IVOCX: Ivy Mid Cap Income Opportunities C

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IVOCX Ivy Mid Cap Income Opportunities C


Profile

IVOCX - Profile

Vitals

  • YTD Return -33.0%
  • 3 Yr Annualized Return -6.1%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $806 M
  • Holdings in Top 10 29.8%

52 WEEK LOW AND HIGH

$10.44
$9.33
$15.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.12%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Value

Distributions

  • YTD Total Return -33.0%
  • 3 Yr Annualized Total Return -5.0%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Ivy Mid Cap Income Opportunities Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Oct 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Nathan Brown

Fund Description

The fund seeks to achieve its objective by investing primarily in a diversified portfolio of income-producing common stocks of mid-capitalization companies that the advisor believes demonstrate favorable prospects for total return. It invests at least 80% of its net assets 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 Index at the time of acquisition.


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Categories

Performance

IVOCX - Performance

Return Ranking - Trailing

Period IVOCX Return Category Return Low Category Return High Rank in Category (%)
YTD -33.0% -45.2% 0.2% 24.94%
1 Yr -25.7% -92.8% 27.9% 15.10%
3 Yr -6.1%* -57.9% 7.0% 2.61%
5 Yr -1.2%* -39.4% 5.8% 2.98%
10 Yr N/A* -18.6% 9.5% 11.39%

* Annualized

Return Ranking - Calendar

Period IVOCX Return Category Return Low Category Return High Rank in Category (%)
2019 24.0% -92.4% 35.0% 39.01%
2018 -7.9% -36.8% -7.3% 1.62%
2017 10.4% -16.5% 19.3% 24.01%
2016 21.0% -14.6% 28.1% 9.75%
2015 -5.2% -36.5% 0.2% 15.00%

Total Return Ranking - Trailing

Period IVOCX Return Category Return Low Category Return High Rank in Category (%)
YTD -33.0% -45.2% 0.2% 24.94%
1 Yr -25.7% -92.8% 20.9% 15.10%
3 Yr -5.0%* -57.7% 7.0% 4.93%
5 Yr -0.2%* -39.0% 6.4% 4.97%
10 Yr N/A* -18.4% 9.8% 50.00%

* Annualized

Total Return Ranking - Calendar

Period IVOCX Return Category Return Low Category Return High Rank in Category (%)
2019 24.0% -92.4% 35.0% 39.01%
2018 -5.2% -32.7% -4.1% 2.43%
2017 11.1% -3.5% 26.9% 68.69%
2016 21.5% -2.5% 29.0% 19.18%
2015 -4.2% -29.2% 5.0% 39.33%

NAV & Total Return History


Holdings

IVOCX - Holdings

Concentration Analysis

IVOCX Category Low Category High IVOCX % Rank
Net Assets 806 M 708 K 19 B 42.97%
Number of Holdings 37 3 2528 95.65%
Net Assets in Top 10 260 M 157 K 3.21 B 42.97%
Weighting of Top 10 29.78% 7.1% 99.9% 22.76%

Top 10 Holdings

  1. Ares Management Corp Class A 3.22%
  2. nVent Electric PLC 3.09%
  3. Rockwell Automation Inc 3.06%
  4. Targa Resources Corp 2.99%
  5. Leggett & Platt Inc 2.98%
  6. Hasbro Inc 2.97%
  7. Rattler Midstream LP 2.90%
  8. Polaris Inc 2.87%
  9. Avery Dennison Corp 2.86%
  10. Umpqua Holdings Corp 2.85%

Asset Allocation

Weighting Return Low Return High IVOCX % Rank
Stocks
95.99% 89.25% 100.67% 82.10%
Cash
4.02% -0.09% 10.75% 18.93%
Preferred Stocks
0.00% 0.00% 0.26% 83.89%
Other
0.00% -0.58% 3.63% 82.61%
Convertible Bonds
0.00% 0.00% 0.00% 83.89%
Bonds
0.00% 0.00% 1.82% 84.65%

Stock Sector Breakdown

Weighting Return Low Return High IVOCX % Rank
Consumer Cyclical
21.73% 3.87% 27.77% 3.07%
Industrials
20.51% 2.02% 27.03% 6.39%
Financial Services
14.97% 1.68% 30.11% 88.24%
Technology
14.18% 0.00% 29.72% 11.51%
Energy
6.13% 0.00% 29.28% 20.97%
Basic Materials
5.76% 0.00% 17.77% 35.29%
Healthcare
5.53% 0.00% 40.84% 79.54%
Real Estate
2.93% 0.00% 19.27% 87.72%
Utilities
2.76% 0.00% 14.73% 84.14%
Communication Services
2.76% 0.00% 19.19% 48.34%
Consumer Defense
2.73% 0.00% 23.89% 87.98%

Stock Geographic Breakdown

Weighting Return Low Return High IVOCX % Rank
US
93.14% 81.73% 99.87% 64.19%
Non US
2.85% 0.00% 13.45% 47.31%

Expenses

IVOCX - Expenses

Operational Fees

IVOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.12% 0.07% 27.75% 6.35%
Management Fee 0.85% 0.00% 1.25% 90.54%
12b-1 Fee 1.00% 0.00% 1.00% 95.47%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

IVOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 79.17%

Trading Fees

IVOCX 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.

IVOCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 6.00% 204.00% 10.18%

Distributions

IVOCX - Distributions

Dividend Yield Analysis

IVOCX Category Low Category High IVOCX % Rank
Dividend Yield 0.00% 0.00% 14.85% 83.89%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IVOCX Category Low Category High IVOCX % Rank
Net Income Ratio 0.79% -0.89% 4.05% 67.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IVOCX - Fund Manager Analysis

Managers

Nathan Brown


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.42

5.4%

Nathan Brown is co-portfolio manager of the mid cap growth product suite of mutual funds and institutional accounts. He has been co-portfolio manager of Ivy Mid Cap Income Opportunities Fund since 2014. He had been assistant portfolio manager of Ivy Mid Cap Growth Fund and Ivy VIP Mid Cap Growth since 2011. He was named co-portfolio manager of the mid cap growth product suite in 2016. Mr. Brown joined the organization in 2003 as an equity investment analyst. He was appointed assistant vice president in 2010 and vice president in 2014. He was appointed senior vice president in 2018. Prior to joining the firm, Mr. Brown interned with Morgan Keegan. From 1999 to 2001 he completed five rotations at General Electric-Aircraft Engine’s financial management program. In 1999 he was a securities analyst for Krause Fund, where his responsibilities were concentrated in the utilities sector. Mr. Brown graduated with honors from the University of Iowa, Henry B. Tippie School of Business in 1999 with a BBA in Finance. He earned an MBA with an emphasis in Finance and Accounting from Vanderbilt University, Owen Graduate School of Management in 2003.

Kimberly Scott


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.42

5.4%

Kim Scott is co-portfolio manager of the mid cap growth product suite of mutual funds and institutional accounts. She has been portfolio manager of Ivy Mid Cap Growth Fund since 2001 and of Ivy VIP Mid Cap Growth since 2005. She has been co-portfolio manager of Ivy Mid Cap Income Opportunities Fund since 2014. She assumed co-portfolio manager responsibilities for the mid cap growth product suite in 2016. Ms. Scott joined the organization in 1999 as an equity investment analyst. She was appointed assistant vice president in 2000. She was appointed vice president in 2001 and senior vice president in 2004. Prior to joining the firm, Ms. Scott served in various levels of research positions throughout her career affiliated with the following companies: Bartlett & Company, NBD Bank, Johnson Investment Counsel, Inc. and the University of Cincinnati Medical Center. Her primary responsibilities included fundamental analysis of companies and equities for mutual funds, separate accounts, and personal trusts. Through this experience, Ms. Scott provided sector coverage for consumer non-durables, technology, retail, food and beverage, and tobacco. Ms. Scott graduated from the University of Kansas in 1982 with a BS in Microbiology. She earned an MBA in Finance from the University of Cincinnati in 1987. Ms. Scott is a CFA charterholder. She is a member of the CFA Institute and the CFA Society Kansas City.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.34 7.34 8.67