InvestEd Balanced Portfolio
- $11.28 NAV as of 2/21/2017
- ($0.04) / 0.36% Daily NAV Change
- 4.83% YTD (NAV)
To seek to provide total return through a combination of capital appreciation and current income.
growth-oriented Waddell & Reed Advisors and/or Ivy equity mutual funds and Waddell & Reed Advisors and/or Ivy bond and income-producing mutual funds. Each underlying fund, in turn, invests in a diversified portfolio of securities.
Morningstar Style Box
Cynthia P. Prince-Fox
- Ivy Investment Management Company
- 1 Year with Fund
- 34 Years in Industry
Cynthia P. Prince-Fox is a senior vice president of Ivy Investment Management Company and Waddell & Reed Investment Management Company. Ms. Prince-Fox joined the firm in 1983 as an equity investment analyst. In 1991, she assumed the role of assistant portfolio manager. In 1993, she was appointed portfolio manager of Waddell & Reed Advisors Continental Income Fund. In July 2013, Ms. Prince-Fox was named portfolio manager of the Waddell & Reed Advisors Dividend Opportunities Fund. In August 2014, she was appointed portfolio manager of the Ivy Asset Strategy Fund, Ivy VIP Asset Strategy and Waddell & Reed Advisors Asset Strategy Fund. She graduated in 1982 from St. Mary's University at San Antonio, Texas with a BBA degree in finance. She earned an MBA with an emphasis in finance from Rockhurst College in 1989.
Chace Brundige, CFA
- Ivy Investment Management Company
- 1 Year with Fund
- 23 Years in Industry
Chace Brundige, CFA is a senior vice president of Ivy Investment Management Company and Waddell & Reed Investment Management Company. Mr. Brundige began his investment career at UMB Financial Corp. in 1991. In 1996, he joined our firm as an equity investment analyst but left in 1999 to join TCW/WestBridge Ventures LLC in San Francisco as a vice president and limited partner. Mr. Brundige rejoined our firm 2003 as an assistant portfolio manager to the large-cap growth team. He managed the Waddell & Reed Advisors Tax-Managed Equity Fund from February 2006 through December 2008. Mr. Brundige assumed portfolio manager responsibility for the Waddell & Reed Advisors International Growth Fund, Ivy Funds VIP International Growth (formerly W&R Target Funds International Growth Portfolio), and the Ivy International Growth Fund in January 2009. In August 2014, Mr. Brundige was appointed portfolio manager of the Ivy Asset Strategy Fund, Ivy VIP Asset Strategy and Waddell & Reed Advisors Asset Strategy Fund. Mr. Brundige graduated from Kansas State University in 1991 with a BS in finance. He earned an MBA with an emphasis in finance and accounting from the University of Chicago Graduate School of Business in 1996.
Aaron D. Young
- Ivy Investment Management Company
- 1 Year with Fund
- 11 Years in Industry
Aaron D. Young is a vice president of Ivy Investment Management Company and Waddell & Reed Investment Management Company. Mr. Young joined the organization in 2005 as a fixed-income analyst. He joined the Asset Strategy team as an investment analyst in 2007. Mr. Young was named assistant portfolio manager of the Asset Strategy products in 2012 and continues in that role. He was appointed vice president in 2014. Mr. Young was named co-portfolio manager of InvestEd Portfolios, Ivy Funds VIP Pathfinder portfolios, Ivy Funds VIP Pathfinder Managed Volatility portfolios and Ivy Managed International Opportunities Fund in October 2016. Prior to joining the firm, he was a fixed-income analyst with NISA Investment Advisors, LLC. Mr. Young graduated with honors in 2000 with a BA in philosophy from the University of Missouri. He earned an MBA with an emphasis in finance and strategy from the Olin School of Business at Washington University in 2005.
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 2/21/2017
|Net Asset Value (NAV)||$11.28|
|Daily NAV Change ($)||($0.04)||0.36%|
|Weekly NAV Change ($)||$0.10||0.89%|
|Public Offering Price (POP)||$11.97|
|Fiscal Year End||December|
|Fund Assets (as of 1/31/2017)||$170.4 mil|
|Portfolio Turnover Rate (as of 6/30/2016)||19%|
|Lipper Category||Mixed-Asset Target Alloc Growth Funds|
|Morningstar Category||Allocation--50% to 70% Equity|
|Benchmark||S&P 500 TR USD|
|Benchmark||Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD|
|Benchmark||Bloomberg Barclays US Agg Bond TR 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 A shares, including sales charges, reflects the maximum applicable front-end sales load.
Monthly Rates of Return
|Fund with 5.75% sales charge||-3.41%||3.64%||1.92%||5.86%||4.22%||5.26%|
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||0.04%||0.30%||0.12%||0.10%||0.69%||1.27%|
|Bloomberg Barclays US Agg Bond TR USD||0.20%||1.45%||2.59%||2.09%||4.37%||4.50%|
|Lipper Mixed-Asset Target Alloc Growth Funds||1.69%||13.46%||5.21%||8.09%||4.67%||6.01%|
|S&P 500 TR USD||1.90%||20.04%||10.85%||14.09%||6.99%||7.38%|
|Fund at NAV||2.51%||9.92%||3.96%||7.12%||4.83%||5.66%|
Quarterly Rates of Return
|Fund with 5.75% sales charge||-3.73%||-3.73%||0.52%||5.82%||4.05%||5.11%|
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||0.26%||0.26%||0.10%||0.09%||0.72%||1.28%|
|Fund at NAV||2.17%||2.17%||2.52%||7.09%||4.67%||5.52%|
|Bloomberg Barclays US Agg Bond TR USD||2.65%||2.65%||3.03%||2.23%||4.34%||4.51%|
|Lipper Mixed-Asset Target Alloc Growth Funds||7.02%||7.02%||3.85%||8.63%||4.62%||5.94%|
|S&P 500 TR USD||11.96%||11.96%||8.87%||14.66%||6.95%||7.29%|
Calendar Year Return
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||0.08||0.05||0.02||0.03||0.26|
|Bloomberg Barclays US Agg Bond TR USD||4.21||-2.02||5.97||0.55||2.65|
|S&P 500 TR USD||16.00||32.39||13.69||1.38||11.96|
Morningstar Ratings as of 1/31/2017
|Ratings are based on risk-adjusted returns|
|Overall out of 722|
|3 Year out of 722|
|5 Year out of 616|
|10 Year out of 429|
Lipper Ranking through 1/31/2017
|Rankings are based on average annual total returns, but do not consider sales charges.|
Expense Ratios as of 4/30/2016
5-Year Standard Deviation as of 1/31/2017
|S&P 500 TR USD||10.26|
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||N/A|
|Bloomberg Barclays US Agg Bond TR USD||2.89|
5-Year MPT* Statistics as of 1/31/2017
|*Modern Portfolio Theory|
Historical Prices Inception 10/1/2001
Historical Distributions Inception 10/1/2001
|12/13/2016||$0.0976||Long: $0.832 Short: $0.006||$10.86||12/13/2016|
|12/15/2015||$0.1541||Long: $0.865 Short: $0.005||$11.39||12/15/2015|
|12/16/2014||$0.2125||Long: $1.069 Short: $0.042||$12.05||12/16/2014|
|12/17/2013||$0||Long: $0.260 Short: $0.002||$12.83||12/17/2013|
|12/18/2012||$0.1435||Long: $0.195 Short: $0.074||$11.27||12/18/2012|
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.
Total Portfolio Holdings
Top 10 Industry Allocation
as a % of Equity Holdings as of 1/31/2017
|Internet Software & Services||9.5%|
|Data Processing & Outsourced Services||5.6%|
|Oil & Gas Exploration & Production||4.4%|
|Oil & Gas Equipment & Services||3.9%|
|Investment Banking & Brokerage||3.3%|
Fixed Income Country Allocation
as a % of bond holdings as of 1/31/2017
|British Virgin Islands||0.5%|
|United Arab Emirates||0.4%|
as a % of equity assets as of 1/31/2017
as a % of fixed income assets as of 1/31/2017
|Quality: Ratings obtained from Standard & Poor's. For securities not rated by Standard & Poor's, ratings are obtained from Moody's. We do not evaluate these ratings, but simply assign them to the appropriate credit quality category as determined by the rating agency.|
as a % of net assets as of 1/31/2017
|Domestic Common Stock||58.42%|
|Foreign Common Stock||11.30%|
|Cash and Cash Equivalents||2.17%|
|Other Government Securities||0.57%|
|General Obligation Bonds||0.23%|
Equity Country Allocation
as a % of equity assets as of 1/31/2017
Total Portfolio HoldingsUpdated quarterly, upon availability.
Risk Factors: The value of the Portfolio's shares will change, and you could lose money on your investment. The ability of the Portfolio to meet its investment objective depends both on the allocation of its assets among the underlying funds and the ability of those funds to meet their respective investment objectives. In general, the Portfolio is subject to the same risks as those of the underlying funds it holds. These and other risks are more fully described in the Portfolio's prospectus.
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.
Stylebox: The Morningstar Fixed Income Style Box reveals a fund’s investment style. The vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond’s effective duration. Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by a Nationally Recognized Statistical Rating Organization (NRSRO). If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. Credit quality breakdowns are shown for corporate-bond holdings and depict the quality of bonds in the underlying portfolio. The report shows the percentage of fixed-income securities that fall within each credit quality rating as assigned by an NRSRO. Bonds not rated by an NRSRO are included in the not rated (NR) category. Please note: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time. For credit quality, Morningstar combines the credit rating information provided by fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of “low,” “medium,” or “high” based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than “BBB-;” medium are those less than “AA-,” but greater or equal to “BBB-;” and high are those with a with a weighted-average credit quality of “AA-” or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar’s analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund’s interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI’s average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive.
Index Description: S&P 500 - An unmanaged index of common stocks. It is not possible to invest directly in an index.
Index Description: The Barclays U.S. Treasury Bills: 1-3 Month Index - Includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months and more than 1 month, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities are denominated in U.S. dollars and are fixed rate and non-convertible. It is not possible to invest directly in an index.
Index Description: The Barclays U.S. Aggregate Bond TR USD Index - A market capitalization-weighted index, representing most U.S. traded investment grade bonds. 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.
The Fund's Board of Directors has established target ranges for the allocation of the portfolio's assets. The range of portfolio net assets invested in equity funds will be from 40% to 75%; correspondingly, the range of portfolio net assets invested in bond and income-producing funds will be from 60% to 25%. Subject to these asset allocation ranges, the Board of Directors has established these target ranges for investment of the portfolio's assets in specific underlying funds.
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.
Quality: Ratings obtained from Standard & Poor's. For securities not rated by Standard & Poor's, ratings are obtained from Moody's. We do not evaluate these ratings, but simply assign them to the appropriate credit quality category as determined by the rating agency.
Information is subject to change and is not intended to represent any past or future investment recommendations.
Investors should consider the investment objectives, risks, charges and expenses associated with the Ivy Funds InvestEd 529 Plan carefully before investing. This and other information is found in the InvestEd Portfolios prospectus, and the Ivy Funds prospectus, the Ivy Funds InvestEd 529 Plan Program Overview, and the Ivy Funds InvestEd 529 Plan Account Application. Please encourage your clients to read the prospectus carefully before investing. An investor should also consider, before investing whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 college savings plan. Investment return and principal value will fluctuate, and it is possible to lose money by investing.
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.