International Core Equity
Data updated: 2026-08-24
C000246484 — International Core Equity. Developed ex-US Mid Cap Blend / Core Equity · $766.11M AUM. Holdings, fees, performance and SEC filings.
C000246484 Fund Overview
International Core Equity is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as Developed ex-US 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 Variable Insurance Portfolios
- Category: Developed ex-US Mid Cap Blend / Core Equity
- Assets under management: $766.11M
- 1-year return: 12.8%
- SEC CIK: 0000810016
- SEC series ID: S000006225
- Share class ID: C000246484
C000246484 Investment Objective and Strategy
International Core Equity describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.
Investment objective
Nomura VIP International Core Equity Series seeks to provide capital growth and appreciation.
Principal investment strategy
Nomura VIP International Core Equity Series seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities. The Series will invest primarily in common stocks of non-U.S. companies, which may include companies located or operating in developed or emerging markets. The Series investment in emerging market companies will not exceed the greater of (a) 35% of the Series net assets or (b) the weight of emerging markets in the Series benchmark index, the MSCI ACWI ex USA Index. The Series also may invest in depositary receipts of foreign issuers. The Manager believes that there are often dislocations and valuation discrepancies in the international financial markets and, therefore, it seeks to find and invest in what it believes are mispriced countries, sectors, currencies and, ultimately, stocks with attractive valuations relative to their potential and to their global peer group.
The Manager uses a disciplined approach while looking for investment opportunities around the world, preferring companies that it believes to have strong and growing competitive positions and reasonable valuations. The Manager begins its investment process through bottom-up fundamental analysis with a global perspective which is built by constantly assessing developments in the global landscape, business and product cycles, relative valuations and an awareness of politics around the world. The Manager follows a bottom-up approach to its stock selection and evaluates individual companies based on various factors, including: free cash flow, sales growth, financial leverage, and return on invested capital along with various valuation metrics. The Manager uses various data and screening services as part of its stock-selection process, primarily to assess return on invested capital and relative valuation.
Although the Series primarily invests in securities issued by large-capitalization companies (typically, companies with capitalizations of at least $10 billion at the time of acquisition), it may invest in securities issued by companies of any size. The Series may invest up to 100% of its total assets in foreign securities. In an effort to manage foreign currency exposure, the Series may use forward contracts to either increase or decrease exposure to a given currency. Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities of that type. For example, the Manager may sell a security if it believes the security no longer offers significant return potential, if there exists political or economic instability in the issuers country, if it believes the security is showing signs of deteriorating fundamentals, if there is weak cash flow to support shareholder returns, and/or if there is a change in the Managers macroeconomic perspective.
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.
C000246484 Holdings
Top 10 holdings of International Core Equity by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. | 9.20% |
| Samsung Electronics Co. Ltd. | 4.08% |
| Asml Holding NV | 4.07% |
| Ing Groep NV | 3.38% |
| Daikin Industries Ltd. | 3.33% |
| Sk Hynix, Inc. | 3.25% |
| Smc Corp. (jp) | 3.16% |
| Banco Bilbao Vizcaya Argentaria SA | 3.14% |
| Mitsubishi Ufj Financial Group, Inc. | 3.01% |
| Barclays PLC | 2.94% |
C000246484 Portfolio Allocation
Asset-class allocation of International Core Equity by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 1.7% |
C000246484 Performance
Total returns for C000246484 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.6% |
| 1 year | 12.8% |
| 3 years (annualised) | 13.9% |
C000246484 Risk Information
Risk metrics for C000246484, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.6%
C000246484 Costs and Fees
C000246484 costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.93%
- Portfolio turnover: 90%
- Brokerage commissions: 15.30 bps of average net assets (SEC N-CEN)
C000246484 Cashflows
Over the 12 months to 2026-06, International Core Equity had net outflows of $46.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$20.31M |
| 2026-05 | $75.26M |
| 2026-04 | −$2.22M |
| 2026-03 | −$7.74M |
| 2026-02 | −$7.03M |
| 2026-01 | −$15.81M |
C000246484 Debt Constituents
No individual debt constituents are reported in International Core Equity's latest SEC N-PORT filing.
C000246484 Prospectus and SEC Filings
Official International Core Equity 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 Developed ex-US 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.