ICEIX Performance — Nomura International Core Equity Fund, Institutional Class
Data updated: 2026-08-26
ICEIX returned +9.87% year to date and +12.87% over one year to Jun 2026. Annualised returns are +14.23% over 3 years and +7.13% over 5 years. The fund trailed its International Mid-Cap Blend category average: $100 invested three years ago grew to $149, against $156 for the category, and to $113 over one year, against $118. Volatility over the past three years was 13.33% a year. In the 12 months to Jun 2026 the fund lost a net $232.8M, and assets reached $1.37B.
ICEIX Growth of $100
What $100 invested in Nomura International Core Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Mid-Cap Blend category average over the same months.
| Period | ICEIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $113 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $149 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $141 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $142 | $188 |
ICEIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.87% |
| 1 year | +12.87% |
| 3 years (annualised) | +14.23% |
| 5 years (annualised) | +7.13% |
ICEIX Annual Returns
Calendar-year total returns of Nomura International Core Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.87% |
| 2025 | +24.31% |
| 2024 | +3.93% |
| 2023 | +17.04% |
| 2022 | −15.07% |
| 2021 | +0.14% |
| 2020 | +0.11% |
| 2019 (Jul–Dec) | +0.06% |
ICEIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.8% | +0.7% | −10.5% | +9.8% | +3.8% | +3.2% | — | — | — | — | — | — |
| 2025 | +5.5% | +2.7% | −1.2% | +3.2% | +5.5% | +3.9% | −2.7% | +2.6% | +1.4% | +0.7% | −0.9% | +1.8% |
| 2024 | −1.2% | +3.5% | +3.6% | −3.0% | +4.7% | −1.5% | +0.9% | +3.3% | +0.1% | −3.8% | −0.1% | −2.2% |
| 2023 | +9.2% | −2.3% | +1.4% | +1.7% | −3.8% | +5.3% | +3.6% | −3.6% | −2.1% | −3.6% | +8.0% | +3.3% |
| 2022 | −1.5% | −4.9% | −1.7% | −6.3% | +3.6% | −8.5% | +2.8% | −3.9% | −11.1% | +4.5% | +14.2% | −0.8% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | +0.1% |
| 2020 | 0.0% | −0.1% | −0.2% | +0.1% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.2% | 0.0% |
| 2019 | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
ICEIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.33%
- 3-year Sharpe ratio: 0.73 (vs 4.5% risk-free rate)
- Best month: +9.80% (Apr 2026)
- Worst month: −10.53% (Mar 2026)
ICEIX Fund Flows
Monthly money in and out of Nomura International Core Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$232.8M
- 12-month gross sales (incl. reinvestments): $290.8M
- Sales ÷ redemptions: 0.56×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6.3M | $27.7M | −$21.4M |
| May 2026 | $15.7M | $26.6M | −$10.9M |
| Apr 2026 | $7.5M | $26.0M | −$18.6M |
| Mar 2026 | $14.5M | $44.9M | −$30.4M |
| Feb 2026 | $10.0M | $27.1M | −$17.1M |
| Jan 2026 | $12.2M | $37.7M | −$25.5M |
| Dec 2025 | $161.0M | $59.6M | $101.3M |
| Nov 2025 | $12.2M | $52.3M | −$40.1M |
| Oct 2025 | $10.1M | $37.1M | −$27.0M |
| Sep 2025 | $9.5M | $25.4M | −$15.9M |
| Aug 2025 | $8.7M | $123.2M | −$114.5M |
| Jul 2025 | $23.2M | $36.0M | −$12.8M |
ICEIX Assets Under Management
Net assets of Nomura International Core Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.37B |
| 2026-03-31 | $1.21B |
| 2025-12-31 | $1.37B |
| 2025-09-30 | $1.46B |
| 2025-06-30 | $1.59B |
| 2025-03-31 | $1.44B |
| 2024-12-31 | $1.44B |
| 2024-09-30 | $1.62B |
| 2024-06-28 | $1.58B |
| 2024-03-28 | $1.33B |
| 2023-12-29 | $1.32B |
| 2023-09-29 | $1.29B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.