M&A - IVY FUNDS
Form Type: DEFA14A
Filing Date: 2025-07-03
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000879
Filing Summary: On July 5, 2025, Ivy Funds filed a DEFA14A proxy statement regarding a Special Meeting of Shareholders for the Macquarie Global Allocation Fund, which was initially scheduled for May 6, 2025, but was adjourned due to insufficient voter participation. The meeting's purpose is to vote on a proposal for a Plan of Reorganization between the Macquarie Global Allocation Fund and the Macquarie Balanced Fund, designed to qualify as a tax-free reorganization for federal income tax purposes. The board recommends shareholders vote 'FOR' this proposal. Shareholders are encouraged to vote as soon as possible to avoid further adjournments, with voting options included in the proxy form. Additionally, the document details various letters sent to shareholders reminding them of their voting responsibilities and provides information for contacting proxy solicitors. Lastly, it notes that Macquarie Group Limited entered into an agreement with Nomura Holding America Inc. for Nomura to acquire Macquarie’s US and European public investments business, expected to close by the end of 2025, pending approvals.
Additional details:
Shareholder Meeting Date: 2025-07-21
Proposal Description: Plan of Reorganization between the Macquarie Global Allocation Fund and the Macquarie Balanced Fund
Board Recommendation: FOR
Adjournment Reason: lack of voter participation
Proxy Statement Url: https://vote.proxyonline.com/delaware/docs
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000751
Filing Summary: Macquarie Group Limited and Nomura Holding America Inc. have announced an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This transaction will lead to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC) and any applicable sub-advisory agreements. On June 18, 2025, the Board of Trustees of each Fund approved a new investment advisory agreement pending shareholder approval at a special meeting. Shareholders will receive proxy materials to approve this new advisory agreement, with the first mailing expected in late July 2025. An interim investment advisory agreement was also approved for DMC to provide services for up to 150 days post-transaction or until the new agreement is approved. The Board also approved a series of name changes for the Funds to reflect the acquisition by Nomura.
Additional details:
Old Advisory Agreement Termination: Each Fund’s investment advisory agreement with DMC will be automatically terminated upon closing.
Shareholder Meeting Date: To be determined, anticipated mailing in late July 2025.
New Investment Advisory Agreement: Pending shareholder approval, to go into effect at the closing of the transaction.
Interim Agreement Duration: Up to 150 days from the effective date or until shareholder approval.
Name Changes: Several Funds will be renamed to reflect Nomura.
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Merger
Type: Update
Accession Number: 000113743925000753
Filing Summary: On June 18, 2025, the Board of Trustees of Macquarie Funds approved a new investment advisory agreement in anticipation of a merger transaction with Nomura Holding America Inc. The merger will involve Nomura acquiring Macquarie Asset Management’s US and European public investments business. Along with the approval, the Board also sanctioned an interim investment advisory agreement that will allow Macquarie to provide services until shareholder approval for the new agreement is obtained. The transaction will lead to the automatic termination of existing advisory agreements with Delaware Management Company, and name changes for the funds associated with Macquarie are scheduled to take place following the transaction's closing, with all funds undergoing rebranding under the Nomura name.
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 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: New
Accession Number: 000113743925000755
Filing Summary: On June 18, 2025, the Board of Trustees for Macquarie Funds approved and recommended shareholders approve a new investment advisory agreement in anticipation of Nomura Holding America Inc.'s acquisition of Macquarie Asset Management’s US and European public investments business. The completion of this agreement will lead to the automatic termination of each Fund's investment advisory agreement with Delaware Management Company (DMC) and the establishment of an Interim Agreement allowing DMC to continue providing advisory services for a limited timeframe. The transaction will also result in a comprehensive renaming of the funds to include 'Nomura' in their titles. Proxy materials for a special meeting of shareholders will be sent in late July 2025 for the necessary approvals. Further details on the transaction's closing will be provided in future communications.
Additional details:
Investment Advisory Agreement: new investment advisory agreement pending shareholder approval
Interim Agreement Terms: effective at time of transaction for up to 150 days
Fund 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"}]
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000757
Filing Summary: On June 18, 2025, 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. This transaction will lead to the automatic termination of the investment advisory agreements with Delaware Management Company for each involved fund. Anticipating the closing of this acquisition, the Board of Trustees for each Fund approved a new investment advisory agreement, pending shareholder approval, which will become effective upon the transaction's closing. Commonly, shareholders will receive proxy materials for a special meeting to discuss this agreement, expected to be mailed in late July 2025. In conjunction with this acquisition, the Board consented to interim advisory agreements that allow Delaware Management Company to provide services temporarily. Significant name changes for the funds are also approved, transitioning from 'Macquarie' to 'Nomura'. Further details regarding the closing of the acquisition will be provided in future supplements. The document advises consulting with a tax professional regarding the investment implications.
Additional details:
Investment Advisory Agreement: new investment advisory agreement approved pending shareholder approval
Interim Agreement: interim investment advisory agreement approved to last until new agreement is effective
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"}]
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000758
Filing Summary: Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with Nomura Holding America Inc., announced an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. Following the transaction, each Fund’s investment advisory agreement with DMC will terminate automatically. The Board of Trustees of each Fund approved a new investment advisory agreement pending shareholder approval, which will take effect upon the transaction’s closing. Shareholders will receive proxy materials for a special meeting regarding the new advisory agreement. An interim investment advisory agreement was also approved, effective for up to 150 days after the transaction closes. A series of name changes for the Funds will occur upon the transaction's closing, changing 'Macquarie' to 'Nomura' for each Fund’s name. Further information on the transaction’s closing will be provided in a future fund supplement.
Additional details:
Investment Advisory Agreement Terms: Approved new investment advisory agreement pending shareholder approval.
Interim Agreement Terms: Interim Agreement allows DMC to provide advisory services for up to 150 days post-transaction.
Name Changes: All Funds will change from 'Macquarie' to 'Nomura'.
Proxy Materials Schedule: Proxy materials expected to be mailed in late July 2025.
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000759
Filing Summary: On June 18, 2025, 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. This acquisition will lead to the automatic termination of existing investment advisory agreements with Delaware Management Company (DMC). The Board of Trustees for each Macquarie Fund approved a new investment advisory agreement contingent upon shareholder approval. Proxy materials will be distributed to shareholders for a special meeting to discuss the new advisory agreement. An interim investment advisory agreement was also approved to take effect at the transaction's closing. The document outlines name changes for several funds to reflect the new ownership. Further details regarding the closing of the transaction will be provided in future communications.
Additional details:
Investment Advisory Agreement Approved: new investment advisory agreement pending shareholder approval
Interim Agreement Approved: interim investment advisory agreement effective at transaction closing
Fund 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"}]
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000761
Filing Summary: On June 18, 2025, Macquarie Group Limited, along with certain 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 automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC). In anticipation of the closing, the Board of Trustees approved a new investment advisory agreement for each Fund that will take effect pending shareholder approval at the closing. Proxy materials for a special meeting of shareholders will be mailed in late July 2025. An interim investment advisory agreement was also approved to allow DMC to provide services for up to 150 days or until the new advisory agreement is approved. The document outlines several name changes for various funds to incorporate the Nomura brand upon transaction closing. Further details on the transaction's timing will be communicated in future supplements.
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 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: 000113743925000763
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 prompt the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC). The Board of Trustees approved a new investment advisory agreement pending shareholder approval, which will take effect upon transaction closing. Shareholders will receive proxy materials for a special meeting to approve the new agreement, expected to be mailed in late July 2025. The Board also approved an interim investment advisory agreement with DMC effective upon closing, allowing DMC to provide services for a maximum of 150 days, or until shareholder approval of the new agreement. The document lists extensive name changes for various funds, changing from "Macquarie" to "Nomura" upon transaction closing. Further details on the transaction's timing will be circulated in future communications.
Additional details:
Board Approval Date: 2025-06-18
New Investment Advisory Agreement: Pending shareholder approval, effective upon closing of the acquisition
Interim Agreement Duration: Up to 150 days from its effective date or until shareholder approval of new agreement
Fund 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: New
Accession Number: 000113743925000767
Filing Summary: On June 18, 2025, Macquarie Group Limited, the parent company of Delaware Management Company, 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 the investment advisory agreement with Delaware Management Company for each Fund. The Board of Trustees approved a new investment advisory agreement pending shareholder approval, set to take effect upon the transaction closing. Shareholders will receive proxy materials for a special meeting to approve this new agreement, expected to be mailed in late July 2025. Furthermore, the Board approved an interim investment advisory agreement allowing DMC to provide services for a limited period during the transition. Name changes for various funds to reflect the new ownership have also been approved and will take place at the closing of the transaction.
Additional details:
New Investment Advisory Agreement: pending shareholder approval
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: New
Accession Number: 000113743925000769
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. This acquisition will lead to the termination of the investment advisory agreement with Delaware Management Company (DMC) for each Fund. The Board of Trustees approved a new investment advisory agreement, which will be effective upon shareholder approval at a special meeting. Proxy materials will be distributed to shareholders for this vote, anticipated in late July 2025. The Board also approved interim agreements for DMC to provide services for a limited time, up to 150 days or until the new agreement is approved. Furthermore, upon the closing of the transaction, each Fund will undergo a name change from Macquarie to Nomura for consistent branding across all investment vehicles.
Additional details:
Name Change: Macquarie Asset Strategy Fund to Nomura Asset Strategy Fund
Name Change: Macquarie Balanced Fund to Nomura Balanced Fund
Name Change: Macquarie Climate Solutions Fund to Nomura Climate Solutions Fund
Name Change: Macquarie Core Equity Fund to Nomura Core Equity Fund
Name Change: Macquarie Corporate Bond Fund to Nomura Corporate Bond Fund
Name Change: Macquarie Diversified Income Fund to Nomura Diversified Income Fund
Name Change: Macquarie Emerging Markets Debt Corporate Fund to Nomura Emerging Markets Debt Corporate Fund
Name Change: Macquarie Emerging Markets Fund to Nomura Emerging Markets Fund
Name Change: Macquarie Extended Duration Bond Fund to Nomura Extended Duration Bond Fund
Name Change: Macquarie Floating Rate Fund to Nomura Floating Rate Fund
Name Change: Macquarie Global Allocation Fund to Nomura Global Allocation Fund
Name Change: Macquarie Global Bond Fund to Nomura Global Bond Fund
Name Change: Macquarie Global Growth Fund to Nomura Global Growth Fund
Name Change: Macquarie Global Listed Real Assets Fund to Nomura Global Listed Real Assets Fund
Name Change: Macquarie Growth and Income Fund to Nomura Growth and Income Fund
Name Change: Macquarie Healthcare Fund to Nomura Healthcare Fund
Name Change: Macquarie High Income Fund to Nomura High Income Fund
Name Change: Macquarie International Core Equity Fund to Nomura International Core Equity Fund
Name Change: Macquarie Large Cap Growth Fund to Nomura Large Cap Growth Fund
Name Change: Macquarie Limited-Term Diversified Income Fund to Nomura Limited-Term Diversified Income Fund
Name Change: Macquarie Mid Cap Growth Fund to Nomura Mid Cap Growth Fund
Name Change: Macquarie Mid Cap Income Opportunities Fund to Nomura Mid Cap Income Opportunities Fund
Name Change: Macquarie Minnesota High-Yield Municipal Bond Fund to Nomura Minnesota High-Yield Municipal Bond Fund
Name Change: Macquarie National High-Yield Municipal Bond Fund to Nomura National High-Yield Municipal Bond Fund
Name Change: Macquarie Natural Resources Fund to Nomura Natural Resources Fund
Name Change: Macquarie Opportunity Fund to Nomura Opportunity Fund
Name Change: Macquarie Real Estate Securities Fund to Nomura Real Estate Securities Fund
Name Change: Macquarie Science and Technology Fund to Nomura Science and Technology Fund
Name Change: Macquarie Small Cap Core Fund to Nomura Small Cap Core Fund
Name Change: Macquarie Small Cap Growth Fund to Nomura Small Cap Growth Fund
Name Change: Macquarie Small Cap Value Fund to Nomura Small Cap Value Fund
Name Change: Macquarie Smid Cap Core Fund to Nomura Smid Cap Core Fund
Name Change: Macquarie Strategic Income Fund to Nomura Strategic Income Fund
Name Change: Macquarie Systematic Emerging Markets Equity Fund to Nomura Systematic Emerging Markets Equity Fund
Name Change: Macquarie Tax-Free California Fund to Nomura Tax-Free California Fund
Name Change: Macquarie Tax-Free Colorado Fund to Nomura Tax-Free Colorado Fund
Name Change: Macquarie Tax-Free Idaho Fund to Nomura Tax-Free Idaho Fund
Name Change: Macquarie Tax-Free Minnesota Fund to Nomura Tax-Free Minnesota Fund
Name Change: Macquarie Tax-Free New York Fund to Nomura Tax-Free New York Fund
Name Change: Macquarie Tax-Free Oregon Fund to Nomura Tax-Free Oregon Fund
Name Change: Macquarie Tax-Free Pennsylvania Fund to Nomura Tax-Free Pennsylvania Fund
Name Change: Macquarie Tax-Free USA Fund to Nomura Tax-Free USA Fund
Name Change: Macquarie Tax-Free USA Intermediate Fund to Nomura Tax-Free USA Intermediate Fund
Name Change: Macquarie Ultrashort Fund to Nomura Ultrashort Fund
Name Change: Macquarie Value Fund to Nomura Value Fund
Name Change: Macquarie Wealth Builder Fund to Nomura Wealth Builder Fund
Name Change: Macquarie VIP Asset Strategy Series to Nomura VIP Asset Strategy Series
Name Change: Macquarie VIP Balanced Series to Nomura VIP Balanced Series
Name Change: Macquarie VIP Core Equity Series to Nomura VIP Core Equity Series
Name Change: Macquarie VIP Corporate Bond Series to Nomura VIP Corporate Bond Series
Name Change: Macquarie VIP Emerging Markets Series to Nomura VIP Emerging Markets Series
Name Change: Macquarie VIP Energy Series to Nomura VIP Energy Series
Name Change: Macquarie VIP Fund for Income Series to Nomura VIP Fund for Income Series
Name Change: Macquarie VIP Global Growth Series to Nomura VIP Global Growth Series
Name Change: Macquarie VIP Growth and Income Series to Nomura VIP Growth and Income Series
Name Change: Macquarie VIP Growth Equity Series to Nomura VIP Growth Equity Series
Name Change: Macquarie VIP Growth Series to Nomura VIP Growth Series
Name Change: Macquarie VIP High Income Series to Nomura VIP High Income Series
Name Change: Macquarie VIP International Core Equity Series to Nomura VIP International Core Equity Series
Name Change: Macquarie VIP Investment Grade Series to Nomura VIP Investment Grade Series
Name Change: Macquarie VIP Limited Duration Bond Series to Nomura VIP Limited Duration Bond Series
Name Change: Macquarie VIP Limited-Term Bond Series to Nomura VIP Limited-Term Bond Series
Name Change: Macquarie VIP Mid Cap Growth Series to Nomura VIP Mid Cap Growth Series
Name Change: Macquarie VIP Natural Resources Series to Nomura VIP Natural Resources Series
Name Change: Macquarie VIP Opportunity Series to Nomura VIP Opportunity Series
Name Change: Macquarie VIP Pathfinder Aggressive Series to Nomura VIP Pathfinder Aggressive Series
Name Change: Macquarie VIP Pathfinder Conservative Series to Nomura VIP Pathfinder Conservative Series
Name Change: Macquarie VIP Pathfinder Moderate Series to Nomura VIP Pathfinder Moderate Series
Name Change: Macquarie VIP Pathfinder Moderately Aggressive Series to Nomura VIP Pathfinder Moderately Aggressive Series
Name Change: Macquarie VIP Pathfinder Moderately Conservative Series to Nomura VIP Pathfinder Moderately Conservative Series
Name Change: Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series to Nomura VIP Pathfinder Moderately Aggressive - Managed Volatility Series
Name Change: Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series to Nomura VIP Pathfinder Moderately Conservative - Managed Volatility Series
Name Change: Macquarie VIP Pathfinder Moderate - Managed Volatility Series to Nomura VIP Pathfinder Moderate - Managed Volatility Series
Name Change: Macquarie VIP Science and Technology Series to Nomura VIP Science and Technology Series
Name Change: Macquarie VIP Small Cap Growth Series to Nomura VIP Small Cap Growth Series
Name Change: Macquarie VIP Small Cap Value Series to Nomura VIP Small Cap Value Series
Name Change: Macquarie VIP Smid Cap Core Series to Nomura VIP Smid Cap Core Series
Name Change: Macquarie VIP Total Return Series to Nomura VIP Total Return Series
Name Change: Macquarie VIP Value Series to Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000770
Filing Summary: Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the termination of investment advisory agreements with DMC for each Fund. The Board of Trustees on June 18, 2025, approved a new investment advisory agreement pending shareholder approval at a future special meeting. The interim investment advisory agreement allows DMC to provide advisory services for up to 150 days or until the new agreement is approved. Additionally, multiple name changes for Funds were approved, transitioning from 'Macquarie' to 'Nomura' upon closing of the transaction. Proxy materials for shareholder approval are anticipated to be mailed in late July 2025. Further information about the timing of the acquisition’s closing will be provided in a future fund supplement.
Additional details:
Investment Advisory Agreement: New investment advisory agreement pending shareholder approval
Interim Agreement: Effective during transition period, allowing DMC to provide services for 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: New
Accession Number: 000113743925000771
Filing Summary: Macquarie Group Limited, along with certain affiliates and Nomura Holding America Inc. (Nomura), has entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This transaction leads to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC). Anticipating the closing of this transaction, on June 18, 2025, each Fund’s Board of Trustees approved a new investment advisory agreement that is pending shareholder approval and expected to take effect upon the transaction's closing. Proxy materials for a special shareholders' meeting will be sent out in late July 2025 to consider this new advisory agreement. An interim investment advisory agreement has also been approved that would allow DMC to provide services for up to 150 days from the effective date or until the new agreement is approved. Several name changes for the Funds are planned to follow the transaction, reflecting the rebranding to Nomura. Further details about the transaction’s timing will be disclosed in future fund supplements. Investors are advised to consult their tax professionals regarding potential tax consequences.
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 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: 000113743925000773
Filing Summary: On June 18, 2025, it was announced that Macquarie Group Limited and Nomura Holding America Inc. entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will automatically terminate the investment advisory agreements with Delaware Management Company (DMC) for each Fund. A new investment advisory agreement, pending shareholder approval, has been recommended by the Board of Trustees. Shareholders will receive proxy materials regarding this new agreement, with the materials expected to be mailed out in late July 2025. An interim investment advisory agreement has also been approved to take effect upon the transaction, allowing DMC to provide advisory services for up to 150 days or until shareholder approval of the new agreement. Additionally, upon closing the transaction, numerous Funds will undergo name changes from Macquarie to Nomura.
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: New
Accession Number: 000113743925000775
Filing Summary: On June 18, 2025, 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. This acquisition will lead to the automatic termination of each Fund's investment advisory agreement with Delaware Management Company (DMC). In anticipation of this transaction, the Board of Trustees for each Fund has approved a new investment advisory agreement, pending shareholder approval, that will take effect upon the transaction's closing. Proxy materials for a special meeting of shareholders will be mailed out in late July 2025 to obtain this approval. The Board also approved an interim advisory agreement allowing DMC to continue providing services for up to 150 days or until the new agreement is approved. Furthermore, the document outlines several name changes for the funds, transitioning from Macquarie-branded funds to Nomura-branded funds upon closing of the transaction, affecting numerous funds under the Macquarie Funds umbrella.
Additional details:
Investment Advisory Agreement: New agreement to take effect on closing of transaction pending shareholder approval
Interim Agreement: Effective at the time of the transaction for up to 150 days
Name Changes: List of fund name changes from Macquarie to Nomura
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000776
Filing Summary: On June 18, 2025, the Board of Trustees of each Macquarie Fund approved a new investment advisory agreement to be effective upon the closing of the acquisition of Macquarie Asset Management’s US and European public investments business by Nomura Holding America Inc. This transaction will also lead to the automatic termination of existing investment advisory agreements with Delaware Management Company (DMC). The approval of the new agreement by shareholders is anticipated, with proxy materials to be mailed in late July 2025. Additionally, an interim investment advisory agreement was approved to allow DMC to continue providing services for a limited period post-transaction. The document also details several name changes for the funds transitioning to Nomura branding upon the completion of the transaction, affecting numerous funds from Macquarie to Nomura names. Further communications regarding timing will be provided in future supplements, while investors are reminded to consider the investment risks involved.
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 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: New
Accession Number: 000113743925000780
Filing Summary: Macquarie Group Limited, along with its affiliates and Nomura Holding America Inc., has entered into 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 the investment advisory agreements with Delaware Management Company for each Fund. To prepare for the transaction, the Board of Trustees of each Fund has approved a new investment advisory agreement to take effect upon shareholder approval at a future meeting. Proxy materials will be mailed to shareholders in late July 2025 for the upcoming special meeting where this agreement will be discussed. An interim investment advisory agreement has also been approved to allow DMC to manage investment advisory services temporarily until the new agreement is ratified. Moreover, significant changes to the names of various Macquarie Funds to reflect the new ownership by Nomura are to occur post-transaction.
Additional details:
Investment Advisory Agreement: New investment advisory agreements are to be approved pending shareholder approval.
Interim Agreement: DMC will provide advisory services under an interim agreement for up to 150 days.
Name Changes: Numerous Macquarie Fund names will change to include 'Nomura' following the acquisition.
Proxy Materials Mail Date: Late July 2025
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000782
Filing Summary: Macquarie Group Limited, along with its subsidiaries and Nomura Holding America Inc, has entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will result in the automatic termination of the existing investment advisory agreement with Delaware Management Company. In preparation for this change, the Board of Trustees of each Macquarie Fund approved a new investment advisory agreement that is to take effect pending shareholder approval. The shareholders will receive proxy materials concerning the new advisory agreement, which will be distributed starting in late July 2025. The document also outlines interim arrangements for DMC to provide advisory services until the new agreement is approved, and details name changes for all affected funds from Macquarie to Nomura upon the transaction's closing. Future communications will provide additional details about the transaction's closing timeline.
Additional details:
Investment Advisor: Delaware Management Company
Shareholder Meeting Schedule: Late July 2025
Transaction Closing Impact: Automatic termination of investment advisory agreement
New Advisory Agreement Effective Date: At closing pending shareholder approval
Interim Agreement Duration: Up to 150 days or until new agreement approved
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: New
Accession Number: 000113743925000786
Filing Summary: On June 18, 2025, Macquarie Group Limited 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 each Fund’s investment advisory agreement with Delaware Management Company (DMC) and related sub-advisory agreements. To prepare for this transition, the Fund’s Board of Trustees approved a new investment advisory agreement, pending shareholder approval, to take effect upon the acquisition's closing. Shareholders will receive proxy materials to approve the new advisory agreement and an interim advisory agreement was also approved for DMC to provide services for a limited time post-acquisition. Name changes for multiple funds are also set to occur from Macquarie to Nomura upon closing. Further details regarding the timing of the acquisition's closing will be provided in later communications. Proxy statements will be available on the SEC’s website when ready, and investors are encouraged to consult tax professionals regarding potential tax implications.
Additional details:
New Advisory Agreement: approved and will take effect at closing of acquisition
Interim Agreement: approved for DMC to provide services up to 150 days or until new agreement approval
Fund Name Changes: fund names will change from Macquarie to Nomura upon acquisition closing
Form Type: 497
Filing Date: 2025-05-06
Corporate Action: Merger
Type: New
Accession Number: 000113743925000492
Filing Summary: On May 6, 2025, shareholders of Macquarie Tax-Free Arizona Fund approved a Reorganization plan involving the acquisition of all assets and liabilities of the Acquired Fund by the Acquiring Fund, Macquarie Tax-Free USA Fund. As part of this Reorganization, shares of the Acquiring Fund will be distributed to shareholders of the Acquired Fund, which will subsequently be liquidated and terminated. The Reorganization is scheduled to occur around June 6, 2025, although timing may be adjusted based on unforeseen circumstances. Additionally, the Acquired Fund will close to new purchases and exchanges one week prior to the Reorganization Date, although reinvested dividends and certain purchases may continue until then. The Special Shareholder Meeting for Macquarie Global Allocation Fund has been adjourned to May 23, 2025. Investors are advised to consult tax professionals regarding the implications of this Reorganization.
Additional details:
Acquired Fund: Macquarie Tax-Free Arizona Fund
Acquiring Fund: Macquarie Tax-Free USA Fund
Reorganization Date: 2025-06-06
Shareholder Meeting Date: 2025-05-23
Fund Class A: Class A
Fund Class C: Class C
Fund Institutional Class: Institutional Class
Form Type: 497K
Filing Date: 2025-05-06
Corporate Action: Merger
Type: Update
Accession Number: 000113743925000493
Filing Summary: At the Special Shareholder Meeting held on May 6, 2025, shareholders of Macquarie Tax-Free Arizona Fund approved a plan of reorganization that involves the merger with Macquarie Tax-Free USA Fund. This reorganization will entail the acquisition of all assets and assumption of liabilities of the Acquired Fund by the Acquiring Fund, in exchange for shares of the Acquiring Fund to be distributed to the shareholders of the Acquired Fund. The Acquired Fund will be liquidated and terminated following the distribution. The expected Reorganization Date is June 6, 2025, but this may be adjusted according to unforeseen circumstances. Additionally, the document notes the adjournment of the Special Shareholder Meeting for Macquarie Global Allocation Fund to May 23, 2025 and advises consulting a tax professional regarding investment implications.
Additional details:
Acquired Fund: Macquarie Tax-Free Arizona Fund
Acquiring Fund: Macquarie Tax-Free USA Fund
Reorganization Date: 2025-06-06
Special Shareholder Meeting Date: 2025-05-23
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000318
Filing Summary: On April 21, 2025, Macquarie Group Limited announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The deal is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The closing of the transaction will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC), leading to new advisory agreements being proposed to the Fund’s Board of Trustees and shareholders. A note emphasizes that potential investors should consult tax professionals regarding the implications of the investment before proceeding.
Additional details:
Investment Advisory Agreement Status: termination
Acquiree: US and European public investments asset management business of Macquarie Asset Management
Acquirer: Nomura Holding America Inc.
Closing Date Estimate: end of October 2025
Regulatory Approvals: required
Board Approval Needed: yes
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000320
Filing Summary: On April 21, 2025, Macquarie Group Limited 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 subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The closing of the transaction will lead to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC). Consequently, the Boards of Trustees of the Funds will be asked to approve new investment advisory and sub-advisory agreements, which will be presented to shareholders for approval. Investors are cautioned to consult tax professionals regarding the tax implications of any investments or distributions.
Additional details:
Investment Advisory Agreement Termination: automatic termination of each Fund’s investment advisory agreement with DMC
Proposed Closing Date: end of October 2025
Regulatory Approvals Required: yes
Board Approval Needed: yes
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000323
Filing Summary: On April 21, 2025, Macquarie Group Limited 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. The closing of the transaction will lead to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC), requiring approval from each Fund’s Board of Trustees for new investment advisory agreements and potential sub-advisory agreements to be presented to Fund shareholders. This event occurs under the Investment Company Act of 1940, which necessitates these changes if the transaction proceeds. Investors are urged to consult tax professionals regarding the implications of investments.
Additional details:
Investment Advisory Agreement Termination: automatic termination of each Fund’s investment advisory agreement with DMC
Anticipated Closing Date: end of October 2025
New Agreement Approval: new investment advisory agreement will be presented to Fund shareholders for approval
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000325
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with its 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 contingent upon customary closing conditions and regulatory approvals, with an expected closing by the end of October 2025. The acquisition will result in the automatic termination of existing investment advisory agreements with DMC for each Fund. The Board of Trustees will need to approve new investment advisory and sub-advisory agreements, which will be presented to Fund shareholders for approval, taking effect upon the transaction's closing.
Additional details:
Investment Advisory Agreement Termination: automatic termination of each Fund’s investment advisory agreement with DMC
Expected Closing Date: by the end of October 2025
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000328
Filing Summary: On April 21, 2025, Macquarie Group Limited announced that it, along with certain affiliates and Nomura Holding America Inc., entered into an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is pending customary closing conditions, including regulatory approvals, and is anticipated to close by the end of October 2025, though this is subject to change. The acquisition will lead to the automatic termination of each Fund's investment advisory agreement with Delaware Management Company, prompting the Board of Trustees to approve new investment advisory and sub-advisory agreements, which will require shareholder approval to take effect upon the closing of the transaction.
Additional details:
Investment Advisory Agreement Status: automatic termination upon acquisition
Transaction Closing Expectation: by the end of October 2025
Entity Acquiring: Nomura Holding America Inc.
Macquarie Group Parent: Macquarie Group Limited
Regulated Conditions: subject to customary closing conditions and regulatory approvals
Trustees Action Required: approve new investment advisory and sub-advisory agreements
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000330
Filing Summary: On April 21, 2025, Macquarie Group Limited 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 pending customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. This acquisition will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC), necessitating new agreements which must be approved by the Funds' Board of Trustees and subsequently by Fund shareholders. Investors are advised to consult tax professionals regarding the investment's implications.
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
Regulatory Approvals: transaction subject to customary closing conditions including applicable regulatory approvals
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000332
Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its 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 and regulatory approvals, and is expected to close by the end of October 2025. Upon closing, the investment advisory agreement for each Macquarie Fund with Delaware Management Company will terminate automatically, necessitating the approval of new investment advisory agreements by the Fund's Board of Trustees, and subsequently by Fund shareholders. Investors are advised to consult tax professionals regarding the implications of investment decisions.
Additional details:
Investment Advisory Agreement Termination: Each Fund’s investment advisory agreement with DMC will automatically terminate upon closing of the transaction.
Expected Closing Date: End of October 2025
Approval Process: New investment advisory agreements must be approved by the Board and then by Fund shareholders.
Parent Company: Macquarie Group Limited
Acquiring Company: Nomura Holding America Inc.
Business Unit Acquired: US and European public investments asset management business of Macquarie Asset Management
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000334
Filing Summary: On April 21, 2025, Macquarie Group Limited, along with Delaware Management Company (DMC) 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 subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The transaction will result in the automatic termination of each Fund’s investment advisory agreement with DMC. Consequently, the Fund’s Board of Trustees will be asked to approve new investment advisory and sub-advisory agreements, which will be presented to shareholders for approval. This supplement serves as an update to the current Summary Prospectus and is dated April 21, 2025.
Additional details:
Investment Advisory Agreement Termination: automatic termination due to closing of transaction
Expected Closing Date: end of October 2025
Regulatory Approvals: subject to customary closing conditions
Fund Shareholder Approval Needed: new advisory agreements will be presented for approval
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000339
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that it entered into an agreement for Nomura Holding America Inc. to acquire its 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. Following the closing, there will be an automatic termination of each Fund’s investment advisory agreement with DMC, necessitating the approval of a new investment advisory agreement by the Fund’s Board of Trustees. Should the Board approve, the new agreement will be presented to shareholders for their approval and will take effect upon the transaction's closing.
Additional details:
Macquarie Group Parent: Macquarie Group Limited
Investment Advisory Agreement Termination: Automatic termination upon transaction closing
Expected Closing Date: End of October 2025
Transaction Subject To: Customary closing conditions and regulatory approvals
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000341
Filing Summary: On April 21, 2025, Macquarie Group Limited, 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 regulatory approvals, and is expected to close by the end of October 2025, although this timeline may change. The closing will result in the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company, necessitating Board approval for new agreements, which, if approved by shareholders, would take effect upon the transaction’s closure. Investors are advised to consult tax professionals regarding any relevant tax consequences of investments.
Additional details:
Macquarie Parent Company: Macquarie Group Limited
Acquirer: Nomura Holding America Inc.
Business Acquired: US and European public investments asset management business
Regulatory Approvals Required: Yes
Expected Closing Date: End of October 2025
Investment Advisory Agreement Termination: Upon transaction closure
Shareholder Approval Required: Yes
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000343
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 subject to customary closing conditions, including necessary regulatory approvals, and is expected to close by the end of October 2025, depending on these approvals. Following the completion of the transaction, the investment advisory agreement with DMC will automatically terminate, requiring the Board of Trustees to approve new investment advisory agreements, which will be presented to Fund shareholders for further approval. This agreement impacts multiple Macquarie Funds, necessitating careful consideration of tax consequences for investors.
Additional details:
Macquarie Group: Macquarie Group Limited
Investment Advisory Agreement: automatic termination upon transaction closing
Expected Closing Date: October 2025
Transaction Parties: Macquarie Group Limited and Nomura Holding America Inc.
Regulatory Approvals: required for transaction to close
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000345
Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its 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. This acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to be finalized by the end of October 2025. The completion of this transaction will trigger the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC), necessitating the approval of new advisory agreements by each Fund's Board of Trustees. If approved, these new agreements will become effective upon the closing of the transaction. Investors are advised to consult their tax professionals regarding any implications of this acquisition.
Additional details:
Investment Advisory Agreement Termination: Each Fund’s investment advisory agreement with DMC will be automatically terminated upon transaction closing.
New Agreement Approval: Each Fund's Board will be asked to approve new investment advisory agreements.
Expected Closing Date: The acquisition is expected to close by the end of October 2025.
Regulatory Approvals: The transaction is subject to customary closing conditions including receipt of applicable regulatory approvals.
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000347
Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its affiliates and Nomura Holding America Inc., announced the acquisition of Macquarie Asset Management's US and European public investments asset management business by Nomura. This transaction is pending customary closing conditions, including regulatory approvals, and is anticipated to conclude by the end of October 2025. Following the closing, each Fund’s investment advisory agreement with Delaware Management Company will automatically terminate, prompting the Fund’s Board of Trustees to seek approval for new advisory and sub-advisory agreements, which, if approved, will become effective upon completion of the acquisition. It is advised that investors consult tax professionals for potential tax implications of investments related to this transaction.
Additional details:
Macquarie Group Parent: Macquarie Group Limited
Acquiring Company: Nomura Holding America Inc.
Target Business: US and European public investments asset management business of Macquarie Asset Management
Agreement Status: transaction is subject to customary closing conditions
Expected Closing Date: end of October 2025
Investment Advisory Agreement Termination: termination upon closing of transaction
Board Approval Needed: new investment advisory agreement and new sub-advisory agreement(s) to be approved by Board
Fund Shareholders Approval: new investment advisory agreement to be presented to Fund shareholders for approval
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000349
Filing Summary: On April 21, 2025, Macquarie Group Limited and certain affiliates, along with 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 subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The closing of the transaction will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC), necessitating the approval of new investment advisory and sub-advisory agreements by each Fund's Board of Trustees. If approved, the new agreements will be presented to Fund shareholders for their approval, taking effect upon the closing of the transaction.
Additional details:
Macquarie Group Acquisition Details: Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management.
Transaction Expected Closing Date: End of October 2025
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000352
Filing Summary: On April 21, 2025, Macquarie Group Limited, parent company of Delaware Management Company (DMC), along with affiliates and Nomura Holding America Inc., announced a deal where Nomura will acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is pending customary closing conditions and regulatory approvals, with an expected closure by the end of October 2025. The agreement will result in the automatic termination of investment advisory and sub-advisory agreements for each Fund under the Investment Company Act of 1940. The Board of Trustees will need to approve new agreements, which will be presented to Fund shareholders for approval upon successful transaction closure. Investors are advised to consult tax professionals regarding potential tax implications.
Additional details:
Macquarie Group Parent: Macquarie Group Limited
Acquiring Company: Nomura Holding America Inc.
Business Type: US and European public investments asset management
Transaction Closing Condition: pending customary closing conditions and regulatory approvals
Expected Closing Date: end of October 2025
Investment Advisory Termination: automatic termination of investment advisory agreement with DMC
New Agreements Approval: new investment advisory agreement and sub-advisory agreement(s) subject to Board and shareholder approval
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000357
Filing Summary: On April 21, 2025, Macquarie Group Limited, alongside Delaware Management Company (DMC) and Nomura Holding America Inc., announced a significant agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. This acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to be finalized by the end of October 2025. Once the transaction closes, each Fund's investment advisory agreement with DMC will automatically terminate, necessitating a new investment advisory agreement and sub-advisory agreements to be approved by the Board of Trustees and shareholders. This major change highlights the ongoing evolution within the asset management landscape and could impact investment strategies going forward.
Additional details:
Cik: IVY FUNDS
Transaction Type: acquisition
Closing Estimate: end of October 2025
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000359
Filing Summary: On April 21, 2025, Macquarie Group Limited, in conjunction with Delaware Management Company 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. This acquisition is subject to customary closing conditions and regulatory approvals, with an expected closure by the end of October 2025. The deal will trigger the automatic termination of existing investment advisory agreements for each Fund managed by DMC, necessitating the Board of Trustees to approve new investment advisory and sub-advisory agreements. Shareholder approval will be sought for the new advisory agreement to take effect upon the closure of the acquisition. This document is intended as a supplement to existing prospectuses and outlines potential investment risks associated with the transaction.
Additional details:
Investment Advisory Agreement Termination: Automatic termination of each Fund's investment advisory agreement with DMC upon closing of the transaction
Expected Closing Date: End of October 2025
New Agreement Approval: New investment advisory agreement to be presented to Fund shareholders for approval if approved by the Board
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000366
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 and regulatory approvals, with expectations to close by the end of October 2025. Upon closing, existing investment advisory agreements with DMC will be automatically terminated, necessitating the Board of Trustees to approve new advisory agreements. Shareholder approval will be sought if the Board approves the new agreements, effective upon transaction closure. Investors are advised to consult tax professionals regarding potential tax implications related to the fund and distributions.
Additional details:
Cik: MACQUARIE FUNDS
Acquisition Details: Nomura to acquire US and European public investments asset management business of Macquarie Asset Management.
Expected Closing Date: end of October 2025
Investment Advisory Agreement Termination: Existing agreements with DMC will terminate upon closing.
New Advisory Agreement Approval: Board approval required for new agreements.
Form Type: N-14/A
Filing Date: 2025-03-24
Corporate Action: Merger
Type: New
Accession Number: 000206159025000019
Filing Summary: The document outlines the reorganization of the Macquarie Multi-Asset Income Fund (the Acquired Fund) into the Macquarie Balanced Fund (the Acquiring Fund) scheduled to occur on or about April 25, 2025. The reorganization will involve all assets from the Acquired Fund being transferred to the Acquiring Fund, with shareholders receiving shares of equal aggregate net asset value in the new fund. The Board of Trustees approved the plan, concluding the reorganization is in the shareholders' best interest and that it will not dilute their existing interests. Following the merger, the Acquired Fund will be liquidated and dissolved, while shareholders will automatically have their shares converted without the need for any action or votes. The document emphasizes that the investment objectives and strategies of both funds share key similarities despite some differences. It further notes the tax-free nature of the merger and how it aligns with the overall strategy of enhancing economies of scale.
Additional details:
Reorganization Date: 2025-04-25
Acquired Fund Name: Macquarie Multi-Asset Income Fund
Acquiring Fund Name: Macquarie Balanced Fund
Share Classes Involved: Class A, Class C, Institutional Class, Class R6, Class Y
No Vote Required: true
Liquidation Intent: true
Form Type: N-14/A
Filing Date: 2025-03-24
Corporate Action: Merger
Type: New
Accession Number: 000206159025000020
Filing Summary: This Proxy Statement/Prospectus is being provided to solicit votes for a proposed Reorganization of the Macquarie Global Allocation Fund (Acquired Fund) into the Macquarie Balanced Fund (Acquiring Fund). The Board of Trustees has unanimously approved the Reorganization and recommends that shareholders vote in favor of the proposal. The Meeting is scheduled for May 6, 2025, where shareholders will approve the Plan, which entails the acquisition of assets of the Acquired Fund in exchange for shares of the Acquiring Fund, along with the complete liquidation of the Acquired Fund. If the proposal is approved, shareholders will receive shares of the Acquiring Fund equivalent in value to their shares of the Acquired Fund on the anticipated Reorganization Date of June 27, 2025. The overall costs of the Reorganization are estimated to be between $334,277 and $415,630. Should the Reorganization fail to receive approval, the Acquired Fund will continue its operations. Shareholders are encouraged to vote to avoid additional solicitation costs and ensure their votes are counted. The Reorganization is intended to be tax-free for federal income tax purposes, and shareholders are advised to consult their tax advisors regarding any potential tax liabilities related to distributions.
Additional details:
Record Date: 2025-03-14
Proposed Meeting Date: 2025-05-06
Reorganization Date: 2025-06-27
Expected Reorganization Costs: $334,277 - $415,630
Shareholders Vote Requirements: majority of outstanding shares or 67% of shares present
Proxy Solicitor: EQ Fund Solutions
Contact Number: 800-523-1918
Form Type: 497
Filing Date: 2025-03-18
Corporate Action: Merger
Type: New
Accession Number: 000113743925000223
Filing Summary: On February 11-13, 2025, the Board of Trustees of Ivy Funds approved the reorganization of the Macquarie Global Allocation Fund into the Macquarie Balanced Fund, a series of Ivy Funds, subject to shareholder approval. The reorganization is anticipated to occur on or about June 27, 2025, at which time the Fund will close to new investors and existing shareholders. Prior to the reorganization, all income and gains not previously distributed will be distributed to shareholders. It is advised that investors consult with tax professionals regarding the tax implications of this reorganization.
Additional details:
Board Approval Date: 2025-02-11
Form Type: 497K
Filing Date: 2025-03-18
Corporate Action: Merger
Type: Update
Accession Number: 000113743925000225
Filing Summary: On February 11-13, 2025, the Board of Trustees of Ivy Funds approved the reorganization (Reorganization) of the Macquarie Global Allocation Fund into and with a substantially similar fund and class of Macquarie Balanced Fund. The Reorganization is expected to take place on or about June 27, 2025, subject to shareholder approval. Effective one week prior to the Reorganization Date, the Fund will close to new investors and existing shareholders. The Fund will distribute its income and gains to shareholders before the Reorganization Date. Investors should consult tax professionals regarding the potential tax implications of their investments and distributions.
Additional details:
Reorganization Date: 2025-06-27
Income Distribution: all of its income and gains not previously distributed
Closure To New Investors: one week before Reorganization Date
Tax Consultation Note: consult your tax professional about tax consequences
Form Type: 497
Filing Date: 2025-02-13
Corporate Action: Merger
Type: New
Accession Number: 000113743925000063
Filing Summary: On February 11-13, 2025, the Board of Trustees of Ivy Funds approved an Agreement and Plan of Reorganization between the Macquarie Multi-Asset Income Fund (the Acquired Fund) and the Macquarie Balanced Fund (the Acquiring Fund). The reorganization involves the acquisition of all assets and liabilities of the Acquired Fund in exchange for shares of the Acquiring Fund, followed by the liquidation and termination of the Acquired Fund. Shareholders of the Acquired Fund will receive an information statement/prospectus in late March 2025 regarding the Reorganization, expected to take place around April 25, 2025. There will be a waiver of contingent deferred sales charges on redemptions from the Acquired Fund, effective 10 business days from this Supplement’s date. The Acquired Fund will close to purchases and exchanges one week prior to the Reorganization Date, although reinvested dividends and automatic purchases may continue until that date. Shareholders will also receive a distribution of all income and gains prior to the Reorganization Date.
Additional details:
Acquired Fund Name: Macquarie Multi-Asset Income Fund
Acquiring Fund Name: Macquarie Balanced Fund
Reorganization Date: 2025-04-25
Shareholder Information Statement Date: 2025-03-00
Waiver Period: 10 business days after Supplement date
Purchase Closing Date: one week before Reorganization Date
Form Type: 497
Filing Date: 2025-02-13
Corporate Action: Merger
Type: New
Accession Number: 000113743925000064
Filing Summary: On February 11-13, 2025, the Boards of Trustees of Ivy Funds and Voyageur Insured Funds approved an Agreement and Plan of Reorganization, which entails the merger of Acquired Funds into their corresponding Acquiring Funds. Specifically, the Macquarie Global Allocation Fund will merge into the Macquarie Balanced Fund, and the Macquarie Tax-Free Arizona Fund will merge into the Macquarie Tax-Free USA Fund. The Agreement includes provisions for the acquisition of all assets and liabilities of the Acquired Funds by the Acquiring Funds in exchange for shares. Shareholders of the Acquired Funds will need to approve the Agreement, with a special meeting scheduled for May 6, 2025. If approved, the Reorganizations are expected to take place around June 6, 2025. The Supplement highlights the costs will be borne by the Funds and the management company, and details regarding the Reorganizations will be provided in a forthcoming proxy statement/prospectus expected in late March 2025. The document emphasizes that no shareholder action is needed at this time and includes tax considerations for investors.
Additional details:
Agreement Date: 2025-02-11
Agreement Date: 2025-02-12
Agreement Date: 2025-02-13
Special Shareholder Meeting Date: 2025-05-06
Reorganization Date: 2025-06-06
Shares Distribution Method: shares of the Acquiring Fund
Form Type: 497K
Filing Date: 2025-02-13
Corporate Action: Merger
Type: New
Accession Number: 000113743925000065
Filing Summary: On February 11-13, 2025, the Boards of Trustees of Ivy Funds approved an Agreement and Plan of Reorganization between each Fund (Acquired Fund) and the corresponding Acquiring Fund. This involves the acquisition of all assets and liabilities of each Acquired Fund by the corresponding Acquiring Fund in exchange for shares. The Agreement outlines the plan for shareholders to receive shares of the Acquiring Fund, with a subsequent liquidation and termination of each Acquired Fund. Shareholders' approval is required and a vote is anticipated on May 6, 2025. If approved, the mergers are expected to occur around June 6, 2025, although this date may change. Costs associated with the Reorganizations will be borne by both Funds and Delaware Management Company. A forthcoming proxy statement/prospectus will provide more detailed information. Effective 10 business days from the Supplement date, deferred sales charges will be waived on redemptions from the Acquired Funds until the Reorganization Date. Each Acquired Fund will close to new purchases one week before the Reorganization Date, while existing shareholders may continue certain transactions until then. The document advises consulting a tax professional regarding tax implications of investments and distributions.
Additional details:
Acquired Funds: Macquarie Global Allocation Fund
Acquired Funds: Macquarie Tax-Free Arizona Fund
Acquiring Funds: Macquarie Balanced Fund
Acquiring Funds: Macquarie Tax-Free USA Fund
Special Shareholder Meeting Date: 2025-05-06
Expected Reorganization Date: 2025-06-06
Form Type: 497K
Filing Date: 2025-02-13
Corporate Action: Merger
Type: New
Accession Number: 000113743925000066
Filing Summary: On February 11-13, 2025, the Board of Trustees of Ivy Funds approved an Agreement and Plan of Reorganization between the Macquarie Multi-Asset Income Fund (the Acquired Fund) and the Macquarie Balanced Fund (the Acquiring Fund). The Agreement entails the acquisition of all assets and assumption of all liabilities of the Acquired Fund by the Acquiring Fund in exchange for shares of the Acquiring Fund, resulting in the reorganization of the Acquired Fund into the Acquiring Fund. The shareholders of the Acquired Fund will receive shares of the Acquiring Fund and the Acquired Fund will be liquidated and terminated. The reorganization is expected to be finalized on or about April 25, 2025, although it may occur sooner or later depending on various circumstances. Shareholders of the Acquired Fund are to receive an information statement/prospectus in late March 2025 providing details about the reorganization. The Acquired Fund will waive contingent deferred sales charges on redemptions 10 business days from this Supplement's date and will close to purchases and exchanges one week before the Reorganization Date. Prior to the closing of the reorganization, the Acquired Fund is required to distribute any undistributed income and gains to its shareholders for the taxable years ending on or before the Reorganization Date.
Additional details:
Acquired Fund Name: Macquarie Multi-Asset Income Fund
Acquiring Fund Name: Macquarie Balanced Fund
Reorganization Date: 2025-04-25
Information Statement Date: Late March 2025
Discount Sales Charge Waiver: Yes
Fund Closing Date: One week before Reorganization Date
Form Type: N-14
Filing Date: 2025-02-13
Corporate Action: Merger
Type: New
Accession Number: 000113743925000080
Filing Summary: On February 13, 2025, the Board of Trustees of Ivy Funds approved the Reorganization of Macquarie Multi-Asset Income Fund (the Acquired Fund) into Macquarie Balanced Fund (the Acquiring Fund), scheduled for April 25, 2025. This process involves the exchange of shares without the requirement of shareholder votes. The Reorganization is deemed to be in the best interest of shareholders, as both funds have similar investment objectives and management teams, with expected lower expense ratios for the Acquiring Fund post-Reorganization. Shareholders will not incur sales charges for exchanging their shares prior to this event, and the Reorganization is structured to qualify as a tax-free transaction. Further details regarding the assets, management expectations, and potential risks and benefits of the funds involved are outlined in the Information Statement/Prospectus, and shareholders are encouraged to review the full documentation for comprehensive insights.
Additional details:
Shareholder Information: Macquarie Multi-Asset Income Fund will reorganize with and into Macquarie Balanced Fund on April 25, 2025.
Share Conversion: Shares of the Acquired Fund will convert automatically into shares of the same class of the Acquiring Fund at net asset value.
Liquidity: Shareholders can redeem shares of the Acquired Fund prior to the closing of the Reorganization without incurring a sales charge.
Investment Objectives: Both funds aim to provide total return through capital appreciation and current income.
Board Approval Date: February 11-13, 2025
Expected Reorganization Date: April 25, 2025
Expenses Assumption: The Acquiring Fund will assume the liabilities of the Acquired Fund.
Tax Consequences: The Reorganization is designed to qualify as a tax-free event.
Form Type: N-14
Filing Date: 2025-02-13
Corporate Action: Merger
Type: New
Accession Number: 000113743925000082
Filing Summary: Ivy Funds filed a registration statement for a proposed merger between Macquarie Global Allocation Fund (the 'Acquired Fund') and Macquarie Balanced Fund (the 'Acquiring Fund'). This merger is intended to consolidate the Acquired Fund into the Acquiring Fund, which is expected to take place on or about June 6, 2025, following a Special Meeting of Shareholders scheduled for May 6, 2025. The proposal is backed by the Board of Trustees of Ivy Funds, which unanimously approved the Agreement and Plan of Reorganization. Shareholders will vote on whether to approve this plan, which entails the Acquiring Fund acquiring substantially all assets of the Acquired Fund in exchange for shares of the Acquiring Fund, followed by the complete liquidation of the Acquired Fund. Key motivations for the merger include aligning investment objectives, leveraging economies of scale, and a favorable comparison of fund performance. Shareholders retaining their rights will receive shares of the Acquiring Fund corresponding to their shares of the Acquired Fund, with no additional sales charges for certain classes of shares.
Additional details:
Shareholder Meeting Date: 2025-05-06
Reorganization Date: 2025-06-06
Shareholders Approval Needed: Yes
Liquidation After Reorganization: Yes
Proxy Firm Assisting: EQ Fund Solutions
Anticipated Costs: $334,277 - $415,630
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