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IASRX Ivy Asset Strategy R

  • Fund
  • IASRX
  • Price as of: Sep 20, 2019
  • $21.33 - $0.00 - 0.00%

IASRX - Profile

Vitals

  • YTD Return 14.3%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -7.1%
  • Net Assets $2.92 B
  • Holdings in Top 10 22.6%

52 WEEK LOW AND HIGH

$21.33
$18.01
$24.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.47%

SALES FEES

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

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 14.3%
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.40%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Ivy Asset Strategy Fund
  • Fund Family Name Ivy Funds
  • Inception Date Jul 31, 2008
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Chace F. Brundige

IASRX - Performance

Return Ranking - Trailing

Period IASRX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% -5.5% 20.2% 7.69%
1 Yr -13.8% -16.3% 6.4% 97.82%
3 Yr 0.6%* -4.0% 7.6% 67.51%
5 Yr -7.1%* -7.7% 4.0% 99.27%
10 Yr -0.3%* -1.8% 6.7% 96.34%

* Annualized


Return Ranking - Calendar

Period IASRX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.9% -21.7% 0.0% 99.43%
2017 15.1% -3.1% 19.3% 6.23%
2016 -5.8% -9.5% 13.7% 98.01%
2015 -14.0% -19.1% 1.0% 96.03%
2014 -20.6% -21.3% 8.3% 99.24%

Total Return Ranking - Trailing

Period IASRX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% -5.5% 20.2% 7.69%
1 Yr 2.3% -16.3% 6.5% 32.70%
3 Yr 7.6%* -3.9% 9.0% 2.84%
5 Yr 1.4%* -7.7% 7.0% 71.17%
10 Yr 4.6%* -1.8% 9.6% 63.87%

* Annualized


Total Return Ranking - Calendar

Period IASRX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.6% -21.7% 0.0% 14.16%
2017 18.0% -3.1% 22.1% 8.10%
2016 -5.8% -9.5% 20.7% 98.34%
2015 -8.7% -15.9% 6.2% 90.61%
2014 -5.3% -21.3% 10.0% 94.27%

NAV & Total Return History

IASRX - Holdings

Concentration Analysis

IASRX Category Low Category High IASRX % Rank
Net Assets 2.92 B 1.73 M 110 B 36.81%
Number of Holdings 141 54 3759 80.31%
Net Assets in Top 10 690 M -15.8 M 19.6 B 35.70%
Weighting of Top 10 22.61% 6.5% 281.0% 46.72%

Top 10 Holdings

  1. Gold 5.39%

  2. Microsoft Corp 3.16%

  3. Airbus SE 2.20%

  4. Nestle SA 1.99%

  5. Fiserv Inc 1.86%

  6. Walmart Inc 1.82%

  7. AIA Group Ltd 1.61%

  8. Adobe Inc 1.55%

  9. Visa Inc Class A 1.51%

  10. Royal Bank of Scotland Group plc 8.63% 1.51%


Asset Allocation

Weighting Return Low Return High IASRX % Rank
Stocks
65.52% 20.69% 78.86% 14.96%
Bonds
20.45% 20.32% 64.02% 97.38%
Convertible Bonds
5.85% 0.00% 5.85% 1.31%
Other
5.76% -5.92% 14.62% 7.61%
Cash
2.42% -9.02% 50.88% 81.10%
Preferred Stocks
0.00% 0.00% 6.78% 88.45%

Stock Sector Breakdown

Weighting Return Low Return High IASRX % Rank
Industrials
12.82% 0.02% 12.82% 1.33%
Financial Services
12.31% 0.00% 18.69% 8.78%
Technology
11.50% 0.00% 22.42% 17.29%
Consumer Defense
8.12% 0.00% 13.50% 15.43%
Healthcare
6.92% 0.00% 12.22% 42.82%
Consumer Cyclical
6.34% 0.00% 27.50% 31.12%
Energy
5.04% 0.00% 12.30% 21.01%
Utilities
1.01% 0.00% 10.48% 73.14%
Basic Materials
0.75% 0.00% 7.38% 93.35%
Communication Services
0.71% 0.00% 9.51% 89.10%
Real Estate
0.00% -0.21% 56.67% 95.74%

Stock Geographic Breakdown

Weighting Return Low Return High IASRX % Rank
US
34.91% -0.12% 55.72% 31.50%
Non US
30.61% 0.17% 58.23% 22.05%

Bond Sector Breakdown

Weighting Return Low Return High IASRX % Rank
Corporate
20.45% -0.53% 41.59% 22.31%
Government
5.55% -28.14% 47.33% 84.51%
Cash & Equivalents
0.48% -24.17% 51.73% 90.29%
Securitized
0.29% 0.00% 55.61% 77.69%
Derivative
0.00% -16.28% 28.96% 57.48%
Municipal
0.00% 0.00% 26.76% 79.53%

Bond Geographic Breakdown

Weighting Return Low Return High IASRX % Rank
US
12.52% -2.11% 53.76% 91.60%
Non US
7.93% -14.45% 64.23% 50.92%

IASRX - Expenses

Operational Fees

IASRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.07% 26.19% 29.70%
Management Fee 0.64% 0.00% 2.05% 55.09%
12b-1 Fee 0.50% 0.00% 1.00% 63.93%
Administrative Fee 0.01% 0.01% 0.30% 3.68%

Sales Fees

IASRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IASRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 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.

IASRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 14.00% 551.00% 46.44%

IASRX - Distributions

Dividend Yield Analysis

IASRX Category Low Category High IASRX % Rank
Dividend Yield 0.17% 0.00% 4.87% 83.03%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

IASRX Category Low Category High IASRX % Rank
Net Income Ratio 1.40% -0.55% 4.23% 67.30%

Capital Gain Distribution Analysis

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

IASRX - Managers

Chace F. Brundige

Manager

Start Date

Tenure

Tenure Rank

Aug 04, 2014

5.08

5.1%

Chace Brundige is a Senior Vice President of Waddell & Reed Investment Management Company and Ivy Investment Management Company. Mr. Brundige graduated from Kansas State University in 1991 with a BS in Finance. He earned an MBA with an emphasis in Finance and Accounting from the University of Chicago Graduate School of Business in 1996. Mr. Brundige began his investment career at UMB Financial Corp. in 1991. In 1996 he joined Waddell & Reed as an equity investment analyst. Mr. Brundige joined TCW/WestBridge Ventures LLC in San Francisco as a vice president and limited partner in 1999. He was an original member of Trust Company of the West’s venture capital arm. In 2001 he became a vice president and sector head for Citadel Investment Group where he oversaw the software and IT services team within Citadel’s long/short equity group. Mr. Brundige rejoined Waddell & Reed in 2003 as an assistant portfolio manager with the large cap growth team. He managed the Waddell & Reed Advisors Tax-Managed Equity Fund from 2006 through 2008. Mr. Brundige assumed portfolio manager responsibility for the Waddell & Reed Advisors International Growth Fund, Ivy International Growth Fund, and Ivy Funds VIP International Growth in 2009. He was appointed senior vice president in 2012. Mr. Brundige joined the Asset Strategy team in 2014 as a portfolio manager. He is currently a portfolio manager of Waddell & Reed Advisors Asset Strategy Fund, Ivy Asset Strategy Fund, Ivy Funds VIP Asset Strategy and Asset Strategy institutional accounts. Mr. Brundige is a CFA charterholder.


W. Jeffery Surles

Manager

Start Date

Tenure

Tenure Rank

Feb 06, 2018

1.56

1.6%

Jeff Surles is a Vice President of Ivy Investment Management Company, a subsidiary of Waddell & Reed Financial, Inc. Mr. Surles graduated from Vanderbilt University in 2000 with a BS in organizational development. He earned an MBA with emphasis in finance from the University of Wisconsin in 2007. While attending the University of Wisconsin he was actively involved in the Applied Security Analysis Program and completed an internship at Provident Trust Company. Prior to joining Waddell & Reed, Mr. Surles was employed by Surles Development Corp. as a portfolio manager from 2003 to 2005, and an investment analyst from 2001 to 2003. In the fall of 2000, he was a sales analyst for Enterprise Development Services, Inc. Mr. Surles joined Waddell & Reed in June 2007 as a fixed income investment analyst. He was appointed assistant vice president in January 2012. Mr. Surles was named co-portfolio manager of the Ivy Global Income Allocation Fund (formerly Ivy International Balanced Fund) in June 2012. Mr. Surles was appointed vice president and assumed sole management responsibilities for the Ivy Global Income Allocation Fund in 2014. Mr. Surles is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

27.68

Category Average

6.77

Category Mode

6.67