Mutual Fund Insights: Ivy Small Cap Value I Fund (IVVIX)

In-depth Analysis of Ivy Small Cap Value I (IVVIX)

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See Ivy Small Cap Value I Fund (IVVIX) performance details as of October 31, 2009

  

Last Trade: $13.31 on 11/20/2009, Change: -0.03 (-0.22%)

  

Fund Manager - Timothy J. Miller

Fund Manager Tenure: 1.7 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Timothy J. Miller is a portfolio manager with Ivy Investment Management Company (IIMCO) and Waddell & Reed Investment Management Co. (WRIMCO), his employer since February 2008. Previous employment included serving as portfolio manager, senior vice president, and Chief Investment Officer at Invesco Funds Group, his employer since 1992. Prior to joining Invesco, Timothy J. Miller was associated with Mississippi Advisors for 13 years, where Timothy J. Miller was an analyst/portfolio manager. Timothy J. Miller holds the Chartered Financial Analyst designation.

  

Performance	Management Fee	Turnover rate
IVVIX: 11.27% , -4.53% , 2.49% Category Average: 11.45% , -8.46% , 0.52%	IVVIX: 1.18% Category Average: 1.40%	IVVIX: 101.00% Category Average: 92.45%

See Ivy Small Cap Value I Fund (IVVIX) performance details as of October 31, 2009

  

 What we like about Ivy Small Cap Value I Fund (IVVIX)

Data for Ivy Small Cap Value I Fund (IVVIX) as of October 31, 2009

• Ivy Small Cap Value I Fund (IVVIX) has good mid-term performance (3-year return -4.53% vs -8.46% Small Blend category average)
• Ivy Small Cap Value I Fund (IVVIX) has good Long-term performance (5-year return 2.49% vs 0.52% Small Blend category average)
• Ivy Small Cap Value I Fund (IVVIX) has a Morningstar rating of 4 and above
• Ivy Small Cap Value I Fund (IVVIX) is less volatile than its peers as it has a 3-year Standard Deviation of 18.82, lower than category average of 24.84
• Ivy Small Cap Value I Fund (IVVIX) has a lower management fee than its Small Blend average: 1.18% vs 1.40%
• Ivy Small Cap Value I Fund (IVVIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Ivy Small Cap Value I Fund (IVVIX)

Data for Ivy Small Cap Value I Fund (IVVIX) as of October 31, 2009

• Ivy Small Cap Value I Fund (IVVIX) management has been with Ivy Small Cap Value I Fund for only 1.7 years, it is hard to judge manager's ability based on this fund's operation record
• Ivy Small Cap Value I Fund (IVVIX) has a less-than-ideal short-term performance (1-year return 11.27% vs 11.45% Small Blend category average)
• Ivy Small Cap Value I Fund (IVVIX) has an annual stock turnover rate of 101.00% that is higher than the Small Blend average of 92.45%. This could mean Ivy Small Cap Value I is more nimble, but also signal potential high tax impact and high trading fees

  

  

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Ivy Small Cap Value I Fund (IVVIX) Net Asset

Track net asset change of Ivy Small Cap Value I fund (IVVIX)

Date	Net Asset
10/2009	$1.25M
09/2009	$1.07M
08/2009	$1.13M

More historic net asset information on Ivy Small Cap Value I Fund (IVVIX)

  

Ivy Small Cap Value I Fund (IVVIX) Portfolio Allocation

Track portfolio allocation change of Ivy Small Cap Value I fund (IVVIX)

Date	Cash	Stock	Bond	Other
06/2009	9.71%	90.29%	0%	0%
03/2009	10.86%	89.82%	0%	0%
12/2008	12.42%	87.06%	0%	0.53%

Click here to see more historic asset allocation information on Ivy Small Cap Value I Fund (IVVIX)

  

Most Recent Top 10 Holdings in Ivy Small Cap Value I Fund (IVVIX)

Discover what Ivy Small Cap Value I Fund (IVVIX) manager is buying

30-Jun-09 Silgan Holdings, Inc. [2.18%] Monro Muffler Brake, Inc. [1.96%] REGAL ENTERTAINMENT [1.84%] SOUTHWEST GAS CP [1.7%] 99C ONLY STORES [1.67%] CORR CP OF AM (NEW) [1.66%] AMERICAN CAMPUS COMM [1.65%] RUDDICK CP [1.63%] PMC [1.63%]

31-Mar-09 Silgan Holdings, Inc. [2.74%] Monro Muffler Brake, Inc. [2.45%] REGAL ENTERTAINMENT [2.26%] Cracker Barrel Old Country Stor [2.18%] RUDDICK CP [1.9%] SENSIENT TECH CORP [1.84%] IPC Holdings, Limited [1.69%] Caseys General Stores, Inc. [1.68%] tw telecom inc. [1.63%]

31-Dec-08 RUDDICK CP [2.7%] Silgan Holdings, Inc. [2.32%] IPC Holdings, Limited [2.05%] SENSIENT TECH CORP [1.75%] First Niagara Financial Group I [1.7%] Monro Muffler Brake, Inc. [1.61%] Jack In The Box Inc. [1.59%] PLATINUM UNDERWRITRS [1.58%] Corinthian Colleges, Inc. [1.58%]

Click here for Stock Holding Change Map in Ivy Small Cap Value I Fund (IVVIX)

  

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Latest News on Ivy Small Cap Value I (IVVIX)

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• Fund Mojo Score is 0.75 (A+) and above
• Fund Manager has been with the fund for more than 5 years
• Key performances (1-year, 3-year and 5-year performance) beat its category peers
• 5-year return is positive
• Initial investment requirement is less or equal to $10,000

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