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WASCX Ivy Asset Strategy C

  • Fund
  • WASCX
  • Price as of: Jun 15, 2018
  • $23.29
  • - $0.09
  • - 0.39%
  • Category
  • Global Allocation

WASCX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 2.2%
  • Net Assets $3.26 B
  • Holdings in Top 10 26.6%

52 WEEK LOW AND HIGH

$23.29
$21.03
$24.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.83%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

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 3.1%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Ivy Asset Strategy Fund
  • Fund Family Name Ivy Funds
  • Inception Date Apr 20, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager F. Chace Brundige

Fund Description

The Ivy Asset Strategy Fund Class C (WASCX) is an actively managed world allocation fund that holds a combination of stocks, bonds and cash. As a world fund, WASCX can hold stocks and bonds from both emerging and developed markets. There are no market capitalization or credit rating requirements. WASCX has a very flexible mandate and can shift wildly between asset classes and even eliminate some altogether.

Given its sweeping and shifting mandate, WASCX 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.

WASCX - Performance

Return Ranking - Trailing

Period WASCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -100.0% 12.0% 6.02% 1
1 Yr 12.5% -35.4% 26.6% 7.51% 1
3 Yr -0.2% * -5.5% 9.0% 90.82% 5
5 Yr 2.2% * -2.7% 8.8% 85.05% 5
10 Yr 2.6% * -0.9% 7.4% 86.64% 5

* Annualized


Return Ranking - Calendar

Period WASCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 14.8% -30.2% 26.2% 12.95% 1
2016 -6.1% -15.3% 210.7% 82.09% 5
2015 -14.5% -30.7% 8.5% 82.31% 5
2014 -21.2% -25.2% 14.2% 84.99% 5
2013 23.4% -12.0% 23.8% 1.74% 1

Total Return Ranking - Trailing

Period WASCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -100.0% 12.0% 5.81% 1
1 Yr 11.5% -35.4% 40.9% 6.44% 1
3 Yr -0.2% * -5.7% 12.6% 89.37% 5
5 Yr 2.2% * -3.1% 8.8% 82.34% 5
10 Yr 2.6% * 0.4% 7.4% 86.18% 5

* Annualized


Total Return Ranking - Calendar

Period WASCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 14.8% -30.2% 26.2% 12.95% 1
2016 -6.1% -11.9% 210.8% 88.84% 5
2015 -9.5% -29.2% 14.7% 89.62% 5
2014 -6.9% -13.1% 35.6% 92.88% 5
2013 31.1% -17.9% 49.2% 3.77% 1

NAV & Total Return History

WASCX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

WASCX Category Low Category High WASCX % 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 WASCX % Rank Quintile
Stocks
75.66% -7.02% 101.23% 4.23% 1
Bonds
13.84% -24.16% 150.64% 23.04% 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% 25.58% 5
Preferred Stocks
0.00% 0.00% 20.94% 11.21% 4

Stock Sector Breakdown

Weighting Category Low Category High WASCX % 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% 19.33% 1.54% 1
Consumer Cyclical
10.88% -2.70% 16.01% 2.20% 1
Consumer Defense
7.23% -1.18% 14.62% 3.08% 1
Energy
6.54% -0.11% 27.67% 5.51% 2
Healthcare
4.61% -2.78% 10.39% 13.22% 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% 22.47% 5
Real Estate
0.00% -0.70% 27.82% 25.11% 5

Stock Geographic Breakdown

Weighting Category Low Category High WASCX % Rank Quintile
US
44.64% -9.55% 97.35% 2.75% 1
Non US
31.02% 0.00% 95.91% 12.90% 3

Bond Sector Breakdown

Weighting Category Low Category High WASCX % Rank Quintile
Corporate
10.01% 0.00% 54.12% 12.68% 3
Government
6.26% -27.97% 208.26% 19.24% 4
Cash & Equivalents
0.09% -107.83% 100.00% 25.16% 5
Derivative
0.00% -50.61% 18.84% 6.34% 2
Securitized
0.00% 0.00% 27.82% 17.34% 4
Municipal
0.00% 0.00% 9.55% 7.19% 2

Bond Geographic Breakdown

Weighting Category Low Category High WASCX % Rank Quintile
US
9.31% -31.97% 150.64% 19.24% 4
Non US
4.53% -0.19% 57.35% 18.18% 4

WASCX - Expenses

Operational Fees

WASCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.83% 0.01% 19.72% 21.19% 4
Management Fee 0.60% 0.00% 1.70% 6.17% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.31% 4
Administrative Fee 0.01% 0.00% 0.55% 8.90% 1

Sales Fees

WASCX Fees (% of AUM) Category Low Category High WASCX Rank Quintile
Front Load N/A 0.15% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 4.72% 1

Trading Fees

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

WASCX Fees (% of AUM) Category Low Category High WASCX Rank Quintile
Turnover 51.00% 0.00% 1837.00% 12.07% 3

WASCX - Distributions

Dividend Yield Analysis

WASCX Category Low Category High WASCX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.17% 89.12% 5

Dividend Distribution Analysis

WASCX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WASCX Category Low Category High WASCX % Rank Quintile
Net Income Ratio -0.75% -1.83% 7.59% 59.96% 5

Capital Gain Distribution Analysis

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

WASCX - Managers

F. Chace Brundige

Manager

Start Date

Aug 04, 2014

Tenure

3.82

Tenure Rank

7.5%

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

12.0%

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