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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ivy Micro Cap Growth Fund

IGWAX |

-

$208 M

-

1.68%

Vitals

YTD Return

N/A

1 yr return

21.7%

3 Yr Avg Return

13.1%

5 Yr Avg Return

7.0%

Net Assets

$208 M

Holdings in Top 10

36.4%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.68%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$750

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ivy Micro Cap Growth Fund

IGWAX |

-

$208 M

-

1.68%

IGWAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 10.9%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy Micro Cap Growth Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Feb 17, 2009
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Bichelmeyer

Fund Description

IGWAX - Performance

Return Ranking - Trailing

Period IGWAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.5% 28.8% N/A
1 Yr 21.7% -44.7% 19.5% N/A
3 Yr 13.1%* -14.6% 22.1% N/A
5 Yr 7.0%* -13.3% 7.2% N/A
10 Yr N/A* -2.6% 12.3% N/A

* Annualized

Return Ranking - Calendar

Period IGWAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -39.3% 10.5% N/A
2022 N/A -17.6% 28.9% N/A
2021 N/A -10.7% 33.0% N/A
2020 N/A -30.4% 3.3% N/A
2019 N/A -24.9% 301.5% N/A

Total Return Ranking - Trailing

Period IGWAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.5% 28.8% N/A
1 Yr 14.7% -44.7% 19.5% N/A
3 Yr 10.9%* -11.9% 22.1% N/A
5 Yr 5.7%* -11.6% 10.6% N/A
10 Yr N/A* -2.6% 16.9% N/A

* Annualized

Total Return Ranking - Calendar

Period IGWAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -32.2% 10.5% N/A
2022 N/A -17.6% 38.5% N/A
2021 N/A -10.7% 33.0% N/A
2020 N/A -26.1% 6.4% N/A
2019 N/A -17.4% 344.6% N/A

IGWAX - Holdings

Concentration Analysis

IGWAX Category Low Category High IGWAX % Rank
Net Assets 208 M 3.82 M 6.43 B N/A
Number of Holdings 56 35 1743 N/A
Net Assets in Top 10 81.2 M 444 K 248 M N/A
Weighting of Top 10 36.36% 4.1% 45.9% N/A

Top 10 Holdings

  1. Tactile Systems Technology Inc 5.27%
  2. 8x8 Inc 4.66%
  3. Tabula Rasa HealthCare Inc 4.33%
  4. Mimecast Ltd 4.11%
  5. Aerie Pharmaceuticals Inc 3.87%
  6. Kornit Digital Ltd 3.10%
  7. EVO Payments Inc 2.92%
  8. Cornerstone OnDemand Inc 2.81%
  9. Five9 Inc 2.70%
  10. PetIQ Inc Class A 2.60%

Asset Allocation

Weighting Return Low Return High IGWAX % Rank
Stocks 		84.67% 79.92% 100.57% N/A
Cash 		15.33% 0.00% 16.23% N/A
Preferred Stocks 		0.00% 0.00% 2.98% N/A
Other 		0.00% -0.58% 0.61% N/A
Convertible Bonds 		0.00% 0.00% 0.05% N/A
Bonds 		0.00% 0.00% 7.63% N/A

Stock Sector Breakdown

Weighting Return Low Return High IGWAX % Rank
Technology 		29.77% 3.94% 43.52% N/A
Healthcare 		24.14% 0.89% 40.31% N/A
Industrials 		8.70% 2.15% 32.03% N/A
Consumer Cyclical 		6.02% 1.92% 47.95% N/A
Communication Services 		5.84% 0.00% 3.48% N/A
Consumer Defense 		3.28% 0.00% 12.24% N/A
Basic Materials 		2.37% 0.00% 12.81% N/A
Real Estate 		2.33% 0.00% 9.95% N/A
Energy 		1.58% 0.00% 9.73% N/A
Financial Services 		0.63% 0.00% 34.28% N/A
Utilities 		0.00% 0.00% 4.76% N/A

Stock Geographic Breakdown

Weighting Return Low Return High IGWAX % Rank
US 		84.67% 72.46% 98.66% N/A
Non US 		0.00% 0.00% 18.95% N/A

IGWAX - Expenses

Operational Fees

IGWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.68% 0.52% 3.74% N/A
Management Fee 0.95% 0.50% 1.50% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.01% 0.04% 0.47% N/A

Sales Fees

IGWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

IGWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IGWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 4.08% 156.00% N/A

IGWAX - Distributions

Dividend Yield Analysis

IGWAX Category Low Category High IGWAX % Rank
Dividend Yield 0.00% 0.00% 0.01% N/A

Dividend Distribution Analysis

IGWAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

IGWAX Category Low Category High IGWAX % Rank
Net Income Ratio -1.27% -2.31% 0.74% N/A

Capital Gain Distribution Analysis

IGWAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

IGWAX - Fund Manager Analysis

Managers

John Bichelmeyer

Start Date

Tenure

Tenure Rank

Jul 01, 2015

3.34

3.3%

Mr. Bichelmeyer joined IICO in May 2015 as a portfolio manager. Mr. Bichelmeyer joined WRIMCO in May 2015 as a portfolio manager and serves as a portfolio manager for another investment company managed by IICO. Prior to joining WRIMCO, he served as a portfolio manager for Kornitzer Capital Management, Inc. since 2007. Mr. Bichelmeyer earned a BS in Finance from Creighton University. He is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.95 11.88 5.65 4.95

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