IBNBX — Nomura Balanced Fund
Data updated: 2026-08-26
IBNBX — Nomura Balanced Fund. United States Large Cap Blend / Core Equity · $1.96B AUM · 1.91% expense ratio. Holdings, fees, performance and SEC filings.
IBNBX Fund Overview
IBNBX — Nomura Balanced Fund is a US mutual fund managed by Ivy Funds, categorised as United States Large 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 Large Cap Blend / Core Equity
- Assets under management: $1.96B
- 1-year return: -0.4%
- Ticker: IBNBX
- SEC CIK: 0000883622
- SEC series ID: S000024823
- Share class ID: C000073855
IBNBX Investment Objective and Strategy
Nomura Balanced 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 capital appreciation and current income.
Principal investment strategy
Ivy Balanced Fund seeks to achieve its objective by investing primarily in a diversified mix of stocks, debt securities and short-term instruments, depending on market conditions. Regarding its equity investments, the Fund invests primarily in medium to large, well-established companies, most of which pay a regular dividend, although it may invest in securities issued by companies of any size. The Fund invests at least 50% of its total assets in equity securities. The Fund typically holds a limited number of stocks (generally 45 to 55), with the objective of providing potential capital appreciation and some dividend income. In addition, the Fund invests at least 30% of its total assets in debt securities with the objective of providing income and relative stability of capital. The Fund may invest in preferred stocks.
The majority of the Funds debt securities are either U.S. government securities or investment-grade corporate bonds rated BBB- or higher by S&P Global Ratings, a division of S&P Global Inc. (S&P), or comparably rated by another nationally recognized statistical rating organization (NRSRO) or, if unrated, determined by Ivy Investment Management Company (IICO), the Funds investment manager, to be of comparable quality. The Fund may invest up to 20% of its total assets in non-investment grade debt securities. The Fund has no limitations on the range of maturities of the debt securities in which it may invest. In evaluating investments for the Fund, IICO focuses on companies with resilient business models characterized by stable growth rates, strong balance sheets, attractive return profiles and strong free cash flow generation.
In so doing, IICO evaluates a companys management team, its financial position, its competitive position and the condition of its respective industry in addition to other factors. IICO utilizes financial statements, independent research by its investment management personnel, third party research, brand studies done by outside parties and other tools and processes to identify what it believes to be attractive investment opportunities with a focus on the trajectory and sustainability of a companys business model. In addition, IICOs analysis informs its view of an appropriate valuation for each potential investment. Investment opportunities typically fall into two categories: company-specific ideas which include factors such as a companys competitive positioning, production cycles, cost restructuring or a new management team; and thematic ideas where IICO considers economic or political forces, interest rate term structure variances, cyclical inflections, changes in consumer behavior or technology shifts.
In selecting equity securities for the Fund, IICO focuses on capital appreciation and follows a growth at a reasonable price investing strategy. In selecting debt securities for the Fund, IICO focuses on current income and capital preservation, and generally seeks to invest in investment-grade securities. The Fund may invest up to 25% of its total assets in foreign securities, including equity and fixed-income securities. Additionally, many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various foreign markets through investments in these companies, even if the Fund is not invested directly in such markets. Generally, in determining whether to sell a security, IICO uses the same analysis as identified above in order to determine if the security is appropriately valued or has met its anticipated price.
IICO also may sell a security if the security ceases to produce income, to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
IBNBX Holdings
Top 10 holdings of Nomura Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Scottsdale Funds | 4.49% |
| NVIDIA Corp. | 3.98% |
| Apple, Inc. | 3.35% |
| Taiwan Semiconductor Manufacturing Company Ltd. | 3.27% |
| Ishares Trust | 3.07% |
| Ishares Trust | 2.78% |
| United States Of America - Bureau Of The Public Debt | 2.58% |
| Alphabet, Inc. | 2.47% |
| Applied Materials, Inc. | 2.44% |
| Howmet Aerospace, Inc. | 2.17% |
IBNBX Portfolio Allocation
Asset-class allocation of Nomura Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 71.4% |
| Securitized | 13.7% |
| Fixed Income | 12.9% |
| Cash & Equivalents | 1.1% |
IBNBX Performance
Total returns for IBNBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.4% |
| 3 years (annualised) | -0.5% |
IBNBX Risk Information
Risk metrics for IBNBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.1%
IBNBX Costs and Fees
IBNBX costs about $191 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.91%
- Gross expense ratio: 1.91%
- Portfolio turnover: 80%
- Brokerage commissions: 1.35 bps of average net assets (SEC N-CEN)
IBNBX Cashflows
Over the 12 months to 2026-06, Nomura Balanced Fund had net inflows of $219.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$13.72M |
| 2026-05 | −$23.42M |
| 2026-04 | −$33.20M |
| 2026-03 | −$24.24M |
| 2026-02 | −$24.77M |
| 2026-01 | −$27.13M |
IBNBX Debt Constituents
Largest debt holdings of Nomura Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 2.58% |
| United States Of America - Bureau Of The Public Debt | 0.95% |
| United States Of America - Bureau Of The Public Debt | 0.55% |
| Tsmc Global Ltd. | 0.21% |
| Bank Of America Corp. | 0.15% |
| Jp Morgan Chase & Company | 0.15% |
| Goldman Sachs Group, Inc. (the) | 0.13% |
| Goldman Sachs Group, Inc. (the) | 0.13% |
| Costar Group, Inc. | 0.12% |
| Boeing Company (the) | 0.12% |
IBNBX Prospectus and SEC Filings
Official Nomura Balanced 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 Large 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.