M&A - VOYAGEUR MUTUAL FUNDS
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000797
Filing Summary: On June 18, 2025, Macquarie Group Limited, along with Delaware Management Company (DMC) and Nomura Holding America Inc., announced an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. The transaction will lead to the automatic termination of each Fund’s investment advisory agreements with DMC. The Board of Trustees of each Fund has approved a new investment advisory agreement that is pending shareholder approval and will take effect upon closing the transaction. Shareholders will receive proxy materials for a special meeting where the new advisory agreement will be considered, expected to be mailed out in late July 2025. Additionally, an interim investment advisory agreement has been approved to allow DMC to continue providing advisory services for up to 150 days or until the new agreement is approved. The Board also approved name changes for various funds from Macquarie to Nomura, reflecting the transition following the acquisition. Further details regarding the timing of the transaction’s closing will be released in a future fund supplement, and this document emphasizes the importance of consulting tax professionals before making investment decisions.
Additional details:
Board Approved New Agreement: Yes
Shareholder Meeting Date: Late July 2025
Interim Agreement Duration: 150 days
Proxy Materials Mailed: Late July 2025
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 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 Wealth Builder Fund","new_name":"Nomura Wealth Builder Fund"},{"current_name":"Macquarie Tax-Free USA Fund","new_name":"Nomura Tax-Free USA Fund"}]
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000799
Filing Summary: Macquarie Group Limited, the parent company of Delaware Management Company (DMC), alongside 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. The closing of this transaction will lead to the automatic termination of each Fund's investment advisory agreement with DMC and any related sub-advisory agreements. On June 18, 2025, the Board of Trustees approved a new investment advisory agreement that will become effective at the closing of the transaction, pending shareholder approval. Shareholders will be provided with proxy materials for a special meeting to approve this new advisory agreement, anticipated to be first mailed in late July 2025. Additionally, the Board approved an interim investment advisory agreement that will come into effect at the time of the transaction. Upon closure, various Macquarie Funds will undergo name changes to reflect their new association with Nomura. Further details on the timing of the transaction's closing will be shared in a future fund supplement. This supplement is not a proxy solicitation.
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: 000113743925000800
Filing Summary: On June 18, 2025, Macquarie Group Limited, alongside its affiliates and Nomura Holding America Inc., finalized an agreement for Nomura to acquire Macquarie Asset Management’s public investments business in the US and Europe. This acquisition will lead to the automatic termination of investment advisory agreements with Delaware Management Company (DMC) for each Fund and necessitates the approval of a new advisory agreement by shareholders. At a board meeting on the same date, the Board of Trustees approved this new agreement, set to take effect upon shareholder approval and transaction closing. Proxy materials regarding this approval will be sent to shareholders in late July 2025. Interim advisory agreements have been allowed for DMC to manage funds for a period of up to 150 days or until the new agreement is approved. The transformation includes a complete renaming of the Funds from Macquarie to Nomura, with numerous individual fund names listed.
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: 000113743925000802
Filing Summary: Macquarie Group Limited and Nomura Holding America Inc. have entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. The closing of this transaction will lead to the termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC). Anticipating this, the Board of Trustees for each Fund approved a recommended new investment advisory agreement, pending shareholder approval, to take effect upon closing. Proxy materials for a special meeting to discuss this new agreement will be sent to shareholders of record, expected to be mailed in late July 2025. The Board also approved an interim advisory agreement allowing DMC to provide services until the new agreement is approved. Additionally, upon closing, several name changes of the funds from Macquarie to Nomura are set to occur across various investment strategies.
Additional details:
Investment Advisory Agreement Termination: termination upon closing of transaction
Interim Agreement Effective Date: upon closing of transaction
Board Meeting Date: 2025-06-18
Proxy Material Mail Date: late July 2025
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000804
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 investment advisory agreements for each Macquarie Fund with Delaware Management Company (DMC). Consequently, a new investment advisory agreement for each Fund has been proposed, pending shareholder approval, to be effective at the closing of the transaction. Proxy materials for a special shareholders' meeting will be mailed in late July 2025. An interim investment advisory agreement was also approved, allowing DMC to provide advisory services for up to 150 days or until shareholder approval of the new agreement. Additionally, numerous name changes for the Funds were approved to reflect the new ownership, changing 'Macquarie' to 'Nomura'. Further information regarding the transaction's closing will be shared in future communications. This summary serves to inform about significant corporate changes and investment-related decisions occurring as a result of the acquisition.
Additional details:
Name Change Old: Macquarie Asset Strategy Fund
Name Change New: Nomura Asset Strategy Fund
Name Change Old: Macquarie Balanced Fund
Name Change New: Nomura Balanced Fund
Name Change Old: Macquarie Climate Solutions Fund
Name Change New: Nomura Climate Solutions Fund
Name Change Old: Macquarie Core Equity Fund
Name Change New: Nomura Core Equity Fund
Name Change Old: Macquarie Corporate Bond Fund
Name Change New: Nomura Corporate Bond Fund
Name Change Old: Macquarie Diversified Income Fund
Name Change New: Nomura Diversified Income Fund
Name Change Old: Macquarie Emerging Markets Debt Corporate Fund
Name Change New: Nomura Emerging Markets Debt Corporate Fund
Name Change Old: Macquarie Emerging Markets Fund
Name Change New: Nomura Emerging Markets Fund
Name Change Old: Macquarie Extended Duration Bond Fund
Name Change New: Nomura Extended Duration Bond Fund
Name Change Old: Macquarie Floating Rate Fund
Name Change New: Nomura Floating Rate Fund
Name Change Old: Macquarie Global Allocation Fund
Name Change New: Nomura Global Allocation Fund
Name Change Old: Macquarie Global Bond Fund
Name Change New: Nomura Global Bond Fund
Name Change Old: Macquarie Global Growth Fund
Name Change New: Nomura Global Growth Fund
Name Change Old: Macquarie Global Listed Real Assets Fund
Name Change New: Nomura Global Listed Real Assets Fund
Name Change Old: Macquarie Growth and Income Fund
Name Change New: Nomura Growth and Income Fund
Name Change Old: Macquarie Healthcare Fund
Name Change New: Nomura Healthcare Fund
Name Change Old: Macquarie High Income Fund
Name Change New: Nomura High Income Fund
Name Change Old: Macquarie International Core Equity Fund
Name Change New: Nomura International Core Equity Fund
Name Change Old: Macquarie Large Cap Growth Fund
Name Change New: Nomura Large Cap Growth Fund
Name Change Old: Macquarie Limited-Term Diversified Income Fund
Name Change New: Nomura Limited-Term Diversified Income Fund
Name Change Old: Macquarie Mid Cap Growth Fund
Name Change New: Nomura Mid Cap Growth Fund
Name Change Old: Macquarie Mid Cap Income Opportunities Fund
Name Change New: Nomura Mid Cap Income Opportunities Fund
Name Change Old: Macquarie Minnesota High-Yield Municipal Bond Fund
Name Change New: Nomura Minnesota High-Yield Municipal Bond Fund
Name Change Old: Macquarie National High-Yield Municipal Bond Fund
Name Change New: Nomura National High-Yield Municipal Bond Fund
Name Change Old: Macquarie Natural Resources Fund
Name Change New: Nomura Natural Resources Fund
Name Change Old: Macquarie Opportunity Fund
Name Change New: Nomura Opportunity Fund
Name Change Old: Macquarie Real Estate Securities Fund
Name Change New: Nomura Real Estate Securities Fund
Name Change Old: Macquarie Science and Technology Fund
Name Change New: Nomura Science and Technology Fund
Name Change Old: Macquarie Small Cap Core Fund
Name Change New: Nomura Small Cap Core Fund
Name Change Old: Macquarie Small Cap Growth Fund
Name Change New: Nomura Small Cap Growth Fund
Name Change Old: Macquarie Small Cap Value Fund
Name Change New: Nomura Small Cap Value Fund
Name Change Old: Macquarie Smid Cap Core Fund
Name Change New: Nomura Smid Cap Core Fund
Name Change Old: Macquarie Strategic Income Fund
Name Change New: Nomura Strategic Income Fund
Name Change Old: Macquarie Systematic Emerging Markets Equity Fund
Name Change New: Nomura Systematic Emerging Markets Equity Fund
Name Change Old: Macquarie Tax-Free California Fund
Name Change New: Nomura Tax-Free California Fund
Name Change Old: Macquarie Tax-Free Colorado Fund
Name Change New: Nomura Tax-Free Colorado Fund
Name Change Old: Macquarie Tax-Free Idaho Fund
Name Change New: Nomura Tax-Free Idaho Fund
Name Change Old: Macquarie Tax-Free Minnesota Fund
Name Change New: Nomura Tax-Free Minnesota Fund
Name Change Old: Macquarie Tax-Free New York Fund
Name Change New: Nomura Tax-Free New York Fund
Name Change Old: Macquarie Tax-Free Oregon Fund
Name Change New: Nomura Tax-Free Oregon Fund
Name Change Old: Macquarie Tax-Free Pennsylvania Fund
Name Change New: Nomura Tax-Free Pennsylvania Fund
Name Change Old: Macquarie Tax-Free USA Fund
Name Change New: Nomura Tax-Free USA Fund
Name Change Old: Macquarie Tax-Free USA Intermediate Fund
Name Change New: Nomura Tax-Free USA Intermediate Fund
Name Change Old: Macquarie Ultrashort Fund
Name Change New: Nomura Ultrashort Fund
Name Change Old: Macquarie Value Fund
Name Change New: Nomura Value Fund
Name Change Old: Macquarie Wealth Builder Fund
Name Change New: Nomura Wealth Builder Fund
Name Change Old: Macquarie VIP Asset Strategy Series
Name Change New: Nomura VIP Asset Strategy Series
Name Change Old: Macquarie VIP Balanced Series
Name Change New: Nomura VIP Balanced Series
Name Change Old: Macquarie VIP Core Equity Series
Name Change New: Nomura VIP Core Equity Series
Name Change Old: Macquarie VIP Corporate Bond Series
Name Change New: Nomura VIP Corporate Bond Series
Name Change Old: Macquarie VIP Emerging Markets Series
Name Change New: Nomura VIP Emerging Markets Series
Name Change Old: Macquarie VIP Energy Series
Name Change New: Nomura VIP Energy Series
Name Change Old: Macquarie VIP Fund for Income Series
Name Change New: Nomura VIP Fund for Income Series
Name Change Old: Macquarie VIP Global Growth Series
Name Change New: Nomura VIP Global Growth Series
Name Change Old: Macquarie VIP Growth and Income Series
Name Change New: Nomura VIP Growth and Income Series
Name Change Old: Macquarie VIP Growth Equity Series
Name Change New: Nomura VIP Growth Equity Series
Name Change Old: Macquarie VIP Growth Series
Name Change New: Nomura VIP Growth Series
Name Change Old: Macquarie VIP High Income Series
Name Change New: Nomura VIP High Income Series
Name Change Old: Macquarie VIP International Core Equity Series
Name Change New: Nomura VIP International Core Equity Series
Name Change Old: Macquarie VIP Investment Grade Series
Name Change New: Nomura VIP Investment Grade Series
Name Change Old: Macquarie VIP Limited Duration Bond Series
Name Change New: Nomura VIP Limited Duration Bond Series
Name Change Old: Macquarie VIP Limited-Term Bond Series
Name Change New: Nomura VIP Limited-Term Bond Series
Name Change Old: Macquarie VIP Mid Cap Growth Series
Name Change New: Nomura VIP Mid Cap Growth Series
Name Change Old: Macquarie VIP Natural Resources Series
Name Change New: Nomura VIP Natural Resources Series
Name Change Old: Macquarie VIP Opportunity Series
Name Change New: Nomura VIP Opportunity Series
Name Change Old: Macquarie VIP Pathfinder Aggressive Series
Name Change New: Nomura VIP Pathfinder Aggressive Series
Name Change Old: Macquarie VIP Pathfinder Conservative Series
Name Change New: Nomura VIP Pathfinder Conservative Series
Name Change Old: Macquarie VIP Pathfinder Moderate Series
Name Change New: Nomura VIP Pathfinder Moderate Series
Name Change Old: Macquarie VIP Pathfinder Moderately Aggressive Series
Name Change New: Nomura VIP Pathfinder Moderately Aggressive Series
Name Change Old: Macquarie VIP Pathfinder Moderately Conservative Series
Name Change New: Nomura VIP Pathfinder Moderately Conservative Series
Name Change Old: Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series
Name Change New: Nomura VIP Pathfinder Moderately Aggressive - Managed Volatility Series
Name Change Old: Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series
Name Change New: Nomura VIP Pathfinder Moderately Conservative - Managed Volatility Series
Name Change Old: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
Name Change New: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Name Change Old: Macquarie VIP Science and Technology Series
Name Change New: Nomura VIP Science and Technology Series
Name Change Old: Macquarie VIP Small Cap Growth Series
Name Change New: Nomura VIP Small Cap Growth Series
Name Change Old: Macquarie VIP Small Cap Value Series
Name Change New: Nomura VIP Small Cap Value Series
Name Change Old: Macquarie VIP Smid Cap Core Series
Name Change New: Nomura VIP Smid Cap Core Series
Name Change Old: Macquarie VIP Total Return Series
Name Change New: Nomura VIP Total Return Series
Name Change Old: Macquarie VIP Value Series
Name Change New: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000382
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that they, 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 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 DMC, necessitating the Fund’s Board of Trustees to approve new investment advisory agreements prior to the transaction's closure. Shareholder approval for these agreements is also anticipated following Board approval.
Additional details:
Parent Company: Macquarie Group Limited
Acquired Entity: US and European public investments asset management business of Macquarie Asset Management
Acquiring Entity: Nomura Holding America Inc.
Investment Advisory Agreement Termination: true
Expected Closing Date: 2025-10-31
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000383
Filing Summary: On April 21, 2025, Macquarie Group Limited, through its subsidiary Delaware Management Company (DMC), along with certain affiliates, announced an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management's US and European public investments asset management business. The transaction is contingent upon customary closing conditions and regulatory approvals, with a target closure date by the end of October 2025. Following the transaction, the investment advisory agreements of the Funds with DMC will be automatically terminated, necessitating new agreements to be approved by the Funds' Board of Trustees and subsequently presented to shareholders for approval. Investors are advised to consult tax professionals regarding potential tax implications of their investments.
Additional details:
Investment Advisory Agreement Termination: Each Fund's investment advisory agreement with DMC will be automatically terminated upon closing of the acquisition.
Expected Closing Date: End of October 2025
Regulatory Approvals: The transaction is subject to applicable regulatory approvals.
New Agreement Approval: The Board of Trustees will be asked to approve new investment advisory agreements after the acquisition.
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000384
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 and the receipt of applicable regulatory approvals, with an expected closing date by the end of October 2025. The transaction will lead to the automatic termination of each Fund's investment advisory agreement with DMC, necessitating Board approval for new investment advisory agreements. Shareholder approval for these agreements will be sought if they are approved by the Board.
Additional details:
Investment Advisory Agreement Status: termination
Approval Needed For Investment Agreements: new investment advisory agreement
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000385
Filing Summary: On April 21, 2025, Macquarie Group Limited and Nomura Holding America Inc. announced they had entered into 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 anticipated to close by the end of October 2025. The acquisition will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company, prompting the Fund’s Board of Trustees to consider new investment advisory agreements for approval. If the Board approves the new agreements, they will subsequently be presented to Fund shareholders for approval, taking effect upon transaction closure.
Additional details:
Investment Advisory Agreement Status: will be terminated upon acquisition closing
Expected Closing Date: October 2025
Investment Risk Notes: investors should consult a tax professional regarding potential tax consequences
New Agreements Pending: Board of Trustees approval required for new advisory agreements
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000386
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that Nomura Holding America Inc. would acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction will be subject to customary closing conditions and regulatory approvals, with an expected closing date by the end of October 2025. Following the transaction, DMC's investment advisory agreement and any applicable sub-advisory agreements will terminate, prompting the Board of Trustees to seek approval for new agreements, which would take effect upon closing. The document advises investors to consult tax professionals regarding potential tax implications associated with investments or distributions.
Additional details:
Macquarie Group Parent Company: Macquarie Group Limited
Delaware Management Company: Delaware Management Company
Nomura Acquiring Company: Nomura Holding America Inc.
Transaction Type: acquisition
Expected Closing Date: end of October 2025
Investment Advisory Agreement Termination: automatically terminated
Board Of Trustees Action: approve new investment advisory agreement
Investor Advisory: consult tax professional regarding investment risks
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