# Nomura Mid Cap Income Opportunities Fund;Y (IVOYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ivoyx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nomura · Asset class: Equity - Strategy: Actively Managed · Inception: 2014-10-02 The fund seeks to achieve its objective by investing primarily in a diversified portfolio of income-producing common stocks of mid-capitalization companies that the manager believes demonstrate favorable prospects for total return. It invests at least 80% of its net assets in the securities of mid-capitalization companies which for purposes of this fund typically are companies with market capitalizations similar to those of issuers included in the Russell Midcap® Index over the last 13 months at the time of acquisition. ## Key Facts | Metric | Value | |---|---| | Price | $18.78 | | Expense Ratio | 1.08% | | Assets Under Management | $636.9M | | NAV | $18.78 (2026-10-29 close) | | Holdings Count | — | | Distribution Yield (TTM) | 14.08% | | Annual Distribution (TTM) | $2.64 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $16.82 – $19.67 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.1151 /share - Ex-date: 2026-09-22 - Pay date: 2026-09-22 ## Frequently Asked Questions ### What does IVOYX invest in? The fund seeks to achieve its objective by investing primarily in a diversified portfolio of income-producing common stocks of mid-capitalization companies that the manager believes demonstrate favorable prospects for total return. It invests at least 80% of its net assets in the securities of mid-capitalization companies which for purposes of this fund typically are companies with market capitalizations similar to those of issuers included in the Russell Midcap® Index over the last 13 months at the time of acquisition. ### What is the expense ratio of IVOYX? Nomura Mid Cap Income Opportunities Fund;Y (IVOYX) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations. ### What is IVOYX's dividend yield? IVOYX's trailing-twelve-month yield is 14.08%, calculated from the sum of dividends over the past year divided by the current price. ### How big is IVOYX? Nomura Mid Cap Income Opportunities Fund;Y (IVOYX) manages $636.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is IVOYX actively managed or an index fund? IVOYX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (IVOYX's is 1.08%) in exchange for the discretion to over- or under-weight positions. ### When was IVOYX launched? Nomura Mid Cap Income Opportunities Fund;Y (IVOYX) launched in October 2014 and is managed by Nomura. ### Does IVOYX pay a dividend? Yes, Nomura Mid Cap Income Opportunities Fund;Y (IVOYX) distributes dividends to shareholders. The trailing-twelve-month yield is 14.08%. Full dividend history is on this page. ### How often does IVOYX pay dividends? Nomura Mid Cap Income Opportunities Fund;Y pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is IVOYX's next ex-dividend date? The most recently announced ex-dividend date for IVOYX was 2026-09-22. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will IVOYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.08% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does IVOYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from IVOYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does IVOYX cost more than a fund like VOO? IVOYX is actively managed (current expense ratio 1.08%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether IVOYX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to IVOYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as IVOYX (1.08%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ivoyx - Distribution history: https://www.dividenddata.com/funds/ivoyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ivoyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ivoyx/expenses - Peer comparison: https://www.dividenddata.com/funds/ivoyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.