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IVAEX Ivy Asset Strategy I

  • Fund
  • IVAEX
  • Price as of: Dec 05, 2016
  • $20.90
  • + $0.12
  • + 0.58%
  • Category
  • Global Allocation

IVAEX - Profile

Vitals

  • YTD Return -5.7%
  • 3 Yr Annualized Return -4.4%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $5.86 B
  • Holdings in Top 10 35.6%

52 WEEK LOW AND HIGH

$20.90
$20.60
$23.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -5.7%
  • 3 Yr Annualized Total Return -4.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.95%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Ivy Asset Strategy Fund
  • Fund Family Name Ivy Funds
  • Inception Date Apr 02, 2007
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Cynthia P. Prince-Fox

Fund Description

The fund seeks to achieve its objective by allocating its assets primarily among stocks, bonds and short-term instruments of issuers in markets around the globe, as well as in derivative instruments, precious metals and investments with exposure to various foreign currencies. It may invest in U.S. and foreign securities; the fund may invest up to 100% of its total assets in foreign securities, including issuers located in and/or generating revenue from emerging markets.

IVAEX - Performance

Return Ranking - Trailing

Period IVAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.7% -25.7% 227.3% 86.02% 5
1 Yr -9.5% -35.4% 26.6% 96.14% 5
3 Yr -4.4% * -8.5% 9.0% 95.38% 5
5 Yr 2.8% * -4.9% 9.5% 82.22% 5
10 Yr 5.5% * -0.3% 6.9% 5.13% 1

* Annualized


Return Ranking - Calendar

Period IVAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.9% -30.7% 0.7% 82.50% 5
2014 -20.3% -25.2% 10.0% 82.72% 5
2013 23.8% -12.0% 23.8% 0.28% 1
2012 16.1% 0.0% 18.2% 4.52% 1
2011 -8.8% -13.0% 4.6% 66.80% 4

Total Return Ranking - Trailing

Period IVAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.7% -25.7% 227.4% 88.82% 5
1 Yr -9.5% -35.4% 40.9% 93.78% 5
3 Yr -4.4% * -9.2% 12.6% 95.13% 5
5 Yr 2.8% * -5.0% 9.5% 80.32% 5
10 Yr 5.5% * -0.3% 6.9% 4.10% 1

* Annualized


Total Return Ranking - Calendar

Period IVAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.6% -30.2% 7.0% 83.18% 5
2014 -5.8% -13.1% 18.1% 90.86% 5
2013 33.1% -9.8% 49.2% 2.82% 1
2012 29.3% 0.0% 30.6% 0.97% 1
2011 -10.9% -17.9% 9.4% 86.00% 5

NAV & Total Return History

IVAEX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

IVAEX Category Low Category High IVAEX % Rank Quintile
Net Assets 5.86 B 774 K 99.4 B 2.54% 1
Number of Holdings 150 2 3843 10.78% 3
Net Assets in Top 10 2.25 B -709 M 21.4 B 2.75% 1
Weighting of Top 10 35.6% 0.0% 291.0% 16.49% 4

Top 10 Holdings

  1. Delta Topco Ltd. 10.73%
  2. Gold 7.66%
  3. Microsoft Corp 2.12%
  4. US Treasury Note 2.25% 4.02%
  5. The Kraft Heinz Co 2.08%
  6. US Treasury Bond 3% 2.22%
  7. Mexican Bonos 1.60%
  8. Halliburton Co 1.78%
  9. Adobe Systems Inc 1.73%
  10. JPMorgan Chase & Co 1.62%

Asset Allocation

Weighting Category Low Category High IVAEX % Rank Quintile
Stocks
58.89% -0.59% 107.38% 7.40% 2
Bonds
23.86% -151.32% 94.50% 17.76% 4
Other
14.30% -1.39% 32.87% 1.90% 1
Cash
2.63% -83.36% 141.98% 20.93% 4
Convertible Bonds
0.32% 0.00% 37.24% 2.54% 1
Preferred Stocks
0.00% 0.00% 18.02% 11.42% 5

Stock Sector Breakdown

Weighting Category Low Category High IVAEX % Rank Quintile
Technology
9.93% -1.42% 21.31% 5.10% 1
Consumer Cyclical
9.48% 0.00% 13.58% 2.66% 1
Healthcare
8.35% -2.40% 11.36% 3.33% 1
Financial Services
7.80% -1.55% 18.32% 12.64% 3
Consumer Defense
7.55% -1.18% 16.29% 3.99% 1
Energy
6.10% -0.11% 26.39% 4.21% 2
Industrials
4.81% 0.00% 14.28% 13.08% 3
Communication Services
1.42% -0.71% 20.53% 16.63% 4
Basic Materials
1.35% -0.11% 19.84% 18.18% 4
Real Estate
0.00% -0.70% 34.21% 23.28% 5
Utilities
0.00% 0.00% 23.13% 20.84% 5

Stock Geographic Breakdown

Weighting Category Low Category High IVAEX % Rank Quintile
US
47.91% -24.54% 107.38% 2.33% 1
Non US
10.98% 0.00% 88.58% 21.35% 5

Bond Sector Breakdown

Weighting Category Low Category High IVAEX % Rank Quintile
Government
13.07% -155.07% 81.21% 15.64% 4
Corporate
11.10% 0.00% 58.30% 11.42% 3
Cash & Equivalents
2.63% -75.02% 138.41% 21.14% 4
Securitized
0.02% 0.00% 27.70% 15.64% 4
Municipal
0.00% 0.00% 9.55% 7.40% 4
Derivative
0.00% -9.82% 10.71% 4.86% 3

Bond Geographic Breakdown

Weighting Category Low Category High IVAEX % Rank Quintile
US
23.86% -155.67% 81.21% 9.09% 2
Non US
0.00% 0.00% 78.40% 24.10% 5

IVAEX - Expenses

Operational Fees

IVAEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.74% 0.01% 19.72% 39.83% 1
Management Fee 0.57% 0.00% 1.70% 7.23% 3
12b-1 Fee 0.00% 0.00% 1.00% 6.42% 1
Administrative Fee 0.01% 0.00% 0.55% 8.99% 1

Sales Fees

IVAEX Fees (% of AUM) Category Low Category High IVAEX Rank Quintile
Front Load N/A 0.15% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

IVAEX Fees (% of AUM) Category Low Category High IVAEX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover 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.

IVAEX Fees (% of AUM) Category Low Category High IVAEX Rank Quintile
Turnover 68.00% 0.00% 1837.00% 8.62% 4

IVAEX - Distributions

Dividend Yield Analysis

IVAEX Category Low Category High IVAEX % Rank Quintile
Dividend Yield 0.8% 0.00% 2.17% 9.59% 1

Dividend Distribution Analysis

IVAEX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

IVAEX Category Low Category High IVAEX % Rank Quintile
Net Income Ratio 0.95% -2.46% 7.59% 38.56% 3

Capital Gain Distribution Analysis

IVAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

IVAEX - Managers

Cynthia P. Prince-Fox

Manager

Start Date

Aug 04, 2014

Tenure

2.24

Tenure Rank

8.2%

Cynthia Prince-Fox, born in 1959, was the portfolio manager for the predecessor fund since May 2003. She is Senior Vice President of IICO and WRIMCO, Vice President of the Trust and Vice President of and portfolio manager for other investment companies for which WRIMCO serves as investment manager. In addition, Ms. Prince-Fox served as CIO of Austin, Calvert & Flavin, Inc., a former affiliate of WRIMCO, from November 2004 to July 2009 and, previously, as Co-CIO for Austin, Calvert & Flavin, Inc. from February 2002 to November 2004. She has also served as portfolio manager for investment companies managed by WRIMCO since January 1993. Ms. Prince-Fox earned a BBA degree in Finance from St. Mary’s University at San Antonio, Texas, and has earned an MBA with an emphasis in Finance from Rockhurst College.


F. Chace Brundige

Manager

Start Date

Aug 04, 2014

Tenure

2.24

Tenure Rank

8.2%

Brundige joined WRIMCO in 1996 as an equity investment analyst. In 1999 he left to join TCW/WestBridge Ventures LLC as a vice president and limited partner. From 2001 through August 2003, Mr. Brundige was employed by Citadel Investment Group. In 2003, he rejoined WRIMCO as an assistant portfolio manager for the Large Cap Growth equity team. He is Vice President of WRIMCO and IICO. Brundige holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

27.8

Category Average

5.13

Category Mode

4.8