Fund Detail

InvestEd 50 Portfolio

Track Fund
$9.71 NAV as of 9/25/2020
$0.06 / 0.62% Daily NAV Change
YTD (NAV) as of 9/25/2020 i

Fund Summary

To seek to provide total return through a combination of capital appreciation and current income.
The Portfolio seeks to maintain an approximate allocation ratio of 50% equity securities and 50% fixed income securities. By allocating its assets approximately evenly between equities and fixed income securities via investments in the Underlying Equity Funds and Underlying Fixed Income Funds, respectively, the Portfolio is susceptible to elevated levels of short-term market fluctuations. It is most appropriate for investors who have an average tolerance for risk and a medium-term investment horizon, and who do not expect to incur expenses for higher education for at least seven years.
Portfolio Management
  • Chace Brundige, CFA

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 27 Years in Industry
  • Aaron D. Young

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 15 Years in Industry
  • W. Jeffery Surles, CFA

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 19 Years in Industry
Documents
Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL
Daily Prices as of 9/25/2020
Net Asset Value (NAV) $9.71  
Daily NAV Change $0.06 0.62%
Weekly NAV Change ($0.07) -0.72%
Public Offering Price (POP) $9.96
Fund Facts
Ticker Symbol WAAHX
CUSIP 46132D873
Fund Code 808
Fund Type InvestEd
Fund Inception 9/1/2020
Class Inception 9/1/2020
Fiscal Year End December
Dividends Paid December
Fund Assets
-
Morningstar Category Allocation--50% to 70% Equity
Benchmark39% Bloomberg Barclays U.S. Universal Index + 34% Russell 3000 Index + 16% MSCI ACWI ex U.S.A. IMI Index + 11% Bloomberg Barclays 1-3 Year Gov/Credit Index
BenchmarkBBgBarc US Universal TR USD
BenchmarkRussell 3000 TR USD
BenchmarkMSCI ACWI Ex USA IMI NR USD
BenchmarkBloomberg Barclays 1-3 Year Gov/Credit Index

Fund Performance

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.

All Ivy InvestEd 529 Plan investment options except Ivy Government Money Market Fund shares are charged a front-end sales load of 2.50% for purchases up to $250,000. Ivy Government Money Market Fund does not have a front-end sales load. For Breakpoints and Rights of Accumulation see the Ivy InvestEd 529 Plan Program Overview. An annual $20 account maintenance fee is not included in the calculations.

Monthly Rates of Return Average Annual Total Returns as of 8/31/2020

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Portfolio at NAV N/A N/A N/A N/A N/A N/A
Portfolio with 2.50% sales charge N/A N/A N/A N/A N/A N/A
39% Bloomberg Barclays U.S. Universal Index + 34% Russell 3000 Index + 16% MSCI ACWI ex U.S.A. IMI Index + 11% Bloomberg Barclays 1-3 Year Gov/Credit Index 6.11% 12.08% 7.77% 7.92% 7.85% -
BBgBarc US Universal TR USD 6.40% 6.41% 5.09% 4.61% 3.97% -
Russell 3000 TR USD 9.39% 21.44% 13.95% 13.86% 14.94% -
MSCI ACWI Ex USA IMI NR USD -2.97% 8.66% 2.56% 5.85% 5.43% -
Bloomberg Barclays 1-3 Year Gov/Credit Index 3.11% 3.66% 2.79% 2.15% 1.59% -
Morningstar Allocation--50% to 70% Equity 3.59% 9.68% 6.91% 7.43% 8.37% -

Quarterly Rates of Return Average Annual Total Returns as of 6/30/2020

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Portfolio at NAV N/A N/A N/A N/A N/A N/A
Portfolio with 2.50% sales charge N/A N/A N/A N/A N/A N/A
BBgBarc US Universal TR USD 5.17% 7.88% 5.15% 4.42% 4.11% -
Russell 3000 TR USD -3.48% 6.53% 10.04% 10.03% 13.72% -
Bloomberg Barclays 1-3 Year Gov/Credit Index 2.88% 4.20% 2.87% 2.11% 1.63% -
Morningstar Allocation--50% to 70% Equity -3.58% 2.30% 5.04% 5.22% 7.88% -

Calendar Year Return

2015201620172018201920102011201220132014200520062007200820092004
BBgBarc US Universal TR USD0.43 3.91 4.09 -0.25 9.29 7.16 7.40 5.53 -1.35 5.56 2.72 4.97 6.50 2.38 8.60 4.97
Russell 3000 TR USD0.48 12.74 21.13 -5.24 31.02 16.93 1.03 16.42 33.55 12.56 6.12 15.72 5.14 -37.31 28.34 11.95
Bloomberg Barclays 1-3 Year Gov/Credit Index0.65 1.28 0.84 1.60 4.03 - - - - - - - - - - -

Expense Ratios as of 9/1/2020

Net 0.86%
Gross 0.86%

Fund Distributions

Historical Prices Inception 9/1/2020

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Fund Documents

Portfolio Allocation Ranges (as of the most recent prospectus)
Low High
Ivy Securian Core Bond Fund 0.0 % 35.0 %
Ivy Government Securities Fund 0.0 % 35.0 %
Ivy Corporate Bond Fund 0.0 % 35.0 %
Ivy ProShares S&P 500 Dividend Aristocrats Index Fund 0.0 % 25.0 %
Ivy Value Fund 0.0 % 25.0 %
Ivy Large Cap Growth Fund 0.0 % 25.0 %
Ivy Limited-Term Bond Fund 0.0 % 25.0 %
Ivy Core Equity Fund 0.0 % 25.0 %
Ivy Government Money Market Fund 0.0 % 25.0 %
Ivy Pzena International Value Fund 0.0 % 20.0 %
Ivy International Core Equity Fund 0.0 % 20.0 %
Ivy Crossover Credit Fund 0.0 % 20.0 %
Ivy High Income Fund 0.0 % 20.0 %
Ivy Apollo Strategic Income Fund 0.0 % 20.0 %
Ivy Global Growth Fund 0.0 % 20.0 %
Ivy Global Bond Fund 0.0 % 20.0 %
Ivy Small Cap Core Fund 0.0 % 10.0 %
Ivy ProShares Russell 2000 Dividend Growers Index Fund 0.0 % 10.0 %
Ivy Mid Cap Growth Fund 0.0 % 10.0 %
Ivy International Small Cap Fund 0.0 % 10.0 %
Ivy LaSalle Global Real Estate Fund 0.0 % 10.0 %
Ivy Mid Cap Income Opportunities Fund 0.0 % 10.0 %
Ivy Emerging Markets Equity Fund 0.0 % 10.0 %
Ivy Small Cap Growth Fund 0.0 % 10.0 %

The table above does not include allocation ranges for the iShares Core S&P 500 ETF and the iShares Core MSCI EAFE ETF. For the InvestEd 50 Portfolio, those ranges are 0%-25% and 0%-20%, respectively, as of the most recent prospectus.

iShares® is a registered trademark of BlackRock (BlackRock, Inc. and its subsidiaries). Neither BlackRock nor the iShares® Funds make any representations regarding the advisability of investing in the InvestEd Portfolios.

Fund Documents

Documents

Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL

Additional Fund Literature

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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.

Risk Factors: Past performance is not a guarantee of future results. An investment in the Portfolio is subject to risk. Your investment return and principal value will fluctuate, and it is possible to lose money by investing. The Portfolio's performance is generally subject to the same risks as those of the Underlying Funds it holds. The Portfolio invests in Underlying Equity Funds, for which a principal risk is market risk, the chance that stock prices overall will decline over short or even long periods of time. International investing involves additional risks including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets.

The Portfolio invests in Underlying Fixed Income Funds subject to interest rate risk and, as such, the net asset value of the Portfolio may fall as interest rates rise. Investing in below investment grade securities may carry a greater risk of nonpayment of interest or principal than higher-rated bonds. The Portfolio may invest in a limited number of Underlying Funds and may invest a significant portion of its assets in a single Underlying Fund. Therefore, the performance of a single Underlying Fund may have a significant effect on the performance of the Portfolio and the price of its shares than it would if the Portfolio invested in a larger number of Underlying Funds. These and other risks can be found in the InvestEd Portfolios prospectus.

You could lose money by investing in the Ivy Government Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.


Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the Ivy InvestEdSM 529 Plan. This and other information is found in the InvestEdSM Portfolios prospectus, and the Ivy Funds prospectus, the Ivy InvestEdSM 529 Plan Program Overview, and the Ivy InvestEdSM 529 Plan Account Application. All of these items are available from these links or from a financial advisor. Please read the prospectus carefully before investing.

Before investing, non-residents or tax-payers of states other than Arizona should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors than those offered under the Ivy InvestEdSM 529 Plan. Please consult your tax advisor regarding your personal tax situation.

Accounts are not insured by the State of Arizona, the Arizona Family College Savings Program Trust Fund (“the Trust”), the Arizona Commission for Postsecondary Education ("the Trustee") or any other governmental entity, Ivy Distributors, Inc., or any affiliated or related party, and neither the principal deposited nor any investment return is guaranteed by any of the above referenced parties. As of October 1, 2020, the Arizona State Board of Investment will become Trustee of the Trust, replacing the Arizona Commission for Postsecondary Education. Also, as of October 1, 2020, the Arizona State Treasurer’s Office will become Administrator of the Arizona Family College Savings Program. After October 1, 2020, all references to the Trustee and the Arizona Commission for Postsecondary Education shall refer collectively to the Arizona State Board of Investment and the Arizona State Treasurer’s Office.

Index Description: The Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index. Source: Bloomberg Barclays. It is not possible to invest directly in an index.

Index Description: The Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index. Source: Bloomberg Barclays. It is not possible to invest directly in an index.

Index Description: The Russell 3000® Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000® Index is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected. Source: FTSE Russell. It is not possible to invest directly in an index.

Index Description: The Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index is the 1-3 year component of the Bloomberg Barclays U.S. Government/Credit Index. It includes investment grade, U.S. dollar-denominated, fixed-rate Treasuries, government-related and corporate securities. To be included in the index, securities must have at least one, and up to, but not including three years to maturity. Source: Bloomberg Barclays. It is not possible to invest directly in an index.

Index Description: The MSCI ACWI ex USA Investable Market Index (IMI) - (Net) captures large, mid and small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 26 Emerging Markets (EM) countries. The index covers approximately 99% of the global equity opportunity set outside the US. Source: MSCI. It is not possible to invest directly in an index.

Index Description: The Current Blended Benchmark is computed using a combination of 39% Bloomberg Barclays U.S. Universal Index + 34% Russell 3000 Index + 16% MSCI ACWI ex U.S.A. IMI Index + 11% Bloomberg Barclays 1-3 Year Gov/Credit Index.

Pricing: All prices and year-to-date returns are based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time. YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

Style Analysis: The Morningstar Style Box reveals a fund's investment style. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration. Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by the following Nationally Recognized Statistical Rating Organizations (NRSROs): Moody's, Standard & Poor's, Fitch, and Egan-Jones. If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time. For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.

When a fund's share class has less than a year of performance to report, the returns shown are cumulative.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance, and does not include the effects of sales charges. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

© 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Information is subject to change and is not intended to represent any past or future investment recommendations.