Mid Cap Growth
Data updated: 2026-08-24
C000190647 — Mid Cap Growth. United States Mid Cap Growth Equity · $377.35M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
C000190647 Fund Overview
Mid Cap Growth is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as United States Mid Cap Growth 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 Variable Insurance Portfolios
- Category: United States Mid Cap Growth Equity
- Assets under management: $377.35M
- 1-year return: 4.1%
- SEC CIK: 0000810016
- SEC series ID: S000006228
- Share class ID: C000190647
C000190647 Investment Objective and Strategy
Mid Cap Growth describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.
Investment objective
Nomura VIP Mid Cap Growth Series seeks to provide growth of capital.
Principal investment strategy
Nomura VIP Mid Cap Growth Series seeks to achieve its objective by investing primarily in common stocks of mid-capitalization companies that the Manager believes are high quality and/or offer above-average growth potential. Under normal circumstances, the Series invests at least 80% of its net assets in the securities of mid-capitalization companies, which, for purposes of this Series, typically are companies with market capitalizations similar to those of issuers included in the Russell Midcap Growth Index over the last 13 months at the time of acquisition. As of June 30, 2025, this range of market capitalizations was between approximately $831 million and $89.2 billion. In selecting securities for the Series, the Manager primarily emphasizes a bottom-up (researching individual issuers) approach and focuses on companies it believes have the potential for strong growth, increasing profitability, stable and sustainable revenue and earnings streams, attractive valuations and sound capital structures.
The Manager may look at a number of factors in its consideration of a company, such as: new or innovative products or services; adaptive or creative management; strong financial and operational capabilities to sustain multi-year growth; stable and consistent revenue, earnings, and cash flow; strong balance sheet; market potential; and profit potential. Part of the Managers 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. Generally, in determining whether to sell a security, the Manager considers many factors, including what it believes to be excessive valuation given company growth prospects, deterioration of fundamentals, weak cash flow to support shareholder returns, and unexpected and poorly explained management changes.
The Manager also may sell a security to reduce the Series holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
C000190647 Holdings
Top 10 holdings of Mid Cap Growth by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Cloudflare, Inc. | 3.58% |
| Monolithic Power Systems, Inc. | 3.35% |
| Idexx Laboratories, Inc. | 3.33% |
| Snowflake, Inc. | 2.80% |
| Fastenal Company | 2.54% |
| Sterling Infrastructure, Inc. | 2.48% |
| Datadog, Inc. | 2.46% |
| Bio-Techne Corp. | 2.46% |
| Edwards Lifesciences Corp. | 2.45% |
| Novanta, Inc. | 2.34% |
C000190647 Portfolio Allocation
Asset-class allocation of Mid Cap Growth by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.9% |
| Cash & Equivalents | 2.2% |
C000190647 Performance
Total returns for C000190647 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.9% |
| 1 year | 4.1% |
| 3 years (annualised) | 3.4% |
| 5 years (annualised) | -1.9% |
C000190647 Risk Information
Risk metrics for C000190647, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.8%
C000190647 Costs and Fees
C000190647 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.92%
- Portfolio turnover: 52%
- Brokerage commissions: 2.43 bps of average net assets (SEC N-CEN)
C000190647 Cashflows
Over the 12 months to 2026-06, Mid Cap Growth had net outflows of $27.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.82M |
| 2026-05 | −$2.62M |
| 2026-04 | $3.76M |
| 2026-03 | −$3.93M |
| 2026-02 | −$2.89M |
| 2026-01 | −$2.28M |
C000190647 Debt Constituents
No individual debt constituents are reported in Mid Cap Growth's latest SEC N-PORT filing.
C000190647 Prospectus and SEC Filings
Official Mid Cap Growth filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Mid Cap Growth 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.