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Mutual Fund Insights: Ivy Asset Strategy C Fund (WASCX)

In-depth Analysis of Ivy Asset Strategy C Fund (WASCX)

Mutual fund chart: Ivy Asset Strategy C Fund (WASCX)

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See Ivy Asset Strategy C Fund (WASCX) performance details as of January 31, 2010

  

    Last Trade: $21.60 on 3/19/2010, Change: -0.05 (-0.23%)

  

Fund Manager - Michael L. Avery

Fund Manager Tenure: 13.2 years   [Similar Funds: WASAX  WASBX  WASYX ]
Fundmojo Fund Grade: A+ (Score: 0.82)     (What does this score mean?)
Michael L. Avery -- Avery is senior vice president of WRIMCO and IICO, vice president of the fund. He has served as CIO of Waddell & Reed Financial, Inc., WRIMCO and IICO since June 2005. He has served as portfolio manager for investment companies managed by WRIMCO since February 1994. He held the position of Director of Equity Research for WRIMCO and its predecessor from August 1987 through June 2005. He has served as a Director of the Corporation since April 2007.  Get more insights on Michael L. Avery

  

What we like about Ivy Asset Strategy C Fund (WASCX) What we like about Ivy Asset Strategy C Fund (WASCX)

Data for Ivy Asset Strategy C Fund (WASCX) as of January 31, 2010

  • Ivy Asset Strategy C Fund (WASCX) management has been with Ivy Asset Strategy C Fund for 13.2 years
  • Ivy Asset Strategy C Fund (WASCX) has good mid-term performance (3-year return 6.70% vs -1.24% World Allocation category average)
  • Ivy Asset Strategy C Fund (WASCX) has good Long-term performance (5-year return 12.43% vs 4.38% World Allocation category average)
  • Ivy Asset Strategy C Fund (WASCX) ratio of up-years vs down years is greater than 2
  • Ivy Asset Strategy C Fund (WASCX) has a Morningstar rating of 4 and above
  • Ivy Asset Strategy C Fund (WASCX) is less volatile than its peers as it has a 3-year Standard Deviation of 15.31, lower than category average of 15.61

  

What we are cautious about Ivy Asset Strategy C Fund (WASCX) What we are cautious about Ivy Asset Strategy C Fund (WASCX)

Data for Ivy Asset Strategy C Fund (WASCX) as of January 31, 2010

  • Ivy Asset Strategy C Fund is a focused fund with 47.34% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Ivy Asset Strategy C Fund (WASCX) has a less-than-ideal short-term performance (1-year return 21.39% vs 27.59% World Allocation category average)
  • Ivy Asset Strategy C Fund (WASCX) has an annual stock turnover rate of 279.00% that is higher than the World Allocation average of 105.43%. This could mean Ivy Asset Strategy C is more nimble, but also signal potential high tax impact and high trading fees
  • Ivy Asset Strategy C Fund (WASCX) has a higher management fee of 1.80% than its World Allocation average of 1.24%
  • Ivy Asset Strategy C Fund (WASCX) carries a 1% load
See Ivy Asset Strategy C Fund (WASCX) performance details as of January 31, 2010

  

  

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Ivy Asset Strategy C Fund (WASCX) Net Asset

Track net asset change of Ivy Asset Strategy C fund (WASCX)

DateNet Asset
01/2010$7.16B
11/2009$6.94B
10/2009$6.41B
More historic net asset information on Ivy Asset Strategy C Fund (WASCX)

  

Ivy Asset Strategy C Fund (WASCX) Portfolio Allocation

Track portfolio allocation change of Ivy Asset Strategy C fund (WASCX)

DateCashStockBondOther
09/200913.11%70.43%2.11%14.35%
06/200915.48%63.42%5.83%15.27%
03/200945.64%50.74%9.84%13.95%
Click here to see more historic asset allocation information on Ivy Asset Strategy C Fund (WASCX)

  

Most Recent Top 10 Holdings in Ivy Asset Strategy C Fund (WASCX)

Discover what Ivy Asset Strategy C Fund (WASCX) manager is buying

30-Sep-09
GOLD BULLION [13.88%]
Taiwan Semiconductor Manufacturing [5.06%]
Industrial And Commercial Bank Of China Limited [4.43%]
China Life Insurance Company, Ltd. [4.43%]
MONSANTO COMPANY [3.93%]
QUALCOMM Incorporated [3.63%]
Standard Parking Corporation [3%]
Wynn Resorts, Limited [2.83%]
Samsung Electronics [2.42%]
Hyundai Motor [2.11%]

30-Jun-09
GOLD BULLION [16.11%]
Industrial And Commercial Bank Of China Limited [5.93%]
Taiwan Semiconductor Manufacturing [4.14%]
China Life Insurance Company, Ltd. [4.09%]
MONSANTO COMPANY [3.99%]
QUALCOMM Incorporated [3.86%]
Standard Parking Corporation [2.15%]
China Shenhua Energy Company Limited [2.12%]
Larsen & Toubro Limited [2.05%]
TOTAL SA [2.03%]

31-Mar-09
GOLD BULLION [16.71%]
S&P 500 EMINI FUT JUNE 09 [6.72%]
China Life Insurance Company, Ltd. [3.88%]
Industrial And Commercial Bank Of China Limited [3.55%]
China Construction Bank Corporation [3.32%]
QUALCOMM Incorporated [2.84%]
Gilead Sciences, Inc. [2.54%]
MONSANTO COMPANY [2.38%]
TOTAL SA [1.98%]
Ping An Insurance (group) Company Of China, Ltd. [1.88%]
Click here for Stock Holding Change Map in Ivy Asset Strategy C Fund (WASCX)

  

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