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Ivy Micro Cap Growth Fund Class B (IGWBX)

Net Asset Value
1 Day
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
Expense Ratio
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 in equity securities of micro-capitalization companies. The fund's investment manager utilizes a bottom-up stock selection process and seeks to invest in securities of early stage growth companies that are expected to benefit from areas of the economy that demonstrate the ability to grow meaningfully faster than overall gross domestic product for a sustained period of time.


1 month+3.21% 3 years+0.61%
3 months+1.56% 5 years+7.58%
1 year+23.04% Since inception+14.32%
Data through --

Peer Comparisonvs. Small growth

Performance 5-yr return+7.58%+10.73%
Expense ratio2.57%1.31%
Risk 5 year sharpe ratio0.460.78
Net assets$166.3M$917.8M
Average market cap$714.2M$3.3B
Average P/E32.828.5
Portfolio turnover84%84%

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Fund Management and Purchase Info

Fund familyIvy Funds
Fund manager & tenureJohn Bichelmeyer / 1 Years
Minimal initial investment$750.00
Minimum IRA investment--


U.S. stock90.09%
Fixed income2.53%
International stock2.45%
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
TTS Tile Shop Holdings Inc3.99%
EGHT 8x8 Inc3.87%
SPSC SPS Commerce Inc3.63%
MYRG MYR Group Inc3.47%
PDFS PDF Solutions Inc3.13%
AERI Aerie Pharmaceuticals Inc3.13%
GTT GTT Communications Inc2.88%
NLS Nautilus Inc2.77%
CSOD Cornerstone OnDemand Inc2.75%
ICUI ICU Medical Inc2.74%