Waddell & Reed

Fund Detail

InvestEd Conservative Portfolio Fund
Class A Shares

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Fund Facts
Ticker Symbol WICAX
CUSIP 46132D204
Fund Code 803
Fund Type InvestEd
Fund Inception 10/1/2001
Class Inception 10/1/2001
Fiscal Year End December
Dividends Paid December
Fund Assets (as of 4/30/2013) $85.5 mil
Lipper Category Mixed-Asset Target Alloc Consv Funds
Morningstar Category Conservative Allocation
Benchmarks S&P 500 TR
Barclays US Treasury Bill 1-3 Mon TR USD
Barclays US Agg Bond TR USD
Daily Prices
as of 5/21/2013
Net Asset Value (NAV) $11.69
NAV Change ($) $0.02
NAV Change (%) 0.17%
Weekly NAV Change ($) $0.02
Weekly NAV Change (%) 0.17%
Public Offering Price (POP) $12.21
Historical Prices & Distributions
Please select a date
Fund Description
Fund Objective
To seek capital preservation.

Investment Approach
The portfolio is designed for investors who seek capital preservation from their investments, through a primary emphasis on income and a secondary emphasis on capital growth. The portfolio is also designed for investors who expect to incur expenses related to higher education within a year or two. The portfolio invests primarily in Waddell & Reed Advisors bond and income-producing mutual funds. It invests, to a lesser extent, in Waddell & Reed Advisors equity mutual funds. Each underlying fund, in turn, invests in a diversified portfolio of securities.
Morningstar Style Box
Morningstar Style Box
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.

Performance at NAV does not include the effect of sales charges. Class A shares, including sales charges, reflects the maximum applicable front-end sales load.
Monthly Rates of Return Average Annual Total Returns
as of 4/30/2013
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 5.23% 8.50% 4.47% 5.34% 4.81% 4.44%
Fund with 4.25% sales charge 0.76% 3.88% 2.97% 4.43% 4.35% 4.05%
S&P 500 TR
(as of 4/30/2013) 		12.74% 16.89% 12.80% 5.21% 7.88% 5.84%
Barclays US Treasury Bill 1-3 Mon TR USD
(as of 4/30/2013) 		0.02% 0.09% 0.09% 0.27% 1.65% 1.66%
Barclays US Agg Bond TR USD
(as of 4/30/2013) 		0.89% 3.68% 5.51% 5.72% 5.04% 5.43%
Lipper Mixed-Asset Target Alloc Consv Funds
(as of 4/30/2013) 		4.34% 8.45% 6.95% 4.84% 5.68% 5.16%
Quarterly Rates of Return Average Annual Total Returns
as of 3/31/2013
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 4.22% 7.95% 4.71% 5.18% 4.80% 4.39%
Fund with 4.25% sales charge -0.21% 3.36% 3.20% 4.27% 4.34% 3.99%
Expense Ratios
as of 4/30/2013
Net 0.98%
Gross 0.98%
Growth of a $10,000 Investment
through 4/30/2013
 Conservative Portfolio A
 S&P 500 TR
 Barclays US Agg Bond TR USD

Assumes an investment over 10 years or life of the share class, reinvestment of dividends and capital gains, and does not include the effect of sales charges or taxes.
Ratings and Rankings
Lipper Rankings
as of 4/30/2013
Category: Mixed-Asset Target Alloc Consv Funds
  Rank Percentile
1 Year 153 / 332 46
3 Year 275 / 290 95
5 Year 97 / 265 37
10 Year 75 / 96 78

Rankings are based on average annual total returns, but do not consider sales charges.
Morningstar Ratings
as of 4/30/2013
Category: Conservative Allocation
Overall (out of 593 Conservative Allocation)
3 Year (out of 593 Conservative Allocation)
5 Year (out of 502 Conservative Allocation)
10 Year (out of 208 Conservative Allocation)

Ratings are based on risk-adjusted returns.
Holdings
Underlying Fund Composition
(as a % of net assets as of 4/30/2013)
WRA Core Investment, Class Y 26.0 %
WRA Global Bond, Class Y 24.3 %
WRA Bond, Class Y 24.0 %
WRA Dividend Opportunities, Class Y 10.4 %
WRA Value, Class Y 5.6 %
WRA Government Securities, Class Y 4.7 %
WRA Cash Management, Class A 4.7 %
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 4/30/2013)
Portfolio Allocation Ranges

  Low High
Cash Management 0.0% 100.0%
Core Investment 0.0% 40.0%
Bond 0.0% 40.0%
Global Bond 0.0% 40.0%
Government Securities 0.0% 40.0%
Dividend Opportunities 0.0% 40.0%
Value 0.0% 30.0%
High Income 0.0% 20.0%
Portfolio Management
Manager Name Company Name Years in Industry Years with Fund
Michael L. Avery is Executive Vice President of Waddell & Reed Investment Management Co. Mr. Avery graduated with a BS from the University of Missouri and earned an MBA with an emphasis in finance from Saint Louis University in 1981. He was appointed co-manager of the InvestEd Portfolios at their inception in 2001.Michael L. Avery Waddell & Reed Investment Management Company 34 11
Ryan F. Caldwell is a Senior Vice President of Waddell & Reed Investment Management Co. Mr. Caldwell graduated from Southwest Texas State in May 1997 with a BBA in finance.Ryan F. Caldwell Waddell & Reed Investment Management Company 15 6

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.

Pricing: All prices and year-to-date returns are based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time.

Stylebox: The style boxes reveal a fund's investment strategy by displaying, for equity, the fund's investment style and the market capitalization of the stocks owned and for fixed income, the average credit quality of the bonds owned and the interest rate sensitivity, as measured by a bond's maturity.

Index Description: S&P 500 - An unmanaged index of common stocks.

Index Description: The Barclays U.S. Treasury Bills: 1-3 Month Index includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months and more than 1 month, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities are denominated in U.S. dollars and are fixed rate and non convertible. It is not possible to invest directly in an index.

Index Description: Barclays US Agg Bond TR USD - The Barclays Aggregate Bond Index is a market capitalization-weighted index, representing most U.S. traded investment grade bonds. It is not possible to invest directly in an index.

Performance results for some funds may include the effect of expense reduction arrangements. If those arrangements had not been in place, the performance results would have been lower.

Morningstar Ratings: For each fund with at least a 3-year history, Morningstar calculates a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of all sales charges), placing emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund and rated separately.) A fund's overall rating is derived from a weighted average of the 3-, 5- and 10-year (if applicable) rating metrics. Morningstar Rating is for the share classes specified; other classes may have different performance characteristics.

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

The Fund's Board of Directors has established target ranges for the allocation of the portfolio's assets. The range of portfolio net assets invested in equity funds will be from 40% to 80%; correspondingly, the range of portfolio net assets invested in bond and income-producing funds will be from 60% to 20%. Subject to these asset allocation ranges, the Board of Directors has established these target ranges for investment of the portfolio's assets in specific underlying funds.

Financial Advisor Opportunities
Corporate Careers