IREAX: Ivy LaSalle Global Real Estate A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

IREAX Ivy LaSalle Global Real Estate A


Profile

IREAX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $142 M
  • Holdings in Top 10 31.6%

52 WEEK LOW AND HIGH

$11.63
$10.69
$11.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.90%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 91.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $750
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Global Real Estate

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Ivy LaSalle Global Real Estate Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Apr 01, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Sgrizzi

Fund Description

The fund is a non-diversified fund that invests, under normal circumstances, at least 80% of its net assets in securities of companies in the real estate or real estate-related industries. It may make substantial investments in non-U.S. dollar denominated securities and may invest up to 100% of its total assets in foreign securities. The fund invests at least 40% (or, if the portfolio managers deem it warranted by market conditions, at least 30%) of its total assets in securities of non-U.S. issuers. It is non-diversified.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

IREAX - Performance

Return Ranking - Trailing

Period IREAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -38.4% 8.1% 28.45%
1 Yr 7.3% -34.9% 21.0% 52.74%
3 Yr 4.0%* -13.1% 30.0% 57.29%
5 Yr 0.5%* -10.4% 12.0% 50.60%
10 Yr N/A* -2.7% 14.3% N/A

* Annualized

Return Ranking - Calendar

Period IREAX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -13.5% 26.5% 63.71%
2018 -9.6% -27.7% 73.0% 53.59%
2017 6.5% -10.0% 23.6% 62.31%
2016 -1.2% -31.0% 42.6% 37.63%
2015 -3.4% -27.7% 2.8% 40.48%

Total Return Ranking - Trailing

Period IREAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -38.4% 8.1% 28.45%
1 Yr 7.3% -34.9% 21.0% 52.74%
3 Yr 6.3%* -9.8% 34.0% 53.77%
5 Yr 3.0%* -7.9% 20.8% 50.00%
10 Yr N/A* 0.4% 14.3% N/A

* Annualized

Total Return Ranking - Calendar

Period IREAX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -13.5% 26.5% 63.71%
2018 -5.0% -27.7% 76.6% 15.31%
2017 8.3% -7.1% 28.0% 79.90%
2016 1.6% -27.8% 49.1% 44.62%
2015 -0.5% -11.0% 5.0% 33.93%

NAV & Total Return History


Holdings

IREAX - Holdings

Concentration Analysis

IREAX Category Low Category High IREAX % Rank
Net Assets 142 M 119 K 9.22 B 62.45%
Number of Holdings 83 1 691 49.34%
Net Assets in Top 10 44.5 M 1.51 M 6.01 B 60.70%
Weighting of Top 10 31.63% 16.1% 100.0% 31.88%

Top 10 Holdings

  1. AvalonBay Communities Inc 4.10%
  2. Vonovia SE 3.64%
  3. Swire Properties Ltd 3.35%
  4. Mitsui Fudosan Co Ltd 3.13%
  5. Invitation Homes Inc 3.02%
  6. Welltower Inc 2.91%
  7. Equity Residential 2.89%
  8. Mitsubishi Estate Co Ltd 2.88%
  9. Public Storage 2.87%
  10. Simon Property Group Inc 2.86%

Asset Allocation

Weighting Return Low Return High IREAX % Rank
Stocks
99.80% 13.60% 100.15% 11.54%
Cash
0.20% -0.15% 6.66% 80.79%
Preferred Stocks
0.00% 0.00% 21.84% 15.72%
Other
0.00% -15.98% 78.71% 62.45%
Convertible Bonds
0.00% 0.00% 1.10% 15.28%
Bonds
0.00% -15.73% 17.73% 15.81%

Stock Sector Breakdown

Weighting Return Low Return High IREAX % Rank
Real Estate
99.35% 72.72% 100.00% 30.13%
Industrials
0.65% 0.00% 4.68% 15.72%
Utilities
0.00% 0.00% 2.64% 17.03%
Technology
0.00% 0.00% 7.95% 46.29%
Healthcare
0.00% 0.00% 5.09% 20.52%
Financial Services
0.00% 0.00% 11.01% 31.88%
Energy
0.00% 0.00% 0.03% 15.28%
Communication Services
0.00% 0.00% 2.59% 30.13%
Consumer Defense
0.00% 0.00% 0.05% 15.28%
Consumer Cyclical
0.00% 0.00% 13.02% 67.69%
Basic Materials
0.00% 0.00% 0.70% 20.09%

Stock Geographic Breakdown

Weighting Return Low Return High IREAX % Rank
US
53.39% 0.00% 67.31% 23.14%
Non US
46.41% 4.27% 98.86% 39.74%

Expenses

IREAX - Expenses

Operational Fees

IREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.90% 0.11% 5.51% 30.63%
Management Fee 0.95% 0.09% 1.50% 77.41%
12b-1 Fee 0.25% 0.00% 1.00% 12.04%
Administrative Fee N/A 0.01% 0.26% 5.94%

Sales Fees

IREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 8.00% 9.52%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

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.

IREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 91.00% 0.00% 242.00% 76.50%

Distributions

IREAX - Distributions

Dividend Yield Analysis

IREAX Category Low Category High IREAX % Rank
Dividend Yield 0.00% 0.00% 5.48% 50.21%

Dividend Distribution Analysis

IREAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

IREAX Category Low Category High IREAX % Rank
Net Income Ratio 1.40% -0.26% 4.45% 71.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IREAX - Fund Manager Analysis

Managers

Matthew Sgrizzi


Start Date

Tenure

Tenure Rank

May 15, 2015

4.72

4.7%

Matthew Sgrizzi, CFA, is a Managing Director of LaSalle. He is responsible for managing separate account portfolios of public European property companies and the European portion of LaSalle’s global securities portfolio accounts. He also is a deputy global portfolio manager with support responsibility for regional allocation of global client portfolios. Mr. Sgrizzi’s previous responsibilities included serving as the senior European analyst and acting as a deputy European portfolio manager based in LaSalle’s Amsterdam office. Prior to his time in Amsterdam, he held responsibilities as an analyst in Baltimore covering US lodging companies, Asia Pacific listed property companies and overall global portfolio management. He graduated from Loyola University Maryland with a B.A. in Finance, and joined LaSalle in 2002. Mr. Sgrizzi is a member of the Baltimore Security Analysts Society.

Lisa Kaufman


Start Date

Tenure

Tenure Rank

Sep 01, 2016

3.42

3.4%

Ms. Kaufman has held her Fund responsibilities since September 2016. She is a Managing Director of LaSalle and a North America Portfolio Manager. As North America Portfolio Manager, she is responsible for managing separate account portfolios of public North American property companies and the North American portion of LaSalle’s global securities portfolio accounts. Ms. Kaufman’s previous responsibilities included serving as a Senior Analyst, covering U.S. retail, U.S. industrial and Canadian retail companies, as well as acting as the Deputy Portfolio Manager for North America. Ms. Kaufman received an MBA in Finance from Columbia Business School and an AB in Urban Studies and Political Science from Brown University. She joined LaSalle in 1994. Ms. Kaufman is a member of NAREIT and ICSC.

Ben Lentz


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.08

0.1%

Mr. Lentz is a Managing Director with LaSalle. He is a Portfolio Manager responsible for managing retail and industrial portions of LaSalle’s securities portfolios. His prior responsibilities at the firm included serving as a North America deputy portfolio manager, Director of Research and security analysis of publicly traded regional malls and hotel real estate companies. He earned a B.A. in Economics and Political Science from The Johns Hopkins University in 2000. Mr. Lentz is a Chartered Financial Analyst.

Paul Meierdierck


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.08

0.1%

Mr. Meierdierck is a Managing Director with LaSalle. He is a Portfolio Manager responsible for managing office, residential and healthcare portions of LaSalle’s securities portfolios. He joined LaSalle in 2007. His prior responsibilities at the firm included security analysis of publicly traded residential and healthcare real estate companies in the United States and real estate companies in Canada. He earned a B.B.A. in Finance from James Madison University. Mr. Meierdierck is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 21.01 7.22 13.43