Waddell & Reed

Fund Detail

Ivy Global Growth Fund
Class A Shares

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Fund Facts
Ticker Symbol IVINX
CUSIP 465897502
Fund Code 617
Fund Type Global/International
Fund Inception 4/30/1986
Class Inception 4/30/1986
Fiscal Year End March
Dividends Paid December
Fund Assets (as of 4/30/2016) $498.7 mil
Total Equity Holdings (as of 4/30/2016) 48
Total Holdings (as of 4/30/2016) 51
Portfolio Turnover Rate (as of 3/31/2016) 51%
Lipper Category Global Large-Cap Growth Funds
Morningstar Category Foreign Large Growth
Benchmarks MSCI World NR USD
Daily Prices
as of 5/27/2016
Net Asset Value (NAV) $39.68
NAV Change ($) $0.27
NAV Change (%) 0.69%
Weekly NAV Change ($) $0.86
Weekly NAV Change (%) 2.22%
Public Offering Price (POP) $42.10
Historical Prices & Distributions
Please select a date
Fund Description

Invest in the potential growth of global markets

Broad reach
Flexibility to invest in stocks trading in most countries across the globe in a variety of economic sectors and industries.
Fundamentally sound
Applies a strong fundamental stock selection process with an economic overlay; sector and country weightings are the result of bottom-up company selection.
Highly focused
Seeks leading companies with sustainable competitive advantages; invests when the manager believes fundamentals are under-appreciated, providing what she considers a long-term growth opportunity.
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 4/30/2016
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -3.51% -5.29% 3.96% 3.29% 3.39% 7.70%
Fund with 5.75% sales charge -9.07% -10.73% 1.93% 2.07% 2.78% 7.49%
MSCI World NR USD 1.23% -4.17% 6.28% 5.96% 4.13% N/A
Lipper Global Large-Cap Growth Funds -0.72% -3.26% 5.84% 5.53% 4.65% N/A
Quarterly Rates of Return
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 3/31/2016
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -3.71% -6.12% 5.04% 4.54% 3.84% 7.72%
Fund with 5.75% sales charge -9.25% -11.52% 2.98% 3.31% 3.22% 7.50%
MSCI World NR USD -0.35% -3.45% 6.82% 6.51% 4.27% N/A
Lipper Global Large-Cap Growth Funds -1.41% -2.33% 6.51% 6.40% 4.92% N/A
Expense Ratios
as of 7/31/2015
Net 1.45%
Gross 1.45%
Growth of a $10,000 Investment
through 4/30/2016
 Global Growth A

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 4/30/2016
Category: Global Large-Cap Growth Funds
  Rank Percentile
1 Year 75 / 114 66
3 Year 87 / 96 90
5 Year 65 / 69 93
10 Year 41 / 50 81

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

Morningstar Ratings
as of 4/30/2016
Category: Foreign Large Growth
Overall (out of 325 Foreign Large Growth)
3 Year (out of 325 Foreign Large Growth)
5 Year (out of 285 Foreign Large Growth)
10 Year (out of 191 Foreign Large Growth)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 4/30/2016)
Domestic Common Stock 59.40%
Foreign Common Stock 37.02%
Cash and Cash Equivalents 3.58%
Sector Allocation
(as a % of equity holdings as of 4/30/2016)
Health Care 26.4%
Information Technology 24.2%
Consumer Discretionary 19.0%
Industrials 12.0%
Consumer Staples 6.3%
Financials 5.7%
Telecommunication Services 3.3%
Energy 3.1%
Equity Country Allocation
(as a % of equity holdings as of 4/30/2016)
United States 61.6%
China 8.8%
Germany 5.9%
France 4.7%
United Kingdom 4.1%
Netherlands 3.8%
Israel 2.5%
Belgium 2.3%
Canada 1.6%
Ireland 1.4%
Italy 1.4%
India 1.2%
Brazil 0.8%
Top 10 Equity Holdings
(as a % of net assets as of 4/30/2016)
Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.Visa, Inc., Class A 4.90%
Amazon.com, Inc. operates as an online retailer in North America and internationally.Amazon.com, Inc. 4.59%
Alphabet, Inc., Class C 3.80%
Carnival Corporation operates as a cruise and vacation company.Carnival Corp. 3.64%
Anthem, Inc. 3.42%
JD Sports Fashion Plc retails and distributes branded and own brand sportswear, fashionwear, outdoor clothing, footwear, and equipment.JD.com, Inc. ADR 3.23%
Allergan plc 3.22%
Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East and Africa.Level 3 Communications, Inc. 3.14%
MasterCard Incorporated (MasterCard) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks.MasterCard, Inc., Class A 3.06%
Fresenius SE is a Germany-based holding company of the Fresenius Group, operating in the healthcare sector, with products and services for dialysis, hospitals and outpatient medical care. The Group also offers engineering and services for hospitals and other healthcare facilities.Fresenius SE & Co. KGaA 2.96%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 3/31/2016)
Top 10 Industry Allocation
(as a % of equity holdings as of 4/30/2016)
Internet Software & Services 11.5%
Pharmaceuticals 10.3%
Internet Retail 9.0%
Data Processing & Outsourced Services 8.3%
Aerospace & Defense 5.9%
Health Care Facilities 4.9%
Hotels, Resorts & Cruise Lines 3.8%
Managed Health Care 3.5%
Trucking 3.3%
Alternative Carriers 3.3%
Portfolio Management
Manager Name Company Name Years in Industry Years with Fund
Sarah C. Ross, CFA is a vice president of Ivy Investment Management Company and Waddell & Reed Investment Management Company. Ms. Ross joined the firm in October 2003 as a health care investment analyst. She was appointed assistant vice president in 2006. In 2009, she was appointed vice president and portfolio manager of the Ivy Tax-Managed Equity Fund and Waddell & Reed Advisors Tax-Managed Equity Fund. She was also an assistant portfolio manager on the firm’s large-cap growth team. In August 2014, Ms. Ross was appointed portfolio manager of the Ivy International Growth Fund, Ivy Funds VIP International Growth and Waddell & Reed Advisors International Growth Fund. She was previously affiliated with Banc of America Capital anagement from 2001 to 2003 as a senior health care analyst and vice president. From 1997 to 2001 she was a senior health care analyst and limited partner for Edward Jones. Ms. Ross earned both a BS in business administration and a BA in French in 1995 from John M. Olin School of Business, Washington University, St. Louis, Missouri. She also studied at Ecole Europeene Des Affaires A Paris, France. The French curriculum included global finance, French society, international marketing and corporate law. Ms. Ross is a CFA charterholder. She is a member of the CFA Institute and the St. Louis Society of Financial Analysts. Sarah C. Ross, CFA Ivy Investment Management Company 21 1

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 World is an unmanaged index comprised of securities that represent the securities markets around the world. It is not possible to invest directly in an index.

The MSCI information may only be used for your internal use, may not be reproduced or repurposed in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, salability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Source: MSCI.

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.

In November 2014, the Fund filed a prospectus supplement reflecting the Fund’s increased emphasis on investments in the stocks of U.S. companies. Effective January 1, 2015, the Fund changed its name and investment strategy to reflect a global focus. Performance prior to January 2015 reflects the Fund’s former international strategy and may have differed if the Fund’s current strategy that includes investing globally had been in place.

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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