Waddell & Reed

Fund Detail

Ivy Energy Fund
Class A Shares

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Fund Facts
Ticker Symbol IEYAX
CUSIP 466000395
Fund Code 694
Fund Type Specialty Funds
Fund Inception 4/3/2006
Class Inception 4/3/2006
Fiscal Year End March
Dividends Paid December
Fund Assets (as of 10/31/2015) $449.8 mil
Total Equity Holdings (as of 10/31/2015) 55
Total Holdings (as of 10/31/2015) 65
Portfolio Turnover Rate (as of 9/30/2015) 14%
Lipper Category Natural Resources Funds
Morningstar Category Equity Energy
Benchmarks S&P 1500 Energy TR
Daily Prices
as of 11/27/2015
Net Asset Value (NAV) $12.09
NAV Change ($) ($0.14)
NAV Change (%) -1.14%
Weekly NAV Change ($) $0.01
Weekly NAV Change (%) 0.08%
Public Offering Price (POP) $12.83
Historical Prices & Distributions
Please select a date
Fund Description

Take a long-term, diversified approach to energy investing

Experience that counts
Portfolio Manager David Ginther, CPA, has 20 years of industry experience and has managed the Fund since inception in 2006. He also has a decade of international experience with a major oil company.
Focus on fundamentals
A disciplined process focuses on long-term fundamentals that drive stock performance and investment in long-term secular change.
Long-term view
The Fund’s long-term approach seeks potential opportunities around the world including demand in developing markets, such as China and India. Current themes include a focus on U.S. shale oil and supporting companies.
Morningstar Style Box
Source: Morningstar
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
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 10/31/2015
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -11.99% -22.67% 0.95% 1.28% N/A 2.10%
Fund with 5.75% sales charge -17.03% -27.11% -1.02% 0.08% N/A 1.47%
S&P 1500 Energy TR -12.98% -20.53% -0.43% 4.38% 5.08% 4.06%
Lipper Natural Resources Funds -15.46% -25.85% -3.38% -0.60% 1.57% 0.34%
Quarterly Rates of Return
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 9/30/2015
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -19.80% -34.20% -2.99% 0.18% N/A 1.12%
Fund with 5.75% sales charge -24.39% -37.99% -4.89% -1.00% N/A 0.49%
S&P 1500 Energy TR -21.90% -31.01% -4.61% 3.29% 2.96% 2.92%
Lipper Natural Resources Funds -23.50% -37.01% -7.37% -1.69% -0.27% -0.73%
Expense Ratios
as of 7/31/2015
Net 1.48%
Gross 1.48%
Growth of a $10,000 Investment
through 10/31/2015
 Energy A
 S&P 1500 Energy TR

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 10/31/2015
Category: Natural Resources Funds
  Rank Percentile
1 Year 38 / 86 44
3 Year 14 / 69 20
5 Year 23 / 64 36

Rankings are based on average annual total returns, but do not consider sales charges.

Morningstar Ratings
as of 10/31/2015
Category: Equity Energy
Overall (out of 87 Equity Energy)
3 Year (out of 87 Equity Energy)
5 Year (out of 80 Equity Energy)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 10/31/2015)
Domestic Common Stock 81.59%
Cash and Cash Equivalents 10.24%
Foreign Common Stock 8.17%
Sector Allocation
(as a % of equity holdings as of 10/31/2015)
Energy 94.7%
Financials 4.0%
Industrials 1.3%
Equity Country Allocation
(as a % of equity holdings as of 10/31/2015)
United States 90.9%
Canada 4.1%
Switzerland 2.2%
Netherlands 1.9%
United Kingdom 0.9%
Top 10 Equity Holdings
(as a % of net assets as of 10/31/2015)
Schlumberger Limited operates as an oilfield services company in the United States and internationally.Schlumberger Ltd. 3.84%
Cimarex Energy Company operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. The company owns interests in 4,160 net productive oil and gas wells.Cimarex Energy Co. 3.82%
CME Group Inc., a U.S. company, is the world's leading and most diverse derivatives marketplace. It owns and operates large derivatives and futures exchanges in Chicago and New York, as well as online trading platforms. CME Group, Inc. 3.57%
Baker Hughes Incorporated is engaged in the oilfield services industry.Baker Hughes, Inc. 3.55%
Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide.Halliburton Co. 3.41%
Newfield Exploration Company is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas properties.Newfield Exploration Co. 3.20%
EOG Resources, Inc., explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago, the United Kingdom, and The People's Republic of China.EOG Resources, Inc. 3.09%
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa.Pioneer Natural Resources Co. 2.98%
Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the U.S.Concho Resources, Inc. 2.85%
RSP Permian, Inc. 2.54%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 9/30/2015)
Top 10 Industry Allocation
(as a % of net assets holdings as of 10/31/2015)
Oil & Gas Exploration & Production 43.6%
Oil & Gas Equipment & Services 21.8%
Oil & Gas Storage & Transportation 12.9%
Oil & Gas Refining & Marketing 10.1%
Integrated Oil & Gas 5.1%
Specialized Finance 4.0%
Railroads 1.3%
Oil & Gas Drilling 1.2%

Risk Factors: 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 Morningstar Equity style box reveals a fund's investment strategy by displaying the fund's investment style and the market capitalization of the stocks owned.

Index Description: S&P 1500 Energy Sector is an unmanaged index comprised of securities that represent the energy sector of the stock market. 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.

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.

12-Month Trailing Distribution Yield: at NAV refers to the 12-month historical cash flow paid over the past 12 months in dividends, divided by the past months ending NAV.

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.

Please remember that an investment in a mutual fund involves risk. Investment return and principal value of a mutual fund investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

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