Fund Evaluator:

Nomura Core Equity Fund Class C Overview

Nomura Core Equity Fund Class C (WTRCX) is an actively managed U.S. Equity Large Blend fund. Nomura launched the fund in 1992.

The investment seeks capital growth and appreciation. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities, primarily in common stocks of large-capitalization companies. It seeks to invest in companies that the manager believes are high-quality, have sustainable competitive advantages accompanied by financial strength and earnings stability, and have leading positions in their industries. The fund invests in securities that have the potential for capital appreciation, or that the manager expects to resist market decline.

About Nomura Core Equity Fund Class C (WTRCX)

There are 1 members of the management team with an average tenure of 20.46 years: Erik Becker (2006). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Nomura Core Equity Fund Class C has 51 securities in its portfolio. The top 10 holdings constitute 43.9% 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 Core Equity Fund Class C is part of the Equity global asset class and is within the U.S. Equity fund group. Nomura Core Equity Fund Class C has 8.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.8%. There is 8.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Nomura Core Equity Fund Class C has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $16 million in total assets, which is below the $6 billion average for the Large Blend 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.

WTRCX 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 Core Equity Fund Class C expense ratio is high compared to funds in the Large Blend category. Nomura Core Equity Fund Class C has an expense ratio of 1.74%, which is 114% 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 Core Equity Fund Class C has a portfolio turnover rate of 40%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Nomura Core Equity Fund Class C returned -0.5%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. 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 Core Equity Fund Class C has a trailing yield of 0.00%, which is below the 0.56% category average. The fund normally distributes its income annually 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 Core Equity Fund Class C Grades

Year to date, the fund has returned 9.8%, 0.5 percentage points better than the category, which translates into a grade of C. The fund has returned 15.0% over the past year (grade of D), 18.1% over the past three years (grade of C) and 11.0% per year over the past five years (grade of C) and 13.6% per year over the past 10 years (grade of D).

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