Key Takeaways
- • Nomura Global Listed Real Assets Fund (DPREX) portfolio composition as of July 31, 2026: 76.3% total equity allocation with 25.6% deployed in inflation-linked global listed infrastructure, reflecting a diversified real assets strategy aligned with inflation-hedging objectives.
- • Fund outperformance in Q1 2026 driven by natural resources and infrastructure sectors, establishing momentum heading into Q2 reporting period with exposure to cyclical and defensive asset classes within the listed real assets space.
- • July 2026 monthly return of 1.9% positioned the fund in the top tier (Grade A) within the Global Moderate Allocation category, demonstrating competitive performance in a moderately allocated risk profile relative to peer funds.
- • Fund targets total return in excess of inflation through capital growth and current income, with minimum 30% net assets mandated for foreign securities including emerging markets exposure, providing geographic diversification and inflation protection across multiple geographies.
Summary
The Nomura Global Listed Real Assets Fund (DPREX) — formerly the Macquarie Global Listed Real Assets Fund — maintains a strategically diversified portfolio positioned to capture inflation-adjusted returns across global real asset classes. As of July 31, 2026, the fund's asset allocation reflects a 76.3% equity weighting, with 25.6% of total assets concentrated in inflation-linked global listed infrastructure holdings. This positioning prioritizes real assets traditionally viewed as inflation hedges, including infrastructure, real estate, and natural resources.
Performance metrics through Q2 2026 demonstrate competitive execution. The fund outperformed its primary benchmark in Q1 2026, with gains concentrated in natural resources and infrastructure holdings. This momentum continued into July 2026, when the fund delivered a 1.9% monthly return, earning a Grade A designation within the Global Moderate Allocation category. This performance trajectory reflects effective sector positioning during a period of mixed economic signals.
The fund's investment mandate explicitly targets total returns exceeding inflation through dual mechanisms: capital appreciation and current income generation. The strategy requires a minimum 30% allocation to foreign securities, including emerging markets exposure, providing geographic diversification beyond US markets. This global orientation aligns with the real assets thesis, where international infrastructure and commodity-linked securities offer exposure to growth in developing economies and inflationary pressures in non-US jurisdictions.
Available share classes include Institutional Class (DPRSX), Class A (DPREX), Class R6 (DPRDX), Class R (DPRRX), and Class C (DPRCX), allowing institutional and retail investors access to the strategy across different fee and distribution structures. The fund operates within Nomura Asset Management's broader alternative and specialty fund suite, which includes complementary strategies in climate solutions, natural resources, and real estate securities, providing ecosystem positioning for multi-strategy allocators.
Performance metrics through Q2 2026 demonstrate competitive execution. The fund outperformed its primary benchmark in Q1 2026, with gains concentrated in natural resources and infrastructure holdings. This momentum continued into July 2026, when the fund delivered a 1.9% monthly return, earning a Grade A designation within the Global Moderate Allocation category. This performance trajectory reflects effective sector positioning during a period of mixed economic signals.
The fund's investment mandate explicitly targets total returns exceeding inflation through dual mechanisms: capital appreciation and current income generation. The strategy requires a minimum 30% allocation to foreign securities, including emerging markets exposure, providing geographic diversification beyond US markets. This global orientation aligns with the real assets thesis, where international infrastructure and commodity-linked securities offer exposure to growth in developing economies and inflationary pressures in non-US jurisdictions.
Available share classes include Institutional Class (DPRSX), Class A (DPREX), Class R6 (DPRDX), Class R (DPRRX), and Class C (DPRCX), allowing institutional and retail investors access to the strategy across different fee and distribution structures. The fund operates within Nomura Asset Management's broader alternative and specialty fund suite, which includes complementary strategies in climate solutions, natural resources, and real estate securities, providing ecosystem positioning for multi-strategy allocators.
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