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Fund Detail

Ivy Core Equity Fund
Class E Shares

View another fund/share class

Fund Facts 
Ticker Symbol
ICFEX
CUSIP
466000171
Fund Code
401
Fund Type
Domestic Equity Funds
Fund Inception
09/21/1992
Class Inception
04/02/2007
Fiscal Year End
March
Dividends Paid
Annually
Net Assets (as of 06/30/2010)
$184.2 mil
Total Holdings (as of 06/30/2010)
48
Turnover Rate (as of 03/31/2010)
101%
Lipper Category
Large-Cap Core
Morningstar Category
Large Blend
Benchmark
S&P 500

Daily Prices4

Updated 9/9/2010
Net Asset Value (NAV) $8.51
NAV Change ($) $0.03
NAV Change (%) 0.35%
Weekly NAV Change ($) -$0.01
Weekly NAV Change (%) -0.12%
Public Offering Price (POP) $9.03

   Historical Prices & Distributions

   
   

Fund Description
Fund Objective 
To provide capital growth and income.
 
Investment Approach 
The Fund focuses on high-quality, large-capitalization companies that we believe have sustainable competitive advantages accompanied by financial strength and earnings stability, and have dominant positions in their industries.
 
  Morningstar Style Box5

Returns and Expenses1, 2, 3
Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

  Monthly Rates of Return

  Average Annual Total Returns
  as of 8/31/2010
  1yr 3yr 5yr 10yr Lifetime
Fund at NAV 4.03% -6.60% N/A N/A -3.66%
Fund with maximum 5.75% sales charge -1.95% -8.43% N/A N/A -5.32%

  Quarterly Rates of Return

  Average Annual Total Returns
  as of 6/30/2010
  1yr 3yr 5yr 10yr Lifetime
Fund at NAV 15.60% -7.03% N/A N/A -4.37%
Fund with maximum 5.75% sales charge 8.95% -8.85% N/A N/A -6.09%
S&P 500 14.43% -9.81% -0.79% -1.59% -7.38%
Lipper Large-Cap Core 12.10% -10.00% -1.10% -1.19% -7.61%

Expense Ratios 
as of 07/31/2010
Net  1.35%
Gross  2.16%

Growth of a $10,000 Investment
through 06/30/2010

Assumes an investment over 10 years or life of the share class, reinvestment of dividends and capital gains, and does not include the effect of sales charges or taxes.

1. Class E shares are subject to an initial sales charge of 5.75 percent when purchased for your InvestEd Plan account; it also features a step down structure of lowering the initial sales charge based on the amount of your investment.

2. S&P 500 is an unmanaged index of common stocks. It is not possible to invest directly in an index.

3. Consider All Factors. As with any mutual fund, the value of the Fund's shares will change, and you could lose money on your investment. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. These and other risks are more fully described in the fund's prospectus.

Ratings & Rankings
Lipper Rankings
as of 06/30/2010
Category: Large-Cap Core
  Rank Percentile
1 Year 93/986 10
3 Year 102/842 13

Rankings are based on average annual total returns, but do not consider sales charges.
Morningstar Ratings
as of 06/30/2010
Category: Large Blend
Overall   (out of 1545 Large Blend)
3 Year   (out of 1545 Large Blend)

Rankings are based on risk-adjusted returns.

Holdings
Portfolio Composition6
(as a % of net assets as of 06/30/2010)
Common Stock 87.0%
Cash 10.0%
Foreign Stock 3.0%
Sector Allocation6
(as a % of equity holdings as of 06/30/2010)
Information Technology 19.9%
Financials 18.1%
Consumer Discretionary 14.6%
Consumer Staples 13.4%
Industrials 12.9%
Energy 8.4%
Materials 3.2%
Top 10 Equity Holdings6
(as a % of net assets as of 06/30/2010)
Capital One Financial Corporation 4.9%
Wells Fargo & Company 4.1%
Hewlett-Packard Company 4.0%
Amgen Inc. 4.0%
Union Pacific Corporation 3.5%
CBS Corporation, Class B 3.4%
General Mills, Inc. 3.3%
DIRECTV Group, Inc. (The) 3.0%
Intel Corporation 3.0%
Dow Chemical Company (The) 2.9%
Total Portfolio Holdings
(updated quarterly, upon availability)
 
View | Download (as of 06/30/2010)
Quality Breakdown
(as of 06/30/2010)
Gov't 0.0%
AAA 0.0%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Non-Rated 0.0%
Effective Duration years

Portfolio Management
Manager Name Company Name Years in Industry Years with Fund
 Gus C. Zinn, CFA  Ivy Investment Management Company  12  4
 Erik R. Becker, CFA  Ivy Investment Management Company  12  4

4. Per share values based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time. Ivy Funds Class A and Class Y shares are subject to distribution and service fees of up to 0.25% of the average daily net assets, annually, pursuant to SEC Rule 12b-1, while Class B and Class C shares are subject to distribution and service fees of up to 1.00% of the average daily net assets, annually, pursuant to SEC Rule 12b-1. Class Y shares may be purchased only by certain institutional investors set forth in each fund's prospectus.

5. The style box reveals a fund's investment strategy by displaying the fund's investment style and the market capitalization of the stocks owned.

6. Information is subject to change and is not intended to represent any past or future investment recommendations. Quality ratings obtained from Standard & Poor's. For securities not rated by Standard & Poor's, ratings obtained from Moody's.