Nomura Transformational Technologies ETF
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- Macquarie ETF Trust – Transformation Technologies ETF, formerly the Macquarie Transformational Technologies ETF and now operating as the Nomura Transformational Technologies ETF, is a non-diversified, actively managed exchange-traded fund that seeks capital growth through investments in transformational technology companies. The Fund invests, under normal market conditions, at least 80% of net assets in issuers that develop, apply, benefit from, or use technological developments to expand business opportunities or competitive advantages; its investment universe includes technology companies involved in semiconductors; computer hardware; IT services; software; networking; telecommunications services; entertainment; content media; data processing; internet services; energy efficiency; alternative energy; and defense electronics, as well as applied-technology companies in agriculture; financial services; consumer discretionary; industrials; energy; transportation; and retail. The Fund typically maintains a concentrated portfolio of approximately 20 to 30 equity securities, emphasizes companies with above-economy earnings-growth potential and high barriers to entry, and concentrates at least 25% of assets in the technology industry. It may invest in companies of any market capitalization and in U.S. and foreign issuers, including emerging-market issuers, directly or through American depositary receipts. Shares trade on The Nasdaq Stock Market under the ticker FRWD, and the Fund charges a 0.65% annual management fee. The Fund is managed by Delaware Management Company, a series of Nomura Investment Management Business Trust, with Bradley J. Warden, CFA, and Gus C. Zinn, CFA serving as Senior Portfolio Managers. The investment strategy began as a separately managed account on November 30, 2018 and was converted into the ETF structure on January 12, 2026. Major recent changes include Nomura Holding America Inc.’s December 1, 2025 acquisition of Macquarie Asset Management’s U.S. and European public investments business, which resulted in the rebranding of Macquarie ETF Trust as Nomura ETF Trust and the Fund’s name change to Nomura Transformational Technologies ETF; the Fund subsequently commenced ETF operations in January 2026 following the transfer of the predecessor account’s portfolio securities. Nomura Asset Management is part of Nomura Group’s Investment Management Division and provides public- and private-market asset-management services to intermediary and institutional clients through U.S., European, U.K. and Australian investment-management affiliates.