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 7/31/2016) $3.2 bil
Total Equity Holdings (as of 7/31/2016) 55
Total Holdings (as of 7/31/2016) 80
Portfolio Turnover Rate (as of 6/30/2016) 9%
Lipper Category Science & Technology Funds
Morningstar Category Technology
Benchmarks S&P North American Technology TR
Daily Prices
as of 8/26/2016
Net Asset Value (NAV) $14.89
NAV Change ($) $0.02
NAV Change (%) 0.13%
Weekly NAV Change ($) ($0.06)
Weekly NAV Change (%) -0.40%
Public Offering Price (POP) $14.89
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
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 7/31/2016
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -2.63% -8.97% 5.57% 11.92% 10.69% 11.78%
S&P North American Technology TR 7.69% 11.28% 16.65% 15.30% 11.87% N/A
Lipper Science & Technology Funds 5.51% 5.00% 13.14% 11.88% 9.66% N/A
Quarterly Rates of Return
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 6/30/2016
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -9.54% -15.87% 5.44% 10.06% 9.55% 11.43%
S&P North American Technology TR 0.23% 7.69% 15.61% 13.64% 10.58% N/A
Lipper Science & Technology Funds -1.85% -1.19% 12.74% 9.51% 8.28% N/A
Expense Ratios
as of 10/30/2015
Net 0.99%
Gross 0.99%
Growth of a $10,000 Investment
through 7/31/2016
 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 7/31/2016
Category: Science & Technology Funds
  Rank Percentile
1 Year 154 / 160 96
3 Year 136 / 146 93
5 Year 68 / 140 49
10 Year 40 / 117 34

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

Morningstar Ratings
as of 7/31/2016
Category: Technology
Overall (out of 195 Technology)
3 Year (out of 195 Technology)
5 Year (out of 189 Technology)
10 Year (out of 152 Technology)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 7/31/2016)
Domestic Common Stock 80.71%
Foreign Common Stock 14.56%
Cash and Cash Equivalents 4.26%
Corporate Bonds 0.43%
Other Financial Instruments 0.04%
Sector Allocation
(as a % of equity holdings as of 7/31/2016)
Information Technology 71.0%
Health Care 19.1%
Consumer Discretionary 3.3%
Financials 1.9%
Telecommunication Services 1.9%
Industrials 1.1%
Utilities 1.1%
Materials 0.4%
Consumer Staples 0.2%
Equity Country Allocation
(as a % of equity holdings as of 7/31/2016)
United States 83.7%
Israel 4.3%
India 3.6%
Netherlands 3.1%
China 1.2%
Bermuda 1.2%
Spain 1.2%
Germany 0.9%
Cyprus 0.6%
Finland 0.3%
Top 10 Equity Holdings
(as a % of net assets as of 7/31/2016)
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. 5.02%
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. 5.01%
Micron Technology, Inc., engages in the manufacture and marketing of semiconductor devices worldwide.Micron Technology, Inc. 4.24%
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. 4.16%
Vertex Pharmaceuticals Incorporated engages in the discovery, development, and commercialization of small molecule drugs for the treatment of serious diseases worldwide.Vertex Pharmaceuticals, Inc. 4.07%
Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses and supports a wide range of software products for computing devices.Microsoft Corp. 3.97%
Manufacturer of power-related applications including circuits and microchips for defense, aerospace, security and medical industriesMicrosemi Corp. 3.86%
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 3.66%
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. 3.64%
WNS (Holdings) Limited provides business process management services comprising data, voice, analytical, and business transformation services worldwideWNS (Holdings) Ltd. ADR 3.41%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 6/30/2016)
Top 10 Industry Allocation
(as a % of equity holdings as of 7/31/2016)
Semiconductors 19.8%
Data Processing & Outsourced Services 14.2%
Application Software 12.2%
Internet Software & Services 10.8%
Biotechnology 7.1%
IT Consulting & Other Services 4.4%
Systems Software 4.2%
Health Care Technology 3.8%
Consumer Electronics 3.3%
Pharmaceuticals 3.1%

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.

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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