Ivy Cundill Global Value Fund Class I (ICVIX)

18.57
Net Asset Value
-1.07%
1 Day
+1.53%
Year-to-Date
Overall Morningstar Rating
World stock
Style or Category
No Load
Sales Expenses
1.29%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide capital appreciation. The fund invests primarily in equity securities of issuers located throughout the world, including emerging market countries, which the subadviser, believes are trading below their estimated "intrinsic value." It typically invests in equity securities, but the adviser looks at all levels of the capital structure to find what it believes is the best value. The fund typically holds a small number of stocks (generally 20 to 50). It may invest up to 20% of its total assets in "distressed debt," which are fixed income non-investment grade securities of distressed issuers.

Performance

1 month-0.58% 3 years+11.30%
3 months+1.57% 5 years+11.82%
1 year+11.23% Since inception+4.03%
Data through --

Peer Comparisonvs. World stock

 ICVIXCategory
Performance 5-yr return+11.82%+14.83%
Expense ratio1.29%1.43%
Risk 5 year sharpe ratio0.840.98
Net assets$385.7M$1.4B
Average market cap$22.9B$40.8B
Average P/E12.617.6
Portfolio turnover47%47%

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Fund Management and Purchase Info

Fund familyIvy Funds
Fund manager & tenureAndrew Massie / 6 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

International stock49.80%
U.S. stock23.74%
Cash16.61%
Other5.11%
Fixed income4.75%
Top 5 Sectors
Portfolio weighting
Financial service 23.32%
Energy 17.71%
Industrial materials 15.39%
Business service 7.99%
Media 7.80%
Top 10 Holdings
Portfolio weighting
AIG American International Group Inc5.44%
BAC Bank of America Corporation4.62%
C Citigroup Inc4.50%
-- POSCO4.31%
-- Muenchener Rueckversicherungs AG4.29%
-- Encana Corp4.20%
-- Vinci3.60%
NWSA News Corp Class A3.32%
-- Mediaset3.32%
-- Sankyo Co., Ltd.3.31%

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