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  • NOMURA FUNDS IRELAND PLC

    Interim Report and Unaudited Financial Statements

    for the financial half year ended 30th June, 2017

    Company Registration No. 418598

  • NOMURA FUNDS IRELAND PLC

    1

    TABLE OF CONTENTS

    Page

    MANAGEMENT AND ADMINISTRATION 3

    GENERAL INFORMATION 4

    INVESTMENT MANAGERS REPORT 17

    NOMURA FUNDS IRELAND - INDIA EQUITY FUND 17

    NOMURA FUNDS IRELAND - JAPAN STRATEGIC VALUE FUND 19

    NOMURA FUNDS IRELAND - US HIGH YIELD BOND FUND 22

    NOMURA FUNDS IRELAND - ASIAN SMALLER COMPANIES FUND 24

    NOMURA FUNDS IRELAND - JAPAN HIGH CONVICTION FUND 26

    NOMURA FUNDS IRELAND - ASIA EX JAPAN HIGH CONVICTION FUND 28

    NOMURA FUNDS IRELAND - GLOBAL HIGH YIELD BOND FUND 30

    NOMURA FUNDS IRELAND - DIVERSIFIED GROWTH FUND 32

    NOMURA FUNDS IRELAND - GLOBAL DYNAMIC BOND FUND 34

    NOMURA FUNDS IRELAND - EMERGING MARKET LOCAL CURRENCY DEBT FUND 35

    NOMURA FUNDS IRELAND - ASIA HIGH YIELD BOND FUND 36

    NOMURA FUNDS IRELAND - ASIA HIGH DIVIDEND FUND 37

    NOMURA FUNDS IRELAND - ASIA INVESTMENT GRADE BOND FUND 38

    NOMURA FUNDS IRELAND - CHINA FUND 40

    NOMURA FUNDS IRELAND - GLOBAL HIGH CONVICTION FUND 42

    NOMURA FUNDS IRELAND - SELECT US HIGH YIELD BOND FUND 43

    STATEMENT OF FINANCIAL POSITION 45

    STATEMENT OF COMPREHENSIVE INCOME 52

    STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING

    SHARES 59

    STATEMENT OF CASH FLOWS 66

    NOTES TO THE FINANCIAL STATEMENTS 76

    STATEMENTS OF INVESTMENTS 134

    NOMURA FUNDS IRELAND - INDIA EQUITY FUND 134

    NOMURA FUNDS IRELAND - FUNDAMENTAL INDEX GLOBAL EQUITY FUND 136

    NOMURA FUNDS IRELAND - JAPAN STRATEGIC VALUE FUND 137

    NOMURA FUNDS IRELAND - US HIGH YIELD BOND FUND 142

    NOMURA FUNDS IRELAND - ASIAN SMALLER COMPANIES FUND 169

    NOMURA FUNDS IRELAND - JAPAN HIGH CONVICTION FUND 172

    NOMURA FUNDS IRELAND - ASIA EX JAPAN HIGH CONVICTION FUND 174

    NOMURA FUNDS IRELAND - GLOBAL HIGH YIELD BOND FUND 176

    NOMURA FUNDS IRELAND - DIVERSIFIED GROWTH FUND 196

    NOMURA FUNDS IRELAND - GLOBAL DYNAMIC BOND FUND 199

    NOMURA FUNDS IRELAND - EMERGING MARKET LOCAL CURRENCY DEBT FUND 208

  • NOMURA FUNDS IRELAND PLC

    2

    TABLE OF CONTENTS (CONTINUED)

    Page

    NOMURA FUNDS IRELAND - ASIA HIGH YIELD BOND FUND 211

    NOMURA FUNDS IRELAND - ASIA HIGH DIVIDEND FUND 215

    NOMURA FUNDS IRELAND - ASIA INVESTMENT GRADE BOND FUND 221

    NOMURA FUNDS IRELAND - CHINA FUND 225

    NOMURA FUNDS IRELAND - GLOBAL HIGH CONVICTION FUND 228

    NOMURA FUNDS IRELAND - SELECT US HIGH YIELD BOND FUND 231

    STATEMENT OF CHANGES IN THE PORTFOLIO 238

    NOMURA FUNDS IRELAND - INDIA EQUITY FUND 238

    NOMURA FUNDS IRELAND - FUNDAMENTAL INDEX GLOBAL EQUITY FUND 240

    NOMURA FUNDS IRELAND - JAPAN STRATEGIC VALUE FUND 242

    NOMURA FUNDS IRELAND - US HIGH YIELD BOND FUND 244

    NOMURA FUNDS IRELAND - ASIAN SMALLER COMPANIES FUND 246

    NOMURA FUNDS IRELAND - JAPAN HIGH CONVICTION FUND 248

    NOMURA FUNDS IRELAND - ASIA EX JAPAN HIGH CONVICTION FUND 250

    NOMURA FUNDS IRELAND - GLOBAL HIGH YIELD BOND FUND 252

    NOMURA FUNDS IRELAND - GLOBAL FRONTIER EMERGING MARKET EQUITY FUND 254

    NOMURA FUNDS IRELAND - DIVERSIFIED GROWTH FUND 256

    NOMURA FUNDS IRELAND - GLOBAL DYNAMIC BOND FUND 258

    NOMURA FUNDS IRELAND - EMERGING MARKET LOCAL CURRENCY DEBT FUND 260

    NOMURA FUNDS IRELAND - ASIA HIGH YIELD BOND FUND 262

    NOMURA FUNDS IRELAND - ASIA HIGH DIVIDEND FUND 264

    NOMURA FUNDS IRELAND - ASIA INVESTMENT GRADE BOND FUND 266

    NOMURA FUNDS IRELAND - CHINA FUND 268

    NOMURA FUNDS IRELAND - GLOBAL HIGH CONVICTION FUND 270

    NOMURA FUNDS IRELAND - SELECT US HIGH YIELD BOND FUND 272

    APPENDIX 1 SECURITIES FINANCING TRANSACTIONS REGULATION 274

  • NOMURA FUNDS IRELAND PLC

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    MANAGEMENT AND ADMINISTRATION

    DIRECTORS David Dillon Irish

    John Walley Irish1

    James Tucker British

    Richard Bisson British (Chairman) Yoshikazu Chono Japanese

    Akihiro Watanabe Japanese

    1 Independent Non-Executive Director.

    ADMINISTRATOR

    Brown Brothers Harriman Fund Administration

    Services (Ireland) Limited

    30 Herbert Street Dublin 2

    Ireland

    REGISTERED OFFICE OF THE COMPANY

    33 Sir John Rogersons Quay

    Dublin 2

    Ireland

    COMPANY SECRETARY Tudor Trust Limited

    33 Sir John Rogersons Quay

    Dublin 2

    Ireland

    DEPOSITARY

    Brown Brothers Harriman Trustee Services (Ireland) Limited

    30 Herbert Street Dublin 2

    Ireland

    DISTRIBUTOR

    Nomura Asset Management U.K. Limited

    Nomura House 1 Angel Lane

    London EC4R 3AB

    England

    AUDITORS

    EY Block 1

    Harcourt Centre

    Harcourt Street

    Dublin 2 Ireland

    LEGAL ADVISERS

    Dillon Eustace

    33 Sir John Rogersons Quay

    Dublin 2 Ireland

    INVESTMENT MANAGER

    Nomura Asset Management U.K. Limited

    Nomura House 1 Angel Lane

    London EC4R 3AB

    England

    SUB-INVESTMENT MANAGER

    Nomura Asset Management Hong Kong Limited

    32nd Floor, Two International Finance Centre 8 Finance Street

    Central, Hong Kong

    SUB-INVESTMENT MANAGER

    Nomura Asset Management Co. Ltd

    1-12-1, Nihonbashi Chuo-Ku

    Tokyo 103-8260

    Japan

    SUB-INVESTMENT MANAGER

    Nomura Asset Management Singapore Limited

    10 Marina Boulevard Marina Bay Financial Centre Tower 2

    33-03 Singapore 018983

    Singapore

    SUB-INVESTMENT MANAGER

    Nomura Corporate Research and Asset Management Inc.

    Worldwide Plaza

    309 West 49th Street New York, NY 10019-7316

    United States of America

    SUB-INVESTMENT MANAGER

    Nomura Asset Management Deutschland KAG mbH

    109 Grfstrasse

    60487 Frankfurt am Main

    Germany

  • NOMURA FUNDS IRELAND PLC

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    GENERAL INFORMATION

    Nomura Funds Ireland Plc (the Fund) is structured as an open-ended umbrella investment company with variable capital, incorporated under the laws of Ireland on 13th April, 2006 as a public limited company pursuant to the Companies Act 2014. The

    Fund has been authorised by the Central Bank of Ireland (the Central Bank) pursuant to the Central Bank (Supervision and

    Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015 (the

    Central Bank UCITS Regulations). The Fund commenced operations on 18th December, 2006.

    At the period end, there were redeemable participating shares of sixteen sub-funds in issue, the Nomura Funds Ireland - India

    Equity Fund, the Nomura Funds Ireland - Japan Strategic Value Fund, the Nomura Funds Ireland - US High Yield Bond Fund, the Nomura Funds Ireland - Asian Smaller Companies Fund, the Nomura Funds Ireland - Japan High Conviction Fund, the Nomura

    Funds Ireland - Asia Ex Japan High Conviction Fund, the Nomura Funds Ireland - Global High Yield Bond Fund, the Nomura

    Funds Ireland - Diversified Growth Fund, the Nomura Funds Ireland - Global Dynamic Bond Fund, the Nomura Funds Ireland -

    Emerging Market Local Currency Debt Fund, the Nomura Funds Ireland - Asia High Yield Bond Fund, the Nomura Funds

    Ireland - Asia High Dividend Fund, the Nomura Funds Ireland - Asia Investment Grade Bond Fund, the Nomura Funds Ireland -

    China Fund, the Nomura Funds Ireland - Global High Conviction Fund and the Nomura Funds Ireland - Select US High Yield

    Bond Fund (the Sub-Funds). The Fund has segregated liability between its Sub-Funds and accordingly any liability incurred on

    behalf of or attributable to any Sub-Fund shall be discharged solely out of the assets of that Sub-Fund. The Fund had in issue the

    following share classes in each of the Sub-Funds at the financial period end:

    Sub-Fund Share Class Currency Launch Date Launch Price

    Nomura Funds Ireland - India Equity Fund

    Class A Euro EUR 16th November, 2011 EUR 100

    Class A US$ USD 11th May, 2017 USD 100

    Class I US$ USD 1st March, 2017 USD 100

    Class S JPY JPY 12th March, 2010 JPY 10,000

    Class Z US$ USD 12th January, 2007 INR 10,000

    Nomura Funds Ireland - Japan Strategic Value Fund

    Class A Euro EUR 16th November, 2011 EUR 100

    Class A Euro Hedged EUR 15th May, 2013 EUR 100

    Class A JPY JPY 4th January, 2010 JPY 10,000

    Class A US$ USD 10th November, 2011 USD 100

    Class A US$ Hedged USD 30th December, 2013 USD 100

    Class AD Euro Hedged EUR 9th March, 2016 EUR 100

    Class AD Sterling GBP 6th March, 2014 GBP 100

    Class I Euro EUR 14th February, 2011 EUR 100

    Class I Euro Hedged EUR 13th April, 2012 EUR 100

    Class I JPY JPY 26th August, 2009 JPY 10,000

    Class I Sterling GBP 25th March, 2010 GBP 100

    Class I Sterling Hedged GBP 8th September, 2015 GBP 100

    Class I US$ USD 30th December, 2013 USD 100

    Class I US$ Hedged USD 10th April, 2013 USD 100

    Class ID Euro EUR 19th February, 2015 EUR 100

    Class ID Euro Hedged EUR 17th December, 2015 EUR 100

    Class ID Sterling GBP 6th March, 2014 GBP 100

    Class ID Sterling Hedged GBP 6th March, 2014 GBP 100

    Class ID US$ USD 2nd May, 2014 USD 100

    Class ID US$ Hedged USD 2nd May, 2014 USD 100

    Class R Euro EUR 11th July, 2016 EUR 100

    Class R Euro Hedged EUR 20th October, 2015 EUR 100

    Class R JPY JPY 20th October, 2015 JPY 10,000

  • NOMURA FUNDS IRELAND PLC

    5

    GENERAL INFORMATION (CONTINUED