Waddell & Reed

Fund Detail

WRA Small Cap Fund
Class A Shares

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Fund Facts
Ticker Symbol UNSAX
CUSIP 930057328
Fund Code 677
Fund Type Domestic Equity
Fund Inception 10/4/1999
Class Inception 10/4/1999
Fiscal Year End June
Dividends Paid December
Fund Assets (as of 7/31/2016) $832.6 mil
Total Equity Holdings (as of 7/31/2016) 81
Total Holdings (as of 7/31/2016) 92
Portfolio Turnover Rate (as of 6/30/2016) 42%
Lipper Category Small-Cap Growth Funds
Morningstar Category Small Growth
Benchmarks Russell 2000 Growth TR USD
Daily Prices
as of 8/24/2016
Net Asset Value (NAV) $15.41
NAV Change ($) ($0.14)
NAV Change (%) -0.90%
Weekly NAV Change ($) $0.20
Weekly NAV Change (%) 1.31%
Public Offering Price (POP) $16.35
Historical Prices & Distributions
Please select a date
Fund Description

Seeking small companies with large-cap opportunities

Sound philosophy
Seeks small-cap growth companies that are industry leaders, serving markets that are growing substantially and producing solid financial returns.
Experience & vision
Managed by an investment professional with more than 30 years of industry experience including roles as chief investment officer and head of growth funds group at a major investment firm.
Consistent process
Manager’s expertise is coupled with additional resources that have been associated with the firm’s small-cap growth products since 2003.
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
(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 8.38% -0.66% 7.92% 9.58% 9.28% 8.70%
Fund with 5.75% sales charge 2.12% -6.39% 5.82% 8.29% 8.63% 8.32%
Russell 2000 Growth TR USD 4.84% -5.30% 7.39% 10.78% 8.40% 5.93%
Lipper Small-Cap Growth Funds 4.49% -5.84% 5.94% 9.22% 7.64% 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 3.38% -4.76% 8.11% 7.73% 8.11% 8.44%
Fund with 5.75% sales charge -2.59% -10.23% 5.99% 6.46% 7.48% 8.06%
Russell 2000 Growth TR USD -1.59% -10.75% 7.74% 8.51% 7.14% 5.56%
Lipper Small-Cap Growth Funds -1.05% -10.41% 6.33% 7.15% 6.47% N/A
Expense Ratios
as of 10/30/2015
Net 1.43%
Gross 1.43%
Growth of a $10,000 Investment
through 7/31/2016
 Small Cap A
 Russell 2000 Growth 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 7/31/2016
Category: Small-Cap Growth Funds
  Rank Percentile
1 Year 104 / 551 19
3 Year 107 / 489 22
5 Year 208 / 433 48
10 Year 38 / 306 13

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

Morningstar Ratings
as of 7/31/2016
Category: Small Growth
Overall (out of 657 Small Growth)
3 Year (out of 657 Small Growth)
5 Year (out of 589 Small Growth)
10 Year (out of 430 Small Growth)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 7/31/2016)
Domestic Common Stock 90.91%
Cash and Cash Equivalents 6.10%
Foreign Common Stock 2.99%
Sector Allocation
(as a % of equity holdings as of 7/31/2016)
Information Technology 31.5%
Consumer Discretionary 22.7%
Health Care 18.4%
Industrials 10.6%
Financials 7.7%
Energy 5.5%
Consumer Staples 2.2%
Materials 1.5%
Equity Country Allocation
(as a % of equity holdings as of 7/31/2016)
United States 96.5%
Canada 1.8%
Thailand 1.4%
Netherlands 0.4%
Top 10 Equity Holdings
(as a % of net assets as of 7/31/2016)
The Ultimate Software Group, Inc. (Ultimate) provides unified human capital management (HCM) software-as-a-service (SaaS) solutions for global businesses. Ultimate’s UltiPro software (UltiPro) is a SaaS-based solution designed to deliver the functionality needed to manage the employment life cycle.Ultimate Software Group, Inc. (The) 3.77%
Vail Resorts, Inc. is a holding company operating in three business segments: Mountain, Lodging and Real Estate. Its Mountain segment operates six ski resort properties, ancillary services including ski school, dining and retail/rental operations, which provide a resort experience to clients.Vail Resorts, Inc. 3.65%
U.S. health care staffing, recruitment and workforce solutions companyAMN Healthcare Services, Inc. 3.49%
North American distributor of air conditioning, heating and refrigeration equipment, operating in the U.S., Canada, Mexico and Puero Rico.Watsco, Inc. 2.95%
POOLCORP is the largest wholesale distributor of swimming pool and related backyard products.Pool Corp. 2.43%
SVB Financial Group (SVBFG) is a financial services company, a bank holding company and financial holding company. Through its subsidiaries and divisions it offers a range of banking and financial products and services to clients across the U.S., as well as in international entrepreneurial markets.SVB Financial Group 2.16%
Booz Allen Hamilton Holding Corp. 2.15%
Core-Mark Holding Co., Inc. 2.02%
Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States.Jack Henry & Associates, Inc. 2.01%
DexCom, Inc. is a medical device company focused on the design, development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers in the hospital for the treatment of both diabetic and non-diabetic patients.DexCom, Inc. 2.01%
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)
Application Software 12.9%
Health Care Equipment 5.6%
Restaurants 5.6%
IT Consulting & Other Services 5.2%
Health Care Services 5.0%
Trading Companies & Distributors 5.0%
Oil & Gas Exploration & Production 5.0%
Distributors 4.7%
Electronic Manufacturing Services 4.5%
Regional Banks 4.2%

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.

Index Description: Russell 2000 Growth is an unmanaged index comprised of securities that represent the small cap 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.

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.

Effective April 1, 2010 Timothy Miller is primarily responsible for the day-to-day management of the Waddell & Reed Advisors Small Cap Fund.

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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