Ivy Micro Cap Growth Fund Class A (IGWAX)

23.37
Net Asset Value
+0.52%
1 Day
-3.15%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
5.75
Sales Expenses
1.64%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks to provide growth of capital. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of micro capitalization companies. Micro capitalization companies typically are companies with float-adjusted market capitalizations below $1 billion at the time of acquisition.

Performance

1 month-2.15% 3 years+15.78%
3 months+4.14% 5 years+16.19%
1 year-8.76% Since inception+21.47%
Data through --

Peer Comparisonvs. Small growth

 IGWAXCategory
Performance 5-yr return+16.19%+15.53%
Expense ratio1.64%1.39%
Risk 5 year sharpe ratio0.830.90
Net assets$244.1M$793.8M
Average market cap$499.0M$2.9B
Average P/E--26.6
Portfolio turnover67%67%

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Fund Management and Purchase Info

Fund familyIvy Funds
Fund manager & tenurePaul Ariano / 5 Years
Minimal initial investment$750.00
Minimum IRA investment--

Holdings

U.S. stock91.29%
International stock3.02%
Fixed income2.85%
Cash2.83%
Other0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 14.90%
Hardware 14.00%
Business service 13.23%
Media 10.15%
Consumer service 8.55%
Top 10 Holdings
Portfolio weighting
-- Move Inc2.24%
QDEL Quidel Corp2.00%
RENT Rentrak Corp1.96%
CALD Callidus Software Inc1.87%
RGEN Repligen Corp1.74%
SPNC Spectranetics Corp1.66%
ENTA Enanta Pharmaceuticals Inc1.64%
RNET RigNet Inc1.56%
-- Toyota Mtr Cr FRN1.56%
NCS NCI Building Systems Inc1.52%

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