Nomura Mid Cap Growth Fund

IVY FUNDS · 6 share classes

Actively managed U.S. equity fund
One fund, 6 share classes:WMGRXWMGAXWMGCXWMGYXIYMIXIGRFX
$3.00B NAV
67 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Nomura Mid Cap Growth Fund is an actively managed U.S. equity fund. 35% of WMGRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2025 Q3

Macquarie Mid Cap Growth Fund seeks to provide growth of capital.

Strategy · summarised

The fund invests primarily in common stocks of mid-capitalization companies selected through bottom-up research for high quality, above-average growth potential, strong fundamentals, and attractive valuations, with at least 80% of assets in mid-cap securities. The fund's returns depend on the Manager's security selection and timing decisions, which may cause performance to diverge from mid-cap market returns.

Expenses
0.68% 1.79%across 6 share classes
Share classGrossNet
WMGRX1.45%1.29%
WMGAX1.20%1.04%
WMGCX1.95%1.79%
WMGYX1.20%1.04%
IYMIX0.95%0.79%
IGRFX0.84%0.68%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 42.00% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.06%
of net assets
Stocks98.98%
Cash & short-term1.08%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology25.3%
Industrials24.9%
Health Care17.6%
Consumer Discretionary10.1%
7 smaller22.0%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
35%of stock holdings in top-quartile growers
covering 87% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 17 new11 exited

Largest new: STRL, AME, TWLO, HOOD, ASCENDIS PHARMA A/S, RKLB, SITM, MCHP

Largest exited: PWR, TSCO, INSM, PCTY, KNSL, Ascendis Pharma A/S, CPRT, WAY

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+9.67%+11.34%-16.92%15.31%-18.72%
+9.95%+12.17%-16.32%15.36%-18.67%
+9.18%+9.75%-18.73%15.29%-18.82%
+9.97%+12.19%-15.98%15.34%-18.69%
+10.25%+13.04%-14.94%15.33%-18.64%
+10.36%+13.34%-14.72%15.35%-18.61%

These classes hold the same portfolio, so the 4.01pp spread over 5 years is the cost difference between them — roughly 0.80pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
CLOUDFLARE INCNET3.65%$109.50M
IDEXX LABORATORIES INCIDXX3.50%$104.84M
MONOLITHIC POWER SYSTEMS INCMPWR3.36%$100.69M
SNOWFLAKE INCSNOW2.82%$84.39M
FASTENAL COMPANYFAST2.55%$76.43M
DATADOG INCDDOG2.51%$75.18M
STERLING INFRASTRUCTURE INCSTRL2.48%$74.49M
BIO-TECHNE CORPTECH2.46%$73.75M
EDWARDS LIFESCIENCES CORPEW2.46%$73.61M
NOVANTA INCNOVT2.38%$71.26M
Showing 10 of 67Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 28.17% of net assets, top 25 56.56%, across 67 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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