Nomura Smid Cap Core Fund
Data updated: 2026-08-26
C000193503 — Nomura Smid Cap Core Fund. United States Mid Cap Blend / Core Equity · $395.98M AUM. Holdings, fees, performance and SEC filings.
C000193503 Fund Overview
Nomura Smid Cap Core 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: $395.98M
- SEC CIK: 0000883622
- SEC series ID: S000024831
- Share class ID: C000193503
C000193503 Investment Objective and Strategy
Nomura Smid Cap Core 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 capital appreciation.
Principal investment strategy
Ivy Small Cap Core Fund seeks to achieve its objective by investing primarily in various types of equity securities of small-capitalization companies that IICO believes have the greatest potential for capital appreciation. Under normal circumstances, at least 80% of the Funds net assets will be invested, at the time of purchase, 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 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 $51.89 million and $6.69 billion. The Fund seeks to invest in small-capitalization companies that IICO believes are undervalued relative to their potential for capital appreciation.
In selecting securities for the Fund, IICO has the flexibility to invest in growth or value companies, or both, and primarily utilizes fundamental, bottom-up (researching individual issuers) research while considering top-down (assessing the market and economic environment) and quantitative analyses. In assessing investment opportunities, IICO seeks stocks that it believes exhibit relative strength and positive identifiable catalysts, while striving to avoid stocks with low liquidity. IICO seeks companies that are showing stable or positively trending fundamentals and that possess one or more of the following attributes: capital discipline (favorable return on invested capital), a sustainable competitive advantage, seasoned management with appropriate incentives and a stable capital structure.
In addition, IICO attempts to diversify the Funds holdings among sectors, as well as among growth and value companies, in an effort to manage risk and to limit excess volatility. The Fund typically holds a limited number of stocks (generally 40 to 60). IICO typically will sell a stock when, in IICOs opinion, it reaches an acceptable price relative to its estimated potential value, its fundamental factors have changed or IICO has changed its estimated value due to business performance that is below IICOs expectations. IICO also may sell a security to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
C000193503 Holdings
Top 10 holdings of Nomura Smid Cap Core Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Semtech Corp. | 2.19% |
| Macom Technology Solutions Holdings, Inc. | 1.94% |
| Ligand Pharmaceuticals, Inc. | 1.86% |
| Casey's General Stores, Inc. | 1.82% |
| East West Bancorp, Inc. | 1.78% |
| Axsome Therapeutics, Inc. | 1.71% |
| Astera Labs, Inc. | 1.69% |
| Axis Capital Holdings Ltd. | 1.58% |
| Ally Financial, Inc. | 1.53% |
| Liberty Energy, Inc. | 1.45% |
C000193503 Portfolio Allocation
Asset-class allocation of Nomura Smid Cap Core Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 1.3% |
C000193503 Costs and Fees
C000193503 costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.19%
- Portfolio turnover: 22%
- Brokerage commissions: 1.75 bps of average net assets (SEC N-CEN)
C000193503 Cashflows
Over the 12 months to 2026-06, Nomura Smid Cap Core Fund had net outflows of $38.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$13.25M |
| 2026-05 | −$4.88M |
| 2026-04 | −$4.24M |
| 2026-03 | −$3.59M |
| 2026-02 | −$3.48M |
| 2026-01 | −$6.04M |
C000193503 Debt Constituents
No individual debt constituents are reported in Nomura Smid Cap Core Fund's latest SEC N-PORT filing.
C000193503 Prospectus and SEC Filings
Official Nomura Smid Cap Core 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.