Ivy Micro Cap Growth Fund Class I (IGWIX)

24.55
Net Asset Value
+1.28%
1 Day
+0.24%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
1.23%
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+0.25% 3 years+12.26%
3 months+0.49% 5 years+14.74%
1 year-3.62% Since inception+21.33%
Data through --

Peer Comparisonvs. Small growth

 IGWIXCategory
Performance 5-yr return+14.74%+15.53%
Expense ratio1.23%1.40%
Risk 5 year sharpe ratio0.850.95
Net assets$235.4M$805.4M
Average market cap$557.3M$2.9B
Average P/E--27.5
Portfolio turnover67%67%

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Fund Management and Purchase Info

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

Holdings

U.S. stock92.49%
Fixed income3.49%
Cash2.05%
International stock1.97%
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
ASPX Auspex Pharmaceuticals Inc2.63%
CALD Callidus Software Inc2.31%
RENT Rentrak Corp2.13%
QDEL Quidel Corp1.99%
ENTA Enanta Pharmaceuticals Inc1.95%
AERI Aerie Pharmaceuticals Inc1.85%
TUBE TubeMogul Inc1.69%
ARC ARC Document Solutions Inc1.58%
RGEN Repligen Corp1.57%
BBW Build-A-Bear Workshop Inc1.42%

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