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Mutual Fund Insights: Waddell & Reed Tax Managed Eq B Fund (WBTMX)

In-depth Analysis of Waddell & Reed Tax Managed Eq B Fund (WBTMX)

Mutual fund chart: Waddell & Reed Tax Managed Eq B Fund (WBTMX)

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See Waddell & Reed Tax Managed Eq B Fund (WBTMX) performance details as of February 28, 2010

  

    Last Trade: $10.33 on 3/19/2010, Change: -0.05 (-0.48%)
Experiment our closing price forecasting tool for Waddell & Reed Tax Managed Eq B Fund (WBTMX) (alpha release)

  

Fund Manager - Chace Brundige

Fund Manager Tenure: 4.1 years
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)
Chace Brundige joined WRIMCO in 1996 as an equity investment analyst. In 1999 Chace Brundige left to join TCW/WestBridge Ventures LLC as a vice president and limited partner. From 2001 through August 2003, Mr. Chace Brundige was employed by Citadel Investment Group. In 2003, Chace Brundige rejoined WRIMCO as an assistant portfolio manager for the Large Cap Growth equity team. Chace Brundige is Vice President of WRIMCO and IICO, and Vice President of the Fund. Chace Brundige holds the Chartered Financial Analyst designation.  Get more insights on Chace Brundige

  

What we like about Waddell & Reed Tax Managed Eq B Fund (WBTMX) What we like about Waddell & Reed Tax Managed Eq B Fund (WBTMX)

Data for Waddell & Reed Tax Managed Eq B Fund (WBTMX) as of February 28, 2010

  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) management has been with Waddell & Reed Tax Managed Eq B Fund for 4.1 years
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) has good Long-term performance (5-year return 3.49% vs 1.34 % Large Growth category average)
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) ratio of up-years vs down years is greater than 2
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) has a Morningstar rating of 4 and above
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) has an annual stock turnover rate of 44.00% vs Large Growth average of 109.62%. It is good that Waddell & Reed Tax Managed Eq B management does not trade extensively for its return.
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) is less volatile than its peers as it has a 3-year Standard Deviation of 17.75, lower than category average of 21.35

  

What we are cautious about Waddell & Reed Tax Managed Eq B Fund (WBTMX) What we are cautious about Waddell & Reed Tax Managed Eq B Fund (WBTMX)

Data for Waddell & Reed Tax Managed Eq B Fund (WBTMX) as of February 28, 2010

  • Waddell & Reed Tax Managed Eq B Fund is a focused fund with 37.29% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) has a less-than-ideal short-term performance (1-year return 28.82% vs 51.46 % Large Growth category average)
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) has a less-than-ideal mid-term performance (3-year return -0.79% vs -3.50 % Large Growth category average)
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) has a higher management fee of 2.31% than its Large Growth average of 1.33%
  • Waddell & Reed Tax Managed Eq B Fund (WBTMX) carries a 5% load
See Waddell & Reed Tax Managed Eq B Fund (WBTMX) performance details as of February 28, 2010

  

  

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Waddell & Reed Tax Managed Eq B Fund (WBTMX) Net Asset

Track net asset change of Waddell & Reed Tax Managed Eq B fund (WBTMX)

DateNet Asset
02/2010$1.87M
01/2010$1.87M
11/2009$1.93M
More historic net asset information on Waddell & Reed Tax Managed Eq B Fund (WBTMX)

  

Waddell & Reed Tax Managed Eq B Fund (WBTMX) Portfolio Allocation

Track portfolio allocation change of Waddell & Reed Tax Managed Eq B fund (WBTMX)

DateCashStockBondOther
09/20093.36%96.64%0%0%
06/20099.95%90.06%0%0%
03/200919.3%85.82%0%0%
Click here to see more historic asset allocation information on Waddell & Reed Tax Managed Eq B Fund (WBTMX)

  

Most Recent Top 10 Holdings in Waddell & Reed Tax Managed Eq B Fund (WBTMX)

Discover what Waddell & Reed Tax Managed Eq B Fund (WBTMX) manager is buying

30-Sep-09
Apple Inc. [4.66%]
QUALCOMM Incorporated [4.57%]
GOLDMAN SACHS GRP [4.07%]
Gilead Sciences, Inc. [3.75%]
Microsoft Corporation [3.57%]
HEWLETT PACKARD CO [3.53%]
Google Inc. [3.52%]
Microchip Technology Incorporat [3.51%]
SCHLUMBERGER LTD [3.41%]
Cisco Systems, Inc. [3.24%]

30-Jun-09
QUALCOMM Incorporated [5.25%]
Gilead Sciences, Inc. [4.31%]
GOLDMAN SACHS GRP [3.72%]
Apple Inc. [3.7%]
SCHLUMBERGER LTD [3.54%]
Google Inc. [3.2%]
Microsoft Corporation [3.1%]
MONSANTO COMPANY [2.69%]
HEWLETT PACKARD CO [2.66%]
TRANSOCEAN LTD [2.59%]

31-Mar-09
QUALCOMM Incorporated [5.11%]
MONSANTO COMPANY [5.09%]
Gilead Sciences, Inc. [4.83%]
GOLDMAN SACHS GRP [3.03%]
SCHLUMBERGER LTD [3.01%]
RAYTHEON CO (NEW) [2.92%]
ABBOTT LABORATORIES [2.89%]
Microsoft Corporation [2.71%]
Apple Inc. [2.64%]
COCA COLA CO THE [2.52%]
Click here for Stock Holding Change Map in Waddell & Reed Tax Managed Eq B Fund (WBTMX)

  

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