M&A - DELAWARE VIP TRUST
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000807
Filing Summary: On June 18, 2025, Macquarie Group Limited, along with its affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the termination of investment advisory agreements with Delaware Management Company (DMC) for all related funds. A new investment advisory agreement is proposed, pending shareholder approval, to be effective at closing of the transaction. The Board also approved an interim agreement allowing DMC to provide services for a transitional period. Additionally, name changes for several funds from Macquarie to Nomura are set to occur upon closing. Shareholders will receive proxy materials for consideration of the new advisory agreement in July 2025, emphasizing the importance of the forthcoming proxy statement.
Additional details:
Investment Advisory Agreement: New investment advisory agreement pending shareholder approval.
Interim Agreement: Effective at the time of the transaction for transition period.
Name Changes: Numerous funds will change names from Macquarie to Nomura upon transaction closing.
Proxy Materials Timing: To be mailed in late July 2025.
Board Approval Date: 2025-06-18
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000808
Filing Summary: On June 18, 2025, it was announced that Nomura Holding America Inc. will acquire Macquarie Asset Management’s US and European public investments business from Macquarie Group Limited. This transaction will lead to the automatic termination of the investment advisory agreements between Delaware Management Company (DMC) and each Macquarie Fund. Anticipating this, the Board of Trustees of each Fund has approved a new investment advisory agreement conditional on shareholder approval, which will take effect upon closing of the transaction. Proxy materials for a special meeting will be sent to Fund shareholders to approve this new agreement, likely in late July 2025. An interim agreement has also been approved by the Board allowing DMC to provide services for a specified duration post-transaction. The document also lists numerous name changes for funds from 'Macquarie' to 'Nomura' upon closing of the transaction. Further details on closing will be provided in future fund supplements.
Additional details:
Fund Name: Macquarie Asset Strategy Fund
New Name: Nomura Asset Strategy Fund
Fund Name: Macquarie Balanced Fund
New Name: Nomura Balanced Fund
Fund Name: Macquarie Climate Solutions Fund
New Name: Nomura Climate Solutions Fund
Fund Name: Macquarie Core Equity Fund
New Name: Nomura Core Equity Fund
Fund Name: Macquarie Corporate Bond Fund
New Name: Nomura Corporate Bond Fund
Fund Name: Macquarie Diversified Income Fund
New Name: Nomura Diversified Income Fund
Fund Name: Macquarie Emerging Markets Debt Corporate Fund
New Name: Nomura Emerging Markets Debt Corporate Fund
Fund Name: Macquarie Emerging Markets Fund
New Name: Nomura Emerging Markets Fund
Fund Name: Macquarie Extended Duration Bond Fund
New Name: Nomura Extended Duration Bond Fund
Fund Name: Macquarie Floating Rate Fund
New Name: Nomura Floating Rate Fund
Fund Name: Macquarie Global Allocation Fund
New Name: Nomura Global Allocation Fund
Fund Name: Macquarie Global Bond Fund
New Name: Nomura Global Bond Fund
Fund Name: Macquarie Global Growth Fund
New Name: Nomura Global Growth Fund
Fund Name: Macquarie Global Listed Real Assets Fund
New Name: Nomura Global Listed Real Assets Fund
Fund Name: Macquarie Growth and Income Fund
New Name: Nomura Growth and Income Fund
Fund Name: Macquarie Healthcare Fund
New Name: Nomura Healthcare Fund
Fund Name: Macquarie High Income Fund
New Name: Nomura High Income Fund
Fund Name: Macquarie International Core Equity Fund
New Name: Nomura International Core Equity Fund
Fund Name: Macquarie Large Cap Growth Fund
New Name: Nomura Large Cap Growth Fund
Fund Name: Macquarie Limited-Term Diversified Income Fund
New Name: Nomura Limited-Term Diversified Income Fund
Fund Name: Macquarie Mid Cap Growth Fund
New Name: Nomura Mid Cap Growth Fund
Fund Name: Macquarie Mid Cap Income Opportunities Fund
New Name: Nomura Mid Cap Income Opportunities Fund
Fund Name: Macquarie Minnesota High-Yield Municipal Bond Fund
New Name: Nomura Minnesota High-Yield Municipal Bond Fund
Fund Name: Macquarie National High-Yield Municipal Bond Fund
New Name: Nomura National High-Yield Municipal Bond Fund
Fund Name: Macquarie Natural Resources Fund
New Name: Nomura Natural Resources Fund
Fund Name: Macquarie Opportunity Fund
New Name: Nomura Opportunity Fund
Fund Name: Macquarie Real Estate Securities Fund
New Name: Nomura Real Estate Securities Fund
Fund Name: Macquarie Science and Technology Fund
New Name: Nomura Science and Technology Fund
Fund Name: Macquarie Small Cap Core Fund
New Name: Nomura Small Cap Core Fund
Fund Name: Macquarie Small Cap Growth Fund
New Name: Nomura Small Cap Growth Fund
Fund Name: Macquarie Small Cap Value Fund
New Name: Nomura Small Cap Value Fund
Fund Name: Macquarie Smid Cap Core Fund
New Name: Nomura Smid Cap Core Fund
Fund Name: Macquarie Strategic Income Fund
New Name: Nomura Strategic Income Fund
Fund Name: Macquarie Systematic Emerging Markets Equity Fund
New Name: Nomura Systematic Emerging Markets Equity Fund
Fund Name: Macquarie Tax-Free California Fund
New Name: Nomura Tax-Free California Fund
Fund Name: Macquarie Tax-Free Colorado Fund
New Name: Nomura Tax-Free Colorado Fund
Fund Name: Macquarie Tax-Free Idaho Fund
New Name: Nomura Tax-Free Idaho Fund
Fund Name: Macquarie Tax-Free Minnesota Fund
New Name: Nomura Tax-Free Minnesota Fund
Fund Name: Macquarie Tax-Free New York Fund
New Name: Nomura Tax-Free New York Fund
Fund Name: Macquarie Tax-Free Oregon Fund
New Name: Nomura Tax-Free Oregon Fund
Fund Name: Macquarie Tax-Free Pennsylvania Fund
New Name: Nomura Tax-Free Pennsylvania Fund
Fund Name: Macquarie Tax-Free USA Fund
New Name: Nomura Tax-Free USA Fund
Fund Name: Macquarie Tax-Free USA Intermediate Fund
New Name: Nomura Tax-Free USA Intermediate Fund
Fund Name: Macquarie Ultrashort Fund
New Name: Nomura Ultrashort Fund
Fund Name: Macquarie Value Fund
New Name: Nomura Value Fund
Fund Name: Macquarie Wealth Builder Fund
New Name: Nomura Wealth Builder Fund
Fund Name: Macquarie VIP Asset Strategy Series
New Name: Nomura VIP Asset Strategy Series
Fund Name: Macquarie VIP Balanced Series
New Name: Nomura VIP Balanced Series
Fund Name: Macquarie VIP Core Equity Series
New Name: Nomura VIP Core Equity Series
Fund Name: Macquarie VIP Corporate Bond Series
New Name: Nomura VIP Corporate Bond Series
Fund Name: Macquarie VIP Emerging Markets Series
New Name: Nomura VIP Emerging Markets Series
Fund Name: Macquarie VIP Energy Series
New Name: Nomura VIP Energy Series
Fund Name: Macquarie VIP Fund for Income Series
New Name: Nomura VIP Fund for Income Series
Fund Name: Macquarie VIP Global Growth Series
New Name: Nomura VIP Global Growth Series
Fund Name: Macquarie VIP Growth and Income Series
New Name: Nomura VIP Growth and Income Series
Fund Name: Macquarie VIP Growth Equity Series
New Name: Nomura VIP Growth Equity Series
Fund Name: Macquarie VIP Growth Series
New Name: Nomura VIP Growth Series
Fund Name: Macquarie VIP High Income Series
New Name: Nomura VIP High Income Series
Fund Name: Macquarie VIP International Core Equity Series
New Name: Nomura VIP International Core Equity Series
Fund Name: Macquarie VIP Investment Grade Series
New Name: Nomura VIP Investment Grade Series
Fund Name: Macquarie VIP Limited Duration Bond Series
New Name: Nomura VIP Limited Duration Bond Series
Fund Name: Macquarie VIP Limited-Term Bond Series
New Name: Nomura VIP Limited-Term Bond Series
Fund Name: Macquarie VIP Mid Cap Growth Series
New Name: Nomura VIP Mid Cap Growth Series
Fund Name: Macquarie VIP Natural Resources Series
New Name: Nomura VIP Natural Resources Series
Fund Name: Macquarie VIP Opportunity Series
New Name: Nomura VIP Opportunity Series
Fund Name: Macquarie VIP Pathfinder Aggressive Series
New Name: Nomura VIP Pathfinder Aggressive Series
Fund Name: Macquarie VIP Pathfinder Conservative Series
New Name: Nomura VIP Pathfinder Conservative Series
Fund Name: Macquarie VIP Pathfinder Moderate Series
New Name: Nomura VIP Pathfinder Moderate Series
Fund Name: Macquarie VIP Pathfinder Moderately Aggressive Series
New Name: Nomura VIP Pathfinder Moderately Aggressive Series
Fund Name: Macquarie VIP Pathfinder Moderately Conservative Series
New Name: Nomura VIP Pathfinder Moderately Conservative Series
Fund Name: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Fund Name: Macquarie VIP Science and Technology Series
New Name: Nomura VIP Science and Technology Series
Fund Name: Macquarie VIP Small Cap Growth Series
New Name: Nomura VIP Small Cap Growth Series
Fund Name: Macquarie VIP Small Cap Value Series
New Name: Nomura VIP Small Cap Value Series
Fund Name: Macquarie VIP Smid Cap Core Series
New Name: Nomura VIP Smid Cap Core Series
Fund Name: Macquarie VIP Total Return Series
New Name: Nomura VIP Total Return Series
Fund Name: Macquarie VIP Value Series
New Name: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000809
Filing Summary: On June 18, 2025, Macquarie Group Limited and Nomura Holding America Inc. announced their agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will result in the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC). Additionally, each Fund's Board of Trustees has approved a new investment advisory agreement contingent upon shareholder approval, set to take effect at the closing of the transaction. Proxy materials will be sent to shareholders for a special meeting to vote on the new advisory agreement. An interim agreement allowing DMC to provide investment advisory services for up to 150 days was also authorized. Name changes for multiple funds from Macquarie to Nomura were approved to take effect after the transaction closes.
Additional details:
Current Name: Macquarie Asset Strategy Fund
New Name: Nomura Asset Strategy Fund
Current Name: Macquarie Balanced Fund
New Name: Nomura Balanced Fund
Current Name: Macquarie Climate Solutions Fund
New Name: Nomura Climate Solutions Fund
Current Name: Macquarie Core Equity Fund
New Name: Nomura Core Equity Fund
Current Name: Macquarie Corporate Bond Fund
New Name: Nomura Corporate Bond Fund
Current Name: Macquarie Diversified Income Fund
New Name: Nomura Diversified Income Fund
Current Name: Macquarie Emerging Markets Debt Corporate Fund
New Name: Nomura Emerging Markets Debt Corporate Fund
Current Name: Macquarie Emerging Markets Fund
New Name: Nomura Emerging Markets Fund
Current Name: Macquarie Extended Duration Bond Fund
New Name: Nomura Extended Duration Bond Fund
Current Name: Macquarie Floating Rate Fund
New Name: Nomura Floating Rate Fund
Current Name: Macquarie Global Allocation Fund
New Name: Nomura Global Allocation Fund
Current Name: Macquarie Global Bond Fund
New Name: Nomura Global Bond Fund
Current Name: Macquarie Global Growth Fund
New Name: Nomura Global Growth Fund
Current Name: Macquarie Global Listed Real Assets Fund
New Name: Nomura Global Listed Real Assets Fund
Current Name: Macquarie Growth and Income Fund
New Name: Nomura Growth and Income Fund
Current Name: Macquarie Healthcare Fund
New Name: Nomura Healthcare Fund
Current Name: Macquarie High Income Fund
New Name: Nomura High Income Fund
Current Name: Macquarie International Core Equity Fund
New Name: Nomura International Core Equity Fund
Current Name: Macquarie Large Cap Growth Fund
New Name: Nomura Large Cap Growth Fund
Current Name: Macquarie Limited-Term Diversified Income Fund
New Name: Nomura Limited-Term Diversified Income Fund
Current Name: Macquarie Mid Cap Growth Fund
New Name: Nomura Mid Cap Growth Fund
Current Name: Macquarie Mid Cap Income Opportunities Fund
New Name: Nomura Mid Cap Income Opportunities Fund
Current Name: Macquarie Minnesota High-Yield Municipal Bond Fund
New Name: Nomura Minnesota High-Yield Municipal Bond Fund
Current Name: Macquarie National High-Yield Municipal Bond Fund
New Name: Nomura National High-Yield Municipal Bond Fund
Current Name: Macquarie Natural Resources Fund
New Name: Nomura Natural Resources Fund
Current Name: Macquarie Opportunity Fund
New Name: Nomura Opportunity Fund
Current Name: Macquarie Real Estate Securities Fund
New Name: Nomura Real Estate Securities Fund
Current Name: Macquarie Science and Technology Fund
New Name: Nomura Science and Technology Fund
Current Name: Macquarie Small Cap Core Fund
New Name: Nomura Small Cap Core Fund
Current Name: Macquarie Small Cap Growth Fund
New Name: Nomura Small Cap Growth Fund
Current Name: Macquarie Small Cap Value Fund
New Name: Nomura Small Cap Value Fund
Current Name: Macquarie Smid Cap Core Fund
New Name: Nomura Smid Cap Core Fund
Current Name: Macquarie Strategic Income Fund
New Name: Nomura Strategic Income Fund
Current Name: Macquarie Systematic Emerging Markets Equity Fund
New Name: Nomura Systematic Emerging Markets Equity Fund
Current Name: Macquarie Tax-Free California Fund
New Name: Nomura Tax-Free California Fund
Current Name: Macquarie Tax-Free Colorado Fund
New Name: Nomura Tax-Free Colorado Fund
Current Name: Macquarie Tax-Free Idaho Fund
New Name: Nomura Tax-Free Idaho Fund
Current Name: Macquarie Tax-Free Minnesota Fund
New Name: Nomura Tax-Free Minnesota Fund
Current Name: Macquarie Tax-Free New York Fund
New Name: Nomura Tax-Free New York Fund
Current Name: Macquarie Tax-Free Oregon Fund
New Name: Nomura Tax-Free Oregon Fund
Current Name: Macquarie Tax-Free Pennsylvania Fund
New Name: Nomura Tax-Free Pennsylvania Fund
Current Name: Macquarie Tax-Free USA Fund
New Name: Nomura Tax-Free USA Fund
Current Name: Macquarie Tax-Free USA Intermediate Fund
New Name: Nomura Tax-Free USA Intermediate Fund
Current Name: Macquarie Ultrashort Fund
New Name: Nomura Ultrashort Fund
Current Name: Macquarie Value Fund
New Name: Nomura Value Fund
Current Name: Macquarie Wealth Builder Fund
New Name: Nomura Wealth Builder Fund
Current Name: Macquarie VIP Asset Strategy Series
New Name: Nomura VIP Asset Strategy Series
Current Name: Macquarie VIP Balanced Series
New Name: Nomura VIP Balanced Series
Current Name: Macquarie VIP Core Equity Series
New Name: Nomura VIP Core Equity Series
Current Name: Macquarie VIP Corporate Bond Series
New Name: Nomura VIP Corporate Bond Series
Current Name: Macquarie VIP Emerging Markets Series
New Name: Nomura VIP Emerging Markets Series
Current Name: Macquarie VIP Energy Series
New Name: Nomura VIP Energy Series
Current Name: Macquarie VIP Fund for Income Series
New Name: Nomura VIP Fund for Income Series
Current Name: Macquarie VIP Global Growth Series
New Name: Nomura VIP Global Growth Series
Current Name: Macquarie VIP Growth and Income Series
New Name: Nomura VIP Growth and Income Series
Current Name: Macquarie VIP Growth Equity Series
New Name: Nomura VIP Growth Equity Series
Current Name: Macquarie VIP Growth Series
New Name: Nomura VIP Growth Series
Current Name: Macquarie VIP High Income Series
New Name: Nomura VIP High Income Series
Current Name: Macquarie VIP International Core Equity Series
New Name: Nomura VIP International Core Equity Series
Current Name: Macquarie VIP Investment Grade Series
New Name: Nomura VIP Investment Grade Series
Current Name: Macquarie VIP Limited Duration Bond Series
New Name: Nomura VIP Limited Duration Bond Series
Current Name: Macquarie VIP Limited-Term Bond Series
New Name: Nomura VIP Limited-Term Bond Series
Current Name: Macquarie VIP Mid Cap Growth Series
New Name: Nomura VIP Mid Cap Growth Series
Current Name: Macquarie VIP Natural Resources Series
New Name: Nomura VIP Natural Resources Series
Current Name: Macquarie VIP Opportunity Series
New Name: Nomura VIP Opportunity Series
Current Name: Macquarie VIP Pathfinder Aggressive Series
New Name: Nomura VIP Pathfinder Aggressive Series
Current Name: Macquarie VIP Pathfinder Conservative Series
New Name: Nomura VIP Pathfinder Conservative Series
Current Name: Macquarie VIP Pathfinder Moderate Series
New Name: Nomura VIP Pathfinder Moderate Series
Current Name: Macquarie VIP Pathfinder Moderately Aggressive Series
New Name: Nomura VIP Pathfinder Moderately Aggressive Series
Current Name: Macquarie VIP Pathfinder Moderately Conservative Series
New Name: Nomura VIP Pathfinder Moderately Conservative Series
Current Name: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Current Name: Macquarie VIP Science and Technology Series
New Name: Nomura VIP Science and Technology Series
Current Name: Macquarie VIP Small Cap Growth Series
New Name: Nomura VIP Small Cap Growth Series
Current Name: Macquarie VIP Small Cap Value Series
New Name: Nomura VIP Small Cap Value Series
Current Name: Macquarie VIP Smid Cap Core Series
New Name: Nomura VIP Smid Cap Core Series
Current Name: Macquarie VIP Total Return Series
New Name: Nomura VIP Total Return Series
Current Name: Macquarie VIP Value Series
New Name: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000810
Filing Summary: On June 18, 2025, the Board of Trustees of various Macquarie Funds approved a new investment advisory agreement with Delaware Management Company (DMC) in anticipation of Nomura Holding America Inc.'s acquisition of Macquarie Asset Management's US and European public investments business. This acquisition will automatically terminate existing investment agreements with DMC. The approval of new agreements is pending shareholder voting during a special meeting, for which proxy materials will be mailed by late July 2025. Interim agreements allowing DMC to continue advisory services until new agreement approvals were also approved by the Board. Following the transaction, several name changes for the funds are slated to occur, replacing 'Macquarie' with 'Nomura' across various fund titles. Further details on the transaction's closure will be communicated in future fund supplements.
Additional details:
Board Approved New Agreement: true
Shareholder Meeting Materials Mailing Date: late July 2025
Interim Agreement Duration: 150 days
Number Of Name Changes: 34
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000811
Filing Summary: Macquarie Group Limited, together with its affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the automatic termination of investment advisory agreements with Delaware Management Company (DMC) for each Macquarie Fund. Consequently, a new advisory agreement is proposed, pending shareholder approval, to take effect upon closing the transaction. The Board of Trustees approved an interim advisory agreement allowing DMC to provide services temporarily until the new agreement is ratified. Significant name changes for the funds are also slated, transitioning from 'Macquarie' to 'Nomura', affecting numerous investment funds within the Macquarie family. Proxy materials for a special meeting will be mailed to shareholders in late July 2025, seeking approval for the new advisory agreement.
Additional details:
New Investment Advisory Agreement: approved
Interim Investment Advisory Agreement: approved
Shareholder Meeting Date: late July 2025
Name Changes: provided for various funds from Macquarie to Nomura
Proxy Statement Availability: available on SEC’s website
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000812
Filing Summary: Macquarie Group Limited and Nomura Holding America Inc. announced an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. The transaction will automatically terminate the investment advisory agreement between Delaware Management Company (DMC) and each Fund. The Board of Trustees approved a new investment advisory agreement pending shareholder approval, effective at closing. Proxy materials will be sent to shareholders for a special meeting. An interim agreement has been approved for DMC to provide services for up to 150 days or until shareholder approval. Name changes for various funds to incorporate 'Nomura' have been detailed, with further information on the transaction's closing expected in a future fund supplement. This document serves as a supplement to the current Summary Prospectus.
Additional details:
Current Name: Macquarie Asset Strategy Fund
New Name: Nomura Asset Strategy Fund
Current Name: Macquarie Balanced Fund
New Name: Nomura Balanced Fund
Current Name: Macquarie Climate Solutions Fund
New Name: Nomura Climate Solutions Fund
Current Name: Macquarie Core Equity Fund
New Name: Nomura Core Equity Fund
Current Name: Macquarie Corporate Bond Fund
New Name: Nomura Corporate Bond Fund
Current Name: Macquarie Diversified Income Fund
New Name: Nomura Diversified Income Fund
Current Name: Macquarie Emerging Markets Debt Corporate Fund
New Name: Nomura Emerging Markets Debt Corporate Fund
Current Name: Macquarie Emerging Markets Fund
New Name: Nomura Emerging Markets Fund
Current Name: Macquarie Extended Duration Bond Fund
New Name: Nomura Extended Duration Bond Fund
Current Name: Macquarie Floating Rate Fund
New Name: Nomura Floating Rate Fund
Current Name: Macquarie Global Allocation Fund
New Name: Nomura Global Allocation Fund
Current Name: Macquarie Global Bond Fund
New Name: Nomura Global Bond Fund
Current Name: Macquarie Global Growth Fund
New Name: Nomura Global Growth Fund
Current Name: Macquarie Global Listed Real Assets Fund
New Name: Nomura Global Listed Real Assets Fund
Current Name: Macquarie Growth and Income Fund
New Name: Nomura Growth and Income Fund
Current Name: Macquarie Healthcare Fund
New Name: Nomura Healthcare Fund
Current Name: Macquarie High Income Fund
New Name: Nomura High Income Fund
Current Name: Macquarie International Core Equity Fund
New Name: Nomura International Core Equity Fund
Current Name: Macquarie Large Cap Growth Fund
New Name: Nomura Large Cap Growth Fund
Current Name: Macquarie Limited-Term Diversified Income Fund
New Name: Nomura Limited-Term Diversified Income Fund
Current Name: Macquarie Mid Cap Growth Fund
New Name: Nomura Mid Cap Growth Fund
Current Name: Macquarie Mid Cap Income Opportunities Fund
New Name: Nomura Mid Cap Income Opportunities Fund
Current Name: Macquarie Minnesota High-Yield Municipal Bond Fund
New Name: Nomura Minnesota High-Yield Municipal Bond Fund
Current Name: Macquarie National High-Yield Municipal Bond Fund
New Name: Nomura National High-Yield Municipal Bond Fund
Current Name: Macquarie Natural Resources Fund
New Name: Nomura Natural Resources Fund
Current Name: Macquarie Opportunity Fund
New Name: Nomura Opportunity Fund
Current Name: Macquarie Real Estate Securities Fund
New Name: Nomura Real Estate Securities Fund
Current Name: Macquarie Science and Technology Fund
New Name: Nomura Science and Technology Fund
Current Name: Macquarie Small Cap Core Fund
New Name: Nomura Small Cap Core Fund
Current Name: Macquarie Small Cap Growth Fund
New Name: Nomura Small Cap Growth Fund
Current Name: Macquarie Small Cap Value Fund
New Name: Nomura Small Cap Value Fund
Current Name: Macquarie Smid Cap Core Fund
New Name: Nomura Smid Cap Core Fund
Current Name: Macquarie Strategic Income Fund
New Name: Nomura Strategic Income Fund
Current Name: Macquarie Systematic Emerging Markets Equity Fund
New Name: Nomura Systematic Emerging Markets Equity Fund
Current Name: Macquarie Tax-Free California Fund
New Name: Nomura Tax-Free California Fund
Current Name: Macquarie Tax-Free Colorado Fund
New Name: Nomura Tax-Free Colorado Fund
Current Name: Macquarie Tax-Free Idaho Fund
New Name: Nomura Tax-Free Idaho Fund
Current Name: Macquarie Tax-Free Minnesota Fund
New Name: Nomura Tax-Free Minnesota Fund
Current Name: Macquarie Tax-Free New York Fund
New Name: Nomura Tax-Free New York Fund
Current Name: Macquarie Tax-Free Oregon Fund
New Name: Nomura Tax-Free Oregon Fund
Current Name: Macquarie Tax-Free Pennsylvania Fund
New Name: Nomura Tax-Free Pennsylvania Fund
Current Name: Macquarie Tax-Free USA Fund
New Name: Nomura Tax-Free USA Fund
Current Name: Macquarie Tax-Free USA Intermediate Fund
New Name: Nomura Tax-Free USA Intermediate Fund
Current Name: Macquarie Ultrashort Fund
New Name: Nomura Ultrashort Fund
Current Name: Macquarie Value Fund
New Name: Nomura Value Fund
Current Name: Macquarie Wealth Builder Fund
New Name: Nomura Wealth Builder Fund
Current Name: Macquarie VIP Asset Strategy Series
New Name: Nomura VIP Asset Strategy Series
Current Name: Macquarie VIP Balanced Series
New Name: Nomura VIP Balanced Series
Current Name: Macquarie VIP Core Equity Series
New Name: Nomura VIP Core Equity Series
Current Name: Macquarie VIP Corporate Bond Series
New Name: Nomura VIP Corporate Bond Series
Current Name: Macquarie VIP Emerging Markets Series
New Name: Nomura VIP Emerging Markets Series
Current Name: Macquarie VIP Energy Series
New Name: Nomura VIP Energy Series
Current Name: Macquarie VIP Fund for Income Series
New Name: Nomura VIP Fund for Income Series
Current Name: Macquarie VIP Global Growth Series
New Name: Nomura VIP Global Growth Series
Current Name: Macquarie VIP Growth and Income Series
New Name: Nomura VIP Growth and Income Series
Current Name: Macquarie VIP Growth Equity Series
New Name: Nomura VIP Growth Equity Series
Current Name: Macquarie VIP Growth Series
New Name: Nomura VIP Growth Series
Current Name: Macquarie VIP High Income Series
New Name: Nomura VIP High Income Series
Current Name: Macquarie VIP International Core Equity Series
New Name: Nomura VIP International Core Equity Series
Current Name: Macquarie VIP Investment Grade Series
New Name: Nomura VIP Investment Grade Series
Current Name: Macquarie VIP Limited Duration Bond Series
New Name: Nomura VIP Limited Duration Bond Series
Current Name: Macquarie VIP Limited-Term Bond Series
New Name: Nomura VIP Limited-Term Bond Series
Current Name: Macquarie VIP Mid Cap Growth Series
New Name: Nomura VIP Mid Cap Growth Series
Current Name: Macquarie VIP Natural Resources Series
New Name: Nomura VIP Natural Resources Series
Current Name: Macquarie VIP Opportunity Series
New Name: Nomura VIP Opportunity Series
Current Name: Macquarie VIP Pathfinder Aggressive Series
New Name: Nomura VIP Pathfinder Aggressive Series
Current Name: Macquarie VIP Pathfinder Conservative Series
New Name: Nomura VIP Pathfinder Conservative Series
Current Name: Macquarie VIP Pathfinder Moderate Series
New Name: Nomura VIP Pathfinder Moderate Series
Current Name: Macquarie VIP Pathfinder Moderately Aggressive Series
New Name: Nomura VIP Pathfinder Moderately Aggressive Series
Current Name: Macquarie VIP Pathfinder Moderately Conservative Series
New Name: Nomura VIP Pathfinder Moderately Conservative Series
Current Name: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Current Name: Macquarie VIP Science and Technology Series
New Name: Nomura VIP Science and Technology Series
Current Name: Macquarie VIP Small Cap Growth Series
New Name: Nomura VIP Small Cap Growth Series
Current Name: Macquarie VIP Small Cap Value Series
New Name: Nomura VIP Small Cap Value Series
Current Name: Macquarie VIP Smid Cap Core Series
New Name: Nomura VIP Smid Cap Core Series
Current Name: Macquarie VIP Total Return Series
New Name: Nomura VIP Total Return Series
Current Name: Macquarie VIP Value Series
New Name: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000813
Filing Summary: On June 18, 2025, Macquarie Group Limited, the parent of Delaware Management Company, announced an agreement with Nomura Holding America Inc. for Nomura to acquire Macquarie Asset Management's US and European public investments business. This acquisition will automatically terminate the investment advisory agreements each Fund has with DMC. In anticipation of this closing, each Fund's Board of Trustees has approved a new investment advisory agreement, pending shareholder approval, which will take effect upon the transaction's closing. Proxy materials for a special shareholder meeting will be mailed in late July 2025. Each Fund will also undergo a name change upon the closing of the transaction to reflect the new management by Nomura.
Additional details:
Board Meeting Date: 2025-06-18
New Investment Advisory Agreement: pending shareholder approval
Proxy Materials Mail Date: late July 2025
Interim Agreement Duration: up to 150 days
Name Changes: [{"current_name":"Macquarie Asset Strategy Fund","new_name":"Nomura Asset Strategy Fund"},{"current_name":"Macquarie Balanced Fund","new_name":"Nomura Balanced Fund"},{"current_name":"Macquarie Climate Solutions Fund","new_name":"Nomura Climate Solutions Fund"},{"current_name":"Macquarie Core Equity Fund","new_name":"Nomura Core Equity Fund"},{"current_name":"Macquarie Corporate Bond Fund","new_name":"Nomura Corporate Bond Fund"},{"current_name":"Macquarie Diversified Income Fund","new_name":"Nomura Diversified Income Fund"},{"current_name":"Macquarie Emerging Markets Debt Corporate Fund","new_name":"Nomura Emerging Markets Debt Corporate Fund"},{"current_name":"Macquarie Emerging Markets Fund","new_name":"Nomura Emerging Markets Fund"},{"current_name":"Macquarie Extended Duration Bond Fund","new_name":"Nomura Extended Duration Bond Fund"},{"current_name":"Macquarie Floating Rate Fund","new_name":"Nomura Floating Rate Fund"},{"current_name":"Macquarie Global Allocation Fund","new_name":"Nomura Global Allocation Fund"},{"current_name":"Macquarie Global Bond Fund","new_name":"Nomura Global Bond Fund"},{"current_name":"Macquarie Global Growth Fund","new_name":"Nomura Global Growth Fund"},{"current_name":"Macquarie Global Listed Real Assets Fund","new_name":"Nomura Global Listed Real Assets Fund"},{"current_name":"Macquarie Growth and Income Fund","new_name":"Nomura Growth and Income Fund"},{"current_name":"Macquarie Healthcare Fund","new_name":"Nomura Healthcare Fund"},{"current_name":"Macquarie High Income Fund","new_name":"Nomura High Income Fund"},{"current_name":"Macquarie International Core Equity Fund","new_name":"Nomura International Core Equity Fund"},{"current_name":"Macquarie Large Cap Growth Fund","new_name":"Nomura Large Cap Growth Fund"},{"current_name":"Macquarie Limited-Term Diversified Income Fund","new_name":"Nomura Limited-Term Diversified Income Fund"},{"current_name":"Macquarie Mid Cap Growth Fund","new_name":"Nomura Mid Cap Growth Fund"},{"current_name":"Macquarie Mid Cap Income Opportunities Fund","new_name":"Nomura Mid Cap Income Opportunities Fund"},{"current_name":"Macquarie Minnesota High-Yield Municipal Bond Fund","new_name":"Nomura Minnesota High-Yield Municipal Bond Fund"},{"current_name":"Macquarie National High-Yield Municipal Bond Fund","new_name":"Nomura National High-Yield Municipal Bond Fund"},{"current_name":"Macquarie Natural Resources Fund","new_name":"Nomura Natural Resources Fund"},{"current_name":"Macquarie Opportunity Fund","new_name":"Nomura Opportunity Fund"},{"current_name":"Macquarie Real Estate Securities Fund","new_name":"Nomura Real Estate Securities Fund"},{"current_name":"Macquarie Science and Technology Fund","new_name":"Nomura Science and Technology Fund"},{"current_name":"Macquarie Small Cap Core Fund","new_name":"Nomura Small Cap Core Fund"},{"current_name":"Macquarie Small Cap Growth Fund","new_name":"Nomura Small Cap Growth Fund"},{"current_name":"Macquarie Small Cap Value Fund","new_name":"Nomura Small Cap Value Fund"},{"current_name":"Macquarie Smid Cap Core Fund","new_name":"Nomura Smid Cap Core Fund"},{"current_name":"Macquarie Strategic Income Fund","new_name":"Nomura Strategic Income Fund"},{"current_name":"Macquarie Systematic Emerging Markets Equity Fund","new_name":"Nomura Systematic Emerging Markets Equity Fund"},{"current_name":"Macquarie Tax-Free California Fund","new_name":"Nomura Tax-Free California Fund"},{"current_name":"Macquarie Tax-Free Colorado Fund","new_name":"Nomura Tax-Free Colorado Fund"},{"current_name":"Macquarie Tax-Free Idaho Fund","new_name":"Nomura Tax-Free Idaho Fund"},{"current_name":"Macquarie Tax-Free Minnesota Fund","new_name":"Nomura Tax-Free Minnesota Fund"},{"current_name":"Macquarie Tax-Free New York Fund","new_name":"Nomura Tax-Free New York Fund"},{"current_name":"Macquarie Tax-Free Oregon Fund","new_name":"Nomura Tax-Free Oregon Fund"},{"current_name":"Macquarie Tax-Free Pennsylvania Fund","new_name":"Nomura Tax-Free Pennsylvania Fund"},{"current_name":"Macquarie Tax-Free USA Fund","new_name":"Nomura Tax-Free USA Fund"},{"current_name":"Macquarie Tax-Free USA Intermediate Fund","new_name":"Nomura Tax-Free USA Intermediate Fund"},{"current_name":"Macquarie Ultrashort Fund","new_name":"Nomura Ultrashort Fund"},{"current_name":"Macquarie Value Fund","new_name":"Nomura Value Fund"},{"current_name":"Macquarie Wealth Builder Fund","new_name":"Nomura Wealth Builder Fund"},{"current_name":"Macquarie VIP Asset Strategy Series","new_name":"Nomura VIP Asset Strategy Series"},{"current_name":"Macquarie VIP Balanced Series","new_name":"Nomura VIP Balanced Series"},{"current_name":"Macquarie VIP Core Equity Series","new_name":"Nomura VIP Core Equity Series"},{"current_name":"Macquarie VIP Corporate Bond Series","new_name":"Nomura VIP Corporate Bond Series"},{"current_name":"Macquarie VIP Emerging Markets Series","new_name":"Nomura VIP Emerging Markets Series"},{"current_name":"Macquarie VIP Energy Series","new_name":"Nomura VIP Energy Series"},{"current_name":"Macquarie VIP Fund for Income Series","new_name":"Nomura VIP Fund for Income Series"},{"current_name":"Macquarie VIP Global Growth Series","new_name":"Nomura VIP Global Growth Series"},{"current_name":"Macquarie VIP Growth and Income Series","new_name":"Nomura VIP Growth and Income Series"},{"current_name":"Macquarie VIP Growth Equity Series","new_name":"Nomura VIP Growth Equity Series"},{"current_name":"Macquarie VIP Growth Series","new_name":"Nomura VIP Growth Series"},{"current_name":"Macquarie VIP High Income Series","new_name":"Nomura VIP High Income Series"},{"current_name":"Macquarie VIP International Core Equity Series","new_name":"Nomura VIP International Core Equity Series"},{"current_name":"Macquarie VIP Investment Grade Series","new_name":"Nomura VIP Investment Grade Series"},{"current_name":"Macquarie VIP Limited Duration Bond Series","new_name":"Nomura VIP Limited Duration Bond Series"},{"current_name":"Macquarie VIP Limited-Term Bond Series","new_name":"Nomura VIP Limited-Term Bond Series"},{"current_name":"Macquarie VIP Mid Cap Growth Series","new_name":"Nomura VIP Mid Cap Growth Series"},{"current_name":"Macquarie VIP Natural Resources Series","new_name":"Nomura VIP Natural Resources Series"},{"current_name":"Macquarie VIP Opportunity Series","new_name":"Nomura VIP Opportunity Series"},{"current_name":"Macquarie VIP Pathfinder Aggressive Series","new_name":"Nomura VIP Pathfinder Aggressive Series"},{"current_name":"Macquarie VIP Pathfinder Conservative Series","new_name":"Nomura VIP Pathfinder Conservative Series"},{"current_name":"Macquarie VIP Pathfinder Moderate Series","new_name":"Nomura VIP Pathfinder Moderate Series"},{"current_name":"Macquarie VIP Pathfinder Moderately Aggressive Series","new_name":"Nomura VIP Pathfinder Moderately Aggressive Series"},{"current_name":"Macquarie VIP Pathfinder Moderately Conservative Series","new_name":"Nomura VIP Pathfinder Moderately Conservative Series"},{"current_name":"Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series","new_name":"Nomura VIP Pathfinder Moderately Aggressive - Managed Volatility Series"},{"current_name":"Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series","new_name":"Nomura VIP Pathfinder Moderately Conservative - Managed Volatility Series"},{"current_name":"Macquarie VIP Pathfinder Moderate - Managed Volatility Series","new_name":"Nomura VIP Pathfinder Moderate - Managed Volatility Series"},{"current_name":"Macquarie VIP Science and Technology Series","new_name":"Nomura VIP Science and Technology Series"},{"current_name":"Macquarie VIP Small Cap Growth Series","new_name":"Nomura VIP Small Cap Growth Series"},{"current_name":"Macquarie VIP Small Cap Value Series","new_name":"Nomura VIP Small Cap Value Series"},{"current_name":"Macquarie VIP Smid Cap Core Series","new_name":"Nomura VIP Smid Cap Core Series"},{"current_name":"Macquarie VIP Total Return Series","new_name":"Nomura VIP Total Return Series"},{"current_name":"Macquarie VIP Value Series","new_name":"Nomura VIP Value Series"}]
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000814
Filing Summary: Macquarie Group Limited, the parent company of Delaware Management Company, together with affiliates, has entered an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. Each Fund's investment advisory agreement with DMC will automatically terminate upon the transaction's closing. The Board of Trustees has approved and recommended a new investment advisory agreement, pending shareholder approval, that will take effect at the transaction's closing. Shareholders will receive proxy materials for a special meeting to consider this new agreement. An interim investment advisory agreement has also been approved to provide services until the new agreement is effective. Name changes for multiple funds to reflect Nomura's branding have been outlined. The timing of the transaction’s closing will be communicated in a future fund supplement. Investors should consult their tax professionals regarding potential tax implications related to the investment.
Additional details:
Current Name: Macquarie Asset Strategy Fund
New Name: Nomura Asset Strategy Fund
Current Name: Macquarie Balanced Fund
New Name: Nomura Balanced Fund
Current Name: Macquarie Climate Solutions Fund
New Name: Nomura Climate Solutions Fund
Current Name: Macquarie Core Equity Fund
New Name: Nomura Core Equity Fund
Current Name: Macquarie Corporate Bond Fund
New Name: Nomura Corporate Bond Fund
Current Name: Macquarie Diversified Income Fund
New Name: Nomura Diversified Income Fund
Current Name: Macquarie Emerging Markets Debt Corporate Fund
New Name: Nomura Emerging Markets Debt Corporate Fund
Current Name: Macquarie Emerging Markets Fund
New Name: Nomura Emerging Markets Fund
Current Name: Macquarie Extended Duration Bond Fund
New Name: Nomura Extended Duration Bond Fund
Current Name: Macquarie Floating Rate Fund
New Name: Nomura Floating Rate Fund
Current Name: Macquarie Global Allocation Fund
New Name: Nomura Global Allocation Fund
Current Name: Macquarie Global Bond Fund
New Name: Nomura Global Bond Fund
Current Name: Macquarie Global Growth Fund
New Name: Nomura Global Growth Fund
Current Name: Macquarie Global Listed Real Assets Fund
New Name: Nomura Global Listed Real Assets Fund
Current Name: Macquarie Growth and Income Fund
New Name: Nomura Growth and Income Fund
Current Name: Macquarie Healthcare Fund
New Name: Nomura Healthcare Fund
Current Name: Macquarie High Income Fund
New Name: Nomura High Income Fund
Current Name: Macquarie International Core Equity Fund
New Name: Nomura International Core Equity Fund
Current Name: Macquarie Large Cap Growth Fund
New Name: Nomura Large Cap Growth Fund
Current Name: Macquarie Limited-Term Diversified Income Fund
New Name: Nomura Limited-Term Diversified Income Fund
Current Name: Macquarie Mid Cap Growth Fund
New Name: Nomura Mid Cap Growth Fund
Current Name: Macquarie Mid Cap Income Opportunities Fund
New Name: Nomura Mid Cap Income Opportunities Fund
Current Name: Macquarie Minnesota High-Yield Municipal Bond Fund
New Name: Nomura Minnesota High-Yield Municipal Bond Fund
Current Name: Macquarie National High-Yield Municipal Bond Fund
New Name: Nomura National High-Yield Municipal Bond Fund
Current Name: Macquarie Natural Resources Fund
New Name: Nomura Natural Resources Fund
Current Name: Macquarie Opportunity Fund
New Name: Nomura Opportunity Fund
Current Name: Macquarie Real Estate Securities Fund
New Name: Nomura Real Estate Securities Fund
Current Name: Macquarie Science and Technology Fund
New Name: Nomura Science and Technology Fund
Current Name: Macquarie Small Cap Core Fund
New Name: Nomura Small Cap Core Fund
Current Name: Macquarie Small Cap Growth Fund
New Name: Nomura Small Cap Growth Fund
Current Name: Macquarie Small Cap Value Fund
New Name: Nomura Small Cap Value Fund
Current Name: Macquarie Smid Cap Core Fund
New Name: Nomura Smid Cap Core Fund
Current Name: Macquarie Strategic Income Fund
New Name: Nomura Strategic Income Fund
Current Name: Macquarie Systematic Emerging Markets Equity Fund
New Name: Nomura Systematic Emerging Markets Equity Fund
Current Name: Macquarie Tax-Free California Fund
New Name: Nomura Tax-Free California Fund
Current Name: Macquarie Tax-Free Colorado Fund
New Name: Nomura Tax-Free Colorado Fund
Current Name: Macquarie Tax-Free Idaho Fund
New Name: Nomura Tax-Free Idaho Fund
Current Name: Macquarie Tax-Free Minnesota Fund
New Name: Nomura Tax-Free Minnesota Fund
Current Name: Macquarie Tax-Free New York Fund
New Name: Nomura Tax-Free New York Fund
Current Name: Macquarie Tax-Free Oregon Fund
New Name: Nomura Tax-Free Oregon Fund
Current Name: Macquarie Tax-Free Pennsylvania Fund
New Name: Nomura Tax-Free Pennsylvania Fund
Current Name: Macquarie Tax-Free USA Fund
New Name: Nomura Tax-Free USA Fund
Current Name: Macquarie Tax-Free USA Intermediate Fund
New Name: Nomura Tax-Free USA Intermediate Fund
Current Name: Macquarie Ultrashort Fund
New Name: Nomura Ultrashort Fund
Current Name: Macquarie Value Fund
New Name: Nomura Value Fund
Current Name: Macquarie Wealth Builder Fund
New Name: Nomura Wealth Builder Fund
Current Name: Macquarie VIP Asset Strategy Series
New Name: Nomura VIP Asset Strategy Series
Current Name: Macquarie VIP Balanced Series
New Name: Nomura VIP Balanced Series
Current Name: Macquarie VIP Core Equity Series
New Name: Nomura VIP Core Equity Series
Current Name: Macquarie VIP Corporate Bond Series
New Name: Nomura VIP Corporate Bond Series
Current Name: Macquarie VIP Emerging Markets Series
New Name: Nomura VIP Emerging Markets Series
Current Name: Macquarie VIP Energy Series
New Name: Nomura VIP Energy Series
Current Name: Macquarie VIP Fund for Income Series
New Name: Nomura VIP Fund for Income Series
Current Name: Macquarie VIP Global Growth Series
New Name: Nomura VIP Global Growth Series
Current Name: Macquarie VIP Growth and Income Series
New Name: Nomura VIP Growth and Income Series
Current Name: Macquarie VIP Growth Equity Series
New Name: Nomura VIP Growth Equity Series
Current Name: Macquarie VIP Growth Series
New Name: Nomura VIP Growth Series
Current Name: Macquarie VIP High Income Series
New Name: Nomura VIP High Income Series
Current Name: Macquarie VIP International Core Equity Series
New Name: Nomura VIP International Core Equity Series
Current Name: Macquarie VIP Investment Grade Series
New Name: Nomura VIP Investment Grade Series
Current Name: Macquarie VIP Limited Duration Bond Series
New Name: Nomura VIP Limited Duration Bond Series
Current Name: Macquarie VIP Limited-Term Bond Series
New Name: Nomura VIP Limited-Term Bond Series
Current Name: Macquarie VIP Mid Cap Growth Series
New Name: Nomura VIP Mid Cap Growth Series
Current Name: Macquarie VIP Natural Resources Series
New Name: Nomura VIP Natural Resources Series
Current Name: Macquarie VIP Opportunity Series
New Name: Nomura VIP Opportunity Series
Current Name: Macquarie VIP Pathfinder Aggressive Series
New Name: Nomura VIP Pathfinder Aggressive Series
Current Name: Macquarie VIP Pathfinder Conservative Series
New Name: Nomura VIP Pathfinder Conservative Series
Current Name: Macquarie VIP Pathfinder Moderate Series
New Name: Nomura VIP Pathfinder Moderate Series
Current Name: Macquarie VIP Pathfinder Moderately Aggressive Series
New Name: Nomura VIP Pathfinder Moderately Aggressive Series
Current Name: Macquarie VIP Pathfinder Moderately Conservative Series
New Name: Nomura VIP Pathfinder Moderately Conservative Series
Current Name: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Current Name: Macquarie VIP Science and Technology Series
New Name: Nomura VIP Science and Technology Series
Current Name: Macquarie VIP Small Cap Growth Series
New Name: Nomura VIP Small Cap Growth Series
Current Name: Macquarie VIP Small Cap Value Series
New Name: Nomura VIP Small Cap Value Series
Current Name: Macquarie VIP Smid Cap Core Series
New Name: Nomura VIP Smid Cap Core Series
Current Name: Macquarie VIP Total Return Series
New Name: Nomura VIP Total Return Series
Current Name: Macquarie VIP Value Series
New Name: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000815
Filing Summary: On June 18, 2025, Delaware Management Company announced the completion of an acquisition agreement wherein Nomura Holding America Inc. will acquire Macquarie Asset Management's US and European public investments business. This transaction will automatically terminate the investment advisory agreement with DMC for each Fund. In anticipation of this closure, the Board of Trustees for each Fund approved a new investment advisory agreement to be effective pending shareholder approval. Shareholders will be sent proxy materials to vote on this agreement, and it's expected that the proxy will be mailed by late July 2025. The document also details that an interim investment advisory agreement is approved to enable DMC to continue providing services until the new agreement is effective. Furthermore, it outlines numerous name changes for the funds upon closing of the transaction, transitioning from 'Macquarie' to 'Nomura'.
Additional details:
Fund Name: Macquarie Asset Strategy Fund
New Name: Nomura Asset Strategy Fund
Fund Name: Macquarie Balanced Fund
New Name: Nomura Balanced Fund
Fund Name: Macquarie Climate Solutions Fund
New Name: Nomura Climate Solutions Fund
Fund Name: Macquarie Core Equity Fund
New Name: Nomura Core Equity Fund
Fund Name: Macquarie Corporate Bond Fund
New Name: Nomura Corporate Bond Fund
Fund Name: Macquarie Diversified Income Fund
New Name: Nomura Diversified Income Fund
Fund Name: Macquarie Emerging Markets Debt Corporate Fund
New Name: Nomura Emerging Markets Debt Corporate Fund
Fund Name: Macquarie Emerging Markets Fund
New Name: Nomura Emerging Markets Fund
Fund Name: Macquarie Extended Duration Bond Fund
New Name: Nomura Extended Duration Bond Fund
Fund Name: Macquarie Floating Rate Fund
New Name: Nomura Floating Rate Fund
Fund Name: Macquarie Global Allocation Fund
New Name: Nomura Global Allocation Fund
Fund Name: Macquarie Global Bond Fund
New Name: Nomura Global Bond Fund
Fund Name: Macquarie Global Growth Fund
New Name: Nomura Global Growth Fund
Fund Name: Macquarie Global Listed Real Assets Fund
New Name: Nomura Global Listed Real Assets Fund
Fund Name: Macquarie Growth and Income Fund
New Name: Nomura Growth and Income Fund
Fund Name: Macquarie Healthcare Fund
New Name: Nomura Healthcare Fund
Fund Name: Macquarie High Income Fund
New Name: Nomura High Income Fund
Fund Name: Macquarie International Core Equity Fund
New Name: Nomura International Core Equity Fund
Fund Name: Macquarie Large Cap Growth Fund
New Name: Nomura Large Cap Growth Fund
Fund Name: Macquarie Limited-Term Diversified Income Fund
New Name: Nomura Limited-Term Diversified Income Fund
Fund Name: Macquarie Mid Cap Growth Fund
New Name: Nomura Mid Cap Growth Fund
Fund Name: Macquarie Mid Cap Income Opportunities Fund
New Name: Nomura Mid Cap Income Opportunities Fund
Fund Name: Macquarie Minnesota High-Yield Municipal Bond Fund
New Name: Nomura Minnesota High-Yield Municipal Bond Fund
Fund Name: Macquarie National High-Yield Municipal Bond Fund
New Name: Nomura National High-Yield Municipal Bond Fund
Fund Name: Macquarie Natural Resources Fund
New Name: Nomura Natural Resources Fund
Fund Name: Macquarie Opportunity Fund
New Name: Nomura Opportunity Fund
Fund Name: Macquarie Real Estate Securities Fund
New Name: Nomura Real Estate Securities Fund
Fund Name: Macquarie Science and Technology Fund
New Name: Nomura Science and Technology Fund
Fund Name: Macquarie Small Cap Core Fund
New Name: Nomura Small Cap Core Fund
Fund Name: Macquarie Small Cap Growth Fund
New Name: Nomura Small Cap Growth Fund
Fund Name: Macquarie Small Cap Value Fund
New Name: Nomura Small Cap Value Fund
Fund Name: Macquarie Smid Cap Core Fund
New Name: Nomura Smid Cap Core Fund
Fund Name: Macquarie Strategic Income Fund
New Name: Nomura Strategic Income Fund
Fund Name: Macquarie Systematic Emerging Markets Equity Fund
New Name: Nomura Systematic Emerging Markets Equity Fund
Fund Name: Macquarie Tax-Free California Fund
New Name: Nomura Tax-Free California Fund
Fund Name: Macquarie Tax-Free Colorado Fund
New Name: Nomura Tax-Free Colorado Fund
Fund Name: Macquarie Tax-Free Idaho Fund
New Name: Nomura Tax-Free Idaho Fund
Fund Name: Macquarie Tax-Free Minnesota Fund
New Name: Nomura Tax-Free Minnesota Fund
Fund Name: Macquarie Tax-Free New York Fund
New Name: Nomura Tax-Free New York Fund
Fund Name: Macquarie Tax-Free Oregon Fund
New Name: Nomura Tax-Free Oregon Fund
Fund Name: Macquarie Tax-Free Pennsylvania Fund
New Name: Nomura Tax-Free Pennsylvania Fund
Fund Name: Macquarie Tax-Free USA Fund
New Name: Nomura Tax-Free USA Fund
Fund Name: Macquarie Tax-Free USA Intermediate Fund
New Name: Nomura Tax-Free USA Intermediate Fund
Fund Name: Macquarie Ultrashort Fund
New Name: Nomura Ultrashort Fund
Fund Name: Macquarie Value Fund
New Name: Nomura Value Fund
Fund Name: Macquarie Wealth Builder Fund
New Name: Nomura Wealth Builder Fund
Fund Name: Macquarie VIP Asset Strategy Series
New Name: Nomura VIP Asset Strategy Series
Fund Name: Macquarie VIP Balanced Series
New Name: Nomura VIP Balanced Series
Fund Name: Macquarie VIP Core Equity Series
New Name: Nomura VIP Core Equity Series
Fund Name: Macquarie VIP Corporate Bond Series
New Name: Nomura VIP Corporate Bond Series
Fund Name: Macquarie VIP Emerging Markets Series
New Name: Nomura VIP Emerging Markets Series
Fund Name: Macquarie VIP Energy Series
New Name: Nomura VIP Energy Series
Fund Name: Macquarie VIP Fund for Income Series
New Name: Nomura VIP Fund for Income Series
Fund Name: Macquarie VIP Global Growth Series
New Name: Nomura VIP Global Growth Series
Fund Name: Macquarie VIP Growth and Income Series
New Name: Nomura VIP Growth and Income Series
Fund Name: Macquarie VIP Growth Equity Series
New Name: Nomura VIP Growth Equity Series
Fund Name: Macquarie VIP Growth Series
New Name: Nomura VIP Growth Series
Fund Name: Macquarie VIP High Income Series
New Name: Nomura VIP High Income Series
Fund Name: Macquarie VIP International Core Equity Series
New Name: Nomura VIP International Core Equity Series
Fund Name: Macquarie VIP Investment Grade Series
New Name: Nomura VIP Investment Grade Series
Fund Name: Macquarie VIP Limited Duration Bond Series
New Name: Nomura VIP Limited Duration Bond Series
Fund Name: Macquarie VIP Limited-Term Bond Series
New Name: Nomura VIP Limited-Term Bond Series
Fund Name: Macquarie VIP Mid Cap Growth Series
New Name: Nomura VIP Mid Cap Growth Series
Fund Name: Macquarie VIP Natural Resources Series
New Name: Nomura VIP Natural Resources Series
Fund Name: Macquarie VIP Opportunity Series
New Name: Nomura VIP Opportunity Series
Fund Name: Macquarie VIP Pathfinder Aggressive Series
New Name: Nomura VIP Pathfinder Aggressive Series
Fund Name: Macquarie VIP Pathfinder Conservative Series
New Name: Nomura VIP Pathfinder Conservative Series
Fund Name: Macquarie VIP Pathfinder Moderate Series
New Name: Nomura VIP Pathfinder Moderate Series
Fund Name: Macquarie VIP Pathfinder Moderately Aggressive Series
New Name: Nomura VIP Pathfinder Moderately Aggressive Series
Fund Name: Macquarie VIP Pathfinder Moderately Conservative Series
New Name: Nomura VIP Pathfinder Moderately Conservative Series
Fund Name: Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderately Aggressive - Managed Volatility Series
Fund Name: Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderately Conservative - Managed Volatility Series
Fund Name: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Fund Name: Macquarie VIP Science and Technology Series
New Name: Nomura VIP Science and Technology Series
Fund Name: Macquarie VIP Small Cap Growth Series
New Name: Nomura VIP Small Cap Growth Series
Fund Name: Macquarie VIP Small Cap Value Series
New Name: Nomura VIP Small Cap Value Series
Fund Name: Macquarie VIP Smid Cap Core Series
New Name: Nomura VIP Smid Cap Core Series
Fund Name: Macquarie VIP Total Return Series
New Name: Nomura VIP Total Return Series
Fund Name: Macquarie VIP Value Series
New Name: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000351
Filing Summary: On April 21, 2025, Macquarie Group Limited announced an agreement with Nomura Holding America Inc. for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. This transaction is contingent upon customary closing conditions, including necessary regulatory approvals, and is expected to conclude by the end of October 2025. The closing of this acquisition will lead to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC). Consequently, the Funds’ Board of Trustees will need to approve new investment advisory agreements to proceed with the changes. Shareholder approval will also be sought for the new agreements, which will take effect upon closing of the transaction.
Additional details:
Parent Company: Macquarie Group Limited
Acquirer: Nomura Holding America Inc.
Business Segment: US and European public investments asset management
Expected Closing Date: October 2025
Advisory Agreement Termination: investment advisory agreement with DMC will terminate
Board Approval Required: new investment advisory agreement and sub-advisory agreement(s) will require Board approval
Shareholder Approval: new investment advisory agreement will be presented to shareholders for approval
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000353
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions and regulatory approvals, with an expected closing date by the end of October 2025. The completion of this acquisition will automatically terminate each Fund's investment advisory agreement with DMC, prompting the Fund's Board of Trustees to consider new investment advisory agreements to be presented to shareholders for approval. The document underscores the necessity for investors to consult tax professionals regarding various tax implications and affirms that the entities involved are not deposit-taking institutions under the Banking Act 1959 of Australia, and Macquarie Bank does not guarantee the obligations of these entities.
Additional details:
Macquarie Parent Company: Macquarie Group Limited
Nomura Acquirer: Nomura Holding America Inc.
Advisory Agreement Termination: Each Fund's investment advisory agreement with DMC will terminate upon closing
Expected Closing Date: by the end of October 2025
Regulatory Approvals Required: Yes
New Agreements Needed: New investment advisory and sub-advisory agreements will be needed if approved by the Board
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000355
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions and regulatory approvals, expected to close by the end of October 2025. As a result, each Fund's investment advisory agreement with DMC will automatically terminate, and the Fund's Board of Trustees will need to approve new investment advisory and sub-advisory agreements to be presented to shareholders for approval, effective upon the transaction's closing. Additionally, the document emphasizes that investors should consult tax professionals regarding potential consequences before investing or acting on distributions.
Additional details:
Investment Advisory Agreement Termination: Yes
Expected Closing Date: 2025-10-31
Acquirer: Nomura Holding America Inc.
Parent Company: Macquarie Group Limited
Investment Risk Warning: Investors are subject to investment risk including possible delays in repayment and loss of income and principal invested.
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000356
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with certain affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions, including necessary regulatory approvals, and is expected to finalize by the end of October 2025. Following the transaction's completion, each Fund's investment advisory agreement with DMC will automatically terminate, necessitating new agreements which will require Board approval and subsequently, approval from Fund shareholders. Furthermore, investors should consult tax professionals regarding the tax implications associated with their investments.
Additional details:
Investment Advisory Agreement Termination: Each Fund’s investment advisory agreement with DMC will automatically terminate upon transaction closing
Transaction Closing Date: Expected to close by the end of October 2025
New Agreement Approval Required: New investment advisory and sub-advisory agreements will need Board and shareholder approval
Tax Implications: Investors should consult tax professionals regarding tax consequences before making investments
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000358
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company, announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. As a result of the acquisition, each Fund's investment advisory agreement with Delaware Management Company will automatically terminate, prompting the Fund's Board of Trustees to approve new investment advisory and sub-advisory agreements. If the Board approves these new agreements, they will be presented to Fund shareholders for further approval, taking effect upon the transaction's closing. Investors are advised to consult tax professionals regarding potential tax consequences and risks associated with the investment.
Additional details:
Macquarie Group Parent: Macquarie Group Limited
Nomura Acquiring Entity: Nomura Holding America Inc.
Expected Closing Date: October 2025
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000360
Filing Summary: On April 21, 2025, Macquarie Group Limited, along with Delaware Management Company and certain affiliates, announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions and regulatory approvals, expected to close by the end of October 2025. As a result of this acquisition, the investment advisory agreement between each Macquarie Fund and DMC will terminate, necessitating Board approval for new agreements. Shareholder approval will also be sought post-Board approval. The document advises consulting a tax professional regarding tax consequences of investments in the Fund, affirming that the noted entities are not tied to Macquarie Bank Limited and carry investment risks.
Additional details:
Investment Advisory Agreement Status: will terminate
Expected Closing Date: end of October 2025
Regulatory Approvals Required: yes
New Agreement Approval Required: yes
Shareholder Approval Needed: yes
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000362
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), entered into an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. This transaction is subject to customary closing conditions and applicable regulatory approvals, with an expected closing by the end of October 2025. The closing will lead to the automatic termination of the investment advisory agreement with DMC for each Fund, prompting the Funds' Board of Trustees to approve new advisory agreements before seeking shareholder approval. Investors are advised to consult tax professionals regarding any tax implications of the investment. The document emphasizes the unique investment risks involved, including potential losses and no guarantees on returns from Macquarie Group companies.
Additional details:
Transaction Details: Nomura to acquire US and European public investments asset management business of Macquarie Asset Management
Expected Closing: end of October 2025
Investment Advisory Agreement Termination: automatic termination of investment advisory agreement with DMC
Shareholder Approval: new advisory agreement to be presented to Fund shareholders for approval
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000363
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent of Delaware Management Company, announced an agreement with Nomura Holding America Inc. for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close by the end of October 2025. Upon closing, the Investment Company Act of 1940 mandates the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company, necessitating the Board to approve new agreements. The agreement will subsequently be presented to Fund shareholders for their approval. Investors are advised to consult tax professionals regarding the implications of this adjustment.
Additional details:
Investment Company Act: 1940
Acquisition Target: US and European public investments asset management business
Closing Estimate: October 2025
Tax Consultation Advisory: consult your tax professional about potential tax consequences
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000365
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with certain affiliates and Nomura Holding America Inc. (Nomura), announced an agreement for Nomura to acquire Macquarie's US and European public investments asset management business. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The completion of this transaction will lead to the automatic termination of each Fund's investment advisory agreement with DMC, necessitating Board approval for new investment advisory agreements and sub-advisory agreements. If approved, the new agreements will be presented to Fund shareholders for further approval. Investors are advised to consider their unique tax situations before making investment decisions.
Additional details:
Investment Advisory Agreement Termination: automatic termination of each Fund’s investment advisory agreement with DMC
Expected Closing Date: end of October 2025
New Agreements Required: new investment advisory agreement and new sub-advisory agreement(s) required if approved by the Board
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