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Overview
Performance
Portfolio
Fees & Expenses
Team
Tools & Resources
  • Overview
  • Performance
  • Portfolio
  • Fees & Expenses
  • Team
  • Tools & Resources

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Overview

Nomura VIP Fund for Income Series is a research-driven high yield bond fund seeking long-term growth and income. The strategy seeks to leverage the team's credit expertise and established presence in the corporate bond market to identify opportunities.

Research driven

A high yield bond fund seeking long-term growth and income through rigorous, research-led security selection

Deep expertise

Leverages the team's credit expertise and established presence in the corporate bond market to source opportunities

Experienced team

Led by seasoned professionals with significant experience managing through full market cycles

Philosophy

In pursuit of long-term outperformance in corporate credit, deep proprietary fundamental research is applied to identify suitable issues by focusing on relative value to seek excess income and disciplined risk management in an effort to protect on the downside.

Process

Streamlined and disciplined from idea to allocation. Research begins with fundamental credit scores that assess each issuer's strengths, business model, governance, financial health, and industry risks.

A quantitative relative value screen compares opportunities across quality, sector, and maturity using metrics such as option-adjusted spreads. Trading adds market intelligence on demand, liquidity, and buyer base. Portfolio management then drives the decision, allocating and sizing risk across quality, curve, sector, and asset class to fit client objectives.

Benchmark

ICE BofA US High Yield Constrained Index

Performance

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The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor (as applicable) for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Returns for less than one year are not annualized.

The performance and expense ratio information shown represent the performance and fees as they relate to actual shares of the Series. These examples do not include any fees or sales charges imposed by the variable insurance contract for which the Series is an investment option. If they were included, your costs would be higher and performance would be lower. Investors should consult the contract prospectus or disclosure documents for more information.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Benchmark since inception returns are as of the Fund's inception date.

Portfolio

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Management team

Investment manager

Delaware Management Company, a series of Nomura Investment Management Business Trust (a Delaware statutory trust)

Sub-advisor

Nomura Corporate Research and Asset Management Inc.

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David Crall, CFAChief Executive Officer and Chief Investment Officer of NCRAM
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Stephen Kotsen, CFAPortfolio Manager
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Amy Yu Chang, CFAPortfolio Manager
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Christopher Parham, CFAAssistant Portfolio Manager

Resources

Literature

  • Fact sheet
  • Commentary
  • Commentary (prior quarter)

Prospectuses and reports

  • Summary prospectus
  • Prospectus
  • Financial statements and other information - Annual Report
  • Financial statements and other information - Semi-annual report
  • Statement of additional information
  • Portfolio holdings

Shareholder Report – Annual

  • Standard Class
  • Service Class

Shareholder Report – Semi-annual

  • Standard Class
  • Service Class

Additional information

  • Nominating and corporate governance committee charter
  • Audit committee charter
  • Proxy voting information

Literature

  • Fact sheet
  • Commentary
  • Commentary (prior quarter)

Prospectuses and reports

  • Summary prospectus
  • Prospectus
  • Financial statements and other information - Annual Report
  • Financial statements and other information - Semi-annual report
  • Statement of additional information
  • Portfolio holdings

Shareholder Report – Annual

  • Standard Class
  • Service Class

Shareholder Report – Semi-annual

  • Standard Class
  • Service Class

Additional information

  • Nominating and corporate governance committee charter
  • Audit committee charter
  • Proxy voting information

Pricing and distributions tool

Search by product type, name, and share class. You can set a specific date range to display either prices or distributions.

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We'll provide the depth of experience and resources needed to help address the changing dynamics of today's markets. From ETFs, SMAs, and mutual funds to private markets, our team can help you identify investment solutions aligned to your clients' financial needs.

Risk Disclosures

Carefully consider the Series' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Series' prospectus and its summary prospectus, which may be obtained by visiting nomuraassetmanagement.com/vip-literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Employees of the Manager's affiliates outside the US participate in the management of certain Series as “associated persons” of DMC under DMC's oversight, in accordance with SEC guidance as to “participating affiliate” arrangements. These associated persons may, on behalf of DMC, provide discretionary investment management services, trading, research and related services directly or indirectly to the Series.

Investing involves risk, including the possible loss of principal.

International investing (particularly in emerging markets) may be adversely affected by political instability; changes in currency exchange rates; inefficient markets and higher transaction costs; foreign economic conditions; the imposition of economic or trade sanctions; or inadequate or different regulatory and accounting standards. Investing in emerging markets involves greater risk than investing in more developed foreign markets because, among other things, emerging markets may have less stable political and economic environments, information about issuers may be less available or of a lesser quality, and securities markets may be smaller, less liquid, and subject to greater price volatility.

Investments in derivatives may involve additional expenses and are subject to significant loss if they perform differently than anticipated. Derivatives are also subject to the risk that the counterparty may fail to perform its obligations.

Fixed income securities can lose value, including the possible loss of principal. Fixed income securities are subject to credit risk and interest rate risk. Credit risk is the risk that an issuer of a fixed income security may be unable to make interest payments and/or repay principal in a timely manner. Interest rate risk is the risk that prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes.

High yield securities (“junk bonds”) are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than higher-rated securities.

Nomura VIP funds are not available for direct investment except for issuers of variable insurance product contracts. They are available only through the purchase of certain variable insurance products.

Not FDIC Insured • No Bank Guarantee • May Lose Value

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

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

© 2026 Nomura Asset Management International Inc.

Nomura VIP funds are not available for direct investment except for issuers of variable insurance product contracts. They are available only through the purchase of certain variable insurance products.

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, institutional clients, and retail. Nomura Asset Management primarily operates through several distinct investment managers, which include Nomura Capital Management LLC, Nomura Corporate Research and Asset Management Inc., Nomura Investment Management Business Trust (NIMBT) (consisting of the Nomura Alternative Strategies, Nomura Investment Management Advisers, Nomura Investments Fund Advisers, Delaware Capital Management (DCM), and Delaware Management Company series), Nomura Investment Management Europe S.A., and Nomura Investment Management Austria Kapitalanlage AG. Nomura Asset Management includes investment products and advisory services distributed and offered by and referred through affiliates, which include Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA), and NIMBT, a Securities and Exchange Commission (SEC)-registered investment advisor. Investment advisory services are provided by the DCM series of NIMBT.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

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Important Information

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 International” or “NAMI” refers to the global (ex-Japan) investment management business of Nomura.  Statements regarding “Nomura Asset Management” or “NAM” include information about both NAMI and other affiliated investment managers.  Additional information regarding Nomura Asset Management’s global investment management business is available here.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be {{{realized}}} or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

A summary of investor rights (in English) is accessible here.

Additional important information (including regional disclosures)

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 International” or “NAMI” refers to the global (ex-Japan) investment management business of Nomura.  Statements regarding “Nomura Asset Management” or “NAM” include information about both NAMI and other affiliated investment managers.  Additional information regarding Nomura Asset Management’s global investment management business is available here.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realised or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

This is a marketing communication. The prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) – as appropriate for your relevant jurisdiction – and other fund related materials are available in English and, for the PRIIPs KID, in the official language of the countries in which the fund is available for distribution.

A summary of investor rights in English and information on collective redress mechanisms are available at:

Nomura Funds Ireland: https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf

Nomura Fund Solutions: https://mim.fgsfulfillment.com/download.aspx?sku=SUM-INV-RIGHTS

Nomura Asset Management U.K. Limited and the Management Company may at any time decide to terminate arrangements made for the marketing of units of a fund in a member state other than its home member state.

Additional important information (including regional disclosures)

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 International” or “NAMI” refers to the global (ex-Japan) investment management business of Nomura.  Statements regarding “Nomura Asset Management” or “NAM” include information about both NAMI and other affiliated investment managers.  Additional information regarding Nomura Asset Management’s global investment management business is available here.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realised or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

This is a marketing communication. Please refer to the Prospectus and the KIIDs when making any final investment decision.

A summary of investor rights (in English) is accessible here.

Additional important information (including regional disclosures)

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 International” or “NAMI” refers to the global (ex-Japan) investment management business of Nomura.  Statements regarding “Nomura Asset Management” or “NAM” include information about both NAMI and other affiliated investment managers.  Additional information regarding Nomura Asset Management’s global investment management business is available here.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realised or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

This is a marketing communication. The prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) – as appropriate for your relevant jurisdiction – and other fund related materials are available in English and, for the PRIIPs KID, in the official language of the countries in which the fund is available for distribution.

A summary of investor rights in English and information on collective redress mechanisms are available at:

Nomura Funds Ireland: https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf

Nomura Fund Solutions: https://mim.fgsfulfillment.com/download.aspx?sku=SUM-INV-RIGHTS

Nomura Asset Management U.K. Limited and the Management Company may at any time decide to terminate arrangements made for the marketing of units of a fund in a member state other than its home member state.

Additional important information (including regional disclosures)

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 International” or “NAMI” refers to the global (ex-Japan) investment management business of Nomura.  Statements regarding “Nomura Asset Management” or “NAM” include information about both NAMI and other affiliated investment managers.  Additional information regarding Nomura Asset Management’s global investment management business is available here.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realised or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

This is a marketing communication. Please refer to the Prospectus and the KIIDs when making any final investment decision.

A summary of investor rights (in English) is accessible here.

Additional important information (including regional disclosures)

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

You can check the background of your investment professional on FINRA's BrokerCheck.

Form ADV – Nomura Investment Management Business Trust

Part 1A | Part 2A | Part 2B brochure supplement | ADV part 3 – Form CRS

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 International” or “NAMI” refers to the global (ex-Japan) investment management business of Nomura.  Statements regarding “Nomura Asset Management” or “NAM” include information about both NAMI and other affiliated investment managers.  Additional information regarding Nomura Asset Management’s global investment management business is available here.

This information is a general description of Nomura Asset Management only. The views expressed on this website represent those of the relevant investment team and are subject to change. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

Nomura Asset Management, unless otherwise stated, refers to the Nomura Asset Management International business. 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. 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) and an affiliate of NIMBT.

Form ADV – Nomura Investment Management Business Trust

Part 1A | Part 2A | Part 2B brochure supplement | ADV part 3 – Form CRS

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.

For recipients in the United States, 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 International” or “NAM International” refers to the global (ex-Japan) investment management business of Nomura. Statements regarding “Nomura Asset Management” include information about both NAM International and other affiliated investment managers. Additional information regarding Nomura Asset Management’s global investment management business is available here.

Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.

Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.

A summary of investor rights (in English) is accessible here.

Additional important information (including regional disclosures)

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© 2026 Nomura Asset Management International Inc.

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