IVEIX: Ivy Energy I

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IVEIX Ivy Energy I


Profile

IVEIX - Profile

Vitals

  • YTD Return -12.6%
  • 3 Yr Annualized Return -18.9%
  • 5 Yr Annualized Return -12.2%
  • Net Assets $217 M
  • Holdings in Top 10 41.7%

52 WEEK LOW AND HIGH

$7.72
$7.42
$10.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Equity Energy

Distributions

  • YTD Total Return -12.6%
  • 3 Yr Annualized Total Return -18.8%
  • 5 Yr Annualized Total Return -12.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy Energy Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Apr 02, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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 securities of companies within the energy sector, which includes all aspects of the energy industry, such as exploration, discovery, production, distribution or infrastructure of energy and/or alternative energy sources. It also may invest in companies that are not within the energy sector that are engaged in the development of products and services to enhance energy efficiency for the users of those products and services. The fund is non-diversified.


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Categories

Performance

IVEIX - Performance

Return Ranking - Trailing

Period IVEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.6% -22.4% 3.5% 82.05%
1 Yr -23.5% -53.2% 322.2% 80.52%
3 Yr -18.9%* -37.9% 23.6% 84.93%
5 Yr -12.2%* -29.6% 17.5% 64.52%
10 Yr -3.7%* -12.3% 10.3% 34.15%

* Annualized

Return Ranking - Calendar

Period IVEIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -31.6% 664.4% 58.44%
2018 -34.3% -59.6% -17.1% 82.43%
2017 -13.2% -24.5% 9.3% 79.45%
2016 34.8% 16.2% 420.6% 21.74%
2015 -22.8% -73.7% -17.3% 17.74%

Total Return Ranking - Trailing

Period IVEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.6% -22.4% 3.5% 82.05%
1 Yr -23.5% -53.2% 322.2% 80.52%
3 Yr -18.8%* -37.9% 24.3% 84.93%
5 Yr -12.1%* -29.6% 17.5% 64.52%
10 Yr -3.6%* -12.3% 10.3% 43.90%

* Annualized

Total Return Ranking - Calendar

Period IVEIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -31.6% 664.4% 58.44%
2018 -34.3% -59.6% -14.9% 82.43%
2017 -12.8% -23.4% 17.7% 82.19%
2016 34.8% 16.2% 420.6% 21.74%
2015 -22.8% -73.7% -16.6% 20.97%

NAV & Total Return History


Holdings

IVEIX - Holdings

Concentration Analysis

IVEIX Category Low Category High IVEIX % Rank
Net Assets 217 M 6.07 M 6.18 B 28.21%
Number of Holdings 42 24 138 42.31%
Net Assets in Top 10 107 M 2.93 M 3.13 B 29.49%
Weighting of Top 10 41.68% 40.3% 68.5% 84.62%

Top 10 Holdings

  1. Concho Resources Inc 4.97%
  2. Phillips 66 4.92%
  3. Valero Energy Corp 4.66%
  4. Pioneer Natural Resources Co 4.62%
  5. Marathon Petroleum Corp 4.16%
  6. WPX Energy Inc Class A 3.90%
  7. Cactus Inc Class A 3.68%
  8. Parsley Energy Inc A 3.61%
  9. Diamondback Energy Inc 3.59%
  10. Continental Resources Inc 3.56%

Asset Allocation

Weighting Return Low Return High IVEIX % Rank
Stocks
97.92% 71.66% 101.01% 65.38%
Cash
2.08% -0.40% 28.34% 34.62%
Preferred Stocks
0.00% 0.00% 1.85% 70.51%
Other
0.00% -4.75% 0.00% 60.26%
Convertible Bonds
0.00% 0.00% 0.00% 70.51%
Bonds
0.00% 0.00% 13.32% 74.36%

Stock Sector Breakdown

Weighting Return Low Return High IVEIX % Rank
Energy
96.08% 47.71% 100.00% 48.72%
Technology
3.92% 0.00% 11.40% 12.82%
Utilities
0.00% 0.00% 49.40% 79.49%
Real Estate
0.00% 0.00% 0.00% 70.51%
Industrials
0.00% 0.00% 9.65% 80.77%
Healthcare
0.00% 0.00% 0.00% 70.51%
Financial Services
0.00% 0.00% 3.21% 74.36%
Communication Services
0.00% 0.00% 0.00% 70.51%
Consumer Defense
0.00% 0.00% 0.00% 70.51%
Consumer Cyclical
0.00% 0.00% 3.69% 74.36%
Basic Materials
0.00% 0.00% 7.50% 91.03%

Stock Geographic Breakdown

Weighting Return Low Return High IVEIX % Rank
US
91.98% 38.14% 100.40% 25.64%
Non US
5.94% 0.00% 61.09% 82.05%

Expenses

IVEIX - Expenses

Operational Fees

IVEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.10% 4.80% 81.82%
Management Fee 0.85% 0.09% 1.50% 74.36%
12b-1 Fee 0.00% 0.00% 1.00% 10.00%
Administrative Fee N/A 0.05% 0.25% 17.95%

Sales Fees

IVEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

IVEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 7.00% 1453.00% 23.08%

Distributions

IVEIX - Distributions

Dividend Yield Analysis

IVEIX Category Low Category High IVEIX % Rank
Dividend Yield 0.00% 0.00% 11.02% 80.77%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IVEIX Category Low Category High IVEIX % Rank
Net Income Ratio -0.08% -1.61% 4.70% 72.73%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IVEIX - Fund Manager Analysis

Managers

David Ginther


Start Date

Tenure

Tenure Rank

Apr 03, 2006

13.84

13.8%

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

3.33

3.3%

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
0.04 21.85 6.14 3.75