Fund Detail

Ivy Focused Energy NextShares

Track Fund
$17.45 NAV as of 11/24/2017
$0.06 / 0.36% Daily NAV Change
-18.62% YTD (NAV) as of 11/24/2017 i

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Fund Summary

Focused on quality with a long-term approach
Experience That Counts
The co-portfolio managers have a combined 35 years of 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 as well as investment in secular change.
Long-Term View
The Fund's approach seeks potential opportunities around the world, including growing demand in developing markets. Current themes include 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
Growth of a $10,000 Investment through 10/31/2017

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.

Documents
Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL
Daily Prices as of 11/24/2017
Net Asset Value $17.45  
NAV Change Rate $0.06  
Share Price (as of 11/21/2017) $17.24  
Share Price Change Rate (as of 11/21/2017) $0.05  
Share Price Percent Change Rate (as of 11/21/2017) 0.29%  
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 10/31/2017)
$7.2 mil
Total Equity Holdings
(as of 10/31/2017)
25
Total Holdings
(as of 10/31/2017)
26
Portfolio Turnover Rate
(as of 6/30/2017)
18%
Lipper Category Natural Resources Funds
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 10/31/2017

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV -20.66% -9.97% N/A N/A N/A -14.43% 10/17/2016
Fund After Taxes Pre-Liquidation -20.66% -9.97% N/A N/A N/A -14.43% 10/17/2016
Fund After Taxes Post-Liquidation -11.69% -5.64% N/A N/A N/A -10.99% 10/17/2016
S&P 1500 Energy TR -8.54% 1.61% -6.08% 0.58% 0.46% -0.60% N/A
Lipper Natural Resources Funds -9.44% 1.26% -8.99% -1.73% -2.75% N/A 10/17/2016
Fund at Market Price -20.65% -9.94% N/A N/A N/A -14.39% 10/17/2016

Quarterly Rates of Return Average Annual Total Returns as of 9/30/2017

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV -18.80% N/A N/A N/A N/A -12.95% 10/17/2016
Fund After Taxes Pre-Liquidation -18.80% N/A N/A N/A N/A -12.95% 10/17/2016
Fund After Taxes Post-Liquidation -10.64% N/A N/A N/A N/A -7.33% 10/17/2016
S&P 1500 Energy TR -7.76% -0.91% -6.84% 0.34% 0.71% 0.23% N/A
Lipper Natural Resources Funds -9.14% -2.54% -10.62% -1.98% -2.11% N/A 10/17/2016
Fund at Market Price -18.79% N/A N/A N/A N/A -12.90% 10/17/2016

Lipper Ranking through 10/31/2017

Category: Natural Resources Funds

  Rank Percentile
1 Year 73 /89 82

Rankings are based on average annual total returns, but do not consider sales charges.

Expense Ratios as of 10/31/2017

Net 0.95%
Gross 4.16%

Growth of a $10,000 Investment through 10/31/2017

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.

Fund Distributions

Historical Prices Inception 10/17/2016

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

12-Month Trailing Dist. Yield as of 10/31/2017

NAV 0.00%
With Sales Charge 0.00%

Fund Documents

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

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. 5.63%
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. 5.62%
Schlumberger Ltd. Schlumberger Limited operates as an oilfield services company in the United States and internationally. 5.60%
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.  4.87%
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. 4.81%
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. 4.80%
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. 4.77%
U.S. Silica Holdings, Inc. U.S. Silica Holdings, Inc. produces and sells commercial silica in the U.S. 3.92%
RSP Permian, Inc. 3.87%
Devon Energy Corp. 3.82%
Total Portfolio Holdings DOWNLOAD (as of 9/30/2017)
updated quarterly, upon availability
Top 10 Industry Allocation (as a % of Equity Holdings as of 10/31/2017)
Oil & Gas Exploration & Production 53.2%
Oil & Gas Equipment & Services 30.1%
Integrated Oil & Gas 6.9%
Oil & Gas Refining & Marketing 4.0%
Oil & Gas Drilling 2.9%
Oil & Gas Storage & Transportation 2.9%
Sector Allocation as a % of equity assets as of 10/31/2017
Energy 100.00%
Portfolio Composition as a % of net assets as of 10/31/2017
Domestic Common Stock 89.37%
Foreign Common Stock 5.72%
Cash and Cash Equivalents 4.91%
Equity Country Allocation as a % of equity assets as of 10/31/2017
United States 94.0%
Netherlands 3.1%
Canada 2.9%
Total Portfolio Holdings
DOWNLOAD (as of 9/30/2017)

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. The Fund typically holds a limited number of stocks (generally 15 to 25). As a result, the appreciation or depreciation of any one security held by the Fund may have a greater impact on the Fund's NAV than it would if the Fund invested in a larger number of securities. 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. There can be no guarantee that an active trading market for shares will develop or be maintained, or that their listing will continue 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, 2018, 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.

Effective Oct. 31, 2017, Ivy Energy NextShares was renamed Ivy Focused Energy NextShares and its investment strategy was revised.

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.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the fund will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

12-Month Trailing Distribution Yield: at NAV refers to the 12-month historical cash flow paid over the past 12 months in dividends, divided by the past months ending NAV.

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.