Ivy Global Equity Income Fund
- $11.75 NAV as of 12/2/2016
- ($0.01) / 0.09% Daily NAV Change
- 0.26% YTD (NAV)
Seeking growth and income across the globe
- Global diversification
- Flexibility to invest in stocks trading in most countries around the world in a variety of economic sectors and industries.
- Income potential
- Seeks income generating securities with favorable prospects for total return.
- Experienced management
- Portfolio manager experience is approximately 20 years and supported by more than 70 investment professionals.
Morningstar Style Box
- Ivy Investment Management Company
- 4 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 Global Equity Income Fund in June 2012.
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 12/2/2016
|Net Asset Value (NAV)||$11.75|
|Daily NAV Change ($)||($0.01)||0.09%|
|Weekly NAV Change ($)||$-0.02||-0.17%|
|Public Offering Price (POP)||$11.75|
|Fiscal Year End||March|
|Dividends Paid||March, June, September, December|
|Fund Assets (as of 10/31/2016)||$349.2 mil|
|Total Equity Holdings (as of 10/31/2016)||66|
|Total Holdings (as of 10/31/2016)||66|
|Portfolio Turnover Rate|
|Lipper Category||Global Equity Income Funds|
|Morningstar Category||World Stock|
|Benchmark||MSCI World High Dividend Yield 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. Class B shares, including sales charge, reflects the applicable contingent deferred sales charge (CDSC), which declines from 5% at the time of purchase to zero at the beginning of the seventh year.
Monthly Rates of Return
|Fund with maximum 5.00% CDSC||-4.41%||-5.45%||0.11%||—||—||7.75%|
|Fund at NAV||0.52%||-1.74%||1.00%||—||—||8.09%|
Quarterly Rates of Return
|Fund with maximum 5.00% CDSC||-1.67%||2.20%||2.62%||—||—||8.76%|
|Fund at NAV||3.33%||6.20%||3.53%||—||—||9.11%|
|Lipper Global Equity Income Funds||7.15%||10.84%||4.10%||8.95%||3.47%||9.33%|
|MSCI World High Dividend Yield NR USD||9.64%||14.69%||4.94%||9.94%||3.74%||10.80%|
Calendar Year Return
|MSCI World High Dividend Yield NR USD||3.89||12.24||21.91||2.48||-3.20|
Morningstar Ratings as of 10/31/2016
|Ratings are based on risk-adjusted returns|
|Overall out of 960|
|3 Year out of 960|
|5 Year out of —|
|10 Year out of —|
Lipper Ranking through 10/31/2016
|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
|MSCI World High Dividend Yield NR USD||11.23|
Historical Prices Inception 6/4/2012
|Date||Price||Dividend Reinvest Date||Capital Gain Reinvest Date|
Historical Distributions Inception 6/4/2012
|Ex-date||Income||Capital Gains||Reinvest Gains||Payment Date|
|9/15/2016||$0.089||Long: $0.000 Short: $0.000||$11.97||9/15/2016|
|6/16/2016||$0.14||Long: $0.000 Short: $0.000||$11.7||6/16/2016|
|3/10/2016||$0.012||Long: $0.000 Short: $0.000||$11.64||3/10/2016|
|12/10/2015||$0.093||Long: $0.360 Short: $0.000||$11.89||12/10/2015|
|9/10/2015||$0.089||Long: $0.000 Short: $0.000||$12.28||9/10/2015|
|6/11/2015||$0.118||Long: $0.000 Short: $0.000||$13.41||6/11/2015|
|3/12/2015||$0.01||Long: $0.000 Short: $0.000||$13.26||3/12/2015|
|12/11/2014||$0.11||Long: $0.249 Short: $0.009||$12.78||12/11/2014|
|9/11/2014||$0.075||Long: $0.000 Short: $0.000||$13.32||9/11/2014|
|6/12/2014||$0.161||Long: $0.000 Short: $0.000||$13.65||6/12/2014|
|3/13/2014||$0.077||Long: $0.000 Short: $0.000||$13.02||3/13/2014|
|12/12/2013||$0.083||Long: $0.019 Short: $0.082||$12.63||12/12/2013|
|9/12/2013||$0.072||Long: $0.000 Short: $0.000||$12.36||9/12/2013|
|6/13/2013||$0.138||Long: $0.000 Short: $0.000||$11.87||6/13/2013|
|3/14/2013||$0.016||Long: $0.000 Short: $0.000||$11.89||3/14/2013|
|12/13/2012||$0.1475||Long: $0.000 Short: $0.092||$11.13||12/13/2012|
|9/13/2012||$0.056||Long: $0.000 Short: $0.000||$11.32||9/13/2012|
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.
12-Month Trailing Dist. Yield as of 10/31/2016
|With Sales Charge||2.73%|
Annualized 30-Day SEC Yield as of 10/31/2016
|Subsidized - NAV||1.73%|
|Unsubsidized - NAV||1.73%|
Top 10 Equity Holdings as a % of net assets 10/31/2016
|Microsoft Corp.||Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses and supports a wide range of software products for computing devices.||3.50%|
|Johnson & Johnson||Johnson & Johnson is a holding company. The Company, along with its subsidiaries, is engaged in the research and development, manufacture and sale of a range of products in the healthcare field.||3.18%|
|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.||2.93%|
|Merck & Co., Inc.||Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products worldwide.||2.88%|
|Pfizer, Inc.||Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. The Company manages its operations through five segments: Primary Care; Specialty Care and Oncology; Established Products and Emerging Markets; Animal Health and Consumer Healthcare, and Nutrition.||2.82%|
|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.||2.72%|
|Royal Dutch Shell plc, Class A||Royal Dutch Shell plc (Shell) is an independent oil and gas company.||2.56%|
|Cisco Systems, Inc.||Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products relating to the communications and information technology industry worldwide.||2.53%|
|PJSC LUKOIL ADR||2.06%|
as a % of equity assets as of 11/30/2016
|Median Market Cap (as of 10/31/2016)||$43.3 bil|
Top 10 Industry Allocation
as a % of Equity Holdings as of 10/31/2016
|Integrated Oil & Gas||11.8%|
|Integrated Telecommunication Services||8.8%|
|Packaged Foods & Meats||4.8%|
|Aerospace & Defense||4.5%|
as a % of equity assets as of 10/31/2016
as a % of net assets as of 10/31/2016
|Foreign Common Stock||66.52%|
|Domestic Common Stock||32.81%|
|Cash and Cash Equivalents||0.67%|
Equity Country Allocation
as a % of equity assets as of 10/31/2016
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. 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 risks are magnified in emerging markets. Fixed income securities are subject to interest rate risk and, as such, the net asset value of the Fund may fall as interest rates rise. Investing in high-income securities may carry a greater risk of nonpayment of interest or principal than higher-rated bonds. Dividend- paying investments may not experience the same price appreciation as non-dividend paying instruments. Dividend-paying companies may choose to not pay a dividend or the dividend may be less than expected. 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 World High Div Yld NR USD - MSCI World High Dividend Yield Index is designed to reflect the performance of equities (excluding REITs) with higher than average dividend yields that are both sustainable and persistent, first calculated on 5/31/2006. 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.
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.
30-Day SEC Yield: is calculated based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30 day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.
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.