IVIBX — Nomura Global Growth Fund
Data updated: 2026-08-26
IVIBX — Nomura Global Growth Fund. Global (incl. US) Large Cap Growth Equity · $896.10M AUM. Holdings, fees, performance and SEC filings.
IVIBX Fund Overview
IVIBX — Nomura Global Growth Fund is a US mutual fund managed by Ivy Funds, categorised as Global (incl. US) Large Cap Growth 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) Large Cap Growth Equity
- Assets under management: $896.10M
- 1-year return: -0.4%
- Ticker: IVIBX
- SEC CIK: 0000883622
- SEC series ID: S000024824
- Share class ID: C000073862
IVIBX Investment Objective and Strategy
Nomura Global Growth 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 growth of capital.
Principal investment strategy
Ivy Global Growth Fund seeks to achieve its objective by investing primarily in common stocks of U.S. and foreign companies (including depositary receipts of foreign issuers) that IICO believes are competitively well-positioned, gaining market share, have the potential for long-term growth and/or operate in regions or countries that IICO believes possess attractive growth characteristics. The Fund primarily invests in issuers of developed countries, including the U.S., although the Fund has the ability to invest in issuers domiciled in or doing business in any country or region around the globe, including emerging markets. While the Fund primarily invests in securities issued by large-capitalization companies (typically, companies with market capitalizations of at least $10 billion at the time of acquisition), it may invest in securities issued by companies of any size, in a variety of sectors and industries.
Under normal circumstances, the Fund invests at least 40% (or, if the portfolio manager deems it warranted by market conditions, at least 30%) of its total assets in foreign securities. The Fund may invest up to 100% of its total assets in foreign securities, including securities denominated in currencies other than the U.S. dollar. The Fund typically holds a limited number of stocks (generally 45 to 70). IICO utilizes a research-based investment process that focuses on bottom-up (researching individual issuers) stock selection. IICO seeks strong companies that possess a unique, sustainable competitive advantage that IICO believes will allow them to withstand competitive pressures, sustain margins and cash flow, and grow faster than the general economy. IICO may look at a number of factors in selecting securities for the Funds portfolio, including: a companys competitive position and its sustainability; a companys growth and earnings potential and valuation; a companys financials, including cash flow and balance sheet; management of the company; strength of the industry; size of the companys total addressable market; margin trends; switching costs; control of distribution channels; brand equity; scale; patent protection; and applicable economic, market and political conditions of the country in which the company is located and/or in which it is doing business.
As an overlay to its bottom-up analysis, IICO considers global economic factors such as the political environment, regulatory policy, geopolitical risk and the currency environment. 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 type of analysis that it uses in buying securities. For example, IICO may sell a security issued by a company if it believes the company has experienced a fundamental breakdown of its sustainable competitive advantage or no longer offers significant growth potential, if it believes the management of the company has weakened or its margin and/or its valuation appears unsustainable, if it believes there are macro-economic factors that override a companys fundamentals and/or there exists political or economic instability in the issuers country.
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.
IVIBX Holdings
Top 10 holdings of Nomura Global Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 5.94% |
| Taiwan Semiconductor Manufacturing Company Ltd. | 5.89% |
| Apple, Inc. | 3.35% |
| Kla Corp. | 3.24% |
| Alphabet, Inc. | 2.79% |
| Eli Lilly & Company | 2.69% |
| Sk Hynix, Inc. | 2.62% |
| Microsoft Corp. | 2.41% |
| Alimentation Couche-Tard, Inc. | 2.30% |
| Amazon.com, Inc. | 2.21% |
IVIBX Portfolio Allocation
Asset-class allocation of Nomura Global Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Cash & Equivalents | 0.5% |
IVIBX Performance
Total returns for IVIBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.4% |
| 3 years (annualised) | -0.4% |
IVIBX Risk Information
Risk metrics for IVIBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.1%
IVIBX Costs and Fees
IVIBX costs about $252 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.52%
- Gross expense ratio: 2.66%
- Portfolio turnover: 46%
- Brokerage commissions: 6.24 bps of average net assets (SEC N-CEN)
IVIBX Cashflows
Over the 12 months to 2026-06, Nomura Global Growth Fund had net outflows of $79.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.98M |
| 2026-05 | −$8.75M |
| 2026-04 | −$10.23M |
| 2026-03 | −$11.77M |
| 2026-02 | −$10.47M |
| 2026-01 | −$11.41M |
IVIBX Debt Constituents
No individual debt constituents are reported in Nomura Global Growth Fund's latest SEC N-PORT filing.
IVIBX Prospectus and SEC Filings
Official Nomura Global Growth 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 Global (incl. US) Large Cap Growth 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.