IGNEX — Nomura Natural Resources Fund
Data updated: 2026-08-26
IGNEX — Nomura Natural Resources Fund. Global (incl. US) Mid Cap Blend / Core Equity · $228.30M AUM. Holdings, fees, performance and SEC filings.
IGNEX Fund Overview
IGNEX — Nomura Natural Resources Fund is a US mutual fund managed by Ivy Funds, categorised as Global (incl. 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 Funds
- Category: Global (incl. US) Mid Cap Blend / Core Equity
- Assets under management: $228.30M
- 1-year return: 25.4%
- Ticker: IGNEX
- SEC CIK: 0000883622
- SEC series ID: S000024838
- Share class ID: C000073945
IGNEX Investment Objective and Strategy
Nomura Natural Resources 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 growth and appreciation.
Principal investment strategy
Ivy Natural Resources Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies with operations throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies. For these purposes, natural resources generally includes, but is not limited to: energy (such as electricity and gas utilities, producers/developers, equipment/services, storage/transportation, gas/oil refining and marketing, service/drilling, pipelines and master limited partnerships (MLPs)), alternative energy (such as uranium, coal, nuclear, hydrogen, wind, solar, fuel cells), industrial products (such as building materials, cement, packaging, chemicals, materials infrastructure, supporting transport and machinery), forest products (such as lumber, plywood, pulp, paper, newsprint, tissue), base metals (such as aluminum, copper, nickel, zinc, iron ore and steel), precious metals and minerals (such as gold, silver, platinum, diamonds), and agricultural products (grains and other foods, seeds, fertilizers, water).
After conducting a top-down (assessing the market environment) market analysis of the natural resources industry and identifying trends and sectors, IICO uses a research-oriented, bottom-up (researching individual issuers) investment approach when selecting securities for the Fund, focusing on company fundamentals and growth prospects. IICO invests in a blend of value and growth companies domiciled throughout the world, and emphasizes companies that it believes are strongly managed and can generate above-average capital growth and appreciation. IICO focuses on companies that it believes are high quality, have the potential for sustainable long-term growth and that are low-cost leaders that possess historically strong-producing assets. The Fund typically holds a limited number of stocks (generally 30 to 50).
Under normal circumstances, IICO anticipates that a significant portion of the Funds portfolio will consist of issuers in the energy and materials sectors. The Fund seeks to be diversified internationally, and therefore, IICO invests in foreign companies and U.S. companies that have principal operations in foreign jurisdictions. While IICO typically seeks to invest a majority of the Funds assets in the United States, the Fund may invest up to 100% of its total assets in foreign securities. Exposure to companies in any one particular foreign country typically is less than 20% of the Funds total assets. The Fund also may have exposure to companies located in, and/or doing business in, emerging markets. An investment in foreign securities presents additional risks such as currency fluctuations and political or economic conditions affecting the foreign country.
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. The Portfolio may use forward currency contracts in an effort to manage foreign currency exposure. Generally, in determining whether to sell a security, IICO uses the same type of analysis that it uses in buying securities to determine whether the security has ceased to offer significant growth potential, has sufficiently exceeded its target price, has become overvalued and/or whether the prospects of the issuer have deteriorated. IICO also will consider the effect of commodity price trends on certain holdings, poor capital management or whether a company has experienced a change or deterioration in its fundamentals, its valuation, or its competitive advantage.
IICO also may sell a security to take advantage of what it believes are more attractive investment opportunities, to reduce the Funds holding in that security, or to raise cash.
IGNEX Holdings
Top 10 holdings of Nomura Natural Resources Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Diamondback Energy, Inc. | 4.16% |
| Canadian Natural Resources Ltd. | 4.11% |
| Nutrien Ltd. | 4.05% |
| Ovintiv, Inc. | 4.01% |
| Crh PLC | 3.75% |
| Bp PLC | 3.24% |
| Glencore PLC | 3.17% |
| Core Natural Resources, Inc. | 3.02% |
| Hudbay Minerals, Inc. | 2.99% |
| Steel Dynamics, Inc. | 2.96% |
IGNEX Portfolio Allocation
Asset-class allocation of Nomura Natural Resources Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.2% |
| Cash & Equivalents | 2.9% |
IGNEX Performance
Total returns for IGNEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 25.4% |
| 3 years (annualised) | 7.9% |
IGNEX Risk Information
Risk metrics for IGNEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.3%
IGNEX Costs and Fees
IGNEX costs about $117 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.17%
- Gross expense ratio: 2.21%
- Portfolio turnover: 65%
- Brokerage commissions: 9.20 bps of average net assets (SEC N-CEN)
IGNEX Cashflows
Over the 12 months to 2026-06, Nomura Natural Resources Fund had net outflows of $3.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$166.83K |
| 2026-05 | −$301.38K |
| 2026-04 | $345.54K |
| 2026-03 | $2.55M |
| 2026-02 | $3.19M |
| 2026-01 | $1.48M |
IGNEX Debt Constituents
No individual debt constituents are reported in Nomura Natural Resources Fund's latest SEC N-PORT filing.
IGNEX Prospectus and SEC Filings
Official Nomura Natural Resources Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-29
- 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 Global (incl. 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.