Fund Detail

Ivy Energy NextShares

Track Fund
$16.50 NAV as of 9/19/2017
$0.00 / 0.01% Daily NAV Change
-23.03% YTD (NAV) as of 9/19/2017 i

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Fund Summary

Focused on quality with a long-term approach
Experience that counts
The co-portfolio managers have more than 30 years of combined investment experience and Co-Portfolio Manager David Ginther also has a decade of international experience with a major oil company.
Focus on fundamentals
A disciplined process focuses on long-term fundamentals that drive stock performance and investment in long-term secular change.
Long-term view
Seeks potential opportunities around the world including those based on demand in emerging markets, such as China and India. Current themes include a focus on U.S. shale oil and supporting companies.
Portfolio Management
  • David P. Ginther, CPA

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 22 Years in Industry
  • Michael T. Wolverton, CFA

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 13 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 9/19/2017
Net Asset Value $16.50  
NAV Change Rate $0.00  
Share Price (as of 9/18/2017) $16.50  
Share Price Change Rate (as of 9/18/2017) $0.11  
Share Price Percent Change Rate (as of 9/18/2017) 0.67%  
Fund Facts
Ticker Symbol IVENC
CUSIP 466013307
Fund Code 188
Fund Type Specialty Funds
Fund Inception 10/17/2016
Class Inception 10/17/2016
Fiscal Year End June
Dividends Paid December
Fund Assets
(as of 8/31/2017)
$6.5 mil
Total Equity Holdings
(as of 8/31/2017)
43
Total Holdings
(as of 8/31/2017)
44
Portfolio Turnover Rate
(as of 6/30/2017)
18%
BenchmarkS&P 1500 Energy TR

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.

Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

Monthly Rates of Return Average Annual Total Returns as of 8/31/2017

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV -28.90% N/A N/A N/A N/A -23.77% 10/17/2016
S&P 1500 Energy TR -16.50% -7.42% -12.27% -0.98% 0.49% -9.26% N/A
Fund at Market Price -28.88% N/A N/A N/A N/A -23.72% 10/17/2016

Quarterly Rates of Return Average Annual Total Returns as of 6/30/2017

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV -23.41% N/A N/A N/A N/A -17.89% 10/17/2016
S&P 1500 Energy TR -13.82% -5.07% -11.74% 0.92% 0.91% -6.36% N/A
Fund at Market Price -23.40% N/A N/A N/A N/A -17.84% 10/17/2016

Expense Ratios as of 10/31/2016

Net 0.95%
Gross 1.88%

Fund Distributions

Historical Prices Inception 10/17/2016

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Fund Documents

Top 10 Equity Holdings as a % of net assets as of 8/31/2017

Schlumberger Ltd. Schlumberger Limited operates as an oilfield services company in the United States and internationally. 4.68%
Halliburton Co. Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide. 4.65%
EOG Resources, Inc. EOG Resources, Inc., explores, develops, produces and markets natural gas and crude oil primarily in producing basins in the United States, Canada, The Republic of Trinidad and Tobago, the United Kingdom, and The People's Republic of China. 4.44%
Continental Resources, Inc. Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States. 4.28%
RPC, Inc. RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the U.S., Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East and New Zealand. 4.15%
Parsley Energy, Inc., Class A Parsley Energy is an independent oil and natural gas company with operations in the Permian Basin that develops unconventional oil and natural gas reserves.  3.93%
Pioneer Natural Resources Co. Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa. 3.74%
Cimarex Energy Co. Cimarex Energy Company operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. The company owns interests in 4,160 net productive oil and gas wells. 3.43%
Diamondback Energy, Inc. 3.21%
Concho Resources, Inc. Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the U.S. 3.16%
Total Portfolio Holdings DOWNLOAD (as of 6/30/2017)
updated quarterly, upon availability
Top 10 Industry Allocation (as a % of Equity Holdings as of 8/31/2017)
Oil & Gas Exploration & Production 47.7%
Oil & Gas Equipment & Services 31.3%
Oil & Gas Storage & Transportation 8.3%
Integrated Oil & Gas 4.6%
Oil & Gas Drilling 3.8%
Oil & Gas Refining & Marketing 2.2%
Data Processing & Outsourced Services 2.2%
Sector Allocation as a % of equity assets as of 8/31/2017
Energy 97.84%
Information Technology 2.16%
Portfolio Composition as a % of net assets as of 8/31/2017
Domestic Common Stock 87.04%
Foreign Common Stock 9.19%
Cash and Cash Equivalents 3.77%
Equity Country Allocation as a % of equity assets as of 8/31/2017
United States 90.5%
Netherlands 3.7%
Canada 2.4%
Switzerland 2.0%
Bermuda 1.5%
Total Portfolio Holdings
DOWNLOAD (as of 6/30/2017)

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: 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. Investing in companies involved in one specified sector may be more risky and volatile than an investment with greater diversification. Investing in the energy sector can be riskier than other types of investment activities because of a range of factors, including price fluctuation caused by real and perceived inflationary trends and political developments, and the cost assumed by energy companies in complying with environmental safety regulations. These and other risks are more fully described in the Fund's prospectus.

Index Description: S&P 1500 Energy Sector is an unmanaged index comprised of securities that represent the energy sector of the stock market. It is not possible to invest directly in an index.

Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of an Ivy NextShares exchange-traded managed fund. This and other important information is contained in the prospectus and summary prospectus, which may be obtained here or from a financial advisor. Read it carefully before investing.

About NextShares: Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs. Trading prices are linked to the NextShares next-computed NAV and will vary by a market-determined premium or discount, which may be zero; may be above, at or below NAV; and may vary significantly from anticipated levels. Purchase and sale prices will not be known until the NextShares NAV is determined at the end of the trading day. NextShares do not offer the opportunity to transact intraday based on current (versus end-of-day) determinations of a fund's value. Limit orders can be used to control differences in trade prices versus NAV (cost of trade execution), but cannot be used to control or limit execution price. Buying and selling NextShares may require payment of brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a shareholder’s NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than he or she acquired the shares.

Ivy NextShares are a new type of fund. NextShares funds have a limited operating history and may not be available at all broker/dealers. There is no guarantee that an active trading market for NextShares funds will develop or be maintained, or that their listings will continue or remain unchanged.

Please remember that an investment in an Ivy NextShares exchange-traded managed fund involves risk. Investment return and principal value of an Ivy NextShares investment will fluctuate, and when redeemed, may be worth more or less than its original cost.

NextShares™ is a trademark of NextShares Solutions LLC. All rights reserved. Used with permission.

Market trading prices of NextShares are linked to the fund's next-computed net asset value (NAV) and will vary from NAV by a market-determined premium or discount, which may be zero.

Fee Waiver and/or Expense Reimbursement: Through Oct. 31, 2017, Ivy Investment Management Company (IICO), the Fund’s investment manager, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund’s accounting and administrative services agent, has contractually agreed to reimburse sufficient management fees and/or accounting and administrative services fees to cap the total annual ordinary fund operating expenses at 0.95%. Prior to that date, the expense limitation may not be terminated by IICO, WISC or the Board of Trustees.

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.

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

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

Ivy NextShares funds are managed by Ivy Investment Management Company and are distributed by ALPS Distributors, Inc.

ALPS Distributors, Inc., NextShares Solutions LLC, and Ivy Investment Management Company or Ivy Distributors, Inc. (or their affiliates), are all unaffiliated companies.