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WASAX Ivy Asset Strategy A

  • Fund
  • WASAX
  • Price as of: Apr 23, 2019
  • $21.32 + $0.13 + 0.61%
  • Category
  • Global Allocation

WASAX - Profile

Vitals

  • YTD Return 12.7%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -7.5%
  • Net Assets $3.09 B
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$21.32
$18.25
$25.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$750

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

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.

WASAX - Performance

Return Ranking - Trailing

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -2.4% 15.6% 5.64%
1 Yr -11.7% -22.4% 6.1% 98.11%
3 Yr 0.6%* -2.8% 49.0% 82.33%
5 Yr -7.5%* -8.3% 22.0% 99.03%
10 Yr 1.3%* 0.5% 15.1% 96.27%

* Annualized


Return Ranking - Calendar

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.7% -32.0% 3.8% 98.11%
2017 15.0% -5.0% 26.2% 15.77%
2016 -5.4% -9.5% 210.7% 93.38%
2015 -13.9% -21.2% -0.3% 93.38%
2014 -20.4% -21.3% 16.3% 98.99%

Total Return Ranking - Trailing

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -2.4% 15.6% 5.64%
1 Yr -11.7% -22.4% 6.9% 98.42%
3 Yr 0.6%* -2.8% 55.3% 91.48%
5 Yr -7.5%* -8.3% 31.5% 99.35%
10 Yr 1.3%* 0.8% 19.8% 98.51%

* Annualized


Total Return Ranking - Calendar

Period WASAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.7% -32.0% 3.8% 98.42%
2017 15.0% -3.7% 29.6% 36.28%
2016 -5.4% -9.5% 233.7% 96.21%
2015 -13.9% -20.2% 6.6% 95.58%
2014 -20.4% -21.3% 17.1% 99.32%

NAV & Total Return History

WASAX - Holdings

Concentration Analysis

WASAX Category Low Category High WASAX % Rank
Net Assets 3.09 B 8.64 M 103 B 21.63%
Number of Holdings 147 2 3648 62.70%
Net Assets in Top 10 681 M -58.9 M 17.8 B 25.39%
Weighting of Top 10 22.01% 0.0% 950.3% 73.04%

Top 10 Holdings

  1. Gold 4.87%

  2. Gold 4.87%

  3. Gold 4.87%

  4. Gold 4.87%

  5. Gold 4.87%

  6. Gold 4.87%

  7. Gold 4.87%

  8. Gold 4.87%

  9. Microsoft Corp 3.16%

  10. Airbus SE 2.04%


Asset Allocation

Weighting Return Low Return High WASAX % Rank
Stocks
67.93% -18.32% 259.25% 25.71%
Bonds
21.95% -234.98% 120.80% 73.67%
Other
5.60% -0.97% 48.38% 23.82%
Convertible Bonds
3.95% 0.00% 13.02% 6.27%
Cash
0.59% -88.21% 118.36% 91.54%
Preferred Stocks
0.00% 0.00% 17.45% 99.69%

Stock Sector Breakdown

Weighting Return Low Return High WASAX % Rank
Technology
12.89% -3.70% 44.06% 16.03%
Financial Services
12.15% 0.00% 38.98% 20.19%
Industrials
10.29% 0.00% 18.58% 8.97%
Healthcare
9.49% -1.09% 20.86% 9.62%
Consumer Defense
8.56% -0.14% 18.16% 14.42%
Consumer Cyclical
6.70% -0.60% 25.91% 28.21%
Energy
4.95% 0.00% 17.54% 35.90%
Basic Materials
0.88% 0.00% 15.55% 86.54%
Communication Services
0.81% 0.00% 14.31% 79.49%
Utilities
0.75% -0.50% 19.70% 78.53%
Real Estate
0.00% -0.16% 29.94% 98.08%

Stock Geographic Breakdown

Weighting Return Low Return High WASAX % Rank
US
39.74% -45.05% 99.60% 13.17%
Non US
28.19% -15.36% 159.65% 49.53%

Bond Sector Breakdown

Weighting Return Low Return High WASAX % Rank
Corporate
21.39% 0.00% 57.61% 20.06%
Government
4.50% -242.10% 120.80% 75.24%
Cash & Equivalents
0.59% -88.21% 141.04% 85.58%
Derivative
0.00% -12.61% 16.06% 76.80%
Securitized
0.00% 0.00% 29.27% 99.69%
Municipal
0.00% 0.00% 4.87% 99.69%

Bond Geographic Breakdown

Weighting Return Low Return High WASAX % Rank
US
13.88% -262.85% 668.05% 69.28%
Non US
8.07% -716.47% 73.38% 55.17%

WASAX - Expenses

Operational Fees

WASAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.01% 11.20% 53.92%
Management Fee 0.62% 0.00% 1.56% 47.65%
12b-1 Fee 0.25% 0.00% 1.00% 51.43%
Administrative Fee 0.01% 0.01% 0.47% 5.03%

Sales Fees

WASAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.15% 5.75% 35.29%
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 0.11% 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.

WASAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 0.00% 494.00% 32.38%

WASAX - Distributions

Dividend Yield Analysis

WASAX Category Low Category High WASAX % Rank
Dividend Yield 0.01% 0.00% 0.27% 63.64%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

WASAX Category Low Category High WASAX % Rank
Net Income Ratio 0.90% -1.57% 5.11% 77.12%

Capital Gain Distribution Analysis

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

WASAX - Managers

Tenure Analysis

Category Low

0.0

Category High

27.26

Category Average

5.98

Category Mode

6.25