Mutual Fund Insights: Ivy Real Estate Securities R Fund (IRSRX)

In-depth Analysis of Ivy Real Estate Securities R Fund (IRSRX)

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See Ivy Real Estate Securities R Fund (IRSRX) performance details as of January 31, 2010

  

Last Trade: $16.11 on 3/17/2010, Change: +0.21 (1.32%)

  

Fund Manager - Joseph R. Betlej

Fund Manager Tenure: 11.1 years   [Similar Funds: IRSAX  IRSBX  IRSCX  IRSYX ]
Fundmojo Fund Grade: D (Score: 0.48)     (What does this score mean?)

Betlej is vice president and portfolio manager with Advantus Capital Management. Previously, he served as an investment officer and real estate analyst at Advantus Capital and its predecessor, MIMLIC Asset Management Company. He has been a portfolio manager with Advantus Capital since 1999. Betlej holds the Chartered Financial Analyst designation.  Get more insights on Joseph R. Betlej

  

 What we like about Ivy Real Estate Securities R Fund (IRSRX)

Data for Ivy Real Estate Securities R Fund (IRSRX) as of January 31, 2010

• Ivy Real Estate Securities R Fund (IRSRX) management has been with Ivy Real Estate Securities R Fund for 11.1 years
• Ivy Real Estate Securities R Fund (IRSRX) has good mid-term performance (3-year return -16.86% vs -17.09% Real Estate category average)
• Ivy Real Estate Securities R Fund (IRSRX) has a Morningstar rating of 4 and above
• Ivy Real Estate Securities R Fund (IRSRX) has an annual stock turnover rate of 42.00% vs Real Estate average of 119.83%. It is good that Ivy Real Estate Securities R management does not trade extensively for its return.
• Ivy Real Estate Securities R Fund (IRSRX) is less volatile than its peers as it has a 3-year Standard Deviation of 36.41, lower than category average of 38.72

  

 What we are cautious about Ivy Real Estate Securities R Fund (IRSRX)

Data for Ivy Real Estate Securities R Fund (IRSRX) as of January 31, 2010

• Ivy Real Estate Securities R Fund is a focused fund with 43.75% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Ivy Real Estate Securities R Fund (IRSRX) has a less-than-ideal short-term performance (1-year return 41.05% vs 47.97% Real Estate category average)
• Ivy Real Estate Securities R Fund (IRSRX) has a less-than-ideal Long-term performance (5-year return -0.78% vs -0.30% Real Estate category average)
• Ivy Real Estate Securities R Fund (IRSRX) ratio of up-years vs down years can be improved
• Ivy Real Estate Securities R Fund (IRSRX) is less safe compared to its Real Estate peers
• Ivy Real Estate Securities R Fund (IRSRX) does not have a good risk adjusted return as its 3-year Alpha of -2.14 is worse than category average of -0.91, and its 3-year Sharpe ratio is -0.37
• Ivy Real Estate Securities R Fund (IRSRX) has a higher management fee of 1.70% than its Real Estate average of 1.47%
• Even though Ivy Real Estate Securities R Fund carries no load, it does have a 0.50% of 12b1 promotion, distributions, marketing expenses

See Ivy Real Estate Securities R Fund (IRSRX) performance details as of January 31, 2010

  

  

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Ivy Real Estate Securities R Fund (IRSRX) Net Asset

Track net asset change of Ivy Real Estate Securities R fund (IRSRX)

Date	Net Asset
01/2010	$340.00K
11/2009	$340.00K
10/2009	$280.00K

More historic net asset information on Ivy Real Estate Securities R Fund (IRSRX)

  

Ivy Real Estate Securities R Fund (IRSRX) Portfolio Allocation

Track portfolio allocation change of Ivy Real Estate Securities R fund (IRSRX)

Date	Cash	Stock	Bond	Other
09/2009	3.25%	96.76%	0%	0%
06/2009	3.98%	96.02%	0%	0%
03/2009	6.24%	95.37%	0%	0%

Click here to see more historic asset allocation information on Ivy Real Estate Securities R Fund (IRSRX)

  

Most Recent Top 10 Holdings in Ivy Real Estate Securities R Fund (IRSRX)

Discover what Ivy Real Estate Securities R Fund (IRSRX) manager is buying

30-Sep-09 SIMON PPTY GRP INC [8.37%] HCP, INC. [5.77%] VORNADO REALTY TRUST [5.15%] BOSTON PPTYS INC [4.54%] EQUITY RESIDENTAL [4.37%] PUBLIC STG [4.04%] VENTAS INC [3.69%] HOST HOTELS & RESORT [3.55%] DIGITAL REALTY TRUST [3.05%] ESSEX PRTY TR INC [2.92%]

30-Jun-09 SIMON PPTY GRP INC [8.43%] PUBLIC STG [5.69%] VORNADO REALTY TRUST [5.58%] BOSTON PPTYS INC [4.91%] HCP, INC. [4.74%] EQUITY RESIDENTAL [4.11%] VENTAS INC [3.75%] DIGITAL REALTY TRUST [3.35%] HEALTH CARE REIT [2.95%] AVALONBAY CMTYS [2.76%]

31-Mar-09 Price/Earnings [0%] N/A [0%] N/A [0%] Median Market Cap [0%] N/A [0%] N/A [0%] N/A [0%]

Click here for Stock Holding Change Map in Ivy Real Estate Securities R Fund (IRSRX)

  

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See more information on Ivy Real Estate Securities R Fund (IRSRX)

• Ivy Real Estate Securities R Fund Insights
• Ivy Real Estate Securities R Fund Performance Data
• Ivy Real Estate Securities R Fund News
• Ivy Real Estate Securities R Fund Score Explaination
• Ivy Real Estate Securities R Fund Manager Information
• Historic Ivy Real Estate Securities R Fund Asset Allocation Report
• Historic Ivy Real Estate Securities R Fund Top 10 Holding Tracking
• Historic Ivy Real Estate Securities R Fund Asset Under Management Tracking