Fund Evaluator:
Nomura Wealth Builder R (DDDRX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
Nomura Wealth Builder R Overview
Nomura Wealth Builder R (DDDRX) is an actively managed Allocation Moderate Allocation fund. Nomura launched the fund in 2003.
The investment seeks to provide high current income and an investment that has the potential for capital appreciation. Under normal circumstances, at least 50% of the fund's total assets will be invested in income-generating equity securities, including real estate investment trusts (REITs), convertible securities, and exchange-traded funds (ETFs). It invests primarily in income-generating securities (debt and equity), which may include equity securities of large, well-established companies, and debt securities, including high yield, high-risk corporate bonds, investment grade fixed income securities, convertible securities, and U.S. government securities.
About Nomura Wealth Builder R (DDDRX)
There are 7 members of the management team with an average tenure of 2.36 years: Jurgen Wurzer (2020), Stefan Löwenthal (2020), Aaron Young (2022), Amy Chang (2026), Chris Parham (2026), Stephen Kotsen (2026), David Crall (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Nomura Wealth Builder R has 732 securities in its portfolio. The top 10 holdings constitute 26.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Nomura Wealth Builder R is part of the Allocation global asset class and is within the Allocation fund group. Nomura Wealth Builder R has 7.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.3%. There is 4.6% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 31.3% (28.0% domestic bond, 3.3% foreign bond and 0.0% convertible bond). Nomura Wealth Builder R has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DDDRX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nomura Wealth Builder R expense ratio is high compared to funds in the Moderate Allocation category. Nomura Wealth Builder R has an expense ratio of 1.31%, which is 32% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nomura Wealth Builder R has a portfolio turnover rate of 91%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of June 2026, Nomura Wealth Builder R returned -0.7%, which earned it a grade of F, as the Moderate Allocation category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Nomura Wealth Builder R has a trailing yield of 2.86%, which is above the 1.97% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nomura Wealth Builder R Grades
Year to date, the fund has returned 9.1%, 2.4 percentage points better than the category, which translates into a grade of B. The fund has returned 18.2% over the past year (grade of A), 12.8% over the past three years (grade of C) and 8.1% per year over the past five years (grade of B) and 7.2% per year over the past 10 years (grade of F).
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DDDRX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DDDRX Return (NAV) | -0.7% | 9.5% | 18.2% | 12.8% | 8.1% | 7.2% |
| DDDRX Grade | F | B | A | C | B | F |
| +/- Category | -0.7% | 1.3% | 4.0% | -0.1% | 1.2% | -1.5% |
| Moderate Allocation Avg | 0.1% | 8.3% | 14.2% | 12.9% | 6.9% | 8.7% |
| DDDRX Tax Cost Ratio | na | na | 2.1% | 1.6% | 1.8% | 1.5% |
DDDRX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DDDRX Return (NAV) | 9.1% | 12.7% | 10.1% | 11.9% | -9.0% | 17.6% | 2.3% | 17.2% | -7.5% | 8.9% | 8.9% |
| DDDRX Grade | B | C | D | D | A | A | F | F | F | F | B |
| +/- Category | 2.4% | -0.6% | -2.1% | -2.5% | 5.0% | 3.2% | -10.6% | -2.6% | -2.4% | -4.9% | 1.2% |
| Moderate Allocation Avg | 6.7% | 13.3% | 12.2% | 14.4% | -14.0% | 14.4% | 12.8% | 19.8% | -5.1% | 13.7% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 9.5% |
| Total Risk Index: | 0.78 - Below Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (69% Rank) |
| Beta: | 0.97 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $817 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 91% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 6.1 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Wurzer Jurgen (2020), Löwenthal Stefan (2020), Young Aaron (2022), Chang Amy (2026), Parham Chris (2026), Kotsen Stephen (2026), Crall David (2026) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 732 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.8% |
Portfolio Allocation |
|
| Domestic Stock: | 63.3% |
| Foreign Stock: | 4.6% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 28.0% |
| Foreign Bond: | 3.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Nomura |
| Phone Number: | 800-523-1918 |
| Website: | www.delawareinvestments.com |
| Status: | Open |
| Inception Date: | October 1, 2003 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.31% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Nomura Wealth Builder Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
