Nomura Small Cap Value Fund Q4 2025: Performance Drivers And Highlights

Macquarie Asset Management31 FollowersFollow5ShareSavePlay(6min)CommentsSummaryFor 4Q25, Nomura Small Cap Value Fund Institutional class shares slightly lagged the return of its benchmark, the Russell 2000 Value Index.Stock selection and an underweight allocation to the healthcare sector were the most notable detractors from the Fund's performance for the quarter.Shares of Herc outperformed during the quarter when the company reported earnings that were better than analysts' expectations.Bread Financial outperformed in 4Q as credit metrics proved more resilient than anticipated.TTM Technologies' products are in high demand for use in artificial intelligence computing and advanced defense-related radar systems. AoZaaStudio/iStock via Getty Images The following segment was excerpted from the Nomura Small Cap Value Fund Q4 2025 Commentary. For 4Q25, Nomura Small Cap Value Fund Institutional class shares slightly lagged the return of its benchmark, the Russell 2000 Value Index. StockThis article was written byMacquarie Asset Management31 FollowersFollowMacquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Delaware Funds by Macquarie refers to certain investment solutions that MAM distributes, offers, or advises. Investment advisory services are provided to the Delaware Funds by Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment adviser.

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