UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-04997
(Exact name of registrant as specified in charter)
610 Market Street
Philadelphia, PA 19106
Philadelphia, PA 19106
Registrant's telephone number, including area code:
(800) 523-1918
Date of fiscal year end:
November 30
Date of reporting period:
Item 1. Report to Stockholders.
(a) The registrant’s semi-annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class A | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Industrials | |
| Financials | |
| Healthcare | |
| Information Technology | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Materials | |
| Utilities | |
| Communication Services | |
| Consumer Staples | |
Top 10 equity holdings
| Semtech | |
| MYR Group | |
| Modine Manufacturing | |
| Axsome Therapeutics | |
| Travere Therapeutics | |
| Credo Technology Group Holding | |
| Silicon Laboratories | |
| Ligand Pharmaceuticals | |
| Arcosa | |
| ESCO Technologies |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644301)
TSSR-DCCAX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class C | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Industrials | |
| Financials | |
| Healthcare | |
| Information Technology | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Materials | |
| Utilities | |
| Communication Services | |
| Consumer Staples | |
Top 10 equity holdings
| Semtech | |
| MYR Group | |
| Modine Manufacturing | |
| Axsome Therapeutics | |
| Travere Therapeutics | |
| Credo Technology Group Holding | |
| Silicon Laboratories | |
| Ligand Pharmaceuticals | |
| Arcosa | |
| ESCO Technologies |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644301)
TSSR-DCCCX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class R | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Industrials | |
| Financials | |
| Healthcare | |
| Information Technology | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Materials | |
| Utilities | |
| Communication Services | |
| Consumer Staples | |
Top 10 equity holdings
| Semtech | |
| MYR Group | |
| Modine Manufacturing | |
| Axsome Therapeutics | |
| Travere Therapeutics | |
| Credo Technology Group Holding | |
| Silicon Laboratories | |
| Ligand Pharmaceuticals | |
| Arcosa | |
| ESCO Technologies |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644301)
TSSR-DCCRX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Institutional Class | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Industrials | |
| Financials | |
| Healthcare | |
| Information Technology | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Materials | |
| Utilities | |
| Communication Services | |
| Consumer Staples | |
Top 10 equity holdings
| Semtech | |
| MYR Group | |
| Modine Manufacturing | |
| Axsome Therapeutics | |
| Travere Therapeutics | |
| Credo Technology Group Holding | |
| Silicon Laboratories | |
| Ligand Pharmaceuticals | |
| Arcosa | |
| ESCO Technologies |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644301)
TSSR-DCCIX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class R6 | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Industrials | |
| Financials | |
| Healthcare | |
| Information Technology | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Materials | |
| Utilities | |
| Communication Services | |
| Consumer Staples | |
Top 10 equity holdings
| Semtech | |
| MYR Group | |
| Modine Manufacturing | |
| Axsome Therapeutics | |
| Travere Therapeutics | |
| Credo Technology Group Holding | |
| Silicon Laboratories | |
| Ligand Pharmaceuticals | |
| Arcosa | |
| ESCO Technologies |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644301)
TSSR-DCZRX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class A | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Financials | |
| Industrials | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Information Technology | |
| Materials | |
| Utilities | |
| Healthcare | |
| Consumer Staples | |
Top 10 equity holdings
| TTM Technologies | |
| Valley National Bancorp | |
| TD SYNNEX | |
| First Financial Bancorp | |
| Timken | |
| Hancock Whitney | |
| Old National Bancorp | |
| FNB | |
| Columbia Banking System | |
| Terex |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5645125)
TSSR-DEVLX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class C | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Financials | |
| Industrials | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Information Technology | |
| Materials | |
| Utilities | |
| Healthcare | |
| Consumer Staples | |
Top 10 equity holdings
| TTM Technologies | |
| Valley National Bancorp | |
| TD SYNNEX | |
| First Financial Bancorp | |
| Timken | |
| Hancock Whitney | |
| Old National Bancorp | |
| FNB | |
| Columbia Banking System | |
| Terex |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5645125)
TSSR-DEVCX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class R | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Financials | |
| Industrials | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Information Technology | |
| Materials | |
| Utilities | |
| Healthcare | |
| Consumer Staples | |
Top 10 equity holdings
| TTM Technologies | |
| Valley National Bancorp | |
| TD SYNNEX | |
| First Financial Bancorp | |
| Timken | |
| Hancock Whitney | |
| Old National Bancorp | |
| FNB | |
| Columbia Banking System | |
| Terex |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5645125)
TSSR-DVLRX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Institutional Class | $ |
| ^ | |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Financials | |
| Industrials | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Information Technology | |
| Materials | |
| Utilities | |
| Healthcare | |
| Consumer Staples | |
Top 10 equity holdings
| TTM Technologies | |
| Valley National Bancorp | |
| TD SYNNEX | |
| First Financial Bancorp | |
| Timken | |
| Hancock Whitney | |
| Old National Bancorp | |
| FNB | |
| Columbia Banking System | |
| Terex |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5645125)
TSSR-DEVIX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class R6 | $ |
| ^ | |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Sector allocation*
| Financials | |
| Industrials | |
| Consumer Discretionary | |
| Real Estate | |
| Energy | |
| Information Technology | |
| Materials | |
| Utilities | |
| Healthcare | |
| Consumer Staples | |
Top 10 equity holdings
| TTM Technologies | |
| Valley National Bancorp | |
| TD SYNNEX | |
| First Financial Bancorp | |
| Timken | |
| Hancock Whitney | |
| Old National Bancorp | |
| FNB | |
| Columbia Banking System | |
| Terex |
* Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes.
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5645125)
TSSR-DVZRX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class A | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Portfolio composition
| Common Stocks | |
| Exchange-Traded Funds | |
| Corporate Bonds | |
| Agency Mortgage-Backed Securities | |
| US Treasury Obligations | |
| Non-Agency Commercial Mortgage-Backed Securities | |
| Non-Agency Collateralized Mortgage Obligations | |
| Collateralized Loan Obligations | |
| Non-Agency Asset-Backed Securities | |
| Municipal Bonds |
Top 10 equity holdings
| NVIDIA | |
| Apple | |
| Microsoft | |
| Broadcom | |
| Alphabet Class A | |
| Micron Technology | |
| Exxon Mobil | |
| Cisco Systems | |
| Dell Technologies Class C | |
| QUALCOMM |
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644198)
TSSR-DDIAX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class C | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Portfolio composition
| Common Stocks | |
| Exchange-Traded Funds | |
| Corporate Bonds | |
| Agency Mortgage-Backed Securities | |
| US Treasury Obligations | |
| Non-Agency Commercial Mortgage-Backed Securities | |
| Non-Agency Collateralized Mortgage Obligations | |
| Collateralized Loan Obligations | |
| Non-Agency Asset-Backed Securities | |
| Municipal Bonds |
Top 10 equity holdings
| NVIDIA | |
| Apple | |
| Microsoft | |
| Broadcom | |
| Alphabet Class A | |
| Micron Technology | |
| Exxon Mobil | |
| Cisco Systems | |
| Dell Technologies Class C | |
| QUALCOMM |
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644198)
TSSR-DDICX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class R | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Portfolio composition
| Common Stocks | |
| Exchange-Traded Funds | |
| Corporate Bonds | |
| Agency Mortgage-Backed Securities | |
| US Treasury Obligations | |
| Non-Agency Commercial Mortgage-Backed Securities | |
| Non-Agency Collateralized Mortgage Obligations | |
| Collateralized Loan Obligations | |
| Non-Agency Asset-Backed Securities | |
| Municipal Bonds |
Top 10 equity holdings
| NVIDIA | |
| Apple | |
| Microsoft | |
| Broadcom | |
| Alphabet Class A | |
| Micron Technology | |
| Exxon Mobil | |
| Cisco Systems | |
| Dell Technologies Class C | |
| QUALCOMM |
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644198)
TSSR-DDDRX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Institutional Class | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Portfolio composition
| Common Stocks | |
| Exchange-Traded Funds | |
| Corporate Bonds | |
| Agency Mortgage-Backed Securities | |
| US Treasury Obligations | |
| Non-Agency Commercial Mortgage-Backed Securities | |
| Non-Agency Collateralized Mortgage Obligations | |
| Collateralized Loan Obligations | |
| Non-Agency Asset-Backed Securities | |
| Municipal Bonds |
Top 10 equity holdings
| NVIDIA | |
| Apple | |
| Microsoft | |
| Broadcom | |
| Alphabet Class A | |
| Micron Technology | |
| Exxon Mobil | |
| Cisco Systems | |
| Dell Technologies Class C | |
| QUALCOMM |
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644198)
TSSR-DDIIX-0726
Semiannual shareholder report | May 31, 2026
What were the Fund's costs for the last six months ?
(Based on a hypothetical $10,000 investment)
| Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment^ |
| Class R6 | $ |
| ^ | Annualized. |
Fund statistics (as of May 31, 2026)
| Fund net assets | $ |
| Total number of portfolio holdings* | |
| Total advisory fees paid (during reporting period) | $ |
| Portfolio turnover rate |
| * |
Excludes cash and cash equivalents. |
Fund holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, with each category representing a percentage of the total net assets of the Fund.
Portfolio composition
| Common Stocks | |
| Exchange-Traded Funds | |
| Corporate Bonds | |
| Agency Mortgage-Backed Securities | |
| US Treasury Obligations | |
| Non-Agency Commercial Mortgage-Backed Securities | |
| Non-Agency Collateralized Mortgage Obligations | |
| Collateralized Loan Obligations | |
| Non-Agency Asset-Backed Securities | |
| Municipal Bonds |
Top 10 equity holdings
| NVIDIA | |
| Apple | |
| Microsoft | |
| Broadcom | |
| Alphabet Class A | |
| Micron Technology | |
| Exxon Mobil | |
| Cisco Systems | |
| Dell Technologies Class C | |
| QUALCOMM |
Availability of additional information
You can access additional information about the Fund, such as the prospectus, financial information, holdings, and proxy voting information, at nomuraassetmanagement.com/literature. You can also request this information by contacting us at 800 523-1918, weekdays from 8:30am to 6:00pm ET, or by contacting your financial intermediary.
Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain shareholders of the Fund. If you would like to receive individual mailings, please call 800 523-1918 or contact your financial intermediary. Your instructions will typically be effective within 30 days after we receive them from you or your financial intermediary. If you choose, you may receive these documents through electronic delivery.
For more information, please scan the QR code at left to navigate to additional hosted material at nomuraassetmanagement.com/literature.
(5644198)
TSSR-DDERX-0726
