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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-5.33% 3 years+9.88%
3 months-9.53% 5 years+10.25%
1 year+3.26% Since inception+15.72%
Data through --

Peer Comparisonvs. Small growth

Performance 5-yr return+10.25%+12.11%
Expense ratio2.54%1.37%
Risk 5 year sharpe ratio0.590.78
Net assets$205.5M$770.2M
Average market cap$670.5M$2.8B
Average P/E28.726.5
Portfolio turnover47%47%

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Fund Management and Purchase Info

Fund familyIvy Funds
Fund manager & tenureJohn Bichelmeyer / 0 Years
Minimal initial investment$750.00
Minimum IRA investment--


U.S. stock95.66%
Fixed income2.47%
International stock1.87%
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
IWO iShares Russell 2000 Growth ETF3.34%
ADPT Adeptus Health Inc2.77%
TWOU 2U Inc2.24%
RTRX Retrophin Inc2.15%
CALD Callidus Software Inc2.12%
RGEN Repligen Corp2.03%
NLS Nautilus Inc1.90%
ZSPH ZS Pharma Inc1.70%
RENT Rentrak Corp1.65%
ENTA Enanta Pharmaceuticals Inc1.64%

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