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WASCX Ivy Asset Strategy C

  • Fund
  • WASCX
  • Price as of: May 14, 2019
  • $19.46 + $0.13 + 0.67%
  • Category
  • Global Allocation

WASCX - Profile

Vitals

  • YTD Return 9.8%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -8.2%
  • Net Assets $3.12 B
  • Holdings in Top 10 22.0%

52 WEEK LOW AND HIGH

$19.46
$17.10
$23.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.89%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

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 9.8%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return -8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Ivy Asset Strategy Fund
  • Fund Family Name Ivy Funds
  • Inception Date Apr 20, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager F. Chace Brundige

Fund Description

The Ivy Asset Strategy Fund Class C (WASCX) is an actively managed world allocation fund that holds a combination of stocks, bonds and cash. As a world fund, WASCX can hold stocks and bonds from both emerging and developed markets. There are no market capitalization or credit rating requirements. WASCX has a very flexible mandate and can shift wildly between asset classes and even eliminate some altogether.

Given its sweeping and shifting mandate, WASCX 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.

WASCX - Performance

Return Ranking - Trailing

Period WASCX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -5.7% 11.3% 4.70%
1 Yr -16.2% -26.6% 5.3% 98.74%
3 Yr -0.8%* -3.1% 48.2% 92.11%
5 Yr -8.2%* -8.3% 21.0% 99.68%
10 Yr 0.5%* 0.2% 14.4% 98.61%

* Annualized


Return Ranking - Calendar

Period WASCX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.6% -32.0% 3.8% 98.74%
2017 14.8% -5.0% 26.2% 17.03%
2016 -6.1% -9.5% 210.7% 96.21%
2015 -14.5% -21.2% -0.3% 94.64%
2014 -21.2% -21.3% 16.3% 99.66%

Total Return Ranking - Trailing

Period WASCX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -5.7% 11.3% 5.33%
1 Yr -16.2% -26.6% 6.1% 98.74%
3 Yr -0.8%* -3.1% 55.0% 95.90%
5 Yr -8.2%* -8.3% 30.6% 99.68%
10 Yr 0.5%* 0.5% 19.0% 99.31%

* Annualized


Total Return Ranking - Calendar

Period WASCX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.6% -32.0% 3.8% 98.74%
2017 14.8% -3.7% 29.6% 38.49%
2016 -6.1% -9.5% 233.7% 97.79%
2015 -14.5% -20.2% 6.6% 96.21%
2014 -21.2% -21.3% 17.1% 99.66%

NAV & Total Return History

WASCX - Holdings

Concentration Analysis

WASCX Category Low Category High WASCX % Rank
Net Assets 3.12 B 8.8 M 104 B 20.06%
Number of Holdings 147 2 3633 61.13%
Net Assets in Top 10 681 M -69.1 M 17.8 B 23.82%
Weighting of Top 10 22.01% 0.0% 895.1% 74.29%

Top 10 Holdings

  1. Gold 4.87%

  2. Microsoft Corp 3.16%

  3. Airbus SE 2.04%

  4. Pfizer Inc 1.97%

  5. Nestle SA 1.81%

  6. Visa Inc Class A 1.73%

  7. Amazon.com Inc 1.73%

  8. Royal Dutch Shell PLC Class A 1.59%

  9. Walmart Inc 1.58%

  10. Qualcomm Inc 1.54%


Asset Allocation

Weighting Return Low Return High WASCX % Rank
Stocks
67.93% 0.00% 259.25% 24.14%
Bonds
21.95% -234.98% 117.30% 73.35%
Other
4.82% -1.05% 40.16% 21.94%
Convertible Bonds
3.95% 0.00% 13.02% 5.64%
Cash
1.37% -88.21% 98.17% 82.76%
Preferred Stocks
0.00% 0.00% 17.45% 78.68%

Stock Sector Breakdown

Weighting Return Low Return High WASCX % Rank
Technology
12.89% -2.13% 44.06% 14.24%
Financial Services
12.15% 0.00% 38.98% 17.09%
Industrials
10.29% -0.35% 18.58% 5.70%
Healthcare
9.49% -1.73% 20.86% 9.81%
Consumer Defense
8.56% -0.58% 18.16% 12.66%
Consumer Cyclical
6.70% -1.09% 25.91% 28.48%
Energy
4.95% 0.00% 17.54% 35.13%
Basic Materials
0.88% -1.03% 15.55% 87.34%
Communication Services
0.81% 0.00% 14.83% 78.48%
Utilities
0.75% -0.84% 19.70% 80.70%
Real Estate
0.00% -0.42% 32.59% 94.62%

Stock Geographic Breakdown

Weighting Return Low Return High WASCX % Rank
US
39.74% -9.56% 99.60% 13.48%
Non US
28.19% -23.73% 159.65% 52.04%

Bond Sector Breakdown

Weighting Return Low Return High WASCX % Rank
Corporate
21.39% 0.00% 58.86% 18.50%
Government
4.50% -242.10% 104.67% 75.86%
Cash & Equivalents
1.37% -106.96% 98.17% 78.68%
Derivative
0.00% -1.85% 16.22% 52.98%
Securitized
0.00% 0.00% 29.27% 80.25%
Municipal
0.00% 0.00% 5.08% 62.38%

Bond Geographic Breakdown

Weighting Return Low Return High WASCX % Rank
US
13.88% -262.85% 104.67% 65.83%
Non US
8.07% -26.29% 59.99% 56.43%

WASCX - Expenses

Operational Fees

WASCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.01% 11.20% 18.18%
Management Fee 0.62% 0.00% 1.56% 46.08%
12b-1 Fee 1.00% 0.00% 1.00% 88.10%
Administrative Fee 0.01% 0.01% 0.47% 1.68%

Sales Fees

WASCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 63.79%

Trading Fees

WASCX 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.

WASCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 0.00% 494.00% 30.48%

WASCX - Distributions

Dividend Yield Analysis

WASCX Category Low Category High WASCX % Rank
Dividend Yield 0.01% 0.00% 1.13% 83.39%

Dividend Distribution Analysis

WASCX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

WASCX Category Low Category High WASCX % Rank
Net Income Ratio 0.11% -1.57% 5.11% 93.73%

Capital Gain Distribution Analysis

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

WASCX - Managers

F. Chace Brundige

Manager

Start Date

Tenure

Tenure Rank

Aug 04, 2014

4.74

4.7%

F. Chace Brundige is a Senior Vice President of Ivy Investment Management Company. Brundige joined WRIMCO in 1996 as an equity investment analyst. In 1999 he left to join TCW/WestBridge Ventures LLC as a vice president and limited partner. From 2001 through August 2003, Mr. Brundige was employed by Citadel Investment Group. In 2003, he rejoined WRIMCO as an assistant portfolio manager for the Large Cap Growth equity team. He is Vice President of WRIMCO and IICO. Brundige holds the Chartered Financial Analyst designation.


W. Jeffery Surles

Manager

Start Date

Tenure

Tenure Rank

Feb 06, 2018

1.23

1.2%

Mr. Surles is Assistant Vice President of Ivy Investment Management Company. He joined Waddell & Reed Investment Management Company in 2007 initially serving as an investment analyst. Mr. Surles earned a BS degree from Vanderbilt University, and an MBA from the University of Wisconsin. He is a Chartered Financial Analyst.


Tenure Analysis

Category Low

0.0

Category High

27.35

Category Average

6.05

Category Mode

6.33