IGNRX: Ivy Natural Resources R

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IGNRX Ivy Natural Resources R


Profile

IGNRX - Profile

Vitals

  • YTD Return -36.6%
  • 3 Yr Annualized Return -18.3%
  • 5 Yr Annualized Return -13.2%
  • Net Assets $243 M
  • Holdings in Top 10 38.1%

52 WEEK LOW AND HIGH

$8.03
$6.72
$13.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.67%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -36.6%
  • 3 Yr Annualized Total Return -18.3%
  • 5 Yr Annualized Total Return -13.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy Natural Resources Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Dec 29, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Ginther

Fund Description

The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies with operations throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies. Under normal circumstances, the advisor anticipates that a significant portion of the fund's portfolio will consist of issuers in the energy and materials sectors. The fund is non-diversified.


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Categories

Performance

IGNRX - Performance

Return Ranking - Trailing

Period IGNRX Return Category Return Low Category Return High Rank in Category (%)
YTD -36.6% -50.4% -0.5% 77.78%
1 Yr -41.0% -67.1% 37.0% 78.76%
3 Yr -18.3%* -41.3% 70.3% 80.73%
5 Yr -13.2%* -23.8% 42.5% 82.00%
10 Yr -8.3%* -16.4% 5.5% 71.05%

* Annualized

Return Ranking - Calendar

Period IGNRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.4% -25.1% 52.1% 79.65%
2018 -23.8% -46.3% -1.6% 74.31%
2017 2.9% -39.4% 19.1% 75.24%
2016 23.8% 3.4% 50.2% 68.32%
2015 -22.5% -31.0% 0.0% 43.00%

Total Return Ranking - Trailing

Period IGNRX Return Category Return Low Category Return High Rank in Category (%)
YTD -36.6% -50.4% -0.5% 77.78%
1 Yr -41.0% -67.1% 37.0% 78.76%
3 Yr -18.3%* -41.3% 70.3% 83.49%
5 Yr -13.2%* -21.7% 42.5% 85.00%
10 Yr -8.3%* -16.4% 6.9% 82.89%

* Annualized

Total Return Ranking - Calendar

Period IGNRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.4% -25.1% 52.1% 79.65%
2018 -23.8% -46.3% -1.6% 77.98%
2017 2.9% -9.5% 22.7% 80.00%
2016 23.8% 4.1% 73.0% 75.25%
2015 -22.5% -31.0% 0.6% 46.00%

NAV & Total Return History


Holdings

IGNRX - Holdings

Concentration Analysis

IGNRX Category Low Category High IGNRX % Rank
Net Assets 243 M 7 M 1.43 B 59.83%
Number of Holdings 52 21 306 63.25%
Net Assets in Top 10 122 M 2.57 M 1.13 B 58.12%
Weighting of Top 10 38.14% 16.0% 72.8% 83.76%

Top 10 Holdings

  1. Phillips 66 4.77%
  2. Chevron Corp 4.70%
  3. Marathon Petroleum Corp 3.98%
  4. Valero Energy Corp 3.87%
  5. BHP Group PLC 3.69%
  6. ConocoPhillips 3.67%
  7. Rio Tinto PLC 3.56%
  8. Barrick Gold Corp 3.40%
  9. EOG Resources Inc 3.31%
  10. Concho Resources Inc 3.20%

Asset Allocation

Weighting Return Low Return High IGNRX % Rank
Stocks
97.07% 62.51% 101.29% 65.81%
Cash
2.93% -1.29% 25.18% 33.33%
Preferred Stocks
0.00% 0.00% 0.00% 70.94%
Other
0.00% -1.30% 21.55% 81.20%
Convertible Bonds
0.00% 0.00% 2.46% 72.65%
Bonds
0.00% 0.00% 9.85% 73.50%

Stock Sector Breakdown

Weighting Return Low Return High IGNRX % Rank
Energy
62.41% 0.00% 79.75% 15.38%
Basic Materials
27.97% 0.24% 100.00% 83.76%
Industrials
6.62% 0.00% 47.79% 25.64%
Consumer Cyclical
2.47% 0.00% 12.67% 20.51%
Technology
0.53% 0.00% 35.02% 31.62%
Utilities
0.00% 0.00% 36.35% 76.07%
Real Estate
0.00% 0.00% 6.35% 73.50%
Healthcare
0.00% 0.00% 17.47% 76.07%
Financial Services
0.00% 0.00% 13.80% 71.79%
Communication Services
0.00% 0.00% 0.10% 70.94%
Consumer Defense
0.00% 0.00% 8.21% 79.49%

Stock Geographic Breakdown

Weighting Return Low Return High IGNRX % Rank
US
65.53% 3.58% 98.30% 14.53%
Non US
31.54% 1.04% 94.71% 90.60%

Expenses

IGNRX - Expenses

Operational Fees

IGNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.67% 0.47% 4.31% 30.77%
Management Fee 0.85% 0.00% 1.25% 69.23%
12b-1 Fee 0.50% 0.00% 1.00% 66.22%
Administrative Fee N/A 0.03% 0.45% 5.17%

Sales Fees

IGNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IGNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 2.00% 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.

IGNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 12.00% 111.00% 38.05%

Distributions

IGNRX - Distributions

Dividend Yield Analysis

IGNRX Category Low Category High IGNRX % Rank
Dividend Yield 0.00% 0.00% 6.07% 71.79%

Dividend Distribution Analysis

IGNRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

IGNRX Category Low Category High IGNRX % Rank
Net Income Ratio 0.73% -1.89% 4.18% 46.15%

Capital Gain Distribution Analysis

IGNRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IGNRX - Fund Manager Analysis

Managers

David Ginther


Start Date

Tenure

Tenure Rank

Jul 02, 2013

6.75

6.8%

David Ginther is Senior Vice President at Waddell & Reed Investment Management Company. He joined Waddell & Reed in March 1995 as an investment analyst; promoted to Assistant VP, Jan-99 and VP Jul-00. In Jul-03 was appointed Lead Portfolio Manager of Waddell & Reed Advisors Dividend Income Fund, a highly rated fund available for sale to investors in the US, and the fund upon which the Mackenzie Universal US Dividend Income Fund is modeled. David earned a BS, Accounting from Kansas State University and holds the CPA designation.

Michael Wolverton


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.5

3.5%

Michael Wolverton is co-portfolio manager of Ivy Energy Fund and Ivy VIP Energy and of Ivy Natural Resources Fund and Ivy VIP Natural Resources. He had been assistant portfolio manager of the Energy and Natural Resources funds since 2013. He was named co-portfolio manager of the Energy and Natural Resources funds in 2016. He is co-portfolio manager of Ivy Focused Energy NextShares, an exchange-traded managed fund, since 2016. Mr. Wolverton joined the organization in 2005 as an equity investment analyst after holding a summer intern position with the firm in 2004. He was appointed assistant vice president in 2012 and vice president in 2017. His research responsibilities are concentrated in energy equipment and services, and oil, gas and consumable fuels. From 2003 through 2005 Mr. Wolverton was affiliated with the MBA Investment Fund, LLC as a portfolio manager. In this role, he and his team were responsible for managing three equity and fixed income portfolios totaling $12 million. Mr. Wolverton graduated from William Jewell College in 1997 with a BS in Accounting. He earned an MBA with an emphasis in Finance from the University of Texas at Austin, McCombs School of Business in 2005. Mr. Wolverton 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
0.42 32.18 9.67 13.68