Nomura Mid Cap Income Opportunities Fund Class A (IVOAX)
| Fund Assets | 809.26M |
| Expense Ratio | 1.08% |
| Min. Investment | $750 |
| Turnover | 27.00% |
| Dividend (ttm) | 2.56 |
| Dividend Yield | 13.97% |
| Dividend Growth | 23.96% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 2, 2025 |
| Previous Close | 18.03 |
| YTD Return | 0.83% |
| 1-Year Return | 8.52% |
| 5-Year Return | 45.01% |
| 52-Week Low | 14.55 |
| 52-Week High | 18.86 |
| Beta (5Y) | n/a |
| Holdings | 39 |
| Inception Date | Oct 1, 2014 |
About IVOAX
Macquarie Mid Cap Income Opportunities Fund Class A is a mutual fund focused on delivering total return through a blend of current income and capital appreciation. The fund invests primarily in a carefully selected portfolio of dividend-paying mid-cap companies, emphasizing businesses with resilient capital structures and sustainable growth prospects. Its strategy targets firms with a consistent history of dividend growth and yields above 0.5%, favoring sectors such as industrials, consumer discretionary, and materials, which are viewed as having defensive characteristics and pricing power. The portfolio is notably concentrated, typically comprising around 35 equally weighted holdings, ensuring that each investment plays a meaningful role in the fund’s overall performance. This contrasts with broader mid-cap funds that may hold hundreds of stocks. Through disciplined, bottom-up research and a focus on fundamental strength, the fund seeks to balance risk and reward, aiming to weather volatility while generating a steady income stream. Managed by a seasoned team, the fund plays a significant role for investors seeking exposure to mid-cap equities with an income orientation, positioning itself as a distinctive choice within the mid-cap value category.
Performance
IVOAX had a total return of 8.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.62%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
30.88% of assets| Name | Symbol | Weight |
|---|---|---|
| nVent Electric plc | NVT | 3.48% |
| Royalty Pharma plc | RPRX | 3.12% |
| Cardinal Health, Inc. | CAH | 3.11% |
| TE Connectivity plc | TEL | 3.11% |
| Service Corporation International | SCI | 3.06% |
| ADT Inc. | ADT | 3.06% |
| Rollins, Inc. | ROL | 3.05% |
| Travel + Leisure Co. | TNL | 2.99% |
| Avery Dennison Corporation | AVY | 2.96% |
| L3Harris Technologies, Inc. | LHX | 2.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 2, 2025 | $2.34332 | Dec 2, 2025 |
| Sep 22, 2025 | $0.06477 | Sep 23, 2025 |
| Jun 20, 2025 | $0.07617 | Jun 23, 2025 |
| Mar 21, 2025 | $0.07557 | Mar 24, 2025 |
| Dec 3, 2024 | $1.86624 | Dec 4, 2024 |
| Sep 20, 2024 | $0.06755 | Sep 23, 2024 |