Ivy European Opportunities Fund
- $28.28 NAV as of 3/24/2017
- ($0.04) / 0.14% Daily NAV Change
- 3.86% YTD (NAV)
Morningstar Style Box
- Ivy Investment Management Company
- 3 Years with Fund
- 21 Years in Industry
Robert Nightingale is a Vice President at Ivy Investment Management Company. Mr. Nightingale graduated from the University of Wisconsin in May 1996 with an MS in finance. He also has an MS in urban and regional planning and a BS in economics from the University of Wisconsin. Mr. Nightingale joined Ivy in July 1996 as an investment analyst. He was appointed assistant vice president in July 2000. He assumed assistant portfolio manager responsibilities on the international team in February 2006. Mr. Nightingale was appointed vice president in January 2009. He was named Portfolio Manager for the Ivy European Opportunities Fund in October 2013.
Growth of a $10,000 Investment
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.
Daily Prices as of 3/24/2017
|Net Asset Value (NAV)||$28.28|
|Daily NAV Change ($)||($0.04)||0.14%|
|Weekly NAV Change ($)||$-0.10||-0.35%|
|Public Offering Price (POP)||$30.01|
|Fiscal Year End||March|
|Fund Assets (as of 2/28/2017)||$176.0 mil|
|Total Equity Holdings (as of 2/28/2017)||58|
|Total Holdings (as of 2/28/2017)||59|
|Portfolio Turnover Rate (as of 9/30/2016)||41%|
|Lipper Category||European Region Funds|
|Morningstar Category||Europe Stock|
|Benchmark||MSCI Europe NR USD|
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, if it had, performance shown would be lower. Class A shares, including sales charges, reflects the maximum applicable front-end sales load.
Monthly Rates of Return
|Fund with 5.75% sales charge||-5.02%||4.51%||-4.28%||3.42%||-0.94%||11.49%|
|Fund at NAV||0.77%||10.89%||-2.38%||4.66%||-0.35%||11.86%|
|Lipper European Region Funds||3.28%||11.61%||-2.27%||5.55%||1.09%||4.69%|
|MSCI Europe NR USD||3.30%||12.15%||-3.13%||4.68%||0.67%||3.35%|
Quarterly Rates of Return
|Fund with 5.75% sales charge||-7.83%||-7.83%||-3.61%||5.70%||-0.93%||11.55%|
|Fund at NAV||-2.21%||-2.21%||-1.68%||6.96%||-0.34%||11.93%|
|Lipper European Region Funds||-0.94%||-0.94%||-2.33%||7.24%||0.84%||4.54%|
|MSCI Europe NR USD||-0.40%||-0.40%||-3.17%||6.25%||0.36%||3.19%|
Calendar Year Return
|MSCI Europe NR USD||19.12||25.23||-6.18||-2.84||-0.40|
Morningstar Ratings as of 2/28/2017
|Ratings are based on risk-adjusted returns|
|Overall out of 90|
|3 Year out of 90|
|5 Year out of 80|
|10 Year out of 59|
Lipper Ranking through 2/28/2017
|Rankings are based on average annual total returns, but do not consider sales charges.|
Expense Ratios as of 7/31/2016
5-Year Standard Deviation as of 2/28/2017
|MSCI Europe NR USD||14.29|
5-Year MPT* Statistics as of 2/28/2017
|*Modern Portfolio Theory|
Historical Prices Inception 5/4/1999
Historical Distributions Inception 5/4/1999
|12/8/2016||$0.361||Long: $0.000 Short: $0.000||$26.77||12/8/2016|
|12/10/2015||$0.098||Long: $0.000 Short: $0.000||$28.18||12/10/2015|
|12/11/2014||$0.503||Long: $0.000 Short: $0.000||$27.67||12/11/2014|
|12/12/2013||$0.0787||Long: $0.000 Short: $0.000||$27.98||12/12/2013|
|12/13/2012||$0.0889||Long: $0.000 Short: $0.000||$23.83||12/13/2012|
The table includes the daily prices at NAV (net asset value) for the history of this fund's selected share class. NAV is the amount per share you would receive if you sold shares that day.
Top 10 Equity Holdings as a % of net assets 2/28/2017
|BNP Paribas S.A.||BNP Paribas SA provides a range of banking and financial services worldwide.||3.54%|
|Marine Harvest ASA||Marine Harvest ASA, a seafood company, produces and sells farmed salmon products worldwide. It is engaged in the fish farming, processing, and smoking activities.||3.18%|
|Renault S.A.||Renault SA designs, manufactures, markets, and repairs passenger cars and light commercial vehicles. The Company also provides financing and service solutions, including credit for new and used vehicles.||3.06%|
|ING Groep N.V., Certicaaten Van Aandelen||ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates.||2.97%|
|Royal Dutch Shell plc, Class A||Royal Dutch Shell plc (Shell) is an independent oil and gas company.||2.91%|
|Thales||Thales S.A. provides various solutions for customers in the aerospace, space, defense, security, and transportation markets.||2.84%|
|Total S.A.||TOTAL is the world's fourth-largest integrated oil and petroleum company, engaged in oil and gas exploration, development, production, refining, marketing, trading and shipping.||2.67%|
|Shire plc||Shire plc, a biopharmaceutical company, researches, develops, manufactures, sells, and distributes pharmaceutical products. It operates in three segments: Specialty Pharmaceuticals, Human Genetic Therapies and Regenerative Medicine.||2.67%|
|Paysafe Group plc||2.56%|
|HSBC Holdings plc||HSBC Holdings plc is a global banking and financial services organization. It provided a range of financial services to around 95 million customers through two groups, Personal Financial Services and Commercial Banking, and two global businesses, Global Banking & Markets and Global Private Banking.||2.55%|
Total Portfolio Holdings
as a % of equity assets as of 2/28/2017
|Median Market Cap (as of 2/28/2017)||$27.7 bil|
Top 10 Industry Allocation
as a % of Equity Holdings as of 2/28/2017
|Integrated Oil & Gas||8.0%|
|Packaged Foods & Meats||6.1%|
|Aerospace & Defense||4.5%|
|Auto Parts & Equipment||3.4%|
|Oil & Gas Exploration & Production||3.2%|
as a % of equity assets as of 2/28/2017
as a % of net assets as of 2/28/2017
|Foreign Common Stock||99.21%|
|Cash and Cash Equivalents||0.79%|
Equity Country Allocation
as a % of equity assets as of 2/28/2017
|Isle Of Man||2.6%|
Total Portfolio HoldingsUpdated quarterly, upon availability.
Risk Factors: The value of the Fund's shares will change, and you could lose money on your investment. Because the Fund is generally invested in a small number of stocks, the performance of any one security held by the Fund will have a greater impact that if the Fund were invested in a larger number of securities. 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. International investing involves additional risks including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. 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.
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: MSCI Europe is an unmanaged index comprised of securities that represent the securities markets in Europe. It is not possible to invest directly in an index.
The MSCI information may only be used for your internal use, may not be reproduced or repurposed in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, salability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Source: MSCI.
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.
A large portion of the fund's since inception return is attributable to investments in initial public offerings, without which the fund's return would have been lower.
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. YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.
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.
Alpha, Beta, R-Squared, Standard Deviation, Sharpe Ratio and Capture Ratio are 5 year statistics. Alpha is a measure of a fund's actual returns and expected performance, given its level of risk (as measured by beta). Beta reflects the sensitivity of the fund's return to fluctuations in the market index. R-squared indicates how much of a fund's fluctuations were attributable to movements in the fund's benchmark. Standard deviation is a measure of how volatile a fund's returns are. Sharpe ratio is a measure of a fund's risk-adjusted performance. Capture ratio reflects the annualized product of fund vs. index returns for all months in which the index had a positive return (upside capture) or negative return (downside capture).
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
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.