DVLRX Performance — Nomura Small Cap Value Fund, Class R
Data updated: 2026-07-27
DVLRX returned +14.58% year to date and +28.28% over one year to May 2026. Annualised returns are +16.88% over 3 years and +6.26% over 5 years. Against its US Small Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $160, against $156 for the category, and to $128 over one year, against $129. Volatility over the past three years was 18.00% a year. In the 12 months to May 2026 the fund lost a net $1.0B, and assets reached $3.48B.
DVLRX Growth of $100
What $100 invested in Nomura Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | DVLRX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $128 | $129 |
| 3 years (Jun 2023 – May 2026) | $160 | $156 |
| 5 years (Jun 2021 – May 2026) | $135 | $140 |
| Since data start (Sep 2019 – May 2026) | $193 | $210 |
DVLRX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.58% |
| 1 year | +28.28% |
| 3 years (annualised) | +16.88% |
| 5 years (annualised) | +6.26% |
DVLRX Annual Returns
Calendar-year total returns of Nomura Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +14.58% |
| 2025 | +7.41% |
| 2024 | +10.61% |
| 2023 | +8.96% |
| 2022 | −12.63% |
| 2021 | +33.59% |
| 2020 | −1.72% |
| 2019 (Sep–Dec) | +13.50% |
DVLRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.3% | +3.6% | −4.3% | +9.4% | −0.7% | — | — | — | — | — | — | — |
| 2025 | +4.3% | −4.5% | −5.0% | −3.7% | +5.3% | +3.7% | +0.7% | +5.2% | −0.9% | −1.1% | +3.5% | +0.5% |
| 2024 | −2.7% | +3.2% | +5.7% | −5.2% | +5.0% | −2.5% | +9.2% | −1.2% | +0.1% | −0.7% | +9.5% | −8.5% |
| 2023 | +8.8% | −2.0% | −7.9% | −2.7% | −2.7% | +9.6% | +5.7% | −4.1% | −5.3% | −5.2% | +7.0% | +9.9% |
| 2022 | −4.0% | +2.5% | −1.8% | −7.0% | +3.5% | −11.1% | +8.8% | −3.7% | −9.8% | +13.2% | +5.2% | −6.2% |
| 2021 | +1.2% | +12.0% | +5.7% | +4.3% | +2.3% | −3.1% | −1.6% | +1.9% | −1.8% | +4.3% | −0.9% | +6.0% |
| 2020 | −4.7% | −11.3% | −24.9% | +13.3% | +2.1% | +1.7% | +2.4% | +3.4% | −5.8% | +4.1% | +17.3% | +8.0% |
| 2019 | — | — | — | — | — | — | — | — | +4.5% | +1.8% | +3.2% | +3.4% |
DVLRX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.00%
- 3-year Sharpe ratio: 0.69 (vs 4.5% risk-free rate)
- Best month: +9.90% (Dec 2023)
- Worst month: −8.48% (Dec 2024)
DVLRX Fund Flows
Monthly money in and out of Nomura Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.0B
- 12-month gross sales (incl. reinvestments): $905.6M
- Sales ÷ redemptions: 0.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $45.0M | $227.9M | −$182.9M |
| Apr 2026 | $39.7M | $107.9M | −$68.2M |
| Mar 2026 | $40.9M | $95.1M | −$54.2M |
| Feb 2026 | $45.1M | $200.1M | −$155.0M |
| Jan 2026 | $36.0M | $92.3M | −$56.3M |
| Dec 2025 | $453.0M | $216.1M | $236.9M |
| Nov 2025 | $46.4M | $78.0M | −$31.6M |
| Oct 2025 | $52.7M | $82.4M | −$29.7M |
| Sep 2025 | $33.2M | $75.0M | −$41.8M |
| Aug 2025 | $33.3M | $70.6M | −$37.2M |
| Jul 2025 | $45.3M | $585.7M | −$540.4M |
| Jun 2025 | $34.8M | $105.1M | −$70.2M |
DVLRX Assets Under Management
Net assets of Nomura Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $3.48B |
| 2026-02-27 | $3.64B |
| 2025-11-28 | $3.66B |
| 2025-08-29 | $3.71B |
| 2025-05-30 | $3.98B |
| 2025-02-28 | $4.27B |
| 2024-11-29 | $4.87B |
| 2024-08-30 | $4.73B |
| 2024-05-31 | $4.71B |
| 2024-02-29 | $4.73B |
| 2023-11-30 | $4.68B |
| 2023-08-31 | $5.27B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.