Key features
Focusing on resilient mid cap dividend paying companies with sound capital structures
Seeking companies with the potential to grow market cap and dividends over time
Managing a concentrated, equally weighted portfolio where every holding matters
Daily pricing
as of
11/28/2025
NAV 1-day net change
0.07
Total net assets
as of
10/31/2025
All share classes
$822.7 million
Overview
| Fund identifiers |
| NASDAQ |
IVOIX |
| CUSIP |
46600B409 |
Benchmark and peer group
Portfolio
Download top holdings report
Market cap (median) Source: FactSet
$19.5 billion
Market cap (weighted average) Source: FactSet
$25.1 billion
Portfolio turnover (last fiscal year)
27%
Cash, cash equivalents and other assets
-2.4%
Values in excess of 100% and negative values may appear as the result of certain assets and liabilities. See the Fund's prospectus for securities in which the Fund would typically invest.
Top 10 holdings
as of 10/31/2025
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
SERVICE CORPORATION INTERNATIONAL
3.17
AVERY DENNISON CORPORATION
3.06
L3HARRIS TECHNOLOGIES INC
3.04
Total % Portfolio in Top 10 holdings - 31.93%
Sector allocation
as of 10/31/2025
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Consumer discretionary
23.2%
Information technology
12.0%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)
1If a Fund makes a distribution from any source other than net income, it is required to
provide shareholders with a notice disclosing the source of such distribution (each a "Notice"). The
amounts and sources of distributions reported above and in each Notice are only estimates and are not
provided for tax reporting purposes. Each Fund will send each shareholder a Form 1099 DIV for the
calendar year that will provide definitive information on how to report the Fund's distributions for
federal income tax purposes. The information in the table above will not be updated to reflect any
subsequent recharacterization of dividends and distributions. Click here to see recent
Notices pertaining to the Fund (if any).
2Information on return of capital distributions (if any) is only provided from June 1, 2014 onward.
3Includes both short- and long-term capital gains.
Management
Kimberly Scott, CFA
-
Senior Portfolio Manager
-
Start date on the Fund:
October 2014
-
Years of industry experience:
38
-
Read bio
Kimberly Scott
Senior Portfolio Manager
Kim is a Senior Portfolio Manager and Team Lead for the US Mid Cap Equities Team at Nomura Asset Management International, where she is responsible for making day-to-day investment decisions for the team’s strategy. She joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025.
Previously, Kim was a Portfolio Manager at Macquarie Asset Management and, before that, at Ivy Investments (which was acquired by Macquarie in 2021) since 2002. She joined Ivy Investments as an Investment Analyst in 1999.
She earned a Bachelor of Science in microbiology from the University of Kansas and earned a Master of Business Administration from the University of Cincinnati. Kim holds the Chartered Financial Analyst® designation.
Bradley Halverson, CFA
-
Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
23
-
Read bio
Bradley Halverson
Senior Portfolio Manager
Brad is a Senior Portfolio Manager for the US Mid Cap Equities Team at Nomura Asset Management International, a role he first assumed in November 2021 with Macquarie Asset Management. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. Brad is responsible for making day-to-day investment decisions for the team’s strategy.
Previously, Brad had been a Portfolio Manager at Ivy Investments (which was acquired by Macquarie in 2021) since 2016. He joined Ivy Investments in 2008 as an Investment Analyst.
Brad earned a Bachelor of Science and a Master of Science in accounting from Brigham Young University and a Master of Business Administration with an emphasis in finance and corporate strategy from the University of Michigan. Brad holds the Chartered Financial Analyst® designation.
Fees
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 table 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. 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 |
| Maximum sales charge (load) imposed on purchases as a percentage of offering price |
none |
| Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower |
none |
| Annual fund operating expenses |
| Management fees |
0.85% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.17% |
| Total annual fund operating expenses |
1.02% |
| Fee waivers and expense reimbursements1 |
(0.19%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements |
0.83% |
1Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from July 31, 2025 through July 30, 2026. Please see the fee table in the Fund's prospectus for more information.
Institutional Class shares are available only to certain investors.
Please see the prospectus and SAI for additional information.
Resources
Fact sheet and commentaries
Shareholder report – Annual
Shareholder report – Semi-annual