Nomura Real Estate Securities Fund Class A (IRSAX)

Fund Assets	89.22M
Expense Ratio	1.067%
Min. Investment	$750
Turnover	37.00%
Dividend (ttm)	0.30
Dividend Yield	2.13%
Dividend Growth	14.96%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 22, 2026

Previous Close	13.90
YTD Return	9.78%
1-Year Return	12.48%
5-Year Return	19.33%
52-Week Low	12.72
52-Week High	15.94
Beta (5Y)	0.75
Holdings	38
Inception Date	Feb 25, 1999

About IRSAX

Macquarie Real Estate Securities Fund Class A is a mutual fund focused on providing a combination of capital appreciation and current income by investing predominantly in publicly traded real estate securities. Its primary holdings consist of real estate investment trusts (REITs) and companies that own, operate, or finance income-generating real estate, with a strong emphasis on North American markets. The fund utilizes a bottom-up, fundamental investment approach, considering quality, risk, and valuation when selecting securities. Its diversified portfolio spans various real estate sectors, including residential, commercial, industrial, and specialized assets. Notable characteristics include significant allocations to large and mid-cap real estate companies and a portfolio concentration where the top holdings represent a substantial portion of total assets. Macquarie Real Estate Securities Fund Class A plays a key role for investors seeking diversified exposure to the real estate sector through liquid, listed securities rather than direct property ownership, making it a crucial tool for portfolio diversification and access to real estate-driven income streams in the broader financial market.

• Fund Family: Nomura
• Category: Real Estate
• Performance Rating: High
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: IRSAX
• Share Class: Class A
• Index: FTSE NAREIT Equity REITS TR

Performance

IRSAX had a total return of 12.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.82%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
IRSEX	Class R6	0.68%
IREIX	Institutional Class	0.83%
IRSYX	Class Y	1.08%
IRSRX	Class R	1.33%

Top 10 Holdings

57.99% of assets

Name	Symbol	Weight
Welltower Inc.	WELL	12.64%
Equinix, Inc.	EQIX	11.74%
Prologis, Inc.	PLD	4.88%
Simon Property Group, Inc.	SPG	4.55%
Public Storage	PSA	4.21%
American Healthcare REIT, Inc.	AHR	4.16%
First Industrial Realty Trust, Inc.	FR	4.10%
Iron Mountain Incorporated	IRM	3.99%
Agree Realty Corporation	ADC	3.93%
Ventas, Inc.	VTR	3.79%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 22, 2026	$0.0731	Sep 22, 2026
Jun 22, 2026	$0.07445	Jun 22, 2026
Mar 20, 2026	$0.0746	Mar 20, 2026
Dec 12, 2025	$2.81585	Dec 12, 2025
Sep 22, 2025	$0.07675	Sep 23, 2025
Jun 20, 2025	$0.09498	Jun 23, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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