Group 1: Macquarie Core Equity Fund Performance - The Macquarie Core Equity Fund's Institutional Class returned 11.94% in Q2 2025, outperforming the S&P 500 Index which rose 10.94% [1] - The strong performance was primarily driven by sector selection (80% of relative performance) and individual security selection [1] Group 2: Fiserv, Inc. Overview - Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider, with a market capitalization of $72.227 billion as of September 18, 2025 [2] - The stock experienced a one-month return of -4.88% and a 52-week decline of 25.19% [2] Group 3: Fiserv, Inc. Performance Analysis - Fiserv's shares declined in Q2 2025 due to a slowdown in its Clover business, which provides payment terminals for various business sizes [3] - The company reported an 8% growth in adjusted revenue, reaching $5.2 billion in Q2 2025 [4] - Despite the recent challenges, the company is viewed as a potentially strong investment in the long term, particularly in the digital payments and software sector [3]