IRESX: Ivy LaSalle Global Real Estate Fund - MutualFunds.com

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IRESX - Snapshot

Vitals

  • YTD Return -14.6%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $100 M
  • Holdings in Top 10 32.8%

52 WEEK LOW AND HIGH

$9.37
$6.83
$11.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

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

BROKERAGE FEES

  • Turnover 88.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare IRESX to Popular International Real Estate Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.01

+0.81%

$7.49 B

8.25%

$0.82

-15.10%

0.35%

$29.69

+0.54%

$5.04 B

9.19%

$2.71

-16.86%

0.12%

$48.89

+0.29%

$5.04 B

9.18%

$4.48

-17.26%

0.12%

$3.94

+0.77%

$4.92 B

16.41%

$0.64

-21.04%

0.28%

$9.02

+0.90%

$2.85 B

7.33%

$0.66

-13.02%

IRESX - Profile

Distributions

  • YTD Total Return -14.6%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
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
    Inst
  • 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.


IRESX - Performance

Return Ranking - Trailing

Period IRESX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.6% -35.2% 3.2% 51.42%
1 Yr -12.7% -32.0% 3.4% 58.22%
3 Yr 0.5%* -6.8% 8.5% 61.39%
5 Yr 2.1%* -2.4% 8.5% 79.90%
10 Yr N/A* 0.3% 8.0% N/A

* Annualized

Return Ranking - Calendar

Period IRESX Return Category Return Low Category Return High Rank in Category (%)
2019 13.1% 1.0% 26.5% 63.33%
2018 -9.7% -27.7% 73.0% 57.98%
2017 6.8% -6.3% 29.0% 56.18%
2016 -1.3% -31.0% 42.6% 41.21%
2015 -3.3% -27.7% 2.8% 36.24%

Total Return Ranking - Trailing

Period IRESX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.6% -35.2% 3.2% 51.42%
1 Yr -12.7% -35.0% 3.4% 51.42%
3 Yr 0.5%* -7.8% 8.5% 58.42%
5 Yr 2.1%* -2.7% 8.5% 77.32%
10 Yr N/A* -0.2% 8.0% N/A

* Annualized

Total Return Ranking - Calendar

Period IRESX Return Category Return Low Category Return High Rank in Category (%)
2019 13.1% 1.0% 26.5% 63.33%
2018 -4.7% -27.7% 76.6% 11.17%
2017 9.0% 1.3% 29.0% 71.91%
2016 1.3% -27.8% 49.1% 48.48%
2015 -0.5% -11.0% 5.0% 34.23%

NAV & Total Return History


IRESX - Holdings

Concentration Analysis

IRESX Category Low Category High IRESX % Rank
Net Assets 100 M 1.76 M 7.49 B 66.51%
Number of Holdings 101 1 731 37.02%
Net Assets in Top 10 33 M 668 K 5.35 B 69.71%
Weighting of Top 10 32.79% 18.8% 100.0% 39.90%

Top 10 Holdings

  1. Vonovia SE 4.91%
  2. Vonovia SE 4.91%
  3. Vonovia SE 4.91%
  4. Vonovia SE 4.91%
  5. Vonovia SE 4.91%
  6. Vonovia SE 4.79%
  7. Vonovia SE 4.79%
  8. Vonovia SE 4.79%
  9. Vonovia SE 4.79%
  10. Vonovia SE 4.79%

Asset Allocation

Weighting Return Low Return High IRESX % Rank
Stocks
98.55% 13.60% 102.59% 50.23%
Cash
1.45% -2.59% 7.42% 37.98%
Preferred Stocks
0.00% 0.00% 23.47% 19.23%
Other
0.00% 0.00% 2.67% 53.85%
Convertible Bonds
0.00% 0.00% 0.66% 17.31%
Bonds
0.00% -15.73% 3.22% 16.90%

Stock Sector Breakdown

Weighting Return Low Return High IRESX % Rank
Real Estate
100.00% 70.83% 100.00% 3.85%
Utilities
0.00% 0.00% 3.16% 19.23%
Technology
0.00% 0.00% 12.06% 45.19%
Industrials
0.00% 0.00% 6.58% 29.33%
Healthcare
0.00% 0.00% 1.44% 23.56%
Financial Services
0.00% 0.00% 8.45% 29.33%
Energy
0.00% 0.00% 0.01% 16.35%
Communication Services
0.00% 0.00% 8.52% 37.02%
Consumer Defense
0.00% 0.00% 0.05% 16.35%
Consumer Cyclical
0.00% 0.00% 17.02% 62.02%
Basic Materials
0.00% 0.00% 0.83% 19.71%

Stock Geographic Breakdown

Weighting Return Low Return High IRESX % Rank
US
54.47% 0.00% 94.52% 19.23%
Non US
44.08% 0.00% 101.04% 76.92%

IRESX - Expenses

Operational Fees

IRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.11% 26.91% 52.15%
Management Fee 0.95% 0.09% 1.50% 82.16%
12b-1 Fee 0.00% 0.00% 1.00% 3.00%
Administrative Fee N/A 0.01% 0.26% 6.93%

Sales Fees

IRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IRESX 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.

IRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 88.00% 0.00% 242.00% 80.66%

IRESX - Distributions

Dividend Yield Analysis

IRESX Category Low Category High IRESX % Rank
Dividend Yield 0.00% 0.00% 10.88% 20.09%

Dividend Distribution Analysis

IRESX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

IRESX Category Low Category High IRESX % Rank
Net Income Ratio 1.90% -0.25% 4.01% 35.38%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

IRESX - Fund Manager Analysis

Managers

Matthew Sgrizzi


Start Date

Tenure

Tenure Rank

May 15, 2015

5.38

5.4%

Matthew Sgrizzi, CFA, is a Managing Director and the Chief Investment Officer of LaSalle. He is a Global Portfolio Manager with the responsibility for regional and sector allocation of global client portfolios and for managing diversified portions of LaSalle’s securities portfolios. Mr. Sgrizzi’s previous responsibilities included serving as the senior European analyst and acting as a deputy European portfolio manager. Prior to that, 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

4.08

4.1%

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

0.75

0.8%

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

0.75

0.8%

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
0.02 18.76 7.17 14.1