Ivy Micro Cap Growth Fund Class A (IGWAX)

25.16
Net Asset Value
+0.48%
1 Day
-4.15%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
5.75
Sales Expenses
1.78%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks to provide growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets in equity securities of micro cap companies. Micro cap companies typically are companies with float-adjusted market capitalizations below $1 billion at the time of acquisition. It primarily invests in common stock, which may include common stocks that are offered in initial public offerings (IPOs).

Performance

1 month-9.85% 3 years+13.65%
3 months-7.06% 5 years+23.64%
1 year+37.31% Since inception+26.59%
Data through --

Peer Comparisonvs. Small growth

 IGWAXCategory
Performance 5-yr return+23.64%+24.46%
Expense ratio1.78%1.44%
Risk 5 year sharpe ratio1.271.28
Net assets$266.0M$872.8M
Average market cap$662.1M$2.8B
Average P/E24.128.0
Portfolio turnover51%51%

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Fund Management and Purchase Info

Fund familyIvy Funds
Fund manager & tenureWilliam Jeffery, III / 5 Years
Minimal initial investment$500.00
Minimum IRA investment--

Holdings

U.S. stock92.00%
International stock3.45%
Cash3.10%
Fixed income1.46%
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
QDEL Quidel Corporation2.02%
SPNC Spectranetics Corporation1.91%
CALD Callidus Software, Inc.1.90%
NGVC Natural Grocers by Vitamin Cottage Inc1.81%
ENV Envestnet, Inc.1.78%
RNET RigNet, Inc.1.64%
THRM Gentherm Inc1.55%
ACAT Arctic Cat, Inc.1.54%
MOVE Move, Inc.1.53%
ENTA Enanta Pharmaceuticals Inc1.53%

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