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shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report semi-annual shareholder report 2025-05-31 Macquarie Small Cap Core Fund(formerly, Delaware Small Cap Core Fund) Class A DCCAX This <span class="sec-hidden" style="-sec-ix-hidden:t_12_839099c6_d090_8c04_0988_99b13590b1e5" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Core Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class A</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>48</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.04<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 48 0.0104 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>6,921,756,725</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">127</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>22,696,897</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 6921756725 127 22696897 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Finance</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">19.84<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">16.28<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">13.22<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">12.90<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.69<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Business Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.82<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.86<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.65<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.1984 0.1628 0.1322 0.1290 0.0669 0.0568 0.0482 0.0472 0.0386 0.0265 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.0172 0.0149 0.0149 0.0145 0.0144 0.0144 0.0143 0.0143 0.0141 0.0139 Macquarie Small Cap Core Fund(formerly, Delaware Small Cap Core Fund) Class C DCCCX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_6f090c39_db13_a37a_9749_180375e715c6;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Core Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class C</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>82</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.79<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 82 0.0179 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>6,921,756,725</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">127</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>22,696,897</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 6921756725 127 22696897 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Finance</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">19.84<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">16.28<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">13.22<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">12.90<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.69<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Business Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.82<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.86<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.65<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.1984 0.1628 0.1322 0.1290 0.0669 0.0568 0.0482 0.0472 0.0386 0.0265 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.0172 0.0149 0.0149 0.0145 0.0144 0.0144 0.0143 0.0143 0.0141 0.0139 Macquarie Small Cap Core Fund(formerly, Delaware Small Cap Core Fund) Class R DCCRX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_13e189d5_b8a5_3523_337f_2c44311da0f0;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Core Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>59</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.29<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 59 0.0129 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>6,921,756,725</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">127</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>22,696,897</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 6921756725 127 22696897 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Finance</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">19.84<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">16.28<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">13.22<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">12.90<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.69<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Business Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.82<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.86<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.65<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.1984 0.1628 0.1322 0.1290 0.0669 0.0568 0.0482 0.0472 0.0386 0.0265 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.0172 0.0149 0.0149 0.0145 0.0144 0.0144 0.0143 0.0143 0.0141 0.0139 Macquarie Small Cap Core Fund(formerly, Delaware Small Cap Core Fund) Institutional Class DCCIX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_3ce4703c_e4b1_664b_2378_14967130eca5;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Core Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Institutional Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>36</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.79<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 36 0.0079 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>6,921,756,725</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">127</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>22,696,897</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 6921756725 127 22696897 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Finance</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">19.84<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">16.28<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">13.22<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">12.90<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.69<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Business Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.82<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.86<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.65<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.1984 0.1628 0.1322 0.1290 0.0669 0.0568 0.0482 0.0472 0.0386 0.0265 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.0172 0.0149 0.0149 0.0145 0.0144 0.0144 0.0143 0.0143 0.0141 0.0139 Macquarie Small Cap Core Fund(formerly, Delaware Small Cap Core Fund) Class R6 DCZRX This <span class="sec-hidden" style="-sec-ix-hidden: t_5_db4604e3_5b52_9674_a96b_c7bb929ff479;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Core Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R6</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>31</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.68<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 31 0.0068 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>6,921,756,725</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">127</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>22,696,897</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 6921756725 127 22696897 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Finance</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">19.84<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">16.28<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">13.22<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Capital Goods</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">12.90<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.69<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Basic Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Business Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.82<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">4.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.86<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.65<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.1984 0.1628 0.1322 0.1290 0.0669 0.0568 0.0482 0.0472 0.0386 0.0265 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Federal Signal</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.72<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ExlService Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Q2 Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.49<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Construction Partners Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Casella Waste Systems Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">SouthState</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Applied Industrial Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.43<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Prestige Consumer Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.41<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Insmed</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.39<span>%</span></td> </tr> </table> 0.0172 0.0149 0.0149 0.0145 0.0144 0.0144 0.0143 0.0143 0.0141 0.0139 Macquarie Small Cap Value Fund(formerly, Delaware Small Cap Value Fund) Class A DEVLX This <span class="sec-hidden" style="-sec-ix-hidden: t_5_39396bb8_50b9_8c93_3c2d_53156eb952cd;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Value Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class A</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>52</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.10<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 52 0.0110 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,979,435,641</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">107</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>13,610,405</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 3979435641 107 13610405 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation*</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">29.57<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">17.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">8.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.13<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.92<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.37<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Transportation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.09<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 8pt; margin-bottom: 10pt; line-height: 10pt;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes.</div> 0.2957 0.1714 0.0944 0.0895 0.0783 0.0613 0.0592 0.0537 0.0345 0.0214 0.0209 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> 0.0211 0.0191 0.0179 0.0178 0.0168 0.0167 0.0164 0.0159 0.0155 0.0152 Macquarie Small Cap Value Fund(formerly, Delaware Small Cap Value Fund) Class C DEVCX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_177fbe00_bdc3_5d4e_d75c_7e1fc97669c6;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Value Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class C</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>87</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.85<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 87 0.0185 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,979,435,641</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">107</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>13,610,405</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 3979435641 107 13610405 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation*</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">29.57<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">17.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">8.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.13<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.92<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.37<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Transportation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.09<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 8pt; margin-bottom: 10pt; line-height: 10pt;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes.</div> 0.2957 0.1714 0.0944 0.0895 0.0783 0.0613 0.0592 0.0537 0.0345 0.0214 0.0209 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> 0.0211 0.0191 0.0179 0.0178 0.0168 0.0167 0.0164 0.0159 0.0155 0.0152 Macquarie Small Cap Value Fund(formerly, Delaware Small Cap Value Fund) Class R DVLRX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_68bf69c9_4e93_49bb_71ac_5908fee3902a;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Value Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>63</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.35<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 63 0.0135 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,979,435,641</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">107</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>13,610,405</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 3979435641 107 13610405 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation*</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">29.57<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">17.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">8.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.13<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.92<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.37<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Transportation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.09<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 8pt; margin-bottom: 10pt; line-height: 10pt;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes.</div> 0.2957 0.1714 0.0944 0.0895 0.0783 0.0613 0.0592 0.0537 0.0345 0.0214 0.0209 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> 0.0211 0.0191 0.0179 0.0178 0.0168 0.0167 0.0164 0.0159 0.0155 0.0152 Macquarie Small Cap Value Fund(formerly, Delaware Small Cap Value Fund) Institutional Class DEVIX This <span class="sec-hidden" style="-sec-ix-hidden: t_12_7555e55d_7695_6d28_303a_e2c441bf551e;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Value Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Institutional Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>40</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.85<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 40 0.0085 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,979,435,641</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">107</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>13,610,405</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 3979435641 107 13610405 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation*</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">29.57<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">17.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">8.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.13<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.92<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.37<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Transportation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.09<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 8pt; margin-bottom: 10pt; line-height: 10pt;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes.</div> 0.2957 0.1714 0.0944 0.0895 0.0783 0.0613 0.0592 0.0537 0.0345 0.0214 0.0209 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> 0.0211 0.0191 0.0179 0.0178 0.0168 0.0167 0.0164 0.0159 0.0155 0.0152 Macquarie Small Cap Value Fund(formerly, Delaware Small Cap Value Fund) Class R6 DVZRX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_ef813924_9c93_8e1b_f13b_7de01d3154ab;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Small Cap Value Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R6</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>33</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.71<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> </table> 33 0.0071 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>3,979,435,641</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">107</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>13,610,405</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">12<span>%</span></td> </tr> </table> 3979435641 107 13610405 0.12 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Sector allocation*</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Financial Services</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">29.57<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Industrials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">17.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Discretionary</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.44<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Real Estate Investment Trusts</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">8.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Technology</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">7.83<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Energy</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">6.13<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Materials</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.92<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Utilities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">5.37<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Healthcare</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Consumer Staples</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.14<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Transportation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">2.09<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;"><strong></strong></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;"><strong></strong></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 8pt; margin-bottom: 10pt; line-height: 10pt;">*<span style="white-space: nowrap;"> </span> Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes.</div> 0.2957 0.1714 0.0944 0.0895 0.0783 0.0613 0.0592 0.0537 0.0345 0.0214 0.0209 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Axis Capital Holdings</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.11<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Hancock Whitney</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.91<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Webster Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.79<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">MasTec</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.78<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">FNB</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">ITT</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.67<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Synovus Financial</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.64<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Old National Bancorp</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.59<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Agree Realty</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.55<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">TTM Technologies</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.52<span>%</span></td> </tr> </table> 0.0211 0.0191 0.0179 0.0178 0.0168 0.0167 0.0164 0.0159 0.0155 0.0152 Macquarie Wealth Builder Fund(formerly, Delaware Wealth Builder Fund) Class A DDIAX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_fd9de365_d928_4910_1af6_8599e55fcaa4;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Wealth Builder Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^,1}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class A</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>52</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.05<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^¹</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Costs paid as a percentage of a $10,000 investment would have been 1.04% if tax expenses were not included.</div> </td> </tr> </table> 52 0.0105 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>818,464,309</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">758</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,442,581</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">57<span>%</span></td> </tr> </table> 818464309 758 2442581 0.57 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Portfolio composition</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">53.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">15.15<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.00<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Short-Term Investments</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.89<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.42<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Limited Liability Corporation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.31<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.06<span>%</span></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.5397 0.1515 0.0945 0.0900 0.0354 0.0195 0.0189 0.0142 0.0131 0.0106 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.0293 0.0268 0.0251 0.0116 0.0098 0.0097 0.0096 0.0096 0.0078 0.0072 Macquarie Wealth Builder Fund(formerly, Delaware Wealth Builder Fund) Class C DDICX This <span class="sec-hidden" style="-sec-ix-hidden: t_14_2e39f636_71df_4691_c316_01b7adb03e40;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Wealth Builder Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^,1}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class C</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>88</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.80<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^¹</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Costs paid as a percentage of a $10,000 investment would have been 1.79% if tax expenses were not included.</div> </td> </tr> </table> 88 0.0180 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>818,464,309</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">758</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,442,581</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">57<span>%</span></td> </tr> </table> 818464309 758 2442581 0.57 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Portfolio composition</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">53.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">15.15<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.00<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Short-Term Investments</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.89<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.42<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Limited Liability Corporation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.31<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.06<span>%</span></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.5397 0.1515 0.0945 0.0900 0.0354 0.0195 0.0189 0.0142 0.0131 0.0106 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.0293 0.0268 0.0251 0.0116 0.0098 0.0097 0.0096 0.0096 0.0078 0.0072 Macquarie Wealth Builder Fund(formerly, Delaware Wealth Builder Fund) Class R DDDRX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_d90f7496_5564_39ca_82db_310d6897a400;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Wealth Builder Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at macquarie.com/mam/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^,1}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>64</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">1.30<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^¹</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Costs paid as a percentage of a $10,000 investment would have been 1.29% if tax expenses were not included.</div> </td> </tr> </table> 64 0.0130 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>818,464,309</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">758</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,442,581</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">57<span>%</span></td> </tr> </table> 818464309 758 2442581 0.57 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Portfolio composition</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">53.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">15.15<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.00<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Short-Term Investments</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.89<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.42<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Limited Liability Corporation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.31<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.06<span>%</span></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.5397 0.1515 0.0945 0.0900 0.0354 0.0195 0.0189 0.0142 0.0131 0.0106 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.0293 0.0268 0.0251 0.0116 0.0098 0.0097 0.0096 0.0096 0.0078 0.0072 Macquarie Wealth Builder Fund(formerly, Delaware Wealth Builder Fund) Institutional Class DDIIX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_bc28fa1a_9af0_18a3_db0e_a14cb46701cf;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Wealth Builder Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^,1}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Institutional Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>39</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.80<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^¹</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Costs paid as a percentage of a $10,000 investment would have been 0.79% if tax expenses were not included.</div> </td> </tr> </table> 39 0.0080 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>818,464,309</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">758</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,442,581</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">57<span>%</span></td> </tr> </table> 818464309 758 2442581 0.57 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Portfolio composition</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">53.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">15.15<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.00<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Short-Term Investments</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.89<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.42<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Limited Liability Corporation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.31<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.06<span>%</span></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.5397 0.1515 0.0945 0.0900 0.0354 0.0195 0.0189 0.0142 0.0131 0.0106 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.0293 0.0268 0.0251 0.0116 0.0098 0.0097 0.0096 0.0096 0.0078 0.0072 Macquarie Wealth Builder Fund(formerly, Delaware Wealth Builder Fund) Class R6 DDERX This <span class="sec-hidden" style="-sec-ix-hidden: t_4_1022b36d_00e1_f8d7_72e5_12547455dea4;" title="Manually tagged">semiannual shareholder report</span> contains important information about Macquarie Wealth Builder Fund (Fund) for the period of <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">December 1, 2024,</span> to May 31, 2025. You can find additional information about the Fund at <span style="white-space: nowrap; font-family: inherit; font-size: inherit; line-height: inherit; padding: inherit; margin: inherit;">macquarie.com/mam/literature</span>. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET. macquarie.com/mam/literature 800 523-1918 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; font-weight: bold; margin-bottom: 3pt;"><b>What were the </b> <b>Fund's</b> <b> costs for </b> <b>the last six months</b> <b>?</b></div> <div style="margin-top: 0px; margin-bottom: 0px; font-family: 'arial'; color: #000000; font-size: 10pt;"><i>(Based on a hypothetical $10,000 investment)</i></div> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-align: center; padding: 6pt 6pt 0 6pt;">Class</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs of a $10,000 investment</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Costs paid as a percentage of a $10,000 investment^{^,1}</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">Class R6</td> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;"><span style="float: none;">$</span>36</td> <td style="break-inside: avoid-page; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: center; vertical-align: bottom; padding: 6pt 6pt 0 6pt;">0.74<span>%</span></td> </tr> </table> <table style="break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^{^{^}}</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Annualized.</div> </td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; width: 2%; padding: 6pt 3pt 0 6pt;">^¹</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 8pt; line-height: normal; color: #000000; text-align: left; vertical-align: top; font-style: normal; padding: 6pt 6pt 0 0;"> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; line-height: 110%; text-align: left; margin-bottom: 0px;">Costs paid as a percentage of a $10,000 investment would have been 0.73% if tax expenses were not included.</div> </td> </tr> </table> 36 0.0074 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> statistics </b>(as of May 31, 2025)</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>818,464,309</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">758</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;"><span style="float: none;">$</span>2,442,581</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; vertical-align: middle; color: #000000; font-size: 10pt; text-align: left; font-family: 'Arial'; font-weight: normal; width: 75%; padding: 6pt 0 6pt 0;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; padding: 6pt 0 6pt 0;">57<span>%</span></td> </tr> </table> 818464309 758 2442581 0.57 <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;"><b style="font-size: 12pt;">Fund</b> <b style="font-size: 12pt;"> holdings</b> (as of May 31, 2025)</div> <div style="margin-top: 0px; font-family: 'arial'; color: #000000; font-size: 10pt; margin-bottom: 10pt; line-height: 110%;">The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Portfolio composition</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Common Stocks</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">53.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Corporate Bonds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">15.15<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Exchange-Traded Funds</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.45<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Agency Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">9.00<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">US Treasury Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">3.54<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Commercial Mortgage-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.95<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Short-Term Investments</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.89<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Collateralized Loan Obligations</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.42<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Limited Liability Corporation</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.31<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; font-family: 'Arial'; color: #000000; font-size: 10pt; text-align: left; vertical-align: bottom; text-indent: -6pt; padding: 1pt 3pt 1pt 6pt;">Non-Agency Asset-Backed Securities</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt 3pt 1pt 3pt;">1.06<span>%</span></td> </tr> </table> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.5397 0.1515 0.0945 0.0900 0.0354 0.0195 0.0189 0.0142 0.0131 0.0106 <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'arial'; color: #000000; text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: #000000; text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt;">Top 10 equity holdings</div> <table style="width: 100%; border-collapse: collapse; break-inside: avoid-page;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">NVIDIA</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.93<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Apple</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.68<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Microsoft</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">2.51<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Exxon Mobil</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">1.16<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Meta Platforms Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.98<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Cisco Systems</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.97<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Alphabet Class A</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Broadcom</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.96<span>%</span></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; border-bottom-color: initial; height: auto;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">Merck &amp; Co.</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.78<span>%</span></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: #000000;"> <td style="break-inside: avoid-page; text-align: left; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; text-indent: -6pt; padding: 1pt 1pt 1pt 6pt;">AbbVie</td> <td style="break-inside: avoid-page; text-align: right; white-space: nowrap; font-family: 'Arial'; color: #000000; font-size: 10pt; vertical-align: bottom; padding: 1pt;">0.72<span>%</span></td> </tr> </table> 0.0293 0.0268 0.0251 0.0116 0.0098 0.0097 0.0096 0.0096 0.0078 0.0072 Annualized. Annualized. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. Annualized. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. Annualized. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. Annualized. Annualized. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. Annualized. Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. Annualized. Costs paid as a percentage of a $10,000 investment would have been 1.04% if tax expenses were not included. Annualized. Annualized. Costs paid as a percentage of a $10,000 investment would have been 1.79% if tax expenses were not included. Annualized. Costs paid as a percentage of a $10,000 investment would have been 1.29% if tax expenses were not included. Costs paid as a percentage of a $10,000 investment would have been 0.79% if tax expenses were not included. Annualized. Annualized. Costs paid as a percentage of a $10,000 investment would have been 0.73% if tax expenses were not included. Annualized. Annualized.