Waddell & Reed

Fund Detail

WRA Value Fund
Class A Shares

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Fund Facts
Ticker Symbol WVAAX
CUSIP 93005P500
Fund Code 672
Fund Type Domestic Equity
Fund Inception 12/15/2000
Class Inception 12/15/2000
Fiscal Year End June
Dividends Paid December
Fund Assets (as of 2/28/2015) $949.6 mil
Total Equity Holdings (as of 2/28/2015) 40
Total Holdings (as of 2/28/2015) 47
Lipper Category Large Cap Value Funds
Morningstar Category Large Value
Benchmarks Russell 1000 Value TR USD
Daily Prices
as of 3/31/2015
Net Asset Value (NAV) $16.01
NAV Change ($) ($0.07)
NAV Change (%) -0.44%
Weekly NAV Change ($) $0.10
Weekly NAV Change (%) 0.63%
Public Offering Price (POP) $16.99
Historical Prices & Distributions
Please select a date
Fund Description

Finding opportunity in value

Focused approach
Focuses on long-term appreciation by seeking out companies that are undervalued relative to their perceived longer-term potential.
Experienced management
Manager has more than 20 years of industry experience and a keen insight into the value segment of the equities market.
Potential benefits
Offers portfolio diversification with exposure to the value sector of the market. Diversification cannot ensure a profit or protect against loss in a declining market.
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 Average Annual Total Returns
as of 3/31/2015
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -2.32% 5.65% 14.82% 11.74% 6.72% 6.62%
Fund with 5.75% sales charge -7.94% -0.45% 12.56% 10.42% 6.09% 6.18%
Quarterly Rates of Return Average Annual Total Returns
as of 3/31/2015
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV -2.32% 5.65% 14.82% 11.74% 6.72% 6.62%
Fund with 5.75% sales charge -7.94% -0.45% 12.56% 10.42% 6.09% 6.18%
Expense Ratios
as of 10/31/2014
Net 1.26%
Gross 1.26%
Growth of a $10,000 Investment
through 3/31/2015

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 2/28/2015
Category: Large Cap Value Funds
  Rank Percentile
1 Year 390 / 508 77
3 Year 223 / 450 50
5 Year 212 / 391 55
10 Year 113 / 280 41

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

Morningstar Ratings
as of 2/28/2015
Category: Large Value
Overall (out of 1121 Large Value)
3 Year (out of 1121 Large Value)
5 Year (out of 982 Large Value)
10 Year (out of 680 Large Value)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 2/28/2015)
Domestic Common Stock 86.27%
Foreign Common Stock 8.15%
Cash and Cash Equivalents 5.58%
Sector Allocation
(as a % of equity holdings as of 2/28/2015)
Financials 28.9%
Consumer Discretionary 19.4%
Information Technology 14.5%
Health Care 13.8%
Energy 10.6%
Consumer Staples 9.0%
Materials 2.6%
Utilities 1.2%
Top 10 Equity Holdings
(as a % of net assets as of 2/28/2015)
Time Warner Cable Inc. is a cable operator in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas, offering video, high-speed data and voice services over its broadband cable systems to residential, commercial customers.Time Warner Cable, Inc. 5.3%
American International Group, Inc. (AIG) is an international insurance company with customers in over 130 countries. The Company serves commercial, institutional, individual customers through property-casualty networks of any insurer, and provides life insurance, retirement services in the U.S.American International Group, Inc. 4.9%
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Citigroup businesses provide consumers, corporations, governments and institutions with a range of financial products and services.Citigroup, Inc. 4.6%
Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells storage products and solutions that enable people to create, manage, experience, and preserve digital content. Western Digital Corp. 4.6%
Capital One Financial Corporation operates as the bank holding company, provides various financial products and services to consumers, small businesses, and commercial clients in the United States, Canada, and the United Kingdom.Capital One Financial Corp. 4.5%
Teva Pharmaceutical Industries Ltd (Teva) is a global pharmaceutical and drug company. It develops, produces and markets generic drugs in all treatment categories. Teva Pharmaceutical Industries Ltd. ADR 4.1%
SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products.SanDisk Corp. 3.7%
Philip Morris International Inc manufactures and sells cigarettes and other tobacco products in markets outside of the United States of America. The company's portfolio comprises international and local brands.Philip Morris International, Inc. 3.5%
MetLife, Inc. (MetLife), is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.MetLife, Inc. 3.4%
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individual consumers.Bank of America Corp. 3.2%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 12/31/2014)

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: Russell 1000 Value is an unmanaged index comprised of securities that represent the large 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.

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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