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WSGAX Ivy Small Cap Growth A

  • Fund
  • WSGAX
  • Price as of: Dec 08, 2016
  • $16.58
  • - $0.81
  • - 4.66%
  • Category
  • Small Cap Growth Equities

WSGAX - Profile

Vitals

  • YTD Return 10.1%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 12.8%
  • Net Assets $920 M
  • Holdings in Top 10 26.0%

52 WEEK LOW AND HIGH

$16.58
$12.52
$17.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.44%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$750

IRA

N/A

Investment Themes

CATEGORY

Small Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 11.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.80%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Ivy Small Cap Growth Fund
  • Fund Family Name Ivy Funds
  • Inception Date Jul 03, 2000
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Timothy J. Miller

WSGAX - Performance

Return Ranking - Trailing

Period WSGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.1% -81.5% 30.2% 59.21% 3
1 Yr 7.0% -22.5% 49.1% 31.12% 2
3 Yr 5.5% * -21.1% 12.1% 28.92% 2
5 Yr 12.8% * -13.5% 17.8% 29.43% 2
10 Yr 8.7% * -6.7% 12.7% 9.58% 1

* Annualized


Return Ranking - Calendar

Period WSGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.0% -71.6% 14.9% 66.61% 4
2014 -3.4% -57.2% 17.3% 33.16% 2
2013 28.4% -32.6% 61.3% 56.80% 3
2012 12.0% -100.0% 30.8% 36.71% 2
2011 -8.8% -29.9% 181.9% 72.82% 4

Total Return Ranking - Trailing

Period WSGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.1% -81.5% 30.2% 60.51% 4
1 Yr 0.9% -31.1% 291.3% 70.63% 4
3 Yr 3.5% * -43.2% 166.8% 55.56% 3
5 Yr 11.5% * -8.9% 17.8% 53.02% 3
10 Yr 8.0% * -4.8% 12.7% 19.96% 1

* Annualized


Total Return Ranking - Calendar

Period WSGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.2% -71.6% 38.5% 39.17% 3
2014 3.7% -23.4% 22.2% 39.86% 3
2013 62.8% -32.6% 6103.1% 38.40% 2
2012 26.6% -100.0% 400.5% 35.85% 2
2011 -9.2% -100.0% 101.1% 69.07% 4

NAV & Total Return History

WSGAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

WSGAX Category Low Category High WSGAX % Rank Quintile
Net Assets 920 M 31.4 K 16.5 B 7.87% 2
Number of Holdings 90 2 3396 14.17% 3
Net Assets in Top 10 251 M -2.31 M 3.02 B 6.14% 2
Weighting of Top 10 26.0% 4.2% 100.1% 9.61% 2

Top 10 Holdings

  1. Vail Resorts Inc 3.45%
  2. The Ultimate Software Group Inc 3.54%
  3. SVB Financial Group 2.64%
  4. Watsco Inc 2.98%
  5. AMN Healthcare Services Inc 2.75%
  6. Booz Allen Hamilton Holding Corp 2.29%
  7. Pool Corp 2.30%
  8. Paycom Software Inc 2.14%
  9. Nevro Corp 2.00%
  10. DexCom Inc 1.95%

Asset Allocation

Weighting Category Low Category High WSGAX % Rank Quintile
Stocks
94.06% 11.88% 101.33% 24.09% 4
Other
5.50% -2.46% 55.68% 1.26% 1
Bonds
0.44% -8.02% 77.46% 1.73% 1
Convertible Bonds
0.00% 0.00% 28.89% 0.94% 1
Cash
0.00% -1.33% 40.84% 28.03% 5
Preferred Stocks
0.00% 0.00% 10.15% 3.15% 1

Stock Sector Breakdown

Weighting Category Low Category High WSGAX % Rank Quintile
Technology
33.96% 1.34% 72.04% 4.57% 1
Healthcare
16.44% 1.10% 63.64% 20.00% 4
Consumer Cyclical
13.23% -0.10% 41.48% 19.06% 3
Industrials
8.41% 1.14% 31.40% 32.13% 5
Financial Services
5.31% -2.02% 28.78% 22.83% 4
Consumer Defense
5.21% -2.82% 12.77% 9.61% 2
Basic Materials
4.90% 0.00% 28.16% 13.54% 3
Energy
4.73% 0.00% 20.20% 3.62% 1
Real Estate
1.87% -5.58% 15.70% 18.74% 4
Communication Services
0.00% -0.97% 6.07% 17.32% 3
Utilities
0.00% -1.64% 9.47% 11.02% 2

Stock Geographic Breakdown

Weighting Category Low Category High WSGAX % Rank Quintile
US
92.18% 2.64% 100.00% 21.89% 4
Non US
1.88% 0.00% 88.22% 19.06% 3

Bond Sector Breakdown

Weighting Category Low Category High WSGAX % Rank Quintile
Corporate
0.44% 0.00% 47.74% 2.56% 1
Securitized
0.00% 0.00% 21.53% 0.32% 1
Cash & Equivalents
0.00% -3.24% 40.84% 29.97% 5
Derivative
0.00% -0.01% 1.16% 0.48% 1
Municipal
0.00% 0.00% 0.37% 0.32% 1
Government
0.00% -16.72% 21.70% 1.60% 1

Bond Geographic Breakdown

Weighting Category Low Category High WSGAX % Rank Quintile
US
0.44% -11.13% 55.22% 1.73% 1
Non US
0.00% 0.00% 22.24% 0.47% 1

WSGAX - Expenses

Operational Fees

WSGAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.44% 0.07% 27.39% 20.47% 3
Management Fee 0.85% 0.03% 1.50% 4.25% 3
12b-1 Fee 0.25% 0.00% 1.00% 2.17% 2
Administrative Fee 0.01% 0.00% 0.45% 9.78% 1

Sales Fees

WSGAX Fees (% of AUM) Category Low Category High WSGAX Rank Quintile
Front Load 5.75% 0.00% 5.75% 1.05% 3
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

WSGAX Fees (% of AUM) Category Low Category High WSGAX Rank Quintile
Max Redemption Fee N/A 0.00% 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.

WSGAX Fees (% of AUM) Category Low Category High WSGAX Rank Quintile
Turnover 43.00% 2.00% 710.00% 18.27% 2

WSGAX - Distributions

Dividend Yield Analysis

WSGAX Category Low Category High WSGAX % Rank Quintile
Dividend Yield N/A 0.00% 15.65% N/A N/A

Dividend Distribution Analysis

WSGAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WSGAX Category Low Category High WSGAX % Rank Quintile
Net Income Ratio -0.80% -6.38% 2.19% 21.89% 4

Capital Gain Distribution Analysis

WSGAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

WSGAX - Managers

Timothy J. Miller

Manager

Start Date

Apr 01, 2010

Tenure

6.67

Tenure Rank

7.7%

Mr. Miller joined Ivy Investment Management Company and Waddell & Reed Investment Management Company in 2008 and has served as the portfolio manager for investment companies managed by WRIMCO or IICO since March 2008. He is Senior Vice President of WRIMCO and IICO. Previous serving as the primary portfolio manager of the Invesco from December 1993 through mid-2004, as the Chief Investment Officer of Invesco Funds Group, Inc. from July 2000 until July 2003, and as the Chief Investment Officer of the Denver Investment Center of Invesco North America from July 2003 until 2004.


Bradley P. Halverson

Manager

Start Date

Oct 01, 2016

Tenure

0.16

Tenure Rank

16.3%

Bradley P. Halverson, CFA Vice President, Portfolio Manager Bradley Halverson is a Vice President of Waddell & Reed Investment Management Company and Ivy Investment Management Company. Mr. Halverson graduated from Brigham Young University in 1995 with a BS and MS in Accounting. He earned an MBA from the University of Michigan in 2002 with an emphasis in Finance and Corporate Strategy. Prior to joining Waddell & Reed, Mr. Halverson was associated with Northpointe Capital as an equity analyst responsible for researching growth stocks across micro, small, and mid cap portfolios. From 2002 to 2004 he was an associate in health care investment banking for A.G. Edwards & Sons, Inc. Mr. Halverson was affiliated with PricewaterhouseCoopers, LLP in positions of increasing responsibility from 1995 through 2000 culminating as a manager in business advisory services. Mr. Halverson joined Waddell & Reed in 2008 as an equity investment analyst on the Small Cap Growth team. He was appointed assistant vice president in 2013. He was named assistant portfolio manager of small cap growth institutional accounts in 2014, an expansion of his role on the team. Mr. Halverson was appointed vice president in 2015. His research responsibilities are concentrated in commercial services and supplies, and diversified consumer services. Mr. Halverson was named co-portfolio manager of the small cap growth product suite in 2016. The product suite includes Ivy Small Cap Growth Fund, Ivy VIP Small Cap Growth, Waddell & Reed Advisors Small Cap Fund and institutional accounts. Mr. Halverson is a CFA charterholder. He is a member of the CFA Institute. He is a former Certified Public Accountant (CPA).


Kenneth G. McQuade

Manager

Start Date

Oct 01, 2016

Tenure

0.16

Tenure Rank

16.3%

Kenneth G. McQuade was named co portfolio manager of the small cap growth product suit in 2016. He was sole portfolio manager of Ivy VIP Small Growth from 2016 to 2016. Mr. McQuade joined Waddell & Reed in 1997 as an investment analyst. He was an assistant portfolio manager of separately managed small cap accounts from August 2003 until March 2010. Mr. McQuade is Senior Vice President of WRIMCO and IICO and Vice President of the Trust. He earned a BS degree in finance from Bradley University.


Tenure Analysis

Category Low

0.0

Category High

44.1

Category Average

6.59

Category Mode

1.9