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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ivy Tax-Managed Equity Fund

IYECX |

-

$659 M

-

1.93%

Vitals

YTD Return

N/A

1 yr return

12.5%

3 Yr Avg Return

10.5%

5 Yr Avg Return

11.2%

Net Assets

$659 M

Holdings in Top 10

50.4%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.93%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 34.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$750

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ivy Tax-Managed Equity Fund

IYECX |

-

$659 M

-

1.93%

IYECX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 10.5%
  • 5 Yr Annualized Total Return 11.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.84%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy Tax-Managed Equity Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    May 18, 2009
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bradley M. Klapmeyer

Fund Description

IYECX - Performance

Return Ranking - Trailing

Period IYECX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -10.6% 42.0% N/A
1 Yr 12.5% -62.3% 16.6% N/A
3 Yr 10.5%* -37.8% 23.3% N/A
5 Yr 11.2%* -31.0% 23.8% N/A
10 Yr 11.9%* -12.5% 16.9% N/A

* Annualized

Return Ranking - Calendar

Period IYECX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -65.5% 9.4% N/A
2022 N/A -28.2% 41.0% N/A
2021 N/A -56.6% 18.1% N/A
2020 N/A -38.0% 11.4% N/A
2019 N/A -52.4% 105.4% N/A

Total Return Ranking - Trailing

Period IYECX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -10.6% 42.0% N/A
1 Yr 11.5% -62.3% 24.1% N/A
3 Yr 10.5%* -37.8% 29.4% N/A
5 Yr 11.2%* -31.0% 32.7% N/A
10 Yr 11.9%* -12.5% 19.9% N/A

* Annualized

Total Return Ranking - Calendar

Period IYECX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -65.5% 16.5% N/A
2022 N/A -28.2% 48.9% N/A
2021 N/A -56.6% 26.8% N/A
2020 N/A -38.0% 17.3% N/A
2019 N/A -52.4% 120.7% N/A

IYECX - Holdings

Concentration Analysis

IYECX Category Low Category High IYECX % Rank
Net Assets 659 M 998 K 193 B N/A
Number of Holdings 41 6 2032 N/A
Net Assets in Top 10 332 M 592 K 54.6 B N/A
Weighting of Top 10 50.44% 13.6% 100.1% N/A

Top 10 Holdings

  1. Microsoft Corp 9.91%
  2. Amazon.com Inc 7.51%
  3. Apple Inc 5.75%
  4. Salesforce.com Inc 4.66%
  5. Alphabet Inc A 4.34%
  6. Verisk Analytics Inc 4.05%
  7. Adobe Inc 3.90%
  8. Visa Inc Class A 3.63%
  9. CME Group Inc Class A 3.49%
  10. Mastercard Inc A 3.21%

Asset Allocation

Weighting Return Low Return High IYECX % Rank
Stocks 		99.39% 17.95% 118.91% N/A
Cash 		0.61% -22.12% 54.51% N/A
Preferred Stocks 		0.00% 0.00% 18.88% N/A
Other 		0.00% -21.17% 14.61% N/A
Convertible Bonds 		0.00% 0.00% 2.72% N/A
Bonds 		0.00% 0.00% 72.62% N/A

Stock Sector Breakdown

Weighting Return Low Return High IYECX % Rank
Technology 		33.33% 0.00% 60.97% N/A
Consumer Cyclical 		16.71% 0.00% 32.85% N/A
Industrials 		14.96% 0.00% 25.15% N/A
Financial Services 		14.56% 0.00% 40.20% N/A
Healthcare 		11.47% 0.00% 96.10% N/A
Consumer Defense 		4.44% 0.00% 17.04% N/A
Communication Services 		2.54% 0.00% 15.66% N/A
Energy 		1.37% 0.00% 15.29% N/A
Utilities 		0.00% -0.01% 10.18% N/A
Real Estate 		0.00% 0.00% 10.15% N/A
Basic Materials 		0.00% 0.00% 11.46% N/A

Stock Geographic Breakdown

Weighting Return Low Return High IYECX % Rank
US 		99.39% 7.01% 117.83% N/A
Non US 		0.00% 0.00% 92.52% N/A

IYECX - Expenses

Operational Fees

IYECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.93% 0.00% 15.15% N/A
Management Fee 0.65% 0.00% 1.44% N/A
12b-1 Fee 1.00% 0.00% 1.00% N/A
Administrative Fee 0.01% 0.00% 1.02% N/A

Sales Fees

IYECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 8.50% N/A
Deferred Load 1.00% 1.00% 5.50% N/A

Trading Fees

IYECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IYECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 0.00% 650.00% N/A

IYECX - Distributions

Dividend Yield Analysis

IYECX Category Low Category High IYECX % Rank
Dividend Yield 0.00% 0.00% 0.11% N/A

Dividend Distribution Analysis

IYECX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

IYECX Category Low Category High IYECX % Rank
Net Income Ratio -0.84% -14.30% 2.62% N/A

Capital Gain Distribution Analysis

IYECX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

IYECX - Fund Manager Analysis

Managers

Bradley M. Klapmeyer

Start Date

Tenure

Tenure Rank

Aug 04, 2014

4.24

4.2%

Brad Klapmeyer is portfolio manager of the large cap growth product suite of mutual funds and institutional accounts, managing the product suite since 2016. He has been portfolio manager of Ivy Tax-Managed Equity Fund since 2014 and of Ivy Focused Growth NextShares, an exchange-traded managed fund, since 2016. Mr. Klapmeyer joined the organization in 2007 as an equity investment analyst. He was appointed assistant vice president in 2010. He was assistant portfolio manager to the Large Cap Growth team from 2011 to 2016. He was appointed vice president in 2014 and senior vice president in 2018. Mr. Klapmeyer had been an associate analyst covering airlines for Prudential Equity Group, LLC from 2006 through 2007. He was an equity analyst for Commerce Bank from 2000 to 2006, where his research responsibilities were focused on electronic and health technologies. Mr. Klapmeyer graduated from Truman State University in 1999 with a BS in Finance and a minor in Economics. Mr. Klapmeyer is a CFA charterholder. He is a member of the CFA Institute and the CFA Society of Kansas City.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 51.53 8.48 0.0

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