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Nomura Global Listed Real Assets R Overview

Nomura Global Listed Real Assets R (DPRRX) is an actively managed Allocation Global Moderate Allocation fund. Nomura launched the fund in 2003.

The investment seeks total return, which is targeted to be in excess of inflation, through growth of capital and current income. Under normal market conditions, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Real Assets Securities (80% policy). It will invest at least 30% of its net assets in foreign securities, including emerging markets issuers. The fund may purchase both equity and fixed income securities. It may invest in securities of companies or issuers of any size market capitalization.

About Nomura Global Listed Real Assets R (DPRRX)

There are 7 members of the management team with an average tenure of 2.57 years: Jurgen Wurzer (2019), Stefan Löwenthal (2019), 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: MSCI ACWI GR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Nomura Global Listed Real Assets R has 262 securities in its portfolio. The top 10 holdings constitute 16.8% 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 Global Listed Real Assets R is part of the Allocation global asset class and is within the Allocation fund group. Nomura Global Listed Real Assets R has 41.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 37.7%. There is 31.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 27.2% (17.1% domestic bond, 10.1% foreign bond and 0.0% convertible bond). Nomura Global Listed Real Assets R has 3.7% of the portfolio in cash.

Assets Under Management

The fund has $2 million in total assets, which is below the $948 million average for the Global 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.

DPRRX 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 Global Listed Real Assets R expense ratio is high compared to funds in the Global Moderate Allocation category. Nomura Global Listed Real Assets R has an expense ratio of 1.41%, which is 35% higher than its category average, making the fund expense ratio grade a F. 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 Global Listed Real Assets R has a portfolio turnover rate of 61%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Global Moderate Allocation category.

Recently, in the month of June 2026, Nomura Global Listed Real Assets R returned -1.9%, which earned it a grade of F, as the Global Moderate Allocation category had an average return of -0.2%. 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 Global Listed Real Assets R has a trailing yield of 2.31%, which is below the 2.64% category average. The fund normally distributes its income quarterly 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 Global Listed Real Assets R Grades

Year to date, the fund has returned 7.3%, 0.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 16.5% over the past year (grade of B), 9.0% over the past three years (grade of F) and 5.6% per year over the past five years (grade of D) and 5.4% per year over the past 10 years (grade of F).

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