Waddell & Reed

Fund Detail

WRA Science and Technology Fund
Class A Shares

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Fund Facts
Ticker Symbol UNSCX
CUSIP 930057500
Fund Code 622
Fund Type Specialty Funds
Fund Inception 5/16/1950
Class Inception 5/16/1950
Fiscal Year End June
Dividends Paid June, December
Fund Assets (as of 3/31/2012) $2.4 bil
Total Equity Holdings (as of 3/31/2012) 53
Total Holdings (as of 3/31/2012) 68
Portfolio Turnover Rate (as of 12/31/2011) 51%
Lipper Category Science & Technology Funds
Morningstar Category Technology
Benchmarks S&P North American Technology TR
Daily Prices
as of 5/16/2012
Net Asset Value (NAV) $10.23
NAV Change ($) ($0.08)
NAV Change (%) -0.78%
Weekly NAV Change ($) ($0.18)
Weekly NAV Change (%) -1.73%
Public Offering Price (POP) $10.85
Historical Prices & Distributions
Please select a date
Fund Description
Fund Objective
To seek to provide growth of capital.

Investment Approach
Invests primarily in equity securities of science and technology companies around the globe. The fund may also invest in companies that utilize science and/or technology to significantly enhance their business opportunities. We typically emphasize growth potential in selecting stocks; that is, we seek companies in which earnings are likely to grow faster than the economy. We aim to identify strong secular trends within industries and then apply a bottom-up stock selection process by considering a number of factors in selecting securities, including growth and earnings potential, quality of management, industry / market size potential, and applicable market and economic conditions.
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 4/30/2012
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 15.82% -3.23% 16.70% 6.53% 9.00% 11.37%
Fund with 5.75% sales charge 9.17% -8.79% 14.42% 5.28% 8.36% 11.26%
Quarterly Rates of Return Average Annual Total Returns
as of 3/31/2012
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 20.09% 1.64% 21.07% 7.41% 8.54% 11.45%
Fund with 5.75% sales charge 13.19% -4.20% 18.70% 6.15% 7.90% 11.35%
S&P North American Technology TR 19.56% 13.67% 27.66% 7.62% 5.08% N/A
Lipper Science & Technology Funds 20.32% 4.63% 27.01% 5.92% 4.71% N/A
Expense Ratios
as of 10/31/2011
Net 1.36%
Gross 1.36%
Growth of a $10,000 Investment
through 3/31/2012

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 3/31/2012
Category: Science & Technology Funds
  Rank Percentile
1 Year 101 / 152 67
3 Year 120 / 139 86
5 Year 54 / 131 41
10 Year 7 / 101 7

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

Morningstar Ratings
as of 3/31/2012
Category: Technology
Overall (out of 187 Technology)
3 Year (out of 187 Technology)
5 Year (out of 169 Technology)
10 Year (out of 141 Technology)

Ratings are based on risk-adjusted returns.

Holdings
Portfolio Composition
(as a % of net assets as of 3/31/2012)
Domestic Common Stock 78.42%
Foreign Common Stock 17.61%
Cash and Cash Equivalents 3.62%
Corporate Bonds 0.36%
Sector Allocation
(as a % of equity holdings as of 3/31/2012)
Information Technology 68.6%
Health Care 12.7%
Industrials 6.6%
Consumer Staples 5.0%
Telecommunication Services 3.4%
Consumer Discretionary 3.1%
Financials 0.6%
Country Allocation
(as a % of equity holdings as of 3/31/2012)
United States 84.1%
South Korea 5.2%
China 4.5%
Brazil 2.7%
India 0.9%
France 0.9%
Israel 0.7%
Germany 0.6%
Spain 0.5%
Top 10 Equity Holdings
(as a % of net assets as of 3/31/2012)
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. 8.1%
Aspen Technology, Inc., together with its subsidiaries, develops and supplies integrated software and services that enable the process industries to design, operate, manage, and optimize their business processes.Aspen Technology, Inc. 7.5%
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 Corporation 7.5%
ACI Worldwide, Inc. engages in the development, marketing, installation, and support of software products and services to facilitate electronic payments worldwide.ACI Worldwide, Inc. 5.9%
Samsung Electronics Co., Ltd. is a Korea-based company engaged in the provision of consumer electronics, communication products, semiconductor products and home appliances.Samsung Electronics Co., Ltd. 5.0%
Micron Technology, Inc., engages in the manufacture and marketing of semiconductor devices worldwide.Micron Technology, Inc. 4.5%
Cree, Inc. develops and manufactures semiconductor materials and devices.Cree, Inc. 3.4%
Google Inc., a technology company, maintains index of Websites and other online content for users, advertisers, Google network members, and other content providers.Google Inc., Class A 3.4%
ESCO Technologies Inc. (ESCO) is a producer of engineered products and systems sold to customers worldwide, primarily for utility, industrial, aerospace and commercial applications, and operates in three segments: Utility Solutions Group, RF Shielding and Test and Filtration/Fluid Flow.ESCO Technologies Inc. 2.9%
Vertex Pharmaceuticals Incorporated engages in the discovery, development, and commercialization of small molecule drugs for the treatment of serious diseases worldwide.Vertex Pharmaceuticals Incorporated 2.8%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 3/31/2012)

Risk Factors: Investing in mid-cap stocks may carry more risk than investing in stocks of larger more well-established companies. 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 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 North Ameri Tech Sector is an unmanaged index comprised of securities that represent the technology sector of the stock market. It is not possible to invest directly in an index.

Fee Waiver and/or Expense Reimbursement: The expenses shown for Management Fees reflect the maximum annual fee payable; however, a reduction in the Fund's management fee rate pursuant to a management fee waiver became effective October 1, 2006, and will remain in effect through September 30, 2016. If this waiver were reflected above, the Management Fees would have been 0.83% and the Total Annual Fund Operating Expenses would have been: Class A, 1.42%, Class B, 2.62%, Class C, 2.55%, and Class Y, 1.03%.

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. Please refer to the fund’s Fund Detail page.

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.

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