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 11/30/2014) $953.1 mil
Total Equity Holdings (as of 11/30/2014) 38
Total Holdings (as of 11/30/2014) 48
Lipper Category Large Cap Value Funds
Morningstar Category Large Value
Benchmarks Russell 1000 Value TR USD
Daily Prices
as of 12/19/2014
Net Asset Value (NAV) $16.38
NAV Change ($) $0.08
NAV Change (%) 0.49%
Weekly NAV Change ($) $0.55
Weekly NAV Change (%) 3.47%
Public Offering Price (POP) $17.38
Historical Prices & Distributions
Please select a date
Fund Description
Fund Objective
To seek to provide capital appreciation.

Investment Approach
The Fund primarily uses fundamental, bottom-up research while considering a top-down (assess the market environment) and quantitative analysis. The Fund seeks to invest in stocks the manager believes are undervalued; or those trading at a significant discount relative to the intrinsic value of the company as estimated by the manager and/or are out of favor in the financial markets but have a favorable outlook for capital appreciation.
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 11/30/2014
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 11.31% 14.74% 21.34% 14.50% 7.38% 7.02%
Fund with 5.75% sales charge 4.93% 8.13% 18.99% 13.15% 6.75% 6.56%
Russell 1000 Value TR USD 12.76% 15.62% 21.45% 15.69% 7.59% 6.92%
Lipper Large Cap Value Funds 10.40% 12.99% 19.59% 13.80% 6.68% 2.14%
Quarterly Rates of Return Average Annual Total Returns
as of 9/30/2014
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 9.73% 21.48% 24.72% 14.66% 7.99% 6.99%
Fund with 5.75% sales charge 3.44% 14.47% 22.29% 13.32% 7.35% 6.53%
Russell 1000 Value TR USD 8.07% 18.89% 23.93% 15.26% 7.84% 6.67%
Lipper Large Cap Value Funds 6.60% 17.04% 22.30% 13.64% 7.03% 2.14%
Expense Ratios
as of 10/31/2014
Net 1.26%
Gross 1.26%
Growth of a $10,000 Investment
through 11/30/2014
 Value A
 Russell 1000 Value 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 11/30/2014
Category: Large Cap Value Funds
  Rank Percentile
1 Year 107 / 494 22
3 Year 91 / 432 22
5 Year 132 / 384 35
10 Year 83 / 269 31

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

Morningstar Ratings
as of 11/30/2014
Category: Large Value
Overall (out of 1094 Large Value)
3 Year (out of 1094 Large Value)
5 Year (out of 968 Large Value)
10 Year (out of 657 Large Value)

Ratings are based on risk-adjusted returns.

Holdings
Portfolio Composition
(as a % of net assets as of 11/30/2014)
Domestic Common Stock 90.18%
Foreign Common Stock 5.05%
Cash and Cash Equivalents 4.76%
Sector Allocation
(as a % of equity holdings as of 11/30/2014)
Financials 25.3%
Energy 17.4%
Information Technology 14.7%
Consumer Discretionary 14.5%
Health Care 14.3%
Consumer Staples 8.8%
Materials 4.9%
Top 10 Equity Holdings
(as a % of net assets as of 11/30/2014)
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. 5.9%
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%
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%
SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products.SanDisk Corp. 4.4%
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. 4.2%
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. 4.1%
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%
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company.JPMorgan Chase & Co. 3.8%
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. 3.6%
Xerox Corporation engages in the production and sale of document systems and services for businesses.Xerox Corp. 3.3%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 9/30/2014)

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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