Delaware Group Equity Funds II has made significant updates to its Nomura Value Fund, including the appointment of a new sub-advisor and a forthcoming name change. These changes are aimed at refining the fund's investment strategy and objectives, which could have implications for the broader investment management industry.

Background

Delaware Group Equity Funds II, classified as an investment entity, operates under the Central Index Key 0000027574. The company is based in Philadelphia, Pennsylvania, and has been filing various forms with the SEC, including the recent 497K on October 28, 2026. The fund's focus is primarily on managing investment portfolios, and it has undergone several name changes over the years, reflecting its evolving strategy.

What the Filing Says

The recent filing states, "Effective immediately, Macquarie Investment Management Global Limited is appointed as sub-advisor to the Fund." Additionally, it notes, "Effective December 31, 2026, the name of the Fund will change to Nomura Growth and Income Fund II, the Fund will change its investment objective, and the Fund will change its 80% investment policy." These changes indicate a strategic shift in how the fund will operate moving forward.

Impact

The changes may affect current and potential investors in the Nomura Value Fund, as well as competitors in the investment management space. The appointment of Macquarie as a sub-advisor suggests a focus on enhancing the fund's performance through specialized management. The name change and revised investment objectives may also attract new investors looking for growth and income opportunities.

What's Next

Further details regarding the implementation of these changes were not available in the SEC filing. However, the filing does indicate that shareholders will be notified at least 60 days prior to any changes to the fund's investment policies.