Related Material

Fund Detail

Ivy Dividend Opportunities Fund
Class A Shares

View another fund/share class

Fund Facts 
Ticker Symbol
IVDAX
CUSIP
465898666
Fund Code
686
Fund Type
Domestic Equity Funds
Fund Inception
06/30/2003
Class Inception
06/30/2003
Fiscal Year End
March
Dividends Paid
Quarterly
Net Assets (as of 06/30/2010)
$236.3 mil
Total Holdings (as of 06/30/2010)
59
Turnover Rate (as of 03/31/2010)
46%
Lipper Category
Equity Income
Morningstar Category
Large Blend
Benchmark
Russell 1000

Daily Prices5

Updated 9/9/2010
Net Asset Value (NAV) $12.87
NAV Change ($) $0.05
NAV Change (%) 0.39%
Weekly NAV Change ($) -$0.05
Weekly NAV Change (%) -0.39%
Public Offering Price (POP) $13.66

   Historical Prices & Distributions

   
   

Fund Description
Fund Objective 
To provide total return.
 
Investment Approach 
The Fund invests primarily in dividend-paying common stocks of large companies that we believe may accelerate or grow their dividend payout ratio and that also demonstrate favorable prospects for long-term capital growth. The portfolio manager focuses on companies with high dividend yields considered relatively safe; with above average market yield that the manager expects will continue to maintain or grow; that pay a small dividend that could grow, or no dividend, but may initiate a dividend. Other factors for portfolio selection include a company's established operating history, profitability record, management and leadership position in its industry.
 
  Morningstar Style Box6

Returns and Expenses1, 2, 3, 4
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 1.01% -9.03% 0.05% N/A 4.08%
Fund with maximum 5.75% sales charge -4.80% -10.81% -1.13% N/A 3.22%

  Quarterly Rates of Return

  Average Annual Total Returns
  as of 6/30/2010
  1yr 3yr 5yr 10yr Lifetime
Fund at NAV 5.40% -9.85% 0.34% N/A 3.69%
Fund with maximum 5.75% sales charge -0.66% -11.61% -0.84% N/A 2.82%
Russell 1000 15.24% -9.54% -0.56% -1.22% 3.26%
Lipper Equity Income 14.37% -9.36% -0.25% 2.25% 3.53%

Expense Ratios 
as of 07/31/2010
Net  1.40%
Gross  1.40%

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. Formerly known as Ivy Dividend Income Fund.

2. Performance at NAV does not include the effect of sales charges. Class A shares, including sales charges, reflects the maximum applicable front-end sales load.

3. Russell 1000 is an unmanaged index comprised of securities that represent the stock market. It is not possible to invest directly in an index.

4. 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: Equity Income
  Rank Percentile
1 Year 275/280 98
3 Year 140/238 59
5 Year 80/192 42

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 1810 Large Blend)
3 Year   (out of 1810 Large Blend)
5 Year   (out of 1486 Large Blend)

Rankings are based on risk-adjusted returns.

Holdings
Portfolio Composition7
(as a % of net assets as of 06/30/2010)
Common Stock 90.0%
Cash 6.0%
Foreign Stock 4.0%
Sector Allocation7
(as a % of equity holdings as of 06/30/2010)
Industrials 18.5%
Energy 17.6%
Financials 15.2%
Information Technology 12.8%
Consumer Staples 11.6%
Consumer Discretionary 11.5%
Materials 7.2%
Healthcare 4.1%
Telecommunication Services 1.6%
Top 10 Equity Holdings7
(as a % of net assets as of 06/30/2010)
Microchip Technology Incorporated 3.8%
Schlumberger Limited 3.4%
Capital One Financial Corporation 3.2%
Halliburton Company 3.1%
Deere & Company 3.0%
Union Pacific Corporation 3.0%
Philip Morris International Inc. 3.0%
JPMorgan Chase & Co. 2.7%
Emerson Electric Co. 2.6%
Colgate-Palmolive Company 2.6%
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
 David P. Ginther, CPA  Ivy Investment Management Company  15  6

5. 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.

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

7. 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.