Nomura Small Cap Growth Fund
Data updated: 2026-08-26
C000193498 — Nomura Small Cap Growth Fund. United States Small Cap Growth Equity · $1.17B AUM. Holdings, fees, performance and SEC filings.
C000193498 Fund Overview
Nomura Small Cap Growth Fund is a US mutual fund managed by Ivy Funds, categorised as United States Small 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 Funds
- Category: United States Small Cap Growth Equity
- Assets under management: $1.17B
- SEC CIK: 0000883622
- SEC series ID: S000006286
- Share class ID: C000193498
C000193498 Investment Objective and Strategy
Nomura Small Cap Growth 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 growth of capital.
Principal investment strategy
Ivy Small Cap Growth Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in common stocks of small-capitalization companies. For purposes of this Fund, small-capitalization companies typically are companies with market capitalizations within the range of companies in the Russell 2000 Growth 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 $51.88 million and $6.69 billion. The Fund emphasizes smaller companies positioned in new or emerging industries where IICO believes there is opportunity for higher growth than in established companies or industries. The Funds investments in equity securities may include common stocks that are offered in initial public offerings (IPOs).
IICO utilizes a bottom-up (researching individual issuers) stock-picking process that considers quality of management and superior financial characteristics (e.g., return on assets, return on equity, operating margin) in its search for companies, thereby focusing on what it believes are higher-quality companies. IICO seeks companies that it believes exhibit successful and scalable business models by having one or more of the following characteristics: a company that is a leader in its industry and that possesses an identifiable competitive advantage; that features the involvement of the founder; that demonstrates a strong commitment to shareholders; that is serving a large and/or fast-growing market opportunity; that is experiencing a growth in earnings, growth in revenue and sales and/or positive cash flows; that is increasing market share and/or creating increasing barriers to entry; or that emphasizes organic growth.
IICO believes that such companies generally have a replicable business model that allows for sustained growth. Generally, in determining whether to sell a security, IICO uses the same type of analysis that it uses in buying securities. For example, IICO may sell a security if it believes that the stock no longer offers significant growth potential, which may be due to a change in the business or management of the company or a change in the industry or sector of the company. IICO also may sell a security to reduce the Funds holding in that security, if it loses confidence in the management of the company, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
C000193498 Holdings
Top 10 holdings of Nomura Small Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mirum Pharmaceuticals, Inc. | 2.34% |
| Pricesmart, Inc. | 2.23% |
| Digitalocean Holdings, Inc. | 2.17% |
| Firstcash Holdings, Inc. | 2.12% |
| Kontoor Brands, Inc. | 2.08% |
| Agilysys, Inc. | 1.99% |
| Adaptive Biotechnologies Corp. | 1.99% |
| Advanced Energy Industries, Inc. | 1.97% |
| Encompass Health Corp. | 1.96% |
| A10 Networks, Inc. | 1.93% |
C000193498 Portfolio Allocation
Asset-class allocation of Nomura Small Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.9% |
| Cash & Equivalents | 1.2% |
C000193498 Costs and Fees
C000193498 costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 1.14%
- Portfolio turnover: 62%
- Brokerage commissions: 6.75 bps of average net assets (SEC N-CEN)
C000193498 Cashflows
Over the 12 months to 2026-06, Nomura Small Cap Growth Fund had net outflows of $110.81M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$17.10M |
| 2026-05 | −$19.84M |
| 2026-04 | −$13.62M |
| 2026-03 | −$17.31M |
| 2026-02 | −$16.69M |
| 2026-01 | −$24.20M |
C000193498 Debt Constituents
No individual debt constituents are reported in Nomura Small Cap Growth Fund's latest SEC N-PORT filing.
C000193498 Prospectus and SEC Filings
Official Nomura Small Cap Growth 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 Small 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.