Management team
Gus Zinn, CFA Senior Portfolio Manager
Bradley Warden, CFASenior Portfolio Manager
Nomura VIP Science and Technology Series is an actively managed, sector-agnostic portfolio capturing innovation across its complete lifecycle.
Innovation compounds
Each new wave of innovation starts higher, moves faster, and reaches further than prior waves
Dual-lens framework
Assessing innovation themes and company fundamentals to identify where value gets created and who captures it
Investing across waves
Repositioning across infrastructure, adoption, and disruption phases of innovation, seeking to differentiate winners from losers
Investors underestimate innovation in terms of magnitude and duration.
Innovation compounds as each wave starts higher, accelerates faster, and reaches further than its predecessor.
Focusing on the full potential of innovation across the entire economy allows the strategy to seek recurring mispricing patterns among undervalued innovations.
Rigorous two-lens evaluation assesses innovation themes (maturity, opportunity, profit potential) and company fundamentals (business model, management, valuation) to identify where value is created and captured.
Three-stage lifecycle positioning across infrastructure, adoption, disruption phases of innovation seeks to reduce timing risk and captures value throughout the cycle.
Sector-agnostic approach follows innovation across industries, uncovering value that sector-focused strategies miss.
S&P North American Technology Sector Index
Morningstar Technology Category
Lipper Science & Technology Category
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.
Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.
Performance at NAV assumes that no front-end sales charge applied or the investment was not redeemed. Performance at offer assumes that a front-end sales charge applied to the extent applicable.
Performance at NAV assumes that no contingent deferred sales charge applied or the investment was not redeemed. Performance at max offer price assumes that a contingent deferred sales charge applied to the extent applicable.
Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC). Class C shares are eligible to automatically convert to Class A shares with a lower 12b-1 fee approximately eight years after you buy Class C shares.
as of 09/30/2026
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Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and its summary prospectus, which may be obtained by visiting nomuraassetmanagement.com/literature or calling 800 523-1918 (for individual investors) or 877 693-3546 (for financial professionals). 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 Funds 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 Funds.
Investing involves risk, including the possible loss of principal.
Because a non-diversified fund or strategy may invest its assets in fewer issuers, the value of its shares may increase or decrease more rapidly than if it were fully diversified.
Because the Strategy invests more than 25% of its total assets in the science and technology industry, the Strategy's performance may be more susceptible to a single economic, regulatory or technological occurrence than a strategy that does not concentrate its investments in this industry.
Science and technology companies are subject to various risks, including operating in rapidly changing fields, abrupt or erratic market movements, limited product lines, markets or financial resources, management that is dependent on a limited number of people, short product cycles, aggressive pricing of products and services, new market entrants and obsolescence of existing technology. In addition, securities of science and technology companies can be volatile.
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 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. The Nomura Funds exchange-traded funds are distributed by Foreside Financial Services, LLC. Foreside Financial Services, LLC is not affiliated with any Nomura entity, including Delaware Management Company and Delaware Distributors, L.P.
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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.
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