Nomura Balanced Fund Class A (IBNAX) Fund Details & Analysis

Fund Information

Fund Category Allocation--50% to 70% Equity

Fund Family Nomura

Fund Style Large Blend

ISIN US4658986256

CUSIP 465898625

Inception Date 1987-11-16

Domicile United States

Country USA

Fiscal Year End March

NAV Chart

Fund Metrics

Net Assets $1.98 Billion

Share Class Net Assets $1.48 Billion

Expense Ratio 0.98%

Expense Ratio Date 2025-07-31

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 2.19%

1-Year Return 10.52%

3-Year Return 13.46%

5-Year Return 8.41%

NAV $26.15

Previous Close Price $26.15

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.01%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Nomura Balanced Fund Class A

The fund seeks to achieve its objective by investing primarily in a diversified mix of stocks, debt securities and short-term instruments, depending on market conditions. Regarding its income-generating equity investments, it invests primarily in medium to large, well-established companies. The fund invests at least 50% of its total assets in equity securities including convertible securities.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 429063.79%

Giant 27.00%

Large 26.97%

Medium 7.40%

Micro 0.00%

Small 1.36%

Value & Growth Metrics

Book-Value Growth % 7.87%

Cash-Flow Growth % 11.25%

Dividend Yield % 1.14%

Historical Earnings % 12.35%

Long-Term Earnings % 11.99%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	34.79%	34.82%	0.03%	42.35%	35.37%
Cash	2.10%	2.22%	0.12%	12.77%	0.00%
Non US Stock	5.60%	5.60%	0.00%	8.75%	8.03%
Not Classified	0.31%	0.31%	0.00%	0.66%	0.00%
Other	0.01%	0.01%	0.00%	8.25%	4.52%
US Stock	57.19%	57.19%	0.00%	53.77%	52.06%

Top Holdings

Name	Weight	Owned	Change
Microsoft Corp	4.57%	-	-
NVIDIA Corp	3.95%	-	-
Apple Inc	2.84%	-	-
Amazon.com Inc	2.17%	-	-
Alphabet Inc	2.01%	-	-
KKR Co Inc	1.83%	-	-
Vanguard SP 500 ETF	3.91%	-	-
HCA Healthcare Inc	1.78%	-	-
Taiwan Semiconductor Manufacturing Co Ltd	2.41%	-	-
United States Treasury Note/Bond	1.61%	-	-
iShares U.S. Treasury Bond ETF	3.81%	-	-
Fiserv Inc	1.78%	-	-
Howmet Aerospace Inc	2.20%	-	-
iShares Core U.S. Aggregate Bond ETF	4.63%	-	-
Vanguard Russell 1000 Value	1.91%	-	-
United States Treasury Inflation Indexed Bonds	1.88%	-	-

See the full breakdown of IBNAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	2.45%	15.88%	5.95%	0.01%
Bond Sector	Corporate	2.45%	19.62%	27.78%	27.47%
Bond Sector	Derivative	2.45%	6.52%	0.08%	0.00%
Bond Sector	Government	2.45%	40.60%	25.21%	49.10%
Bond Sector	Municipal	2.45%	0.16%	0.38%	0.03%
Bond Sector	Securitized	2.45%	17.23%	40.60%	23.39%
Cyclical	Basic Materials	1.46%	2.83%	0.00%	2.56%
Cyclical	Consumer Cyclical	10.03%	10.42%	0.00%	10.55%
Cyclical	Financial Services	17.64%	15.67%	0.00%	14.67%
Cyclical	Real Estate	0.09%	1.76%	0.00%	2.24%
Defensive	Consumer Defensive	2.45%	4.96%	0.00%	4.70%
Defensive	Healthcare	8.93%	10.74%	0.00%	9.66%
Defensive	Utilities	2.45%	3.08%	0.00%	2.34%
Sensitive	Communication Services	12.17%	9.41%	0.00%	9.67%
Sensitive	Energy	0.13%	3.23%	0.00%	3.05%
Sensitive	Industrials	11.88%	9.83%	0.00%	9.66%
Sensitive	Technology	32.78%	28.07%	0.00%	30.89%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.33%	-	0.29%
Americas	North America	87.25%	91.08%	87.95%
Greater Asia	Asia Developed	1.82%	3.45%	0.94%
Greater Asia	Asia Emerging	1.03%	0.82%	0.95%
Greater Asia	Australasia	0.42%	-	0.70%
Greater Asia	Japan	1.84%	-	2.46%
Greater Europe	Africa/Middle East	0.25%	-	0.29%
Greater Europe	Europe Developed	5.12%	3.31%	4.93%
Greater Europe	Europe Emerging	0.06%	-	0.08%
Greater Europe	United Kingdom	1.88%	1.34%	1.42%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-09-20	$0.073	$0.073	USD	-	2024-09-19	2024-09-23	Quarterly
2024-06-21	$0.079	$0.079	USD	-	2024-06-20	2024-06-24	Quarterly
2024-03-22	$0.288	$0.288	USD	-	2024-03-21	2024-03-25	Quarterly
2023-12-15	$0.048	$0.048	USD	-	2023-12-14	2023-12-18	Quarterly
2023-09-22	$0.056	$0.056	USD	-	2023-09-21	2023-09-25	Quarterly
2023-06-22	$0.063	$0.063	USD	-	2023-06-21	2023-06-23	Quarterly
2023-03-22	$0.063	$0.063	USD	-	2023-03-21	2023-03-23	Quarterly
2022-12-15	$0.009	$0.009	USD	2022-12-15	2022-12-14	2022-12-15	Quarterly
2022-09-15	$0.053	$0.053	USD	-	2022-09-14	2022-09-15	Quarterly
2022-06-07	$0.027	$0.027	USD	2022-06-07	2022-06-06	2022-06-07	Quarterly
2022-03-10	$0.026	$0.026	USD	2022-03-10	2022-03-09	2022-03-10	Quarterly
2021-12-16	$0.053	$0.053	USD	2021-12-16	2021-12-15	2021-12-16	Quarterly
2021-09-16	$0.025	$0.025	USD	2021-09-16	2021-09-15	2021-09-16	Quarterly
2021-06-10	$0.015	$0.015	USD	2021-06-10	2021-06-09	2021-06-10	Quarterly
2021-03-11	$0.020	$0.020	USD	2021-03-11	2021-03-10	2021-03-11	Quarterly
2020-12-10	$0.158	$0.158	USD	2020-12-10	2020-12-09	2020-12-10	Quarterly
2020-09-10	$0.060	$0.060	USD	2020-09-10	2020-09-09	2020-09-10	Quarterly
2020-06-11	$0.040	$0.040	USD	2020-06-11	2020-06-10	2020-06-11	Quarterly
2020-03-12	$0.030	$0.030	USD	2020-03-12	2020-03-11	2020-03-12	Quarterly
2019-12-12	$0.146	$0.146	USD	2019-12-12	2019-12-11	2019-12-12	Quarterly
2019-09-12	$0.080	$0.080	USD	2019-09-12	2019-09-11	2019-09-12	Quarterly
2019-06-13	$0.080	$0.080	USD	2019-06-13	2019-06-12	2019-06-13	Quarterly
2019-03-14	$0.030	$0.030	USD	2019-03-14	2019-03-13	2019-03-14	Quarterly
2018-12-13	$0.150	$0.150	USD	2018-12-13	2018-12-12	2018-12-13	Other
2018-09-13	$0.100	$0.100	USD	2018-09-13	2018-09-12	2018-09-13	Quarterly
2018-06-14	$0.080	$0.080	USD	2018-06-14	2018-06-13	2018-06-14	Quarterly
2018-03-15	$0.030	$0.030	USD	2018-03-15	2018-03-14	2018-03-15	Quarterly
2017-12-14	$0.219	$0.219	USD	2017-12-14	2017-12-13	2017-12-14	Other
2017-09-14	$0.100	$0.100	USD	2017-09-14	2017-09-13	2017-09-14	Quarterly
2017-06-15	$0.134	$0.134	USD	2017-06-15	2017-06-14	2017-06-15	Quarterly
2017-03-16	$0.040	$0.040	USD	2017-03-16	2017-03-15	2017-03-16	Quarterly
2016-12-08	$0.173	$0.173	USD	2016-12-08	2016-12-07	2016-12-08	Other
2016-09-15	$0.045	$0.045	USD	2016-09-15	2016-09-14	2016-09-15	Quarterly
2016-06-16	$0.045	$0.045	USD	2016-06-16	2016-06-15	2016-06-16	Quarterly
2015-12-10	$0.169	$0.169	USD	2015-12-10	2015-12-09	2015-12-10	Other
2015-09-10	$0.045	$0.045	USD	2015-09-10	2015-09-09	2015-09-10	Quarterly
2015-06-11	$0.045	$0.045	USD	2015-06-11	2015-06-10	2015-06-11	Quarterly
2015-03-12	$0.020	$0.020	USD	2015-03-12	2015-03-11	2015-03-12	Quarterly
2014-12-11	$0.098	$0.098	USD	2014-12-11	2014-12-10	2014-12-11	Other
2014-09-11	$0.023	$0.023	USD	2014-09-11	2014-09-10	2014-09-11	Quarterly
2014-06-12	$0.023	$0.023	USD	2014-06-12	2014-06-11	2014-06-12	Quarterly
2014-03-13	$0.015	$0.015	USD	2014-03-13	2014-03-12	2014-03-13	Quarterly
2013-12-12	$0.056	$0.056	USD	2013-12-12	2013-12-11	2013-12-12	Other
2013-09-12	$0.015	$0.015	USD	2013-09-12	2013-09-11	2013-09-12	Quarterly
2013-06-13	$0.015	$0.015	USD	2013-06-13	2013-06-12	2013-06-13	Quarterly
2013-03-14	$0.010	$0.010	USD	2013-03-14	2013-03-13	2013-03-14	Quarterly
2012-12-13	$0.101	$0.101	USD	2012-12-13	2012-12-12	2012-12-13	Other
2012-09-13	$0.025	$0.025	USD	-	2012-09-12	2012-09-13	Quarterly
2012-06-14	$0.030	$0.030	USD	-	2012-06-13	2012-06-14	Quarterly
2012-03-15	$0.030	$0.030	USD	-	2012-03-14	2012-03-15	Quarterly
2011-12-08	$0.088	$0.088	USD	-	2011-12-07	2011-12-08	Other
2011-09-15	$0.030	$0.030	USD	-	2011-09-14	2011-09-15	Quarterly
2011-06-16	$0.030	$0.030	USD	-	2011-06-15	2011-06-16	Quarterly
2011-03-10	$0.020	$0.020	USD	-	2011-03-09	2011-03-10	Quarterly
2010-12-09	$0.077	$0.077	USD	-	2010-12-08	2010-12-09	Quarterly
2010-09-16	$0.041	$0.041	USD	-	2010-09-15	2010-09-16	Quarterly
2010-06-10	$0.032	$0.032	USD	-	2010-06-09	2010-06-10	Quarterly
2010-04-01	$0.012	$0.012	USD	-	-	-	-
2010-03-11	$0.032	$0.032	USD	-	2010-03-10	2010-03-11	Quarterly
2009-12-10	$0.081	$0.081	USD	-	2009-12-09	2009-12-10	Quarterly
2009-09-10	$0.045	$0.045	USD	-	2009-09-09	2009-09-10	Quarterly
2009-06-11	$0.050	$0.050	USD	-	2009-06-10	2009-06-11	Quarterly
2009-03-12	$0.045	$0.045	USD	-	2009-03-11	2009-03-12	Quarterly
2008-12-11	$0.022	$0.022	USD	-	2008-12-10	2008-12-11	Quarterly
2008-09-11	$0.045	$0.045	USD	-	2008-09-10	2008-09-11	Quarterly
2008-06-12	$0.045	$0.045	USD	-	2008-06-11	2008-06-12	Quarterly
2008-03-13	$0.045	$0.045	USD	-	2008-03-12	2008-03-13	Quarterly
2007-12-13	$0.067	$0.067	USD	-	2007-12-12	2007-12-13	Other
2007-09-13	$0.045	$0.045	USD	-	2007-09-12	2007-09-13	Quarterly
2007-06-14	$0.045	$0.045	USD	-	2007-06-13	2007-06-14	Quarterly
2007-03-15	$0.040	$0.040	USD	-	2007-03-14	2007-03-15	Quarterly
2006-12-14	$0.060	$0.060	USD	-	2006-12-13	2006-12-14	Quarterly
2006-09-14	$0.040	$0.040	USD	-	2006-09-13	2006-09-14	Quarterly
2006-06-15	$0.040	$0.040	USD	-	2006-06-14	2006-06-15	Quarterly
2006-03-16	$0.035	$0.035	USD	-	2006-03-15	2006-03-16	Quarterly
2005-12-15	$0.042	$0.042	USD	-	2005-12-14	2005-12-15	Quarterly
2005-09-15	$0.030	$0.030	USD	-	2005-09-14	2005-09-15	Quarterly
2005-06-16	$0.028	$0.028	USD	-	2005-06-15	2005-06-16	Quarterly
2005-03-10	$0.020	$0.020	USD	-	2005-03-09	2005-03-10	Quarterly
2004-12-16	$0.064	$0.064	USD	-	2004-12-15	2004-12-16	Quarterly
2004-09-16	$0.026	$0.026	USD	-	2004-09-15	2004-09-16	Quarterly
2004-06-17	$0.026	$0.026	USD	-	2004-06-16	2004-06-17	Quarterly
2004-03-11	$0.026	$0.026	USD	-	2004-03-10	2004-03-11	Quarterly
2003-12-18	$0.017	$0.017	USD	-	2003-12-17	2003-12-18	Other

Nomura Balanced Fund Class A NMFQS:IBNAX