Nomura Mid Cap Income Opportunities Fund
Data updated: 2026-08-26
C000146477 — Nomura Mid Cap Income Opportunities Fund. United States Mid Cap Blend / Core Equity · $716.40M AUM. Holdings, fees, performance and SEC filings.
C000146477 Fund Overview
Nomura Mid Cap Income Opportunities Fund is a US mutual fund managed by Ivy Funds, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ivy Funds
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $716.40M
- SEC CIK: 0000883622
- SEC series ID: S000046881
- Share class ID: C000146477
C000146477 Investment Objective and Strategy
Nomura Mid Cap Income Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Funds.
Investment objective
To seek to provide total return through a combination of current income and capital appreciation.
Principal investment strategy
Ivy Mid Cap Income Opportunities Fund seeks to achieve its objective by investing primarily in a diversified portfolio of income-producing common stocks of mid-capitalization companies that IICO believes demonstrate favorable prospects for total return. Under normal circumstances, the Fund invests at least 80% of its net assets in the securities of mid-capitalization companies, which, for purposes of this Fund, typically are companies with market capitalizations within the range of companies in the Russell Midcap Index at the time of acquisition. As of June 30, 2018 (the quarter-end closest to the indexs rebalance), this range of market capitalizations was between approximately $2.29 billion and $35.58 billion. The Fund focuses primarily on mid-capitalization companies that IICO believes have the ability to sustain, and potentially increase, dividends while providing capital appreciation over the long-term.
The Fund also may invest, to a lesser extent, in companies that pay other types of income to shareholders, including return of capital. In selecting securities for the Fund, IICO primarily emphasizes a bottom-up (researching individual issuers) approach and may look at a number of factors in its consideration of a company, such as: competitive and sustainable dividend yield; potential growth in dividends; strong financial and operational capabilities; stable and consistent revenue, earnings, and cash flow; a sound balance sheet; market potential; profit potential and a proven track record of, or the potential for, returning capital to shareholders. Part of IICOs investment process also includes a review of the macroeconomic environment, with a focus on factors such as interest rates, inflation, consumer confidence and corporate spending.
The Fund typically will hold a limited number of stocks (generally 35 to 50). The Fund will emphasize investments in dividend-paying and other income-producing securities to seek to provide a steady return. The Funds portfolio holdings generally will be of approximate equal weight, but IICO may adjust the weighting depending upon market conditions, for investment opportunities, or when IICO adds or divests certain positions. IICO intends to re-balance the Funds portfolio holdings at least quarterly in an effort to maintain an approximate equal weighting. Generally, in determining whether to sell a security, IICO uses the same type of analysis that it uses in buying securities of that type. For example, IICO may sell a security if it believes the security is no longer able to pay a dividend in the future, no longer offers attractive current income prospects or significant growth potential or if there have been changes in economic or market factors in general or with respect to a particular industry or sector, changes in the market trends or other factors affecting an individual security.
IICO also may sell a security to rebalance the portfolio, to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
C000146477 Holdings
Top 10 holdings of Nomura Mid Cap Income Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Arthur J. Gallagher & Company | 3.03% |
| First American Financial Corp. | 2.95% |
| Service Corporation International | 2.95% |
| Sonoco Products Company | 2.92% |
| Nvent Electric PLC | 2.91% |
| Quest Diagnostics, Inc. | 2.91% |
| Microchip Technology, Inc. | 2.90% |
| Royalty Pharma PLC | 2.89% |
| Paychex, Inc. | 2.89% |
| Fastenal Company | 2.88% |
C000146477 Portfolio Allocation
Asset-class allocation of Nomura Mid Cap Income Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.9% |
C000146477 Costs and Fees
C000146477 costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.18%
- Portfolio turnover: 22%
- Brokerage commissions: 3.87 bps of average net assets (SEC N-CEN)
C000146477 Cashflows
Over the 12 months to 2026-03, Nomura Mid Cap Income Opportunities Fund had net outflows of $188.90M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$11.95M |
| 2026-02 | −$14.09M |
| 2026-01 | −$22.04M |
| 2025-12 | $62.40M |
| 2025-11 | −$48.67M |
| 2025-10 | −$23.76M |
C000146477 Debt Constituents
No individual debt constituents are reported in Nomura Mid Cap Income Opportunities Fund's latest SEC N-PORT filing.
C000146477 Prospectus and SEC Filings
Official Nomura Mid Cap Income Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus supplement (497) — filed 2024-08-02
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-12
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.