Ivy Mid Cap Growth Fund Class A (WMGAX)

23.58
Net Asset Value
+1.20%
1 Day
+4.57%
Year-to-Date
Overall Morningstar Rating
Mid-cap growth
Style or Category
5.75
Sales Expenses
1.34%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide growth of capital. The fund seeks to achieve its objective by investing primarily in common stocks of mid-capitalization companies that IICO believes are high quality and/or offer above-average growth potential. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in the securities of mid-capitalization companies, which, for purposes of this fund, typically are companies with market capitalizations within the range of companies in the Russell Midcap Growth Index at the time of acquisition.

Performance

1 month-0.26% 3 years+12.68%
3 months+2.37% 5 years+14.80%
1 year+11.93% Since inception+7.49%
Data through --

Peer Comparisonvs. Mid-cap growth

 WMGAXCategory
Performance 5-yr return+14.80%+14.76%
Expense ratio1.34%1.33%
Risk 5 year sharpe ratio1.081.01
Net assets$5.1B$1.3B
Average market cap$8.9B$9.8B
Average P/E25.124.3
Portfolio turnover43%43%

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Fund Management and Purchase Info

Fund familyIvy Funds
Fund manager & tenureKimberly Scott / 14 Years
Minimal initial investment$750.00
Minimum IRA investment--

Holdings

U.S. stock95.23%
International stock2.45%
Cash1.55%
Fixed income0.77%
Other0.00%
Top 5 Sectors
Portfolio weighting
Consumer service 19.62%
Financial service 14.03%
Industrial materials 12.32%
Healthcare 10.36%
Hardware 9.54%
Top 10 Holdings
Portfolio weighting
ISRG Intuitive Surgical3.05%
EA Electronic Arts Inc2.95%
NTRS Northern Trust2.69%
EXPD Expeditors International of Washington Inc2.30%
MJN Mead Johnson Nutrition Co2.30%
FAST Fastenal Co2.29%
MCHP Microchip Technology Inc2.20%
SBNY Signature Bank2.19%
LKQ LKQ Corp2.11%
ROST Ross Stores Inc1.99%

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