Nomura Diversified Income Fund Class A DPDFX

In April 2025, Macquarie announced an agreement to sell its US and European public asset-management business—including the group that manages this fund—to Nomura for USD 1.8 billion, with the transaction expected to close by year-end 2025. This marks another ownership transition for a fund with origins in Delaware Investments, which Macquarie acquired in 2010. The implications of Nomura's stewardship remain uncertain, though the Japanese firm has said it is committed to retaining the existing management team and investment platform. This ownership change follows a turbulent period for the firm, which, in September 2024, was fined USD 80 million by the Securities and Exchange Commission for improper cross-trading between funds and other client accounts between 2017 and April 2021. Macquarie wouldn't comment on whether the abrupt departures of the fund’s previous management in May 2024 had anything to do with the fine.