IYSTX: Ivy Small Cap Growth T

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IYSTX Ivy Small Cap Growth T


Profile

IYSTX - Profile

Vitals

  • YTD Return -27.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.4 B
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$12.27
$11.41
$18.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -27.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy Small Cap Growth Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Jul 05, 2017
  • Shares Outstanding
    N/A
  • Share Class
    T
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Timothy Miller

Fund Description

The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in common stocks of small-capitalization companies. For purposes of this fund, small-capitalization companies typically are companies with market capitalizations within the range of companies in the Russell 2000 Growth Index at the time of acquisition.


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Categories

Performance

IYSTX - Performance

Return Ranking - Trailing

Period IYSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -27.7% -50.2% 4.9% 36.23%
1 Yr -28.9% -58.7% 37.1% 51.23%
3 Yr N/A* -58.5% 19.5% 14.41%
5 Yr N/A* -43.6% 16.3% 14.57%
10 Yr N/A* -18.9% 14.7% 16.99%

* Annualized

Return Ranking - Calendar

Period IYSTX Return Category Return Low Category Return High Rank in Category (%)
2019 15.8% -49.8% 425.7% 76.28%
2018 -17.7% -54.2% 18.6% 47.36%
2017 N/A -73.6% 36.1% N/A
2016 N/A -49.0% 133.1% N/A
2015 N/A -70.7% 8.6% N/A

Total Return Ranking - Trailing

Period IYSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -27.7% -50.2% 4.9% 36.23%
1 Yr -28.9% -58.7% 37.1% 51.23%
3 Yr N/A* -31.9% 19.5% 26.49%
5 Yr N/A* -25.3% 16.3% 28.34%
10 Yr N/A* -12.5% 19.9% 28.49%

* Annualized

Total Return Ranking - Calendar

Period IYSTX Return Category Return Low Category Return High Rank in Category (%)
2019 15.8% -49.8% 425.7% 76.28%
2018 -3.7% -54.2% 18.6% 14.31%
2017 N/A -5.9% 42.0% N/A
2016 N/A -16.4% 133.1% N/A
2015 N/A -59.6% 19.3% N/A

NAV & Total Return History


Holdings

IYSTX - Holdings

Concentration Analysis

IYSTX Category Low Category High IYSTX % Rank
Net Assets 2.4 B 4.59 M 23.7 B 14.90%
Number of Holdings 81 1 2012 70.21%
Net Assets in Top 10 559 M 548 K 2.44 B 14.42%
Weighting of Top 10 21.47% 5.8% 100.0% 41.20%

Top 10 Holdings

  1. Teladoc Health Inc 3.34%
  2. Nexstar Media Group Inc Class A 2.45%
  3. Five9 Inc 2.18%
  4. Mercury Systems Inc 2.14%
  5. Insulet Corp 2.01%
  6. Proofpoint Inc 1.95%
  7. Clean Harbors Inc 1.88%
  8. InterXion Holding NV 1.86%
  9. Monolithic Power Systems Inc 1.86%
  10. Woodward Inc 1.80%

Asset Allocation

Weighting Return Low Return High IYSTX % Rank
Stocks
95.00% 85.89% 102.75% 84.47%
Cash
4.84% -3.87% 17.13% 11.57%
Other
0.16% -11.63% 6.94% 13.00%
Preferred Stocks
0.00% 0.00% 5.52% 74.33%
Convertible Bonds
0.00% 0.00% 0.00% 71.16%
Bonds
0.00% 0.00% 0.14% 71.16%

Stock Sector Breakdown

Weighting Return Low Return High IYSTX % Rank
Technology
26.20% 2.71% 77.08% 30.74%
Industrials
23.91% 1.17% 39.66% 8.40%
Healthcare
23.55% 0.14% 48.27% 66.56%
Consumer Cyclical
9.66% 0.00% 31.02% 74.48%
Financial Services
6.67% 0.00% 22.83% 52.77%
Consumer Defense
5.11% 0.00% 14.28% 35.97%
Communication Services
2.88% 0.00% 13.77% 32.17%
Energy
1.74% 0.00% 6.77% 24.09%
Real Estate
0.29% 0.00% 13.24% 78.61%
Utilities
0.00% 0.00% 7.48% 78.45%
Basic Materials
0.00% 0.00% 9.57% 95.40%

Stock Geographic Breakdown

Weighting Return Low Return High IYSTX % Rank
US
93.72% 81.00% 100.76% 60.70%
Non US
1.28% 0.00% 14.94% 73.85%

Expenses

IYSTX - Expenses

Operational Fees

IYSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.06% 36.03% 55.34%
Management Fee 0.83% 0.05% 1.50% 54.92%
12b-1 Fee 0.25% 0.00% 1.00% 53.46%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

IYSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 2.50% 5.75% 96.70%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IYSTX 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.

IYSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 9.00% 474.00% 31.88%

Distributions

IYSTX - Distributions

Dividend Yield Analysis

IYSTX Category Low Category High IYSTX % Rank
Dividend Yield 0.00% 0.00% 42.10% 72.58%

Dividend Distribution Analysis

IYSTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

IYSTX Category Low Category High IYSTX % Rank
Net Income Ratio -0.25% -2.35% 1.11% 28.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IYSTX - Fund Manager Analysis

Managers

Timothy Miller


Start Date

Tenure

Tenure Rank

Apr 01, 2010

9.92

9.9%

Mr. Miller, CFA, is Senior Vice President of IICO, and Vice President of and portfolio manager for another investment company for which IICO serves as investment manager. He joined IICO in February 2008 and has served as the portfolio manager for investment companies managed by IICO (or its affiliates) since March 2008. Previous employment included serving as the Chief Investment Officer of Invesco Funds Group, Inc., and as the Chief Investment Officer of the Denver Investment Center of Invesco North America. Mr. Miller holds a BS degree in Business Administration from St. Louis University.

Kenneth McQuade


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.41

3.4%

Kenneth G. McQuade was named co portfolio manager of the small cap growth product suit in 2016. He was sole portfolio manager of Ivy VIP Small Growth from 2016 to 2016. Mr. McQuade joined Waddell & Reed in 1997 as an investment analyst. He was an assistant portfolio manager of separately managed small cap accounts from August 2003 until March 2010. Mr. McQuade is Senior Vice President of WRIMCO and IICO and Vice President of the Trust. He earned a BS degree in finance from Bradley University.

Bradley Halverson


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.41

3.4%

Brad Halverson is co-portfolio manager of the small cap growth product suite of mutual funds and institutional accounts. He was named co-portfolio manager of the product suite in 2016. Mr. Halverson joined the organization in 2008 as an equity investment analyst on the Small Cap Growth team. He was appointed assistant vice president in 2013 and vice president in 2015. He was named assistant portfolio manager of small cap growth institutional accounts, serving in the role from 2014 to 2016. He was appointed senior vice president in 2018. Prior to joining the firm, Mr. Halverson was associated with Northpointe Capital as an equity analyst responsible for researching growth stocks across micro, small, and mid cap portfolios. From 2002 to 2004 he was an associate in health care investment banking for A.G. Edwards & Sons, Inc. He was affiliated with PricewaterhouseCoopers, LLP in positions of increasing responsibility from 1995 through 2000, culminating as a manager in business advisory services. Mr. Halverson graduated from Brigham Young University in 1995 with a BS and MS in Accounting. He earned an MBA with an emphasis in Finance and Corporate Strategy from the University of Michigan in 2002. Mr. Halverson is a CFA charterholder. He is a member of the CFA Institute. He is a former Certified Public Accountant (CPA).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 28.59 7.95 3.0