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 7/31/2016) $762.3 mil
Total Equity Holdings (as of 7/31/2016) 39
Total Holdings (as of 7/31/2016) 50
Portfolio Turnover Rate (as of 6/30/2016) 50%
Lipper Category Large Cap Value Funds
Morningstar Category Large Value
Benchmarks Russell 1000 Value TR USD
Daily Prices
as of 8/25/2016
Net Asset Value (NAV) $13.88
NAV Change ($) $0.02
NAV Change (%) 0.14%
Weekly NAV Change ($) ($0.06)
Weekly NAV Change (%) -0.43%
Public Offering Price (POP) $14.73
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
(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 1.26% -5.42% 5.83% 9.66% 5.85% 5.99%
Fund with 5.75% sales charge -4.53% -10.88% 3.76% 8.37% 5.23% 5.59%
Russell 1000 Value TR USD 9.38% 5.39% 8.99% 12.75% 6.18% 6.45%
Lipper Large Cap Value Funds 6.17% 0.98% 7.20% 10.75% 5.51% 2.14%
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 -1.78% -5.49% 6.09% 8.04% 5.65% 5.82%
Fund with 5.75% sales charge -7.39% -10.95% 4.02% 6.76% 5.02% 5.42%
Russell 1000 Value TR USD 6.30% 2.86% 9.87% 11.35% 6.13% 6.29%
Lipper Large Cap Value Funds 2.98% -1.21% 7.94% 9.34% 5.33% 2.14%
Expense Ratios
as of 10/30/2015
Net 1.23%
Gross 1.23%
Growth of a $10,000 Investment
through 7/31/2016
 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 7/31/2016
Category: Large Cap Value Funds
  Rank Percentile
1 Year 480 / 508 95
3 Year 348 / 443 79
5 Year 306 / 399 77
10 Year 119 / 288 42

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

Morningstar Ratings
as of 7/31/2016
Category: Large Value
Overall (out of 1173 Large Value)
3 Year (out of 1173 Large Value)
5 Year (out of 1030 Large Value)
10 Year (out of 760 Large Value)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 7/31/2016)
Domestic Common Stock 88.77%
Cash and Cash Equivalents 7.00%
Foreign Common Stock 4.23%
Sector Allocation
(as a % of equity holdings as of 7/31/2016)
Financials 33.3%
Health Care 14.5%
Energy 12.4%
Information Technology 11.9%
Consumer Discretionary 11.4%
Consumer Staples 8.2%
Utilities 3.9%
Materials 3.6%
Industrials 0.9%
Equity Country Allocation
(as a % of equity holdings as of 7/31/2016)
United States 95.4%
Israel 2.7%
United Kingdom 1.9%
Top 10 Equity Holdings
(as a % of net assets as of 7/31/2016)
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company.JPMorgan Chase & Co. 4.69%
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. 4.59%
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. 3.84%
The Dow Chemical Company engages in the manufacture and sale of chemicals, plastic materials, agricultural, and other specialized products and services worldwide.Dow Chemical Co. (The) 3.34%
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. 3.32%
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. 3.12%
Duke Energy Corp. 2.99%
Target Corporation operates general merchandise stores in the United States. Target Corp. 2.94%
MetLife, Inc. (MetLife), is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.MetLife, Inc. 2.85%
Micron Technology, Inc., engages in the manufacture and marketing of semiconductor devices worldwide.Micron Technology, Inc. 2.84%
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)
Other Diversified Financial Services 10.0%
Consumer Finance 6.6%
Managed Health Care 6.1%
Integrated Oil & Gas 4.8%
Oil & Gas Storage & Transportation 4.6%
Systems Software 4.1%
Electric Utilities 3.9%
Diversified Chemicals 3.6%
Multi-Line Insurance 3.4%
General Merchandise Stores 3.2%

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 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.

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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