |
| 5,276,842 | |||
| Malaysia — 0.02% | |||
| UEM Sunrise | 17,000,000 | 2,528,047 | |
| 2,528,047 | |||
| Mexico — 2.06% | |||
| America Movil ADR | 1,430,000 | 32,947,200 | |
| Cemex ADR | 5,100,000 | 54,774,000 | |
| Coca-Cola Femsa ADR | 160,000 | 17,785,600 | |
| Fomento Economico Mexicano ADR | 420,000 | 50,572,200 | |
| Grupo Financiero Banorte Class O | 4,000,000 | 45,353,000 | |
| Grupo Televisa ADR † | 6,017,000 | 16,546,750 | |
| Ollamani SAB † | 1,504,250 | 6,328,020 | |
| Wal-Mart de Mexico | 4,000,000 | 11,124,676 | |
| 235,431,446 | |||
| Number of shares | Value (US $) | ||
| Common StocksΔ (continued) | |||
| Peru — 0.57% | |||
| Cia de Minas Buenaventura ADR | 603,884 | $ 20,713,221 | |
| Credicorp | 120,000 | 43,965,600 | |
| 64,678,821 | |||
| 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 | |||
| South Africa — 0.18% | |||
| Naspers Class N | 431,990 | 21,142,462 | |
| 21,142,462 | |||
| South Korea — 60.02% | |||
| KB Financial Group ADR | 190,000 | 23,710,100 | |
| LG Chem | 241,270 | 49,361,099 | |
| LG Display † | 2,830,895 | 19,526,267 | |
| Lotte | 300,000 | 5,238,930 | |
| Lotte Chilsung Beverage | 44,000 | 3,208,534 | |
| Lotte Wellfood | 60,000 | 6,387,549 | |
| Samsung C&T | 2,017,831 | 555,102,566 | |
| Samsung Electronics | 5,200,000 | 987,870,817 | |
| Samsung Life Insurance | 300,000 | 67,075,844 | |
| Shinhan Financial Group | 400,000 | 31,828,146 | |
| SK hynix ** | 1,730,000 | 2,116,045,594 | |
| SK Square ** | 3,933,403 | 2,980,373,309 | |
| SK Telecom ADR | 700,000 | 26,873,000 | |
| 6,872,601,755 | |||
| Taiwan — 18.82% | |||
| FIT Hon Teng 144A #, † | 38,000,000 | 25,815,053 | |
| MediaTek | 2,500,000 | 309,327,911 | |
| Taiwan Semiconductor Manufacturing | 24,000,000 | 1,819,557,405 | |
| 2,154,700,369 | |||
| Türkiye — 0.57% | |||
| Akbank | 25,000,000 | 37,220,265 | |
| D-MARKET Elektronik Hizmetler ve Ticaret ADR † | 144,600 | 384,636 | |
| Number of shares | Value (US $) | ||
| Common StocksΔ (continued) | |||
| Türkiye (continued) | |||
| Turk Telekomunikasyon † | 951,192 | $ 1,007,168 | |
| Turkcell Iletisim Hizmetleri | 2,427,827 | 4,781,702 | |
| Turkcell Iletisim Hizmetleri ADR | 4,449,485 | 22,380,910 | |
| 65,774,681 | |||
| United States — 0.39% | |||
| BeOne Medicines Class H † | 1,615,700 | 44,399,311 | |
| 44,399,311 | |||
| Total Common Stocks (cost $3,527,852,794) | 11,315,038,337 | ||
| Preferred Stocks — 1.51%Δ | |||
| Brazil — 0.05% | |||
| Braskem Class A †, ω | 1,470,000 | 1,217,068 | |
| Usinas Siderurgicas de Minas Gerais Class A †, ω | 3,235,733 | 4,633,582 | |
| 5,850,650 | |||
| Russia — 0.00% | |||
| Transneft PJSC =, †, ω | 1,200,000 | 0 | |
| 0 | |||
| South Korea — 1.46% | |||
| LG Chem ω | 58,307 | 5,427,672 | |
| Samsung Electronics ω | 1,183,100 | 161,221,796 | |
| 166,649,468 | |||
| Total Preferred Stocks (cost $57,444,276) | 172,500,118 | ||
| Exchange-Traded Fund — 0.10% | |||
| iShares MSCI Turkey ETF << | 290,275 | 11,706,791 | |
| Total Exchange-Traded Fund (cost $13,207,352) | 11,706,791 | ||
| Number of shares | Value (US $) | ||
| 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—100.43% (cost $3,607,063,478) | 11,499,245,246 | ||
| Liabilities Net of Receivables and Other Assets — (0.43%) | (49,103,792) | ||
| Net Assets Applicable to 193,366,168 Shares Outstanding — 100.00% | $11,450,141,454 | ||
| Δ | Securities have been classified by country of risk. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At August 31, 2026, the aggregate value of Rule 144A securities was $151,300,771, which represents 1.32% of the Fund’s net assets. |
| † | Non-income producing security. |
| << | Affiliated company. |
| = | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| ** | Because SK Square invests most of its assets in SK hynix, these two holdings are likely to perform similarly. |
| 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 |
| PJSC – Private Joint Stock Company |