Waddell & Reed

Fund Detail

WRA Continental Income Fund
Class A Shares

Please select a fund and share class

Fund Facts
Ticker Symbol UNCIX
CUSIP 930057757
Fund Code 627
Fund Type Specialty Funds
Fund Inception 6/9/1970
Class Inception 6/9/1970
Fiscal Year End June
Dividends Paid March, June, September, December
Fund Assets (as of 6/30/2014) $1.3 bil
Total Equity Holdings (as of 6/30/2014) 54
Total Holdings (as of 6/30/2014) 228
Portfolio Turnover Rate (as of 3/31/2014) 14%
Lipper Category Mixed-Asset Target Alloc Growth Funds
Morningstar Category Aggressive Allocation
Benchmarks S&P 500 TR USD
Barclays US Govt/Credit TR USD
Daily Prices
as of 7/28/2014
Net Asset Value (NAV) $10.45
NAV Change ($) ($0.02)
NAV Change (%) -0.19%
Weekly NAV Change ($) ($0.02)
Weekly NAV Change (%) -0.19%
Public Offering Price (POP) $11.09
Historical Prices & Distributions
Please select a date
Fund Description
Fund Objective
To seek to provide total return through a combination of capital appreciation and current income.

Investment Approach
We look at a number of factors in selecting securities for the Fund's portfolio. On the equity side, we follow a core investing strategy and seek companies that we believe possess attractive business economics, are in a strong financial condition and are selling at attractive valuations, both on a relative and an absolute basis. In selecting debt securities, we seek what we feel are high-quality securities with minimal credit risk. We use the same analysis on the sell side to determine if a securities is still undervalued or maintaining minimal credit risk.
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 Average Annual Total Returns
as of 6/30/2014
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 5.34% 19.49% 12.01% 14.82% 8.35% 9.64%
Fund with 5.75% sales charge -0.70% 12.61% 9.82% 13.47% 7.71% 9.49%
S&P 500 TR USD 7.14% 24.61% 16.58% 18.83% 7.78% N/A
Barclays US Govt/Credit TR USD 3.94% 4.28% 4.08% 5.09% 4.94% N/A
Lipper Mixed-Asset Target Alloc Growth Funds 5.43% 17.72% 10.09% 13.24% 6.56% N/A
Quarterly Rates of Return Average Annual Total Returns
as of 6/30/2014
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 5.34% 19.49% 12.01% 14.82% 8.35% 9.64%
Fund with 5.75% sales charge -0.70% 12.61% 9.82% 13.47% 7.71% 9.49%
S&P 500 TR USD 7.14% 24.61% 16.58% 18.83% 7.78% N/A
Barclays US Govt/Credit TR USD 3.94% 4.28% 4.08% 5.09% 4.94% N/A
Lipper Mixed-Asset Target Alloc Growth Funds 5.43% 17.72% 10.09% 13.24% 6.56% N/A
Expense Ratios
as of 10/31/2013
Net 1.20%
Gross 1.20%
12-Month Trailing Distribution Yield
as of 6/30/2014
NAV 0.65%
With sales charge 0.61%
Annualized 30-Day SEC Yield
as of 6/30/2014
Subsidized 0.41%
Unsubsidized 0.39%
Growth of a $10,000 Investment
through 6/30/2014
 Continental Income A
 S&P 500 TR USD
 Barclays US Govt/Credit 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 6/30/2014
Category: Mixed-Asset Target Alloc Growth Funds
  Rank Percentile
1 Year 112 / 589 19
3 Year 76 / 525 15
5 Year 65 / 488 14
10 Year 16 / 315 6

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

Morningstar Ratings
as of 6/30/2014
Category: Aggressive Allocation
Overall (out of 328 Aggressive Allocation)
3 Year (out of 328 Aggressive Allocation)
5 Year (out of 291 Aggressive Allocation)
10 Year (out of 181 Aggressive Allocation)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 6/30/2014)
Domestic Common Stock 67.79%
Corporate Bonds 21.66%
Cash and Cash Equivalents 4.73%
Foreign Common Stock 3.44%
Government Bonds 2.36%
Other Government Securities 0.02%
Sector Allocation
(as a % of equity holdings as of 6/30/2014)
Consumer Discretionary 17.8%
Industrials 17.2%
Information Technology 15.9%
Financials 14.0%
Energy 13.1%
Consumer Staples 11.6%
Materials 5.2%
Health Care 5.1%
Top 10 Equity Holdings
(as a % of net assets as of 6/30/2014)
The Company has businesses engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing its products and services nationally and others in its markets located in Pennsylvania, Virginia, Missouri, Wisconsin and Georgia. It also provides products and services internationally. PNC Financial Services Group, Inc. (The) 1.7%
Applied Materials, Inc. provides nanomanufacturing technology solutions for the semiconductor, flat panel display, solar, and related industries worldwide.Applied Materials, Inc. 1.7%
ConocoPhillips operates as an integrated energy company worldwide.ConocoPhillips 1.6%
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions worldwide.Apple, Inc. 1.6%
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company.JPMorgan Chase & Co. 1.6%
L Brands, Inc. operates as a specialty retailer of women?'s intimate and other apparel, beauty and personal care products, and accessories. The company was formerly known as Limited Brands, Inc. and changed its name to L Brands, Inc. in March 2013. Limited Brands, Inc. 1.6%
Alliance Data Systems Corporation,provides data-driven and transaction-based marketing and customer loyalty solutions primarily in the United States and Canada.Alliance Data Systems Corp. 1.6%
Cognizant Technology Solutions Corporation is a provider of custom information technology (IT) consulting and technology services, and outsourcing services.Cognizant Technology Solutions Corp., Class A 1.6%
Union Pacific Corporation owns the largest railroad in the U.S. It's diversified business mix includes agricultural products, automotive, chemicals, energy, industrial products and intermodal.Union Pacific Corp. 1.6%
Brown-Forman Corporation manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands.Brown-Forman Corp., Class B 1.5%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 6/30/2014)
(as a % of bond holdings as of 6/30/2014)
Gov't 9.8 %
AA 7.0 %
A 40.4 %
BBB 33.2 %
BB 9.4 %
B 0.2 %
(as a % of bond holdings as of 6/30/2014)
<1 Year 19.6 %
1-5 Years 72.2 %
5-10 Years 8.2 %
10-20 Years 0.0 %
>20 Years 0.0 %
Average Maturity 3.39 years
Effective Duration 3.15 years

Average maturity and effective duration include bonds, cash and cash equivalents.

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.

Index Description: S&P 500 - An unmanaged index of common stocks. It is not possible to invest directly in an index.

Index Description: Barclays US Govt/Credit TR USD - The Barclays U.S. Government/Credit Index measures the performance of U.S. dollar-denominated United States Treasuries, government-related, and investment-grade U.S. corporate securities that have a remaining maturity of greater than or equal to one year. In addition, the securities have $250 million or more of outstanding face value and are fixed-rate and non-convertible securities. 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.

30-Day SEC Yield: is calculated based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30 day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.

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.

Quality: Our preference is to always use ratings obtained from Standard & Poor's. For securities not rated by Standard & Poor's, ratings are obtained from Moody's.

Financial Advisor Opportunities
Corporate Careers