<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2026-07-15</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>10:30:00</finalEffectivenessDispTime>
        <form>N-14</form>
        <filer>
            <cik>0000809064</cik>
            <entityName>Nomura ETF Trust II</entityName>
            <fileNumber>333-296204</fileNumber>
            <seriesClassContractData>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106380</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Strategic Income ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277238</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Strategic Income ETF</acquiringClassContractName>
                    <targetCik>0000769220</targetCik>
                    <targetEntityName>DELAWARE GROUP GOVERNMENT FUND</targetEntityName>
                    <targetSeriesId>S000003919</targetSeriesId>
                    <targetSeriesName>Nomura Strategic Income Fund</targetSeriesName>
                    <targetClassContractId>C000010992</targetClassContractId>
                    <targetClassContractName>CLASS A</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106380</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Strategic Income ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277238</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Strategic Income ETF</acquiringClassContractName>
                    <targetCik>0000769220</targetCik>
                    <targetEntityName>DELAWARE GROUP GOVERNMENT FUND</targetEntityName>
                    <targetSeriesId>S000003919</targetSeriesId>
                    <targetSeriesName>Nomura Strategic Income Fund</targetSeriesName>
                    <targetClassContractId>C000010994</targetClassContractId>
                    <targetClassContractName>CLASS C</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106380</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Strategic Income ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277238</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Strategic Income ETF</acquiringClassContractName>
                    <targetCik>0000769220</targetCik>
                    <targetEntityName>DELAWARE GROUP GOVERNMENT FUND</targetEntityName>
                    <targetSeriesId>S000003919</targetSeriesId>
                    <targetSeriesName>Nomura Strategic Income Fund</targetSeriesName>
                    <targetClassContractId>C000010995</targetClassContractId>
                    <targetClassContractName>CLASS R</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106380</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Strategic Income ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277238</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Strategic Income ETF</acquiringClassContractName>
                    <targetCik>0000769220</targetCik>
                    <targetEntityName>DELAWARE GROUP GOVERNMENT FUND</targetEntityName>
                    <targetSeriesId>S000003919</targetSeriesId>
                    <targetSeriesName>Nomura Strategic Income Fund</targetSeriesName>
                    <targetClassContractId>C000010996</targetClassContractId>
                    <targetClassContractName>INSTITUTIONAL CLASS</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106381</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Small and Mid Cap ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277239</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Small and Mid Cap ETF</acquiringClassContractName>
                    <targetCik>0000883622</targetCik>
                    <targetEntityName>IVY FUNDS</targetEntityName>
                    <targetSeriesId>S000024831</targetSeriesId>
                    <targetSeriesName>Nomura Smid Cap Core Fund</targetSeriesName>
                    <targetClassContractId>C000073902</targetClassContractId>
                    <targetClassContractName>Class Y</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106381</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Small and Mid Cap ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277239</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Small and Mid Cap ETF</acquiringClassContractName>
                    <targetCik>0000883622</targetCik>
                    <targetEntityName>IVY FUNDS</targetEntityName>
                    <targetSeriesId>S000024831</targetSeriesId>
                    <targetSeriesName>Nomura Smid Cap Core Fund</targetSeriesName>
                    <targetClassContractId>C000073903</targetClassContractId>
                    <targetClassContractName>Class A</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106381</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Small and Mid Cap ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277239</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Small and Mid Cap ETF</acquiringClassContractName>
                    <targetCik>0000883622</targetCik>
                    <targetEntityName>IVY FUNDS</targetEntityName>
                    <targetSeriesId>S000024831</targetSeriesId>
                    <targetSeriesName>Nomura Smid Cap Core Fund</targetSeriesName>
                    <targetClassContractId>C000073905</targetClassContractId>
                    <targetClassContractName>Class C</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106381</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Small and Mid Cap ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277239</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Small and Mid Cap ETF</acquiringClassContractName>
                    <targetCik>0000883622</targetCik>
                    <targetEntityName>IVY FUNDS</targetEntityName>
                    <targetSeriesId>S000024831</targetSeriesId>
                    <targetSeriesName>Nomura Smid Cap Core Fund</targetSeriesName>
                    <targetClassContractId>C000073907</targetClassContractId>
                    <targetClassContractName>Institutional Class</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106381</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Small and Mid Cap ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277239</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Small and Mid Cap ETF</acquiringClassContractName>
                    <targetCik>0000883622</targetCik>
                    <targetEntityName>IVY FUNDS</targetEntityName>
                    <targetSeriesId>S000024831</targetSeriesId>
                    <targetSeriesName>Nomura Smid Cap Core Fund</targetSeriesName>
                    <targetClassContractId>C000122159</targetClassContractId>
                    <targetClassContractName>Class R</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000809064</acquiringCik>
                    <acquiringEntityName>Nomura ETF Trust II</acquiringEntityName>
                    <acquiringSeriesId>S000106381</acquiringSeriesId>
                    <acquiringSeriesName>Nomura Small and Mid Cap ETF</acquiringSeriesName>
                    <acquiringClassContractId>C000277239</acquiringClassContractId>
                    <acquiringClassContractName>Nomura Small and Mid Cap ETF</acquiringClassContractName>
                    <targetCik>0000883622</targetCik>
                    <targetEntityName>IVY FUNDS</targetEntityName>
                    <targetSeriesId>S000024831</targetSeriesId>
                    <targetSeriesName>Nomura Smid Cap Core Fund</targetSeriesName>
                    <targetClassContractId>C000146691</targetClassContractId>
                    <targetClassContractName>Class R6</targetClassContractName>
                </merger>
            </seriesClassContractData>
        </filer>
    </effectiveData>
</edgarSubmission>
