Waddell & Reed

Fund Detail

WRA Science and Technology Fund
Class Y Shares

Please select a fund and share class

Fund Facts
Ticker Symbol USTFX
CUSIP 930057807
Fund Code 736
Fund Type Specialty Funds
Fund Inception 5/16/1950
Class Inception 2/27/1996
Fiscal Year End June
Dividends Paid June, December
Fund Assets (as of 6/30/2014) $3.9 bil
Total Equity Holdings (as of 6/30/2014) 63
Total Holdings (as of 6/30/2014) 72
Portfolio Turnover Rate (as of 3/31/2014) 28%
Lipper Category Science & Technology Funds
Morningstar Category Technology
Benchmarks S&P North American Technology TR
Daily Prices
as of 7/21/2014
Net Asset Value (NAV) $18.25
NAV Change ($) ($0.05)
NAV Change (%) -0.27%
Weekly NAV Change ($) ($0.05)
Weekly NAV Change (%) -0.27%
Public Offering Price (POP) $18.25
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
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.

Class Y shares are not subject to sales charges.

Monthly Rates of Return Average Annual Total Returns
as of 6/30/2014
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 5.16% 35.93% 23.25% 22.46% 14.10% 13.67%
S&P North American Technology TR 7.01% 30.19% 16.88% 19.09% 8.57% N/A
Lipper Science & Technology Funds 7.05% 31.86% 13.25% 18.28% 8.19% N/A
Quarterly Rates of Return Average Annual Total Returns
as of 6/30/2014
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 5.16% 35.93% 23.25% 22.46% 14.10% 13.67%
S&P North American Technology TR 7.01% 30.19% 16.88% 19.09% 8.57% N/A
Lipper Science & Technology Funds 7.05% 31.86% 13.25% 18.28% 8.19% N/A
Expense Ratios
as of 10/31/2013
Net 1.02%
Gross 1.02%
Growth of a $10,000 Investment
through 6/30/2014
 Science and Technology Y
 S&P North American Technology 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 6/30/2014
Category: Science & Technology Funds
  Rank Percentile
1 Year 30 / 155 20
3 Year 1 / 148 1
5 Year 6 / 136 5
10 Year 2 / 107 2

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

Morningstar Ratings
as of 6/30/2014
Category: Technology
Overall (out of 195 Technology)
3 Year (out of 195 Technology)
5 Year (out of 174 Technology)
10 Year (out of 140 Technology)

Ratings are based on risk-adjusted returns.

Holdings
Portfolio Composition
(as a % of net assets as of 6/30/2014)
Domestic Common Stock 78.95%
Foreign Common Stock 20.63%
Cash and Cash Equivalents 0.41%
Sector Allocation
(as a % of equity holdings as of 6/30/2014)
Information Technology 68.1%
Health Care 15.5%
Industrials 6.3%
Consumer Discretionary 3.9%
Materials 3.0%
Telecommunication Services 1.9%
Financials 0.8%
Utilities 0.5%
Country Allocation
(as a % of equity holdings as of 6/30/2014)
United States 79.3%
United Kingdom 2.7%
Bermuda 2.5%
Spain 2.4%
Israel 2.3%
Netherlands 2.1%
India 1.9%
Germany 1.6%
Cyprus 1.5%
South Korea 1.3%
China 1.0%
Japan 0.8%
Brazil 0.6%
Top 10 Equity Holdings
(as a % of net assets as of 6/30/2014)
Micron Technology, Inc., engages in the manufacture and marketing of semiconductor devices worldwide.Micron Technology, Inc. 9.5%
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. 5.2%
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. 5.0%
Cree, Inc. develops and manufactures semiconductor materials and devices.Cree, Inc. 4.1%
Vertex Pharmaceuticals Incorporated engages in the discovery, development, and commercialization of small molecule drugs for the treatment of serious diseases worldwide.Vertex Pharmaceuticals, Inc. 3.4%
Euronet Worldwide, Inc. is an electronic payments provider of payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, individual consumers.Euronet Worldwide, Inc. 3.1%
iGATE Corporation (iGATE), through its operating subsidiaries, is a provider of information technology (IT) and IT- enabled operations offshore outsourcing services to large and medium-sized organizations.iGATE Corp. 2.8%
Pentair, Inc. 2.7%
Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers.Facebook, Inc., Class A 2.6%
ACI Worldwide, Inc. engages in the development, marketing, installation, and support of software products and services to facilitate electronic payments worldwide.ACI Worldwide, Inc. 2.6%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 3/31/2014)

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.

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 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.

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.

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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