WASAX: Ivy Asset Strategy A

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WASAX Ivy Asset Strategy A

  • Fund
  • WASAX
  • Price as of: Dec 12, 2019
  • $21.39
    - $0.92 - 4.12%

Profile

WASAX - Profile

Vitals

  • YTD Return 13.1%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return -3.4%
  • Net Assets $2.89 B
  • Holdings in Top 10 23.0%

52 WEEK LOW AND HIGH

$21.39
$18.25
$22.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.16%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 13.1%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return -3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.71%
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 10, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Chace Brundige

Fund Description

The Ivy Asset Strategy Fund Class A (WASAX) is an actively managed world allocation fund that holds a combination of stocks, bonds and cash. As a world fund, WASAX can hold stocks and bonds from across the globe, including emerging and developed markets. There are no market cap or credit rating requirements. The fund has a very flexible mandate and can shift wildly between asset classes, eliminating some altogether.

Given this widely sweeping and shifting mandate, WASAX could make for an interesting side position for investors. Even more so, given its low costs. The fund is managed by Ivy Investment Management Co.


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Categories

Performance

WASAX - Performance

Return Ranking - Trailing

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.1% -7.9% 71.2% 50.55%
1 Yr 9.5% -18.2% 47.9% 34.95%
3 Yr 0.9%* -10.0% 12.9% 77.26%
5 Yr -3.4%* -8.5% 7.0% 95.83%
10 Yr -0.3%* -2.6% 9.1% 97.65%

* Annualized

Return Ranking - Calendar

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.7% -32.7% 0.0% 97.66%
2017 15.0% -3.7% 19.3% 6.30%
2016 -5.4% -9.5% 16.1% 98.35%
2015 -13.9% -19.5% 1.0% 96.31%
2014 -20.4% -21.3% 10.2% 98.98%

Total Return Ranking - Trailing

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.1% -7.9% 71.2% 51.88%
1 Yr 9.5% -18.2% 47.9% 50.11%
3 Yr 0.9%* -10.0% 17.6% 89.66%
5 Yr -3.4%* -8.5% 11.4% 98.51%
10 Yr -0.3%* -2.6% 9.9% 98.12%

* Annualized

Total Return Ranking - Calendar

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.7% -32.7% 0.0% 99.07%
2017 15.0% -3.7% 22.1% 29.92%
2016 -5.4% -9.5% 20.7% 98.63%
2015 -13.9% -19.5% 6.2% 96.92%
2014 -20.4% -21.3% 15.3% 99.32%

NAV & Total Return History


Holdings

WASAX - Holdings

Concentration Analysis

WASAX Category Low Category High WASAX % Rank
Net Assets 2.89 B 1.73 M 114 B 30.37%
Number of Holdings 151 52 4473 82.39%
Net Assets in Top 10 665 M -1.94 M 20.3 B 33.04%
Weighting of Top 10 22.98% 5.1% 245.2% 50.65%

Top 10 Holdings

  1. Gold 5.93%
  2. Microsoft Corp 2.64%
  3. Taiwan Semiconductor Manufacturing Co Ltd 2.40%
  4. Fiserv Inc 2.20%
  5. Walmart Inc 2.08%
  6. Royal Bank of Scotland Group plc 8.63% 1.58%
  7. Visa Inc Class A 1.57%
  8. ORIX Corp 1.54%
  9. Airbus SE 1.54%
  10. Nestle SA 1.50%

Asset Allocation

Weighting Return Low Return High WASAX % Rank
Stocks
63.86% 22.24% 79.10% 23.48%
Bonds
22.68% 20.05% 64.96% 91.52%
Other
6.27% -2.93% 65.27% 10.00%
Convertible Bonds
4.31% 0.00% 10.96% 9.78%
Cash
2.88% -26.10% 51.94% 71.52%
Preferred Stocks
0.00% 0.00% 20.67% 94.35%

Stock Sector Breakdown

Weighting Return Low Return High WASAX % Rank
Industrials
12.85% 0.15% 12.85% 1.76%
Financial Services
12.34% 0.00% 20.23% 6.81%
Technology
12.33% 0.00% 19.81% 11.87%
Healthcare
7.30% 0.00% 15.81% 35.82%
Consumer Defense
6.68% 0.00% 17.22% 20.00%
Consumer Cyclical
5.90% 0.00% 16.42% 31.43%
Energy
4.82% -0.52% 21.07% 21.98%
Utilities
0.94% -1.54% 13.26% 75.82%
Basic Materials
0.69% 0.00% 6.76% 92.31%
Real Estate
0.00% -0.11% 58.06% 98.24%
Communication Services
0.00% 0.00% 11.27% 99.56%

Stock Geographic Breakdown

Weighting Return Low Return High WASAX % Rank
Non US
32.76% 2.15% 59.64% 18.04%
US
31.10% -0.12% 51.43% 42.39%

Bond Sector Breakdown

Weighting Return Low Return High WASAX % Rank
Corporate
20.85% 0.00% 63.00% 31.74%
Government
4.97% -18.83% 47.03% 78.26%
Cash & Equivalents
2.88% -27.77% 71.17% 71.52%
Securitized
1.08% -29.84% 32.40% 75.87%
Municipal
0.08% 0.00% 9.14% 32.39%
Derivative
0.00% -18.88% 29.30% 71.09%

Bond Geographic Breakdown

Weighting Return Low Return High WASAX % Rank
US
13.47% -1.16% 47.05% 89.57%
Non US
9.21% -21.48% 31.29% 51.74%

Expenses

WASAX - Expenses

Operational Fees

WASAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.16% 0.07% 26.19% 50.99%
Management Fee 0.64% 0.00% 2.05% 52.93%
12b-1 Fee 0.25% 0.00% 1.00% 50.17%
Administrative Fee 0.01% 0.01% 0.40% 4.37%

Sales Fees

WASAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.20% 5.75% 41.86%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

WASAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 7.00% 586.00% 37.47%

Distributions

WASAX - Distributions

Dividend Yield Analysis

WASAX Category Low Category High WASAX % Rank
Dividend Yield 0.23% 0.00% 4.95% 71.58%

Dividend Distribution Analysis

WASAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

WASAX Category Low Category High WASAX % Rank
Net Income Ratio 1.71% -0.82% 6.29% 61.98%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WASAX - Fund Manager Analysis

Managers

Chace Brundige


Start Date

Tenure

Tenure Rank

Aug 04, 2014

5.33

5.3%

Mr. Brundige joined Ivy Investment Management Company as an assistant portfolio manager for the Large Cap Growth equity team, and became a portfolio manager in Feb. 2006. He is Senior Vice President of IICO, Vice President of the Trust, and Vice President of and portfolio manager for other investment companies for which IICO serves as investment manager. Mr. Brundige holds a BS degree in Finance from Kansas State University, and has earned an MBA with an emphasis in Finance and Accounting from the University of Chicago Graduate School of Business. Mr. Brundige is a Chartered Financial Analyst.

W. Jeffery Surles


Start Date

Tenure

Tenure Rank

Feb 06, 2018

1.81

1.8%

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 Category High Category Average Category Mode
0.11 27.93 6.35 5.19