Vital Statistics And Company Information

Through its subsidiaries, Waddell & Reed Financial, Inc. (NYSE: WDR) provides investment management and financial planning services to clients throughout the United States.

Ivy Investment Management Company serves as investment adviser, and Ivy Funds Distributor, Inc. serves as distributor of the Ivy Funds. Waddell & Reed Investment Management Company serves as investment adviser and Waddell & Reed, Inc. serves as principal underwriter and distributor of the Waddell & Reed Advisors Funds, Ivy Funds VIP, and Waddell & Reed InvestEd Portfolios. Waddell & Reed Financial, Inc. is the ultimate parent company of these organizations

Company Information

• WDR (NYSE), S&P 400
• Waddell & Reed founded in 1937
• One of the oldest mutual fund complexes in the United States
• Introduced Waddell & Reed Advisors Group of Funds in 1940
• Introduced the Ivy Funds VIP (formerly known as W&R Target Funds) in 1987¹
• Introduced the Ivy Funds (formerly known as W&R Funds) in 1992
• Introduced the Waddell & Reed InvestEd Plan in 2001²
• WDR acquired the investment adviser to the Ivy Funds in December 2002

Investment Management Team

• Hank Herrmann, chief executive officer, brings over 46 years experience, 38 years at W&R
• Portfolio managers average 20 years experience, 14 years at W&R

Assets Under Management³

As of September 30, 2009 the Company had total assets under management of $64.5 billion:

• Assets under management in the Waddell & Reed Advisors Funds are $20.3 billion
• Assets under management in the Ivy Funds are $31.2 billion
• Assets under management in the Ivy Funds VIP are $5.8 billion
• Assets under management in Institutional separate accounts are $7.2 billion

1. Ivy Funds VIP are only available as investment options in variable annuity and variable life insurance contracts issued by life insurance companies. They are not offered or made available directly to the general public.
2. The Waddell & Reed InvestEd Plan is a Section 529 college savings plan.
3. Includes assets under management by all investment managers within the Waddell & Reed organization. Assets under management will change over time.