WRA New Concepts Fund
- $6.93 NAV as of 12/8/2016
- ($-0.27) / -3.75% Daily NAV Change
- 8.59% YTD (NAV)
Finding opportunity in the middle
- Strategic process
- Buys mid-cap companies with large-cap potential that demonstrate profitability, balance-sheet strength and sustainable earnings growth. It strives for consistency in an inconsistent market environment.
- Experienced management
- Managed by an investment professional with 25+ years of experience who uses bottom-up stock selection and fundamental valuation with top-down macroeconomic analysis to find growth at a reasonable price.
- The difference
- Seeks companies that emphasize profitability, durable financials and effective management teams that are visionary, honest and shareholder driven.
Morningstar Style Box
Kimberly A. Scott, CFA
- Waddell & Reed Investment Management Company
- 15 Years with Fund
- 29 Years in Industry
Kimberly A. Scott is a senior vice president of Waddell & Reed Investment Management Company. Ms. Scott graduated from the University of Kansas in 1982 with a BS in microbiology. She earned an MBA from the University of Cincinnati in 1987. Prior to joining Waddell & Reed, she was an equity analyst for Bartlett & Company in Cincinnati, Ohio. Ms. Scott joined Waddell & Reed in April 1999 as an investment analyst. She was appointed assistant vice president in July 2000. Ms. Scott was named vice president and portfolio manager of the Waddell & Reed Advisors New Concepts Fund in February 2001. Ms. Scott is a Chartered Financial Analyst.
Nathan A. Brown, CFA
- Waddell & Reed Investment Management Company
- 1 Year with Fund
- 17 Years in Industry
Nathan A. Brown is a vice president of Ivy Investment Management Company. Mr. Brown graduated with honors from the University of Iowa, Henry B. Tippie School of Business in 1999 with a BBA in finance. He earned an MBA with an emphasis in finance and accounting from Vanderbilt University, Owen Graduate School of Management in 2003. Prior to joining Waddell & Reed, he interned with Morgan Keegan. From 1999-2001 he completed General Electric-Aircraft Engine's financial management program. In 1999 he was a securities analyst for Krause Fund. Mr. Brown joined Waddell & Reed in June 2003 as an investment analyst. He was named assistant portfolio manager of the Ivy Mid Cap Growth Fund in February 2011. He became co-portfolio manager of the Ivy Mid Cap Income Opportunities Fund at inception on October 1, 2014. On October 1, 2016, Mr. Brown was named co-portfolio manager of the firm's mid-cap growth strategies. He 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.
Sweet spot looking sweet once again? Where mid caps stand at midyear
Daily Prices as of 12/8/2016
|Net Asset Value (NAV)||$6.93|
|Daily NAV Change ($)||($-0.27)||-3.75%|
|Weekly NAV Change ($)||$-0.05||-0.72%|
|Public Offering Price (POP)||$6.93|
|Fund Type||Domestic Equity|
|Fiscal Year End||June|
|Fund Assets (as of 11/30/2016)||$1.6 bil|
|Total Equity Holdings (as of 11/30/2016)||64|
|Total Holdings (as of 11/30/2016)||71|
|Portfolio Turnover Rate (as of 6/30/2016)||40%|
|Lipper Category||Mid-Cap Growth Funds|
|Morningstar Category||Mid-Cap Growth|
|Benchmark||Russell Mid Cap Growth 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. For Class C shares, a 1% CDSC applies to the lesser of amount invested or redemption value of shares redeemed within twelve months after the purchase date.
Monthly Rates of Return
|Fund with maximum 1.00% CDSC||4.38%||2.57%||2.15%||8.45%||7.02%||5.76%|
|Fund at NAV||5.38%||2.57%||2.15%||8.45%||7.02%||5.76%|
|Lipper Mid-Cap Growth Funds||5.84%||2.78%||5.11%||11.48%||6.77%||—|
|Russell Mid Cap Growth TR USD||6.96%||4.54%||7.22%||13.09%||7.70%||6.82%|
Quarterly Rates of Return
|Fund with maximum 1.00% CDSC||4.68%||8.51%||3.96%||11.37%||7.60%||5.84%|
|Lipper Mid-Cap Growth Funds||4.82%||8.11%||6.39%||13.98%||7.43%||—|
|Fund at NAV||5.68%||8.51%||3.96%||11.37%||7.60%||5.84%|
|Russell Mid Cap Growth TR USD||6.84%||11.24%||8.90%||15.85%||8.51%||6.88%|
Calendar Year Return
|Russell Mid Cap Growth TR USD||-1.65||15.81||35.74||11.90||-0.20|
Morningstar Ratings as of 11/30/2016
|Ratings are based on risk-adjusted returns|
|Overall out of 584|
|3 Year out of 584|
|5 Year out of 504|
|10 Year out of 366|
Lipper Ranking through 11/30/2016
|Rankings are based on average annual total returns, but do not consider sales charges.|
Expense Ratios as of 10/31/2016
5-Year Standard Deviation as of 11/30/2016
|Russell Mid Cap Growth TR USD||11.98|
Historical Prices Inception 10/4/1999
|Date||Price||Dividend Reinvest Date||Capital Gain Reinvest Date|
Historical Distributions Inception 10/4/1999
|Ex-date||Income||Capital Gains||Reinvest Gains||Payment Date|
|12/8/2016||$0||Long: $0.335 Short: $0.000||$6.93||12/8/2016|
|12/10/2015||$0||Long: $0.955 Short: $0.015||$6.69||12/10/2015|
|12/11/2014||$0||Long: $1.557 Short: $0.023||$8.07||12/11/2014|
|12/12/2013||$0||Long: $1.094 Short: $0.089||$8.83||12/12/2013|
|12/13/2012||$0||Long: $0.412 Short: $0.000||$7.94||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 11/30/2016
|Fastenal Co.||Fastenal Company operates as a wholesaler and retailer of industrial and construction supplies.||3.51%|
|Zoetis, Inc.||Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide||3.03%|
|Microchip Technology, Inc.||Microchip Technology Incorporated, together with its subsidiaries, develops and manufactures semiconductor products for various embedded control applications.||2.88%|
|Intuitive Surgical, Inc.||Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories.||2.72%|
|CME Group, Inc.||CME Group Inc., a U.S. company, is the world's leading and most diverse derivatives marketplace. It owns and operates large derivatives and futures exchanges in Chicago and New York, as well as online trading platforms.||2.68%|
|Electronic Arts, Inc.||Electronic Arts Inc. develops, markets, publishes, and distributes game software content and services for video game consoles, personal computers, mobile phones, and tablets.||2.52%|
|CoStar Group, Inc.||CoStar Group, Inc. provides information, analytics, and online marketplaces services to the commercial real estate industry in the U.S., Canada, the U.K., and France.||2.45%|
|Northern Trust Corp.||Northern Trust Corporation (Northern Trust) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.||2.28%|
|Dunkin’ Brands Group, Inc.||Dunkin' Brands Group Inc. franchises quick service restaurants ("QSRs") serving hot and cold coffee and baked goods, as well as ice cream.||2.21%|
as a % of equity assets as of 11/30/2016
|Median Market Cap (as of 11/30/2016)||$8.0 bil|
Top 10 Industry Allocation
as a % of Equity Holdings as of 11/30/2016
|Internet Software & Services||5.1%|
|Packaged Foods & Meats||4.8%|
|Oil & Gas Exploration & Production||4.7%|
|Health Care Equipment||4.5%|
|Research & Consulting Services||4.2%|
as a % of equity assets as of 11/30/2016
as a % of net assets as of 11/30/2016
|Domestic Common Stock||94.46%|
|Foreign Common Stock||3.81%|
|Cash and Cash Equivalents||1.73%|
Equity Country Allocation
as a % of equity assets as of 11/30/2016
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. Investing in mid-cap companies may carry more risk than investing in stocks of larger more well-established companies. 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: Russell Midcap Growth is an unmanaged index comprised of securities that represent the mid-cap sector of the stock market. 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.
Effective Oct. 1, 2016 Nathan Brown was named a co-portfolio manager for the Waddell & Reed New Concepts Fund.
Fee Waiver and/or Expense Reimbursement: Through October 31, 2017, Waddell & Reed Investment Management Company (WRIMCO), the Fund’s investment manager, Waddell & Reed, Inc. (Waddell & Reed), 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 as follows: Class A shares at 1.33%, Class B shares at 2.53%, Class C shares at 2.34%, Class Y at 1.04%. Prior to that date, the expense limitation may not be terminated by WRIMCO, Waddell & Reed, 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. 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).
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.