Waddell & Reed

Fund Detail

Ivy Global Natural Resources Fund
Class A Shares

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Fund Facts
Ticker Symbol IGNAX
CUSIP 465897429
Fund Code 612
Fund Type Specialty Funds
Fund Inception 1/2/1997
Class Inception 1/2/1997
Fiscal Year End March
Dividends Paid December
Fund Assets (as of 7/31/2016) $733.4 mil
Total Equity Holdings (as of 7/31/2016) 44
Total Holdings (as of 7/31/2016) 52
Portfolio Turnover Rate (as of 3/31/2016) 17%
Lipper Category Global Natural Resources Funds
Morningstar Category Natural Resources
Daily Prices
as of 8/30/2016
Net Asset Value (NAV) $14.04
NAV Change ($) ($0.06)
NAV Change (%) -0.43%
Weekly NAV Change ($) ($0.12)
Weekly NAV Change (%) -0.85%
Public Offering Price (POP) $14.90
Historical Prices & Distributions
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Fund Description

Tap the potential of natural resources companies worldwide

Investment universe
Can invest in international and domestic resource-related stocks, including oil and gas, precious metals, forest products, agribusiness, alternative energy and commodities.
Disciplined process
Portfolio manager uses a review of macroeconomic and global market environment plus a focus on fundamentals for stock selection in seeking long-term returns.
Potential benefits
Commodities as an asset class historically have not moved in tandem with stocks, offering diversification and potential inflation protection by investing in life’s essential elements.
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 7/31/2016
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 11.12% -6.74% -6.65% -9.69% -2.73% 5.90%
Fund with 5.75% sales charge 4.74% -12.13% -8.48% -10.75% -3.30% 5.58%
Lipper Global Natural Resources Funds 14.35% -2.71% -6.33% -6.79% -1.61% N/A
Quarterly Rates of Return
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 6/30/2016
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 11.20% -14.16% -6.12% -8.82% -2.80% 5.93%
Fund with 5.75% sales charge 4.82% -19.08% -7.96% -9.90% -3.38% 5.61%
Lipper Global Natural Resources Funds 12.86% -11.68% -5.18% -6.99% -1.61% N/A
Expense Ratios
as of 7/31/2016
Net 1.66%
Gross 1.66%
Growth of a $10,000 Investment
through 7/31/2016

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 7/31/2016
Category: Global Natural Resources Funds
  Rank Percentile
1 Year 105 / 137 77
3 Year 66 / 131 50
5 Year 82 / 115 71
10 Year 42 / 54 77

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

Morningstar Ratings
as of 7/31/2016
Category: Natural Resources
Overall (out of 128 Natural Resources)
3 Year (out of 128 Natural Resources)
5 Year (out of 109 Natural Resources)
10 Year (out of 60 Natural Resources)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 7/31/2016)
Domestic Common Stock 79.06%
Foreign Common Stock 14.39%
Cash and Cash Equivalents 6.55%
Preferred Stock 0.00%
Sector Allocation
(as a % of equity holdings as of 7/31/2016)
Energy 65.3%
Materials 28.0%
Industrials 5.6%
Financials 1.1%
Utilities 0.0%
Equity Country Allocation
(as a % of equity holdings as of 7/31/2016)
United States 84.6%
United Kingdom 8.6%
Canada 5.8%
Netherlands 1.1%
China 0.0%
Top 10 Equity Holdings
(as a % of net assets as of 7/31/2016)
Schlumberger Limited operates as an oilfield services company in the United States and internationally.Schlumberger Ltd. 8.46%
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. 6.54%
The Dow Chemical Company engages in the manufacture and sale of chemicals, plastic materials, agricultural, and other specialized products and services worldwide.Dow Chemical Co. (The) 5.50%
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. 4.18%
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. 4.00%
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. 3.39%
Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; markets third-party petroleum products; and engages in energy trading activities. Suncor Energy, Inc. 3.17%
Rio Tinto Plc is an international business involved in each stage of metal and mineral production. The company produces aluminum, copper, diamonds, coal, iron ore, uranium, gold and industrial minerals (borates, titanium dioxide, salt, talc and zircon).Rio Tinto plc 3.15%
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. 3.08%
BHP Billiton Plc is a diversified natural resources company that operates worldwide.BHP Billiton plc 2.97%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 6/30/2016)
Top 10 Industry Allocation
(as a % of equity holdings as of 7/31/2016)
Oil & Gas Exploration & Production 28.7%
Oil & Gas Equipment & Services 21.5%
Diversified Metals & Mining 8.6%
Diversified Chemicals 8.1%
Integrated Oil & Gas 5.6%
Gold 5.0%
Oil & Gas Storage & Transportation 5.0%
Construction Machinery & Heavy Trucks 3.1%
Oil & Gas Refining & Marketing 3.0%
Industrial Machinery 2.6%

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: MSCI ACWI (All Country World Index) 55% Energy and 45% Materials Index is a custom index that is a free float-adjusted market capitalization weighted index that is designed to measure the energy and materials equity market performance of developed and emerging markets. 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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