WRA Accumulative Fund
- $9.58 NAV as of 9/23/2016
- ($-0.03) / -0.31% Daily NAV Change
- 1.92% YTD (NAV)
Seeking companies with value and growth potential
- Investment style based on a blend between bottom-up fundamental stock and sector analysis, coupled with a top-down macroeconomic perspective used to guide selection of industries and sector weightings.
- Management approach
- Emphasizes a blend of value and growth potential in selecting stocks.
- Portfolio manager has more than 20 years of industry experience and has managed the Fund since 2004.
Morningstar Style Box
Barry M. Ogden, CFA , CPA
- Waddell & Reed Investment Management Company
- 12 Years with Fund
- 22 Years in Industry
Barry M. Ogden is a Senior Vice President of Waddell & Reed Investment Management Company. Mr. Ogden graduated from the University of Kansas in July 1991 with a BS in accounting. He earned the Certified Public Accountant designation in November 1991. Prior to joining Waddell & Reed, he was affiliated with Arthur Andersen & Company as a senior accountant and business advisor in the Audit and Business Advisory Division. Mr. Ogden joined Waddell & Reed in July 1994 as an investment analyst. He was named assistant portfolio manager in February 2001 and portfolio manager in April 2004. Mr. Ogden is a Chartered Financial Analyst.
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 9/23/2016
|Net Asset Value (NAV)||$9.58|
|Daily NAV Change ($)||($-0.03)||-0.31%|
|Weekly NAV Change ($)||$0.10||1.05%|
|Public Offering Price (POP)||$10.16|
|Fund Type||Domestic Equity|
|Fiscal Year End||December|
|Dividends Paid||June, December|
|Fund Assets (as of 8/31/2016)||$1.4 bil|
|Total Equity Holdings (as of 8/31/2016)||97|
|Total Holdings (as of 8/31/2016)||110|
|Portfolio Turnover Rate (as of 6/30/2016)||102%|
|Lipper Category||Multi-Cap Core Funds|
|Morningstar Category||Large Growth|
|Benchmark||S&P 500 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||-3.80%||-1.91%||9.37%||11.24%||6.21%||10.13%|
|Fund at NAV||2.03%||4.06%||11.56%||12.57%||6.84%||10.22%|
|Lipper Multi-Cap Core Funds||6.09%||7.18%||9.43%||12.48%||6.45%||—|
|S&P 500 TR USD||7.82%||12.55%||12.30%||14.69%||7.51%||—|
Quarterly Rates of Return
|Fund with 5.75% sales charge||-7.01%||-9.49%||9.20%||8.77%||5.99%||10.11%|
|Fund at NAV||-1.38%||-3.99%||11.37%||10.06%||6.63%||10.19%|
|Lipper Multi-Cap Core Funds||1.68%||-2.30%||8.77%||9.36%||6.17%||—|
|S&P 500 TR USD||3.84%||3.99%||11.66%||12.10%||7.42%||—|
Calendar Year Return
|S&P 500 TR USD||2.11||16.00||32.39||13.69||1.38|
Morningstar Ratings as of 8/31/2016
|Ratings are based on risk-adjusted returns|
|Overall out of 1470|
|3 Year out of 1470|
|5 Year out of 1278|
|10 Year out of 920|
Lipper Ranking through 8/31/2016
|Rankings are based on average annual total returns, but do not consider sales charges.|
Expense Ratios as of 10/30/2015
5-Year Standard Deviation as of 8/31/2016
|S&P 500 TR USD||11.72|
5-Year MPT* Statistics as of 8/31/2016
|*Modern Portfolio Theory|
Historical Prices Inception 10/9/1940
|Date||Price||Dividend Reinvest Date||Capital Gain Reinvest Date|
Historical Distributions Inception 10/9/1940
|Ex-date||Income||Capital Gains||Reinvest Gains||Payment Date|
|12/10/2015||$0.0521||Long: $0.916 Short: $0.515||$9.48||12/10/2015|
|12/11/2014||$0.021||Long: $1.490 Short: $0.318||$10.33||12/11/2014|
|12/12/2013||$0.0261||Long: $0.005 Short: $0.000||$10.49||12/12/2013|
|12/13/2012||$0.0458||Long: $0.000 Short: $0.000||$8.11||12/13/2012|
|12/8/2011||$0.0023||Long: $0.000 Short: $0.000||$7.35||12/8/2011|
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 8/31/2016
|Apple, Inc.||Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions worldwide.||2.76%|
|Shire Pharmaceuticals Group plc ADR||Shire plc (Shire) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.||2.14%|
|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.||1.99%|
|JPMorgan Chase & Co.||JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company.||1.85%|
|Facebook, Inc., Class A||Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers.||1.79%|
|Visa, Inc., Class A||Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.||1.77%|
|General Electric Co.||General Electric Company (GE) is a diversified technology and financial services corporation. The products and services of the Company range from aircraft engines, power generation, water processing, household appliances to medical imaging, business and consumer financing and industrial products.||1.68%|
|Union Pacific Corp.||Union Pacific Corporation owns the largest railroad in the U.S. It's diversified business mix includes agricultural products, automotive, chemicals, energy, industrial products and intermodal.||1.66%|
|Wells Fargo & Co.||Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance across North America and internationally.||1.64%|
Total Portfolio Holdings
as a % of equity assets as of 8/31/2016
|Median Market Cap (as of 8/31/2016)||$35.9 bil|
Top 10 Industry Allocation
as a % of Equity Holdings as of 8/31/2016
|Packaged Foods & Meats||7.6%|
|Other Diversified Financial Services||3.3%|
|Internet Software & Services||3.2%|
|Health Care Equipment||2.9%|
as a % of equity assets as of 8/31/2016
as a % of net assets as of 8/31/2016
|Domestic Common Stock||92.34%|
|Foreign Common Stock||7.25%|
|Cash and Cash Equivalents||0.34%|
|Other Financial Instruments||0.07%|
Equity Country Allocation
as a % of equity assets as of 8/31/2016
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. 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.
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: S&P 500 - An unmanaged index of common stocks. 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.
Fee Waiver and/or Expense Reimbursement: Through July 31, 2017, Ivy Investment Management Company (IICO), the Fund's investment manager, Ivy Distributors, Inc. (IDI), the Fund's Distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund's transfer agent, have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses for the Fund's Class A shares at 1.51%, Class I shares at 1.16%, and Class Y shares at 1.51. Prior to that date, the expense limitation may not be terminated by IICO, IDI, WISC or the Board of Trustees.
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.
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).
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.