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WASAX Ivy Asset Strategy A

  • Fund
  • WASAX
  • Price as of: Jun 21, 2018
  • $24.30
  • - $0.18
  • - 0.74%
  • Category
  • Global Allocation

WASAX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $3.26 B
  • Holdings in Top 10 26.6%

52 WEEK LOW AND HIGH

$24.30
$22.24
$25.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$750

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.02%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Ivy Asset Strategy Fund
  • Fund Family Name Ivy Funds
  • Inception Date Jul 10, 2000
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager F. Chace Brundige

Fund Description

The Ivy Asset Strategy Fund Class A (WASAX) is an actively managed world allocation fund that holds a combination of stocks, bonds and cash. As a world fund, WASAX can hold stocks and bonds from across the globe, including emerging and developed markets. There are no market cap or credit rating requirements. The fund has a very flexible mandate and can shift wildly between asset classes, eliminating some altogether.

Given this widely sweeping and shifting mandate, WASAX could make for an interesting side position for investors. Even more so, given its low costs. The fund is managed by Ivy Investment Management Co.

WASAX - Performance

Return Ranking - Trailing

Period WASAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -25.7% 12.0% 7.74% 1
1 Yr 13.3% -35.4% 26.6% 5.15% 1
3 Yr 0.5% * -9.8% 43.1% 87.44% 5
5 Yr 2.9% * -6.6% 24.2% 76.90% 4
10 Yr 3.4% * -2.8% 11.3% 71.43% 4

* Annualized


Return Ranking - Calendar

Period WASAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 15.0% -30.2% 26.2% 12.05% 1
2016 -5.4% -15.3% 210.7% 78.60% 5
2015 -13.9% -30.7% 8.5% 81.37% 5
2014 -20.4% -25.2% 14.2% 84.48% 5
2013 23.7% -12.0% 23.8% 0.58% 1

Total Return Ranking - Trailing

Period WASAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -100.0% 12.0% 7.53% 1
1 Yr 6.8% -100.0% 40.9% 23.61% 2
3 Yr -1.4% * -100.0% 47.4% 93.24% 5
5 Yr 1.7% * -100.0% 30.0% 86.14% 5
10 Yr 2.8% * -100.0% 17.9% 83.41% 5

* Annualized


Total Return Ranking - Calendar

Period WASAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 15.0% -30.2% 26.2% 12.05% 1
2016 -5.4% -11.9% 210.8% 85.35% 5
2015 -8.8% -29.2% 14.7% 85.61% 5
2014 -6.1% -13.1% 35.6% 92.11% 5
2013 32.5% -17.9% 49.2% 2.61% 1

NAV & Total Return History

WASAX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

WASAX Category Low Category High WASAX % Rank Quintile
Net Assets 3.26 B 246 K 105 B 3.81% 1
Number of Holdings 116 2 7326 12.68% 3
Net Assets in Top 10 880 M -431 M 19.4 B 4.44% 1
Weighting of Top 10 26.6% 0.0% 1303.0% 19.45% 4

Top 10 Holdings

  1. Gold 5.27%
  2. United States Treasury Notes 0.01% 2.05%
  3. Microsoft Corp 3.91%
  4. JPMorgan Chase & Co 2.36%
  5. AIA Group Ltd 2.52%
  6. Pfizer Inc 2.01%
  7. Alphabet Inc A 1.94%
  8. Amazon.com Inc 2.27%
  9. Adobe Systems Inc 2.21%
  10. Airbus SE 2.09%

Asset Allocation

Weighting Category Low Category High WASAX % Rank Quintile
Stocks
75.66% -7.02% 101.23% 4.23% 1
Bonds
13.84% -24.16% 150.64% 22.62% 5
Other
7.99% -1.77% 101.91% 5.92% 1
Convertible Bonds
2.43% 0.00% 7.60% 1.90% 1
Cash
0.09% -106.19% 100.00% 26.00% 5
Preferred Stocks
0.00% 0.00% 20.37% 11.42% 4

Stock Sector Breakdown

Weighting Category Low Category High WASAX % Rank Quintile
Financial Services
18.50% -1.55% 24.40% 1.10% 1
Technology
13.58% -1.42% 27.22% 3.96% 1
Industrials
11.15% -0.93% 18.34% 1.54% 1
Consumer Cyclical
10.88% -2.70% 16.01% 2.20% 1
Consumer Defense
7.23% -1.18% 14.62% 2.86% 1
Energy
6.54% -0.11% 27.67% 5.51% 2
Healthcare
4.61% -2.78% 10.39% 12.78% 3
Basic Materials
1.88% -0.11% 19.84% 19.38% 4
Communication Services
1.09% -0.71% 13.48% 18.72% 4
Utilities
0.00% 0.00% 24.19% 22.03% 5
Real Estate
0.00% -0.70% 27.82% 25.33% 5

Stock Geographic Breakdown

Weighting Category Low Category High WASAX % Rank Quintile
US
44.64% -9.55% 97.35% 2.75% 1
Non US
31.02% 0.00% 95.91% 12.68% 3

Bond Sector Breakdown

Weighting Category Low Category High WASAX % Rank Quintile
Corporate
10.01% 0.00% 53.71% 12.05% 3
Government
6.26% -27.97% 208.26% 19.24% 4
Cash & Equivalents
0.09% -107.83% 100.00% 25.58% 5
Derivative
0.00% -50.61% 18.84% 6.34% 2
Securitized
0.00% 0.00% 27.82% 17.12% 4
Municipal
0.00% 0.00% 9.55% 7.19% 2

Bond Geographic Breakdown

Weighting Category Low Category High WASAX % Rank Quintile
US
9.31% -31.97% 150.64% 18.82% 4
Non US
4.53% -0.19% 57.35% 18.60% 4

WASAX - Expenses

Operational Fees

WASAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.12% 0.01% 19.72% 34.11% 2
Management Fee 0.60% 0.00% 1.70% 6.17% 3
12b-1 Fee 0.25% 0.00% 1.00% 4.59% 1
Administrative Fee 0.01% 0.00% 0.55% 8.90% 1

Sales Fees

WASAX Fees (% of AUM) Category Low Category High WASAX Rank Quintile
Front Load 5.75% 0.15% 5.75% 0.97% 3
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

WASAX Fees (% of AUM) Category Low Category High WASAX 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.

WASAX Fees (% of AUM) Category Low Category High WASAX Rank Quintile
Turnover 51.00% 0.00% 1837.00% 12.28% 3

WASAX - Distributions

Dividend Yield Analysis

WASAX Category Low Category High WASAX % Rank Quintile
Dividend Yield 0.6% 0.00% 2.17% 11.92% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

WASAX Category Low Category High WASAX % Rank Quintile
Net Income Ratio -0.02% -1.83% 7.59% 53.60% 5

Capital Gain Distribution Analysis

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

WASAX - Managers

F. Chace Brundige

Manager

Start Date

Aug 04, 2014

Tenure

3.82

Tenure Rank

7.4%

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.


W. Jeffery Surles

Manager

Start Date

Apr 30, 2018

Tenure

0.08

Tenure Rank

11.9%

Mr. Surles is Assistant Vice President of Ivy Investment Management Company. He joined Waddell & Reed Investment Management Company in 2007 initially serving as an investment analyst. Mr. Surles earned a BS degree from Vanderbilt University, and an MBA from the University of Wisconsin. He is a Chartered Financial Analyst.


Tenure Analysis

Category Low

0.0

Category High

26.4

Category Average

5.41

Category Mode

0.1