WCEBX — Nomura Core Equity Fund
Data updated: 2026-08-26
WCEBX — Nomura Core Equity Fund. United States Large Cap Blend / Core Equity · $3.82B AUM · 2.08% expense ratio. Holdings, fees, performance and SEC filings.
WCEBX Fund Overview
WCEBX — Nomura Core Equity 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: $3.82B
- 1-year return: -0.3%
- Ticker: WCEBX
- SEC CIK: 0000883622
- SEC series ID: S000006288
- Share class ID: C000017278
WCEBX Investment Objective and Strategy
Nomura Core Equity 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 Core Equity Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities, primarily in common stocks of large-capitalization companies. The Fund seeks to invest in companies that IICO believes have a leading market position or sustainable competitive advantage in their industry. Large-capitalization companies typically are companies with market capitalizations of at least $10 billion at the time of acquisition. The Fund invests in securities that have the potential for capital appreciation, or that IICO expects to resist market decline. Although the Fund primarily invests in securities issued by large-capitalization companies, it may invest in securities issued by companies of any size. The Fund may invest in securities of companies across the valuation spectrum, including securities issued by growth and value companies.
IICO believes that long-term earnings potential relative to market expectations is an important component for stock performance. IICO balances a top-down (assessing the market environment) approach with a bottom-up (researching individual issuers) analysis when selecting securities for the Fund, and seeks to exploit what it believes to be catalysts for multi-year earnings growth in companies that it believes have strong or strengthening competitive advantages. Earnings catalysts are diversified across both thematic and company-specific projections. From a top-down perspective, IICO seeks to identify current trends or themes which indicate specific industries that have the potential to experience multi-year growth. IICO considers various thematic catalysts in its analysis, including major macro-economic and political forces, cyclical inflections, changes in consumer behavior and technology shifts.
Once a trend or theme is identified, IICO seeks to invest for the Fund in what it believes are dominant companies that will benefit from these trends or themes, including companies that IICO believes have long-term earnings potential that exceeds market expectations. Through its bottom-up stock selection, IICO searches for companies for which it believes market expectations are too low with regard to the ability of the companies to grow their businesses. In selecting securities for the Fund, IICO may consider whether a company has new products to introduce, has undergone cost restructuring or a management change, or has improved its execution, among other factors. The Fund typically holds a limited number of stocks (generally 40 to 50). 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. Among other factors, IICO considers whether, in its opinion, the security has fully appreciated according to IICOs forecast, has ceased to offer the prospect of significant growth potential, has had its competitive barriers diminished, has seen its earnings catalyst lose its impact, or has performed below IICOs expectations regarding the companys long-term earnings potential. IICO also may sell a security to reduce the Funds holding in that security if that issuers competitive advantage has diminished or if the Funds portfolio managers lose conviction in a previously identified trend or theme, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
WCEBX Holdings
Top 10 holdings of Nomura Core Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alphabet, Inc. | 6.81% |
| NVIDIA Corp. | 6.49% |
| Apple, Inc. | 5.46% |
| Taiwan Semiconductor Manufacturing Company Ltd. | 5.32% |
| Applied Materials, Inc. | 3.97% |
| Howmet Aerospace, Inc. | 3.53% |
| Seagate Technology Holdings PLC | 3.50% |
| Microsoft Corp. | 3.46% |
| Advanced Micro Devices, Inc. | 3.06% |
| Amazon.com, Inc. | 3.05% |
WCEBX Portfolio Allocation
Asset-class allocation of Nomura Core Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 1.9% |
WCEBX Performance
Total returns for WCEBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.3% |
| 3 years (annualised) | -0.4% |
WCEBX Risk Information
Risk metrics for WCEBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.1%
WCEBX Costs and Fees
WCEBX costs about $208 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.08%
- Gross expense ratio: 2.24%
- Portfolio turnover: 40%
- Brokerage commissions: 1.06 bps of average net assets (SEC N-CEN)
WCEBX Cashflows
Over the 12 months to 2026-06, Nomura Core Equity Fund had net outflows of $268.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$37.18M |
| 2026-05 | −$38.32M |
| 2026-04 | −$48.84M |
| 2026-03 | −$54.55M |
| 2026-02 | −$60.71M |
| 2026-01 | −$42.93M |
WCEBX Debt Constituents
No individual debt constituents are reported in Nomura Core Equity Fund's latest SEC N-PORT filing.
WCEBX Prospectus and SEC Filings
Official Nomura Core Equity 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.