NIMBT
Form
CRS
Form CRS
provides information concerning the services offered by Delaware Capital Management (DCM),
describes
associated fees and costs, and conflicts of interest that might affect DCM.
Investing involves risks, including the possible loss of principal.
The information in this document is not, and should not be construed as, an
advertisement, an invitation, an offer, a solicitation of an offer or a recommendation to
participate
in any investment strategy or take any other action, including to buy or sell any product or
security
or offer any banking or financial service or facility in any jurisdiction where it would be
unlawful
to do so. This document has been prepared without taking into account any person's objectives,
financial situation or needs. Recipients should not construe the contents of this document as
financial, investment or other advice. It should not be relied on in making any investment
decision.
Recipients should not construe the contents of this presentation as tax advice.
Nomura Asset Management is not in the business of providing tax services.
Fixed income securities and bond funds can lose value, and investors can lose
principal, as interest rates rise. They also may be affected by economic conditions that hinder an
issuer’s ability to make interest and principal payments on its debt.
Investments in small and/or medium-sized companies typically exhibit greater
risk
and higher volatility than larger, more established companies.
Because the strategy expects to hold a concentrated portfolio of a limited
number
of securities, the strategy’s risk is increased because each investment will have a greater effect
on
the strategy’s overall performance. Diversification may not protect against market risk.
Duration measures a bond’s sensitivity to interest rates, by indicating the
approximate percentage of change in a bond or bond fund’s price given a 1% change in interest
rates.
Duration number will change as market conditions change. Therefore, duration should not be solely
relied upon to indicate a municipal bond fund’s potential volatility.
Investing in ADRs may have some limitations for investors such as the absence of
voting rights. International investments entail risks not ordinarily associated with US investments
including fluctuation in currency values, differences in accounting principles, or economic or
political instability in other nations.
The information presented is available for financial professional and managed
account client use only. It is not intended and should not be construed to be a presentation of
information for any mutual fund.
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, 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.