IVIAX: Ivy International Core Equity A

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IVIAX Ivy International Core Equity A


Profile

IVIAX - Profile

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $3.94 B
  • Holdings in Top 10 21.2%

52 WEEK LOW AND HIGH

$17.34
$16.01
$17.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.27%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $750
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy International Core Equity Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    May 13, 1997
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Maxwell

Fund Description

The fund invests, under normal circumstances, at least 80% of its net assets in equity securities of companies primarily located in, or principally traded in, developed European and Asian/Pacific Basin markets. In seeking to enhance potential return, it also may invest in issuers located or doing business in emerging market countries. The fund may invest up to 100% of its total assets in foreign securities.


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Categories

Performance

IVIAX - Performance

Return Ranking - Trailing

Period IVIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -5.9% 87.1% 70.43%
1 Yr 3.6% -22.3% 309.5% 88.23%
3 Yr -0.5%* -14.0% 60.0% 91.68%
5 Yr -0.6%* -11.7% 32.6% 86.15%
10 Yr 2.1%* -4.9% 15.1% 70.93%

* Annualized

Return Ranking - Calendar

Period IVIAX Return Category Return Low Category Return High Rank in Category (%)
2019 15.6% -19.9% 301.9% 82.34%
2018 -24.8% -50.2% 0.0% 87.69%
2017 21.5% -2.4% 38.4% 70.21%
2016 -0.2% -23.2% 210.3% 39.53%
2015 -1.8% -47.4% 6.8% 32.10%

Total Return Ranking - Trailing

Period IVIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -5.9% 87.1% 70.43%
1 Yr 3.6% -22.3% 309.5% 88.23%
3 Yr 2.8%* -12.1% 60.0% 77.65%
5 Yr 1.8%* -11.7% 32.6% 59.06%
10 Yr 5.4%* -4.9% 15.1% 23.84%

* Annualized

Total Return Ranking - Calendar

Period IVIAX Return Category Return Low Category Return High Rank in Category (%)
2019 15.6% -19.9% 301.9% 82.48%
2018 -17.9% -50.2% 0.0% 57.60%
2017 22.7% -0.1% 38.4% 75.12%
2016 1.3% -10.2% 210.3% 32.02%
2015 -1.0% -28.8% 7.7% 33.95%

NAV & Total Return History


Holdings

IVIAX - Holdings

Concentration Analysis

IVIAX Category Low Category High IVIAX % Rank
Net Assets 3.94 B 862 K 411 B 17.32%
Number of Holdings 84 1 9082 61.81%
Net Assets in Top 10 889 M 0 37.4 B 19.03%
Weighting of Top 10 21.21% 0.0% 100.0% 52.65%

Top 10 Holdings

  1. Total SA 2.88%
  2. Nestle SA 2.70%
  3. Airbus SE 2.43%
  4. SAP SE 2.28%
  5. Roche Holding AG Dividend Right Cert. 2.01%
  6. Subaru Corp 1.99%
  7. UniCredit SpA 1.82%
  8. Bayer AG 1.75%
  9. Seven & i Holdings Co Ltd 1.70%
  10. Merck KGaA 1.65%

Asset Allocation

Weighting Return Low Return High IVIAX % Rank
Stocks
95.33% 0.00% 116.24% 87.20%
Cash
2.85% -95.40% 100.00% 24.97%
Other
1.46% -13.56% 26.48% 10.93%
Bonds
0.36% -0.26% 67.32% 5.66%
Preferred Stocks
0.00% 0.00% 1.92% 61.00%
Convertible Bonds
0.00% 0.00% 1.87% 57.22%

Stock Sector Breakdown

Weighting Return Low Return High IVIAX % Rank
Healthcare
15.20% 0.00% 29.19% 10.48%
Financial Services
14.69% 0.00% 29.20% 83.81%
Consumer Defense
13.44% 2.02% 28.39% 13.06%
Industrials
12.98% 5.06% 32.68% 67.76%
Consumer Cyclical
10.59% 1.70% 27.41% 42.99%
Energy
10.51% 0.00% 15.81% 1.36%
Technology
7.98% 0.00% 52.53% 69.52%
Basic Materials
6.30% 0.00% 17.16% 62.45%
Communication Services
4.49% 0.00% 29.11% 81.22%
Utilities
2.30% 0.00% 11.72% 60.95%
Real Estate
1.51% 0.00% 12.47% 69.52%

Stock Geographic Breakdown

Weighting Return Low Return High IVIAX % Rank
Non US
90.58% 0.00% 128.76% 86.37%
US
4.75% -13.21% 19.62% 22.81%

Bond Sector Breakdown

Weighting Return Low Return High IVIAX % Rank
Cash & Equivalents
89.15% -0.32% 100.00% 79.56%
Government
10.85% 0.00% 54.76% 4.12%
Derivative
0.00% -0.12% 95.64% 63.10%
Securitized
0.00% 0.00% 12.13% 57.06%
Corporate
0.00% 0.00% 100.00% 64.20%
Municipal
0.00% 0.00% 1.16% 57.20%

Bond Geographic Breakdown

Weighting Return Low Return High IVIAX % Rank
US
0.36% -0.26% 57.43% 3.91%
Non US
0.00% 0.00% 29.03% 58.03%

Expenses

IVIAX - Expenses

Operational Fees

IVIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.02% 22.87% 40.28%
Management Fee 0.75% 0.00% 1.36% 64.32%
12b-1 Fee 0.25% 0.00% 1.00% 41.73%
Administrative Fee N/A 0.00% 1.00% 8.86%

Sales Fees

IVIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 22.68%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IVIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

IVIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 344.00% 63.32%

Distributions

IVIAX - Distributions

Dividend Yield Analysis

IVIAX Category Low Category High IVIAX % Rank
Dividend Yield 0.00% 0.00% 5.65% 62.10%

Dividend Distribution Analysis

IVIAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

IVIAX Category Low Category High IVIAX % Rank
Net Income Ratio 1.90% -1.71% 3.74% 54.39%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IVIAX - Fund Manager Analysis

Managers

John Maxwell


Start Date

Tenure

Tenure Rank

Feb 17, 2006

13.96

14.0%

Mr. Maxwell is Senior Vice President of Ivy Investment Management Company and WRIMCO, Vice President of the Trust and Vice President of and portfolio manager of other investment companies for which IICO and WRIMCO serves as investment manager. He joined WRIMCO in 1998, initially serving as an investment analyst and has served as assistant portfolio manager for funds managed by IICO and WRIMCO since July 2003. In 2004, Mr. Maxwell began assisting the international group of IICO as an investment analyst. Mr. Maxwell earned a BS degree from the University of Kentucky, and an MBA from the Johnson Graduate School of Management, Cornell University. He is a Chartered Financial Analyst.

Catherine Murray


Start Date

Tenure

Tenure Rank

Jan 25, 2017

3.02

3.0%

Catherine Murray was named co-portfolio manager of the international core equity product suite of mutual funds and institutional accounts in January 2017. She had been the assistant portfolio manager on the product since January 2014. She remains the firm’s international financial sector analyst, and previously was the firm’s global financial sector analyst. Prior to joining the organization in 2011, Ms. Murray had significant roles as both a sell-side and buy-side financial sector analyst. She was a managing director of JP Morgan and a senior sell-side banking industry analyst at JP Morgan Securities where she followed Latin American, U.S. regional and money center banks. She was an Institutional Investor (II) ranked analyst in two banking industry categories, and achieved the top II ranking as a Latin America banks analyst. Ms. Murray also was a managing director and senior financial services analyst at Neuberger Berman, and a financial sector strategist at WJB Capital. Ms. Murray graduated from the College of St. Catherine in St. Paul, Minnesota with a BA in French and Business Administration (accounting). She earned her MBA from the Wharton School, University of Pennsylvania, majoring in Finance. She has lived and studied in Mexico City and Paris, France.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 28.02 5.44 0.92