LPL Financial Advisors

Carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing.This and other information can be found in the Fund’s prospectus or the summary prospectus.Mutual fund prospectuses may be obtained by visiting nomuraassetmanagement.com/literature or calling [client: 800 523 - 1918 / FP: 877 693 - 3546]. For ETFs, please visit nomuraassetmanagement.com/etf-literature or call [client: 844 469 - 9911 / FP: 877 693 - 3546]. Read the prospectus carefully before investing.

_{The Nomura Funds mutual funds are distributed by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). The Nomura Funds exchange-traded funds are distributed by Foreside Financial Services, LLC, a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Foreside Financial Services, LLC is not affiliated with any Nomura entity, including Delaware Management Company and Delaware Distributors, L.P.}

_{Nomura Asset Management is part of the Investment Management Division of the Nomura Group, providing integrated public and private market asset management services across equities, fixed income, private credit and multi-asset solutions to intermediary and institutional clients. Nomura Asset Management primarily operates through several distinct investment managers, which includes Nomura Investment Management Business Trust (NIMBT), a Securities and Exchange Commission (SEC) registered investment adviser. Investment advisory services are provided to the Nomura Funds by Delaware Management Company, a series of NIMBT.}

_{Investment professionals should consult their compliance department before accessing any social media networks for a business purpose.This content is for informational purposes only and is not an endorsement of any app, service, or publicly traded company.}

_{All third-party marks cited are the property of their respective owners.}

_{^*NTF = No-transaction-fee. Advisory platform availability includes SAM, SWM and MWP. FRWD advisory platform availability includes SAM and SWM.}

_{Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.}

_{An investment in the Fund involves risk.The Fund may use leverage its investments by borrowing. The use of leverage increases both risk of loss and profit potential. Alternative investments provide limited liquidity and include, among other things, the risks inherent in investing in securities, futures, commodities and derivatives, using leverage and engaging in short sales.The Fund’s investment performance depends, at least in part, on how its assets are allocated and reallocated among asset classes and strategies.Such allocation could result in the Fund holding asset classes or investments that perform poorly or underperform.}

_{Investors should consider the Fund’s investment objectives, risks, charges, and expenses before investing. This information is included in the Fund Prospectus and can be accessed by calling 833-836-0206. Read the prospectus carefully before you invest.}

_{The Nomura Alternative Income Fund is distributed by Foreside Financial Services, LLC.}