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Mutual Fund Insights: Waddell & Reed Asset Strategy Y Fund (WYASX)

In-depth Analysis of Waddell & Reed Asset Strategy Y Fund (WYASX)

Mutual fund chart: Waddell & Reed Asset Strategy Y Fund (WYASX)

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See Waddell & Reed Asset Strategy Y Fund (WYASX) performance details as of January 31, 2010

  

    Last Trade: $8.62 on 3/18/2010, Change: -0.01 (-0.12%)

  

Fund Manager - Michael L. Avery

Fund Manager Tenure: 13.2 years
Fundmojo Fund Grade: A (Score: 0.79)     (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 Waddell & Reed Asset Strategy Y Fund (WYASX) What we like about Waddell & Reed Asset Strategy Y Fund (WYASX)

Data for Waddell & Reed Asset Strategy Y Fund (WYASX) as of January 31, 2010

  • Waddell & Reed Asset Strategy Y Fund (WYASX) management has been with Waddell & Reed Asset Strategy Y Fund for 13.2 years
  • Waddell & Reed Asset Strategy Y Fund (WYASX) has good mid-term performance (3-year return 8.64% vs -1.24% World Allocation category average)
  • Waddell & Reed Asset Strategy Y Fund (WYASX) has good Long-term performance (5-year return 14.50% vs 4.38% World Allocation category average)
  • Waddell & Reed Asset Strategy Y Fund (WYASX) ratio of up-years vs down years is greater than 2
  • Waddell & Reed Asset Strategy Y Fund (WYASX) has a Morningstar rating of 4 and above
  • Waddell & Reed Asset Strategy Y Fund (WYASX) has a lower management fee than its World Allocation average: 0.88% vs 1.24%
  • Waddell & Reed Asset Strategy Y Fund (WYASX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about Waddell & Reed Asset Strategy Y Fund (WYASX) What we are cautious about Waddell & Reed Asset Strategy Y Fund (WYASX)

Data for Waddell & Reed Asset Strategy Y Fund (WYASX) as of January 31, 2010

  • Waddell & Reed Asset Strategy Y Fund is a focused fund with 48.09% 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 Asset Strategy Y Fund (WYASX) has a less-than-ideal short-term performance (1-year return 23.74% vs 27.59% World Allocation category average)
  • Waddell & Reed Asset Strategy Y Fund (WYASX) has an annual stock turnover rate of 304.00% that is higher than the World Allocation average of 105.43%. This could mean Waddell & Reed Asset Strategy Y is more nimble, but also signal potential high tax impact and high trading fees
  • Waddell & Reed Asset Strategy Y Fund (WYASX) is more volatile than its peers as it has a 3-year Standard Deviation of 15.78 that is higher than category average of 15.61
See Waddell & Reed Asset Strategy Y Fund (WYASX) performance details as of January 31, 2010

  

  

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Waddell & Reed Asset Strategy Y Fund (WYASX) Net Asset

Track net asset change of Waddell & Reed Asset Strategy Y fund (WYASX)

DateNet Asset
01/2010$48.56M
11/2009$47.35M
10/2009$45.53M
More historic net asset information on Waddell & Reed Asset Strategy Y Fund (WYASX)

  

Waddell & Reed Asset Strategy Y Fund (WYASX) Portfolio Allocation

Track portfolio allocation change of Waddell & Reed Asset Strategy Y fund (WYASX)

DateCashStockBondOther
09/200911.36%71.92%2.24%14.47%
06/200912.69%64.04%6.76%16.51%
03/200944.41%51.6%10.33%14.24%
Click here to see more historic asset allocation information on Waddell & Reed Asset Strategy Y Fund (WYASX)

  

Most Recent Top 10 Holdings in Waddell & Reed Asset Strategy Y Fund (WYASX)

Discover what Waddell & Reed Asset Strategy Y Fund (WYASX) manager is buying

30-Sep-09
GOLD BULLION [13.91%]
Taiwan Semiconductor Manufacturing [5.06%]
China Life Insurance Company, Ltd. [4.4%]
Industrial And Commercial Bank Of China Limited [4.39%]
MONSANTO COMPANY [4.03%]
QUALCOMM Incorporated [3.77%]
Standard Parking Corporation [3.21%]
Wynn Resorts, Limited [2.74%]
Samsung Electronics [2.55%]
Hyundai Motor [2.22%]

30-Jun-09
GOLD BULLION [17.1%]
Industrial And Commercial Bank Of China Limited [6.02%]
Taiwan Semiconductor Manufacturing [4.42%]
China Life Insurance Company, Ltd. [4.36%]
MONSANTO COMPANY [4.26%]
QUALCOMM Incorporated [4.11%]
Standard Parking Corporation [2.3%]
China Shenhua Energy Company Limited [2.27%]
TOTAL SA [2.16%]
VISA INC. [2.09%]

31-Mar-09
GOLD BULLION [17%]
S&P 500 EMINI FUT JUNE 09 [6.67%]
China Life Insurance Company, Ltd. [3.95%]
Industrial And Commercial Bank Of China Limited [3.62%]
China Construction Bank Corporation [3.4%]
QUALCOMM Incorporated [2.89%]
Gilead Sciences, Inc. [2.58%]
MONSANTO COMPANY [2.42%]
TOTAL SA [2.02%]
SOUTHERN COPPER CORP [1.92%]
Click here for Stock Holding Change Map in Waddell & Reed Asset Strategy Y Fund (WYASX)

  

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