Ivy VIP Asset Strategy
- $7.98 NAV as of 12/6/2016
- ($-0.01) / -0.09% Daily NAV Change
- -3.32% YTD (NAV)
Providing flexibility and discipline in changing markets
- Portfolio management team seeks investment opportunities worldwide. Themes currently include consumer-led growth in the U.S. economy, innovations in technology and expansion of the middle class in emerging markets.
- Unlike some traditional balanced or asset allocation strategies, the Portfolio is not restricted to predefined percentages in any major asset class. That flexibility also helps it manage today’s increasing market volatility.
- The Portfolio is an innovator in flexible global asset allocation and is managed by an experienced team with a long-term focus.
Morningstar Style Box
Cynthia P. Prince-Fox
- Waddell & Reed Investment Management Company
- 2 Years with Fund
- 33 Years in Industry
Cynthia P. Prince-Fox is a senior vice president of Waddell & Reed Investment Management Company and Ivy 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. 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
- Waddell & Reed Investment Management Company
- 2 Years with Fund
- 23 Years in Industry
Chace Brundige, CFA is a Senior Vice President of Waddell & Reed Investment Management Company and Ivy Investment Management Company. 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. Mr. Brundige began his investment career at UMB Financial Corp. in 1991. In 1996 he joined Waddell & Reed as an equity investment analyst. Mr. Brundige joined TCW/WestBridge Ventures LLC in San Francisco as a vice president and limited partner in 1999. Mr. Brundige rejoined Waddell & Reed in August 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 Funds VIP Asset Strategy Fund and Waddell & Reed Advisors Asset Strategy Fund.
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 12/6/2016
|Net Asset Value (NAV)||$7.98|
|Daily NAV Change ($)||($-0.01)||-0.09%|
|Weekly NAV Change ($)||$0.04||0.51%|
|Public Offering Price (POP)||$7.98|
|Fund Type||Specialty Funds|
|Fiscal Year End||December|
|Fund Assets (as of 11/30/2016)||$969.9 mil|
|Total Equity Holdings (as of 11/30/2016)||66|
|Total Holdings (as of 11/30/2016)||102|
|Portfolio Turnover Rate (as of 6/30/2016)||29%|
|Lipper Category||Alternative Other Funds|
|Morningstar Category||World Allocation|
|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 at NAV||-3.48%||-6.16%||-4.67%||3.51%||5.39%||8.68%|
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||0.23%||0.24%||0.10%||0.08%||0.76%||2.46%|
|Bloomberg Barclays US Agg Bond TR USD||2.50%||2.17%||2.79%||2.43%||4.27%||5.57%|
|S&P 500 TR USD||9.79%||8.06%||9.07%||14.45%||6.89%||9.02%|
Quarterly Rates of Return
|Fund at NAV||-1.21%||1.62%||-2.05%||6.41%||6.25%||8.87%|
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||0.19%||0.21%||0.08%||0.07%||0.84%||2.48%|
|Bloomberg Barclays US Agg Bond TR USD||5.80%||5.19%||4.03%||3.08%||4.79%||5.78%|
|Lipper Alternative Other Funds||5.93%||7.00%||2.79%||6.64%||4.23%||—|
|S&P 500 TR USD||7.84%||15.43%||11.16%||16.37%||7.24%||9.00%|
Calendar Year Return
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||0.07||0.08||0.05||0.02||0.03|
|S&P 500 TR USD||2.11||16.00||32.39||13.69||1.38|
|Bloomberg Barclays US Agg Bond TR USD||7.84||4.21||-2.02||5.97||0.55|
Morningstar Ratings as of 11/30/2016
|Ratings are based on risk-adjusted returns|
|Overall out of 405|
|3 Year out of 405|
|5 Year out of 315|
|10 Year out of 141|
Lipper Ranking through 11/30/2016
|Rankings are based on average annual total returns, but do not consider sales charges.|
Expense Ratios as of 4/30/2016
3-Year Standard Deviation as of 9/30/2016
|S&P 500 TR USD||11.12|
|Bloomberg Barclays US Treasury Bill 1-3 Mon TR USD||N/A|
|Bloomberg Barclays US Agg Bond TR USD||2.66|
3-Year MPT* Statistics as of 9/30/2016
|*Modern Portfolio Theory|
Historical Prices Inception 5/1/1995
|Date||Price||Dividend Reinvest Date||Capital Gain Reinvest Date|
Historical Distributions Inception 5/1/1995
|Ex-date||Income||Capital Gains||Reinvest Gains||Payment Date|
|5/18/2016||$0.0459||Long: $0.000 Short: $0.000||$7.93||5/18/2016|
|5/20/2015||$0.0384||Long: $1.780 Short: $0.064||$9.43||5/20/2015|
|5/21/2014||$0.0624||Long: $1.654 Short: $0.000||$11.09||5/21/2014|
|5/22/2013||$0.1507||Long: $0.000 Short: $0.000||$11.55||5/22/2013|
|5/16/2012||$0.1141||Long: $0.000 Short: $0.000||$9.54||5/16/2012|
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||0.57%|
Top 10 Equity Holdings as a % of net assets 11/30/2016
|Halliburton Co.||Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide.||2.40%|
|JPMorgan Chase & Co.||JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company.||2.23%|
|Kraft Foods Group, Inc.||The Kraft Heinz Company is the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world, with eight $1 billion+ brands.||2.16%|
|Citigroup, Inc.||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.||1.91%|
|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.||1.89%|
|Home Depot, Inc. (The)||The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement and lawn and garden products and provide a number of services.||1.76%|
|Comcast Corp., Class A||Comcast Corporation operates as a media and technology company worldwide. It operates through cable communications, cable networks, broadcast television, filmed entertainment, and theme parks segments.||1.69%|
|EOG Resources, Inc.||EOG Resources, Inc., explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago, the United Kingdom, and The People's Republic of China.||1.68%|
|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.||1.58%|
|AIA Group Ltd.||AIA Group Limited is an investment holding company. The Company and its subsidiaries are engaged in provision of products and services to individuals and businesses for their insurance, protection, savings, investment and retirement needs.||1.56%|
Total Portfolio Holdings
as a % of equity assets as of 11/30/2016
|Median Market Cap (as of 11/30/2016)||$56.4 bil|
Top 10 Industry Allocation
as a % of Equity Holdings as of 11/30/2016
|Other Diversified Financial Services||6.4%|
|Oil & Gas Exploration & Production||6.4%|
|Oil & Gas Equipment & Services||5.9%|
|Internet Software & Services||5.3%|
|Packaged Foods & Meats||5.0%|
|Life & Health Insurance||4.0%|
as a % of fixed income assets as of 10/31/2016
|Average Maturity||12.87 years|
|Effective Duration||4.88 years|
Fixed Income Country Allocation
as a % of bond holdings as of 11/30/2016
as a % of equity assets as of 11/30/2016
as a % of fixed income assets as of 11/30/2016
|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 11/30/2016
|Domestic Common Stock||49.71%|
|Foreign Common Stock||15.13%|
|Cash and Cash Equivalents||13.42%|
|Other Government Securities||5.34%|
Equity Country Allocation
as a % of equity assets as of 11/30/2016
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 Portfolio may allocate from 0 to 100% of its assets between stocks, bonds and short-term instruments of issuers around the globe, as well as investments in precious metals and investments with exposure to various foreign securities. 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 Portfolio 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. The Portfolio may focus its investments in certain regions or industries, thereby increasing its potential vulnerability to market volatility. The Portfolio may seek to hedge market risk on various securities, increase exposure to various markets, manage exposure to various foreign currencies, precious metals and various markets, and seek to hedge certain event risks on positions held by the Portfolio via the use of derivative instruments. Such investments involve additional risks, as the fluctuations in the values of the derivatives may not correlate perfectly with the overall securities markets or with the underlying asset from which the derivative’s value is derived. Investing in commodities is generally considered speculative because of the significant potential for investment loss due to cyclical economic conditions, sudden political events, and adverse international monetary policies. Markets for commodities are likely to be volatile and the Portfolio may pay more to store and accurately value its commodity holdings than it does with the Portfolio’s other holdings. These and other risks are more fully described in the Portfolio’s prospectus. Not all portfolios may be offered at all broker/dealers. The IVY VARIABLE INSURANCE PORTFOLIOSSM, are only available as investment options in variable life insurance policies and variable annuity contracts issued by participating insurance companies. They are not offered or made available directly to the general public.
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.
Annuities are long-term financial products designed for retirement purposes. Annuity and life insurance guarantees are based on the financial strength and claims-paying ability of the issuing insurance company. The guarantees have no bearing on the performance of a variable investment option. Variable investment options are subject to market risk, including loss of principal. There are charges and expenses associated with annuities and variable life insurance products, including mortality and expense risk charges, management fees, administrative fees, expenses for optional riders and deferred sales charges for early withdrawals. Withdrawals before age 59 1/2 may be subject to a 10% IRS tax penalty and surrender charges may apply.
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.
MPT Statistics: Alpha is a measure of a portfolio’s actual returns and expected performance, given its level of risk (as measured by beta). Beta reflects the sensitivity of the portfolio’s return to fluctuations in the market index. R-squared indicates how much of a portfolio’s fluctuations are attributable to movements in the portfolio’s benchmark. Standard deviation is a measure of how volatile a portfolio’s returns are. Sharpe ratio is a measure of a portfolio’s risk-adjusted performance.
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.
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.
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.