IRSRX: Ivy Securian Real Estate Securities R

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.

IRSRX Ivy Securian Real Estate Securities R


Profile

IRSRX - Profile

Vitals

  • YTD Return 7.4%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -2.6%
  • Net Assets $426 M
  • Holdings in Top 10 41.1%

52 WEEK LOW AND HIGH

$25.83
$23.22
$26.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 7.4%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Ivy Securian Real Estate Securities Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Dec 29, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lowell Bolken

Fund Description

The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in the securities of companies in the real estate or real estate-related industries. "Real estate" securities include securities of issuers that receive at least 50% of their gross revenue from the construction, ownership, leasing, management, financing or sale of residential, commercial or industrial real estate.


Sign up for Advisor Access

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


Categories

Performance

IRSRX - Performance

Return Ranking - Trailing

Period IRSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -0.3% 10.5% 27.74%
1 Yr 7.9% -25.6% 37.0% 65.41%
3 Yr -0.8%* -16.6% 13.0% 75.44%
5 Yr -2.6%* -15.3% 9.2% 77.50%
10 Yr 6.1%* -3.4% 13.6% 57.26%

* Annualized

Return Ranking - Calendar

Period IRSRX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -22.7% 43.1% 70.30%
2018 -11.9% -44.0% 2.2% 69.05%
2017 -6.7% -16.4% 25.4% 82.46%
2016 -5.8% -28.0% 12.5% 76.85%
2015 -1.5% -19.4% 2.4% 21.21%

Total Return Ranking - Trailing

Period IRSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -0.3% 10.5% 27.74%
1 Yr 7.9% -25.6% 37.0% 65.41%
3 Yr 5.5%* -15.9% 13.0% 45.18%
5 Yr 4.2%* -12.8% 9.2% 40.50%
10 Yr 10.5%* -1.3% 13.6% 31.45%

* Annualized

Total Return Ranking - Calendar

Period IRSRX Return Category Return Low Category Return High Rank in Category (%)
2019 13.0% -22.7% 43.1% 70.30%
2018 -5.9% -43.3% 3.3% 25.79%
2017 5.0% -13.6% 31.4% 39.91%
2016 3.9% -12.3% 12.5% 60.19%
2015 4.3% -15.2% 7.7% 14.14%

NAV & Total Return History


Holdings

IRSRX - Holdings

Concentration Analysis

IRSRX Category Low Category High IRSRX % Rank
Net Assets 426 M 2.13 M 71.3 B 45.28%
Number of Holdings 51 20 711 34.91%
Net Assets in Top 10 173 M 963 K 29.7 B 46.55%
Weighting of Top 10 41.14% 10.9% 95.6% 78.73%

Top 10 Holdings

  1. Prologis Inc 6.31%
  2. Equinix Inc 5.82%
  3. Alexandria Real Estate Equities Inc 4.76%
  4. Digital Realty Trust Inc 3.81%
  5. Duke Realty Corp 3.79%
  6. Invitation Homes Inc 3.74%
  7. AvalonBay Communities Inc 3.46%
  8. VICI Properties Inc Ordinary Shares 3.43%
  9. Simon Property Group Inc 3.04%
  10. Healthpeak Properties Inc 2.98%

Asset Allocation

Weighting Return Low Return High IRSRX % Rank
Stocks
99.54% 6.42% 124.18% 10.91%
Cash
0.46% -106.75% 19.21% 83.27%
Preferred Stocks
0.00% 0.00% 47.46% 29.09%
Other
0.00% -2.97% 88.65% 33.09%
Convertible Bonds
0.00% 0.00% 6.51% 23.64%
Bonds
0.00% -0.38% 97.77% 26.18%

Stock Sector Breakdown

Weighting Return Low Return High IRSRX % Rank
Real Estate
98.72% 38.43% 100.00% 52.06%
Consumer Cyclical
1.28% 0.00% 33.77% 19.10%
Utilities
0.00% 0.00% 6.28% 21.72%
Technology
0.00% 0.00% 15.26% 47.94%
Industrials
0.00% 0.00% 10.92% 26.59%
Healthcare
0.00% 0.00% 4.80% 22.47%
Financial Services
0.00% 0.00% 7.44% 31.46%
Energy
0.00% 0.00% 3.80% 19.85%
Communication Services
0.00% 0.00% 9.00% 23.60%
Consumer Defense
0.00% 0.00% 0.25% 19.48%
Basic Materials
0.00% 0.00% 5.72% 20.97%

Stock Geographic Breakdown

Weighting Return Low Return High IRSRX % Rank
US
99.54% 6.42% 124.18% 10.55%
Non US
0.00% 0.00% 31.90% 39.27%

Expenses

IRSRX - Expenses

Operational Fees

IRSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.07% 19.12% 35.27%
Management Fee 0.90% 0.00% 1.50% 80.36%
12b-1 Fee 0.50% 0.00% 1.00% 67.61%
Administrative Fee N/A 0.01% 0.47% 3.38%

Sales Fees

IRSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IRSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

IRSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 3.00% 257.00% 68.32%

Distributions

IRSRX - Distributions

Dividend Yield Analysis

IRSRX Category Low Category High IRSRX % Rank
Dividend Yield 0.07% 0.00% 5.99% 74.91%

Dividend Distribution Analysis

IRSRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

IRSRX Category Low Category High IRSRX % Rank
Net Income Ratio 1.05% -0.10% 5.67% 84.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IRSRX - Fund Manager Analysis

Managers

Lowell Bolken


Start Date

Tenure

Tenure Rank

Apr 30, 2006

13.76

13.8%

Lowell R. Bolken serves as Vice President and Portfolio Manager for Securian Asset Management, Inc. since March 2012. Mr. Bolken received a BA in Computer Science from the University of North Dakota in 1985. He earned an MBA in Real Estate and Financial Markets from Columbia University in 1989. He is a CFA charterholder and a member of the National Association of Real Estate Investment Trusts (NAREIT).

Matthew Richmond


Start Date

Tenure

Tenure Rank

Jan 02, 2014

6.08

6.1%

Matthew K. Richmond serves as Senior Vice President and Portfolio Manager for Securian Asset Management, Inc. since December 2018, previously Vice President and Portfolio Manager since December 2013.

Joshua Klaetsch


Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.76

1.8%

Josh provides fundamental and qualitative research on publicly traded real estate companies and related entities for the purpose of recommending purchase and sale of securities. As a member of the Real Estate Securities team, he is responsible for the investment performance of portfolios within the strategy. Josh is a CFA charterholder, a member of the CFA Institute, the CFA Society of Minnesota and the University of Wisconsin Real Estate Alumni Association.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.09 7.98 0.2