Waddell & Reed

Fund Detail

WRA Science and Technology Fund
Class Y Shares

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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 5/31/2015) $4.0 bil
Total Equity Holdings (as of 5/31/2015) 67
Total Holdings (as of 5/31/2015) 87
Portfolio Turnover Rate (as of 12/31/2014) 13%
Lipper Category Science & Technology Funds
Morningstar Category Technology
Benchmarks S&P North American Technology TR
Daily Prices
as of 6/30/2015
Net Asset Value (NAV) $17.48
NAV Change ($) $0.11
NAV Change (%) 0.63%
Weekly NAV Change ($) ($0.42)
Weekly NAV Change (%) -2.35%
Public Offering Price (POP) $17.48
Historical Prices & Distributions
Please select a date
Fund Description

Focused on growth. Rooted in innovation


Excellent track record
Strong historical results, managed by Zachary Shafran, with more than 20 years of experience.
Multiple, non-correlated sources of growth
Seeks opportunities within technology, health care, and applied science and technology.
Proven investment process
Built on a six-decade firm legacy of technology investing expertise
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 6/30/2015
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 4.86% 2.51% 22.78% 20.48% 12.88% 13.06%
Quarterly Rates of Return Average Annual Total Returns
as of 6/30/2015
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 4.86% 2.51% 22.78% 20.48% 12.88% 13.06%
Expense Ratios
as of 10/31/2014
Net 0.99%
Gross 0.99%
Growth of a $10,000 Investment
through 6/30/2015

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 5/31/2015
Category: Science & Technology Funds
  Rank Percentile
1 Year 136 / 157 87
3 Year 16 / 149 11
5 Year 6 / 140 5
10 Year 4 / 113 4

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

Morningstar Ratings
as of 5/31/2015
Category: Technology
Overall (out of 199 Technology)
3 Year (out of 199 Technology)
5 Year (out of 191 Technology)
10 Year (out of 156 Technology)

Ratings are based on risk-adjusted returns.

Holdings
Portfolio Composition
(as a % of net assets as of 5/31/2015)
Domestic Common Stock 75.05%
Foreign Common Stock 21.25%
Cash and Cash Equivalents 3.63%
Other Financial Instruments 0.07%
Sector Allocation
(as a % of equity holdings as of 5/31/2015)
Information Technology 64.1%
Health Care 20.3%
Industrials 5.1%
Consumer Discretionary 4.9%
Telecommunication Services 2.0%
Utilities 1.6%
Financials 0.8%
Materials 0.7%
Consumer Staples 0.4%
Country Allocation
(as a % of equity holdings as of 5/31/2015)
United States 77.9%
Spain 3.9%
Israel 3.9%
Netherlands 3.4%
China 2.7%
India 2.7%
United Kingdom 2.0%
Germany 1.3%
Cyprus 1.1%
Bermuda 1.1%
Top 10 Equity Holdings
(as a % of net assets as of 5/31/2015)
Micron Technology, Inc., engages in the manufacture and marketing of semiconductor devices worldwide.Micron Technology, Inc. 6.7%
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. 5.3%
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. 4.6%
Vertex Pharmaceuticals Incorporated engages in the discovery, development, and commercialization of small molecule drugs for the treatment of serious diseases worldwide.Vertex Pharmaceuticals, Inc. 4.4%
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. 3.6%
U.S. pharmaceutical company focused on discovery and development of drugs, particluarly in the area of genomics and RNA-targeted technologies.Isis Pharmaceuticals, Inc. 3.4%
NXP Semiconductors N.V. provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. NXP Semiconductors N.V. 3.2%
ACI Worldwide, Inc. engages in the development, marketing, installation, and support of software products and services to facilitate electronic payments worldwide.ACI Worldwide, Inc. 3.2%
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HIT) solutions, healthcare devices and related services. Cerner solutions optimize processes for healthcare organizations.Cerner Corp. 2.7%
WNS (Holdings) Ltd. ADR 2.6%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 3/31/2015)

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.

The S&P North American Technology Sector Index is an unmanaged index comprised of U.S. securities classified under the GICS® technology sector and internet retail sub-industry. 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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