# EDGAR Filing Document

**Accession Number:** 0000809821
**File Stem:** 0001133228-26-004311
**Filing Date:** 2026-3
**Character Count:** 26671
**Document Hash:** c8aa6413f1086542cff7b9f1f2771a70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-004311.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001133228-26-004311

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**EFFECTIVENESS DATE**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE GROUP EQUITY FUNDS V
- **CENTRAL INDEX KEY:** 0000809821

**ORGANIZATION NAME:**
- **EIN:** 232450217
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-11419
- **FILM NUMBER:** 26819522

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP EQUITY FUNDS V INC
- **DATE OF NAME CHANGE:** 19970128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP VALUE FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP INSIGHT FUND INC
- **DATE OF NAME CHANGE:** 19870621

## Series and Classes Contracts Data

### Nomura Wealth Builder Fund (Series ID: S000002399)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000006368 | Class A             | DDIAX           |
| C000006370 | Class C             | DDICX           |
| C000006371 | Class R             | DDDRX           |
| C000006372 | Institutional Class | DDIIX           |
| C000240402 | Class R6            | DDERX           |

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| |
|:---|
| ![](sp2513img002.jpg)  |
| Summary prospectus |

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Multi-asset mutual fund

Nomura Wealth Builder Fund

(formerly, Macquarie Wealth Builder Fund)

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| | |
|:---|:---|
| **Nasdaq ticker symbols** | **Nasdaq ticker symbols** |
| Class A | DDIAX |
| Class C | DDICX |
| Class R | DDDRX |
| Institutional Class | DDIIX |
| Class R6 | DDERX |

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March 31, 2026

Before you invest, you may want to review the Fund's statutory prospectus (and any supplements thereto), which contains more information about the Fund and its risks. You can find the Fund's statutory prospectus and other information about the Fund, including its statement of additional information and most recent reports to shareholders, online at nomuraassetmanagement.com/literature. You can also get this information at no cost by calling 800 523-1918. The Fund's statutory prospectus and statement of additional information, both dated March 31, 2026 (and any supplements thereto), are incorporated by reference into this summary prospectus.

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| |
|:---|
| Summary prospectus |
| **Nomura Wealth Builder Fund**, a series of Delaware Group<sup>®</sup> Equity Funds V<br>(formerly, Macquarie Wealth Builder Fund) |

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**What are the** **Fund's investment objectives?**

Nomura Wealth Builder Fund seeks to provide high current income and an investment that has the potential for capital appreciation.

**What are the** **Fund's fees and expenses?**

The table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. **You may pay other fees, such as brokerage commissions and other** **fees to financial intermediaries, which are not reflected in the tables and examples below**. You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nomura Funds (formerly, Macquarie Funds). More information about these and other discounts is available from your financial intermediary, in the Fund's Prospectus under the section entitled "About your account," and in the Fund's statement of additional information (SAI) under the section entitled "Purchasing Shares."

**Shareholder fees (fees paid directly from your investment)**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Class | A | C | R | Inst. | R6 |
| &nbsp;&nbsp;Maximum sales charge (load) imposed <br>on purchases as a percentage of <br>offering price................... | 5.75% |  |  |  |  |
| &nbsp;&nbsp;Maximum contingent deferred sales <br>charge (load) as a percentage of <br>original purchase price or redemption <br>price, whichever is lower........... | none<sup>1</sup> | 1.00%<sup>1</sup> |  |  |  |

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**Annual** **fund operating expenses (expenses that you pay each year as a percentage of the** **value of your investment)**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Class | A | C | R | Inst. | R6 |
| Management fees................. | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
| Distribution and service (12b-1) fees.... | 0.25% | 1.00% | 0.50% |  |  |
| Other expenses.................. | 0.22%<sup>2</sup> | 0.22%<sup>2</sup> | 0.22%<sup>2</sup> | 0.22%<sup>2</sup> | 0.15%<sup>2,</sup><sup>3</sup> |
| Acquired fund fees and expenses...... | 0.02%<sup>4</sup> | 0.02%<sup>4</sup> | 0.02%<sup>4</sup> | 0.02%<sup>4</sup> | 0.02%<sup>4</sup> |
| Total annual fund operating expenses... | 1.12%<sup>5</sup> | 1.87%<sup>5</sup> | 1.37%<sup>5</sup> | 0.87%<sup>5</sup> | 0.80%<sup>5</sup> |
| &nbsp;&nbsp;Fee waivers and expense <br>reimbursements................. | (0.06%)<sup>6</sup> | (0.06%)<sup>6</sup> | (0.06%)<sup>6</sup> | (0.06%)<sup>6</sup> | (0.06%)<sup>6</sup> |
| &nbsp;&nbsp;Total annual fund operating expenses <br>after fee waivers and expense <br>reimbursements................. | 1.06% | 1.81% | 1.31% | 0.81% | 0.74% |

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| | |
|:---|:---|
| 1 | For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 18 months of purchase. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase. |

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2 "Other expenses" includes the expenses of any wholly-owned subsidiaries of the Fund.

3 "Other expenses" account for Class R6 shares not being subject to certain expenses as described further in the section of this Prospectus entitled "Choosing a share class."

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| | |
|:---|:---|
| 4 | Acquired fund fees and expenses sets forth the Fund's pro rata portion of the cumulative expenses charged by the registered investment companies in which the Fund invested during the last fiscal year. The actual acquired fund fees and expenses will vary with changes in the allocations of the Fund's assets. These expenses are not direct costs paid by Fund shareholders, and are not used to calculate the Fund's NAV. |

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| | |
|:---|:---|
| 5 | The Total annual fund operating expenses ratio shown above does not correlate to the expense ratio shown in the Financial Highlights table because that ratio does not include the acquired fund fees and expenses. |

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| | |
|:---|:---|
| 6 | The Fund's investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.79% of the Fund's average daily net assets for all share classes other than Class R6, and 0.72% of the Fund's Class R6 shares' average daily net assets, from March 31, 2026 through March 30, 2027. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund. |

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**Example**

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. In addition, the example shows expenses for Class C shares, assuming those shares were not redeemed at the end of those periods. The example also assumes that your investment has a 5% return each year and reflects the Manager's expense waivers and reimbursements for the 1-year contractual period and the total operating expenses without waivers for years 2 through 10. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Class | A | (if not<br>redeemed)<br>C | C | R | Inst. | R6 |
| 1 year................... | $677 | $184 | $284 | $133 | $83 | $76 |
| 3 years................... | $905 | $582 | $582 | $428 | $272 | $249 |
| 5 years................... | $1151 | $1005 | $1005 | $744 | $476 | $438 |
| 10 years.................. | $1855 | $2185 | $2185 | $1641 | $1067 | $984 |

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**Portfolio turnover**

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 91% of the average value of its portfolio.

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Summary prospectus<br>**Nomura Wealth Builder Fund, a series of Delaware Group® Equity Funds V**<br>

**What are the** **Fund's principal investment strategies?**

The Fund invests primarily in income-generating securities (debt and equity), which may include equity securities of large, well-established companies, and debt securities, including high yield (junk) bonds, high-risk corporate bonds, investment grade fixed income securities, convertible securities, and US government securities.

Under normal circumstances, at least 50% of the Fund's total assets will be invested in income-generating equity securities, including real estate investment trusts (REITs), convertible securities, and exchange-traded funds (ETFs). While debt securities may comprise up to 50% of the Fund's total assets, no more than 45% of the Fund's total assets will be invested in high yield, high-risk debt securities. No more than 25% of the Fund's total assets will be invested in any one industry sector nor, as to 75% of the Fund's total assets, will more than 5% be invested in securities of any one issuer. The Fund may invest up to 30% of its total assets in foreign equity and debt securities. The Fund will not, however, invest more than 10% of its total assets in securities of issuers principally located or principally operating in markets of emerging countries.

The Manager uses a dynamic asset-allocation framework to determine the proportion of the Fund's assets that will be allocated to the various asset classes noted above, based on the market assessment and portfolio risk contribution for such asset classes. In connection with this dynamic asset-allocation framework, the Manager will also manage a tactical / completion sleeve and such sleeve will typically vary from 0% to 20% of the Fund's total assets and primarily hold derivatives and ETFs. If applicable, the derivatives and ETFs within the tactical / completion sleeve will also be counted towards the asset classes noted above.

The Fund may use a wide range of derivative instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Fund's portfolio characteristics. 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; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.

At times, the Fund may invest in a wholly-owned company acting as an investment vehicle for the Fund, in order to effect certain investments consistent with the Fund's investment objectives (Subsidiary). The Fund's investment in the Subsidiary is expected to provide the Fund with exposure to certain investments in accordance with the limits of the federal tax laws. The Fund complies with the provisions of the Investment Company Act of 1940 (1940 Act) governing investment policies, capital structure and leverage on an aggregate basis with the Subsidiary. The Subsidiary complies with the 1940 Act's provisions relating to affiliated transactions and custody of assets.

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**Investment in the Fund does not in any way provide an indication of future performance** **or a guarantee of positive returns.**

**What are the principal risks of investing in the** **Fund?**

Investing in any mutual fund involves the risk that you may lose part or all of the money you invest. Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund's portfolio. An investment in the Fund may not be appropriate for all investors. The Fund's principal risks include:

**Market risk** — The risk that all or a majority of the securities in a certain market — such as the stock or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.

**Credit risk** — The risk that an issuer of a debt security, including a governmental issuer or an entity that insures a bond, may be unable to make interest payments and/or repay principal in a timely manner.

**High yield (junk) bond risk** — The risk that high yield securities, commonly known as "junk bonds," are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than are higher-rated securities.

**Interest rate risk** — The risk that the prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Interest rate changes are influenced by a number of factors, such as government policy, monetary policy, inflation expectations, and the supply and demand of bonds. Bonds and other fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes. A fund may be subject to a greater risk of rising interest rates when interest rates are low or inflation rates are high or rising.

**Real estate industry risk** — This risk includes, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage funds; overbuilding; extended vacancies of properties; increases in competition, property taxes, and operating expenses; changes in zoning laws; costs resulting from the cleanup of, and liability to third parties resulting from, environmental problems; casualty for condemnation losses; uninsured damages from floods, earthquakes, or other natural disasters; limitations on and variations in rents; and changes in interest rates.

**Derivatives risk** — Derivatives contracts, such as futures, forward foreign currency contracts, options, and swaps, may involve additional expenses (such as the payment of premiums) and are subject to significant loss if a security, index, reference rate, or other asset or market factor to which a derivatives contract is associated, moves in an unanticipated direction. When used for hedging, the change in value of the derivatives instrument may also not correlate specifically with the currency, rate, or other risk being hedged, in which case a fund may not realize the

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Summary prospectus<br>**Nomura Wealth Builder Fund, a series of Delaware Group® Equity Funds V**<br>

intended benefits. Derivatives contracts are also subject to the risk that the counterparty may fail to perform its obligations under the contract due to, among other reasons, financial difficulties (such as a bankruptcy or reorganization).

**Leveraging risk** — The risk that certain fund transactions, such as reverse repurchase agreements, short sales, loans of portfolio securities, and the use of when-issued, delayed delivery or forward commitment transactions, or derivatives instruments, may give rise to leverage, causing a fund to be more volatile than if it had not been leveraged, which may result in increased losses to the fund.

**Exchange-traded fund risk** — The risks of investing in an ETF typically reflect the risks of the instruments in which the ETF invests. Because ETFs are investment companies, a fund will bear its proportionate share of the fees and expenses of an investment in an ETF. As a result, a fund's expenses may be higher and performance may be lower.

**Foreign risk** — The risk that foreign securities (particularly those of issuers in emerging markets) may be adversely affected by political instability, changes in currency exchange rates, inefficient markets and higher transaction costs, foreign economic conditions, the imposition of economic or trade sanctions, or inadequate or different regulatory and accounting standards.

**Government and regulatory risk** — The risk that governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.

**Liquidity risk** — The possibility that investments cannot be readily sold within seven calendar days at approximately the price at which a fund has valued them.

**Subsidiary risk** — The Subsidiary is not registered, nor subject to the investor protections, under the 1940 Act, and does not benefit from all the investor protections that apply to 1940 Act-registered funds. Changes in applicable tax laws could result in the inability of the Fund and/or the Subsidiary to operate as described herein, which could adversely affect the Fund and its shareholders.

**Active management and selection risk** — The risk that the securities selected by a fund's management will underperform the markets, the relevant indices, or the securities selected by other funds with similar investment objectives and investment strategies. The securities and sectors selected may vary from the securities and sectors included in the relevant index.

**How has** **Nomura Wealth Builder Fund performed?**

The bar chart and table below provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year and the table shows how the Fund's average annual total returns for the 1-, 5-, and 10-year or lifetime periods compare with those of broad measures of market performance and an additional index with characteristics relevant to the Fund. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The returns reflect any expense caps in

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effect during these periods. The returns would be lower without the expense caps. You may obtain the Fund's most recently available month-end performance by calling 800-523-1918 or by visiting our website at nomuraassetmanagement.com/performance.

**Calendar year-by-year total return (Class A)**

![](sp2513img001.jpg)

During the periods illustrated in this bar chart, Class A's highest quarterly return was 10.96% for the quarter ended December 31, 2020, and its lowest quarterly return was -19.77% for the quarter ended March 31, 2020. The maximum Class A sales charge of 5.75%, which is normally deducted when you purchase shares, is not reflected in the highest/lowest quarterly returns or in the bar chart. If this fee were included, the returns would be less than those shown. The average annual total returns in the table below do include the sales charge.

**Average annual total returns for periods ended** **December 31, 2025**

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| | | | |
|:---|:---|:---|:---|
|  | 1 year | 5 years | 10 years or<br>lifetime |
| Class A return before taxes......................... | 6.53% | 7.25% | 6.57% |
| Class A return after taxes on distributions............... | 4.33% | 5.43% | 5.09% |
| &nbsp;&nbsp;Class A return after taxes on distributions and sale of Fund <br>shares....................................... | 4.52% | 5.21% | 4.81% |
| Class C return before taxes......................... | 11.20% | 7.71% | 6.39% |
| Class R return before taxes......................... | 12.73% | 8.25% | 6.93% |
| Class R6 return before taxes (lifetime: 2/28/23–12/31/25).... | 13.35% | n/a | 12.25% |
| Institutional Class return before taxes.................. | 13.33% | 8.81% | 7.47% |
| &nbsp;&nbsp;S&P 500 Index (reflects no deduction for fees, expenses, or <br>taxes)....................................... | 17.88% | 14.42% | 14.82% |
| &nbsp;&nbsp;Bloomberg US Aggregate Index (reflects no deduction for <br>fees, expenses, or taxes)......................... | 7.30% | -0.36% | 2.01% |
| &nbsp;&nbsp;60% S&P 500<sup>®</sup> Index / 40% Bloomberg US Aggregate Index <br>(reflects no deduction for fees, expenses, or taxes)....... | 13.70% | 8.47% | 9.78% |

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Summary prospectus<br>**Nomura Wealth Builder Fund, a series of Delaware Group® Equity Funds V**<br>

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-advantaged investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

**Who manages the** **Fund?**

**Investment manager**

Delaware Management Company, a series of Nomura Investment Management Business Trust (a Delaware statutory trust)

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| | | |
|:---|:---|:---|
| **Portfolio managers** | &nbsp;&nbsp;**Title** | &nbsp;&nbsp;**Start date on the** **Fund** |
| Stefan Löwenthal, CFA | &nbsp;&nbsp;Managing Director, Chief Investment Officer of Global Multi-Asset | &nbsp;&nbsp;June 2020 |
| Jürgen Wurzer, CFA | &nbsp;&nbsp;Managing Director, Deputy Head of Global Multi-Asset | &nbsp;&nbsp;June 2020 |
| Aaron Young | &nbsp;&nbsp;Managing Director, Senior Portfolio Manager - Global Multi-Asset | &nbsp;&nbsp;March 2022 |

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**Sub-advisor**

Macquarie Investment Management Global Limited (MIMGL)

Employees of the Manager's affiliates outside the US participate in the management of certain funds as "associated persons" of the Manager under the Manager's oversight, in accordance with SEC guidance as to "participating affiliate" arrangements. These associated persons may, on behalf of the Manager, provide discretionary investment management services, trading, research and related services directly or indirectly to the Fund.

**Purchase and redemption of** **Fund shares**

You may purchase or redeem shares of the Fund on any day that the New York Stock Exchange (NYSE) is open for business (Business Day). Shares may be purchased or redeemed: through your financial intermediary; through the Fund's website at nomuraassetmanagement.com/account-access; by calling 800 523-1918; by regular mail (c/o Nomura Funds, P.O. Box 534437, Pittsburgh, PA 15253-4437); by overnight courier service (c/o Nomura Funds Service Center, Attention: 534437, 500 Ross Street, 154-0520, Pittsburgh, PA 15262); or by wire.

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For Class A and Class C shares, the minimum initial investment is generally $1,000 and subsequent investments can be made for as little as $100. The minimum initial investment for IRAs, Uniform Gifts/Transfers to Minors Act accounts, direct deposit purchase plans, and automatic investment plans is $250 and through Coverdell Education Savings Accounts is $500, and subsequent investments in these accounts can be made for as little as $25. For Class R, Institutional Class, and Class R6 shares (except those shares purchased through an automatic investment plan), there is no minimum initial purchase requirement, but certain eligibility requirements must be met. The eligibility requirements are described in this Prospectus under "Choosing a share class" and on the Fund's website. We may reduce or waive the minimums or eligibility requirements in certain cases.

Please refer to the "About your account" section of the Fund's Prospectus for more details regarding the purchase and sale of Fund shares.

**Tax information**

The Fund's distributions generally are taxable to you as ordinary income, capital gains, or some combination of both, unless you are investing through a tax-advantaged arrangement, such as a 401(k) plan or an IRA, in which case your distributions may be taxed as ordinary income when withdrawn from the tax-advantaged account.

**Payments to broker/dealers and other financial intermediaries**

If you purchase shares of the Fund through a broker/dealer or other financial intermediary (such as bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker/dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

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**SMPR-129 3/26**<br>