Waddell & Reed

Fund Detail

Ivy Money Market Fund
Class E Shares

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Fund Facts
Ticker Symbol IVEXX
CUSIP 466000221
Fund Code 423
Fund Type Fixed Income Funds
Fund Inception 6/30/2000
Class Inception 4/2/2007
Fiscal Year End March
Dividends Paid Daily, Paid Monthly
Fund Assets (as of 4/30/2013) $176.0 mil
Total Holdings (as of 4/30/2013) 75
Lipper Category Money Market Funds
Fund Description
Fund Objective
To seek to provide current income consistent with maintaining liquidy and preservation of capital.

Investment Approach
The Fund seeks to achieve its objective by investing in U.S. dollar-denominated, high-quality money market obligations and instruments. The Fund seeks, as well, to maintain a net asset value (NAV) of $1.00 per share.
Returns and Expenses

Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

Class E shares are subject to an initial sales charge of 5.75 percent when purchased for your InvestEd Plan account; it also features a step down structure of lowering the initial sales charge based on the amount of your investment.
Monthly Rates of Return Average Annual Total Returns
as of 4/30/2013
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 0.01% 0.02% 0.03% 0.37% N/A 1.00%
Lipper Money Market Funds
(as of 4/30/2013) 		0.00% 0.02% 0.02% 0.28% 1.42% N/A
Quarterly Rates of Return Average Annual Total Returns
as of 3/31/2013
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 0.01% 0.02% 0.03% 0.41% N/A 1.01%
Expense Ratios
as of 7/31/2012
Net 0.78%
Gross 0.78%
Annualized 7-Day Yield
as of 5/17/2013
Subsidized 0.02%
Unsubsidized -0.51%
Ratings and Rankings
Lipper Rankings
as of 4/30/2013
Category: Money Market Funds
  Rank Percentile
1 Year 148 / 295 50
3 Year 142 / 276 52
5 Year 137 / 263 52

Rankings are based on average annual total returns, but do not consider sales charges.
Holdings
Portfolio Composition
(as a % of net assets as of 4/30/2013)
Cash and Cash Equivalents 100.00%
Top 10 Holdings
(as a % of net assets as of 4/30/2013)
Uinta Cnty, WY, Pollutn Ctl Rfdg Rev Bds (Chevron U.S.A. Inc. Proj), Ser 1992 (Chevron Corporation), 0.14%, 7/1/2010Uinta Cnty, WY, Pollutn Ctl Rfdg Rev Bonds (Chevron U.S.A. Inc. Proj), Ser 1992 (GTD by Chevron Corporation), 0.2%, 5/1/2013 4.4%
Toyota Motor Credit Corporation, 0.3%, 5/22/2013 3.4%
Harris Cnty Hosp Dist, Sr Lien Rfdg Rev Bonds, Ser 2010 (GTD by JPMorgan Chase & Co.), 0.2%, 5/7/2013 3.3%
Bank of America, N.A., 0.2%, 6/18/2013 3.1%
Muni Elec Auth GA, Gen Resolution Proj Bond Anticipation Notes, Ser B (Taxable), (GTD by Wells Fargo Bank, N.A.), 0.2%, 5/16/2013 2.9%
L Air Liquide S.A., 0.2%, 5/30/2013 2.8%
Corporacion Andina de Fomento, 0.8%, 5/28/2013 2.7%
American Honda Finance Corp. (GTD by Honda Motor Co.), 0.3%, 11/8/2013 2.6%
Banco del Estado de Chile, 1.0%, 7/19/2013 2.6%
American Honda Finance Corp. (GTD by Honda Motor Co.), 0.3%, 12/5/2013 2.3%
Total Portfolio Holdings
(updated monthly, upon availability)

View | Download (as of 4/30/2013)

Periods prior to the listed as of date are available after clicking the view link.

Maturity
(as of 4/30/2013)
Weighted Average Maturity 35 days
Weighted Average Life Maturity 85 days
Portfolio Management
Manager Name Company Name Years in Industry Years with Fund
Mira Stevovich is Vice President of IICO and WRIMCO, Vice President and Assistant Treasurer of Ivy Funds and Vice President and Assistant Treasurer of other investment companies for which IICO and WRIMCO serve as investment manager. Ms. Stevovich has served as the Portfolio Manager for investment companies managed by WRIMCO since May 1998 and has been an employee of WRIMCO and its predecessor since March 1987. Ms. Stevovich earned a BA degree from Colorado Womens College. She holds an MA degree in Soviet and East European Studies and an MBA degree from the University of Kansas. Ms. Stevovich is a Chartered Financial Analyst.Mira Stevovich, CFA Ivy Investment Management Company 26 12

Risk Factors: As with any mutual fund, the value of the Fund's shares will change, and you could lose money on your investment. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. These and other risks are more fully described in the fund's prospectus. Not all funds or fund classes may be offered at all broker/ dealers.

7-Day Annualized Yield: represents past performance and future yields will vary. Principal is not guaranteed. The annualized 7-day yield is calculated based on the income generated by an investment in the fund over a seven-day period and is expressed as an annual percentage rate. The yield quotation more closely reflects the current earnings of the fund than the total return quotation.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the fund will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

Information is subject to change and is not intended to represent any past or future investment recommendations.

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