DLTAX — Nomura Ultrashort Fund
Data updated: 2026-08-26
DLTAX — Nomura Ultrashort Fund. Short Securitized (MBS/ABS/CMBS) Bond · $123.17M AUM · 0.40% expense ratio. Holdings, fees, performance and SEC filings.
DLTAX Fund Overview
DLTAX — Nomura Ultrashort Fund is a US mutual fund managed by Delaware Group Cash Reserve, categorised as Short Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Delaware Group Cash Reserve
- Category: Short Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $123.17M
- 1-year return: 3.5%
- Ticker: DLTAX
- SEC CIK: 0000230173
- SEC series ID: S000003913
- Share class ID: C000010968
DLTAX Investment Objective and Strategy
Nomura Ultrashort Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Delaware Group Cash Reserve.
Investment objective
Delaware Investments Ultrashort Fund seeks total return to the extent consistent with a relatively low volatility of principal.
Principal investment strategy
Under normal circumstances, the Fund will invest all of its net assets, plus the amount of any borrowings for investment purposes, in investment grade fixed income securities at the time of purchase, including, but not limited to, fixed income securities issued or guaranteed by the US government, its agencies or instrumentalities, and by US and non-US corporations. Investment grade fixed income securities are securities rated BBB- or higher by Standard & Poor?s Financial Services LLC (S&P) or Baa3 or higher by Moody?s Investors Service, Inc. (Moody?s), or similarly rated by another nationally recognized statistical rating organization (NRSRO), or those that are deemed to be of comparable quality. The Fund will maintain an average effective duration of less than 18 months. Duration measures a bond?s sensitivity to interest rates by indicating the approximate change in a bond or bond fund?s price given a 1% change in interest rates.
The Fund?s investment manager, Delaware Management Company (Manager), will determine how much of the Fund?s assets to allocate among the different types of fixed income securities in which the Fund may invest based on our evaluation of economic and market conditions and our assessment of the returns and potential for appreciation that can be achieved from various sectors of the fixed income market. The corporate debt obligations in which the Fund may invest include bonds, notes, debentures, and commercial paper of US companies and non-US companies. The Fund may also invest in a variety of securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities, which have been established or are sponsored by the US government, and securities issued by foreign governments.
Additionally, the Fund may invest in mortgage-backed securities issued or guaranteed by the US government, its agencies or instrumentalities, or government-sponsored corporations, and mortgage-backed securities issued by certain private, nongovernment entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases. The Fund may invest up to 30% of its net assets in foreign securities, including up to 10% of its net assets in securities of issuers located in emerging markets. The Fund may use a wide range of derivative instruments, typically including options, futures contracts, options on futures contracts, credit default swaps, interest rate swaps, and index swaps.
The Fund will use derivatives for both hedging and nonhedging purposes. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against bond defaults, to manage credit exposure, or to enhance total return; and index swaps to enhance return or to effect diversification. The Fund will not use derivatives for reasons inconsistent with its investment objective and will limit its investments in derivative instruments to 10% of net assets.
DLTAX Holdings
Top 10 holdings of Nomura Ultrashort Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Banco Santander Chile SA | 4.04% |
| Telstra Group Ltd. | 4.04% |
| Hsbc USA, Inc. | 4.03% |
| Trane Technologies Financing Ltd. | 3.25% |
| Fremf 2020-K737 Mortgage Trust | 3.22% |
| Verizon Master Trust | 2.64% |
| Cards Ii Trust | 2.42% |
| Ari Fleet Lease Trust 2012 Abs | 2.42% |
| Federal Home Loan Mortgage Corp. | 2.40% |
| Wheels Fleet Lease Funding 1 LLC | 2.36% |
DLTAX Portfolio Allocation
Asset-class allocation of Nomura Ultrashort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 64.5% |
| Cash & Equivalents | 23.5% |
| Fixed Income | 12.0% |
DLTAX Performance
Total returns for DLTAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.5% |
| 3 years (annualised) | 1.2% |
DLTAX Risk Information
Risk metrics for DLTAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.5%
DLTAX Costs and Fees
DLTAX costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 0.94%
- Portfolio turnover: 72%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
DLTAX Cashflows
Over the 12 months to 2026-06, Nomura Ultrashort Fund had net inflows of $1.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.79M |
| 2026-05 | −$4.77M |
| 2026-04 | −$1.30M |
| 2026-03 | −$1.02M |
| 2026-02 | −$3.84M |
| 2026-01 | −$592.58K |
DLTAX Debt Constituents
Largest debt holdings of Nomura Ultrashort Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Bank Of America Corp. | 2.05% |
| Goldman Sachs Group, Inc. (the) | 2.03% |
| Hyundai Capital America | 2.03% |
| Southwestern Electric Power Company | 2.02% |
| Rtx Corp. | 2.01% |
| Ashtead Capital, Inc. | 0.95% |
| Aercap Ireland Capital Dac / Aercap Global Aviation Trust | 0.94% |
DLTAX Prospectus and SEC Filings
Official Nomura Ultrashort Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-12
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other Short Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.