Fund Detail

Ivy Focused Growth NextShares

Track Fund
$29.14 NAV as of 11/13/2018
($0.03) / -0.10% Daily NAV Change
11.72% YTD (NAV) as of 11/13/2018 i

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Fund Summary

Seeking quality growth companies with competitive advantage
High conviction
A concentrated, high active share, low turnover portfolio.
Quality Growth
Focuses on those relatively few business franchises that can preclude and mitigate competition through identifiable competitive advantages. A bottom-up stock process that identifies companies with higher growth rates, higher profitability, lower debt to capital ratios and lower dividend yields relative to peers and benchmark.
Experienced Management
Management team has managed large-cap growth strategies for nearly 30 years and has 40+ years of professional investment experience.
Morningstar Style Box
Value Blend Growth
Large
Medium
Small
Portfolio Management
  • Bradley M. Klapmeyer, CFA

    • — Ivy Investment Management Company
    • — 2 Years with Fund
    • — 18 Years in Industry
Growth of a $10,000 Investment through 10/31/2018

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 11/13/2018
Net Asset Value $29.14  
NAV Change Rate ($0.03)  
Share Price (as of 11/13/2018) $29.14  
Share Price Change Rate (as of 11/13/2018) ($0.03)  
Share Price Percent Change Rate (as of 11/13/2018) -0.10%  
Fund Facts
Ticker Symbol IVFGC
CUSIP 466013109
Fund Code 189
Fund Type Domestic Equity
Fund Inception 10/17/2016
Class Inception 10/17/2016
Fiscal Year End June
Dividends Paid December
Fund Assets
(as of 10/31/2018)
$12.6 mil
Total Equity Holdings
(as of 10/31/2018)
25
Total Holdings
(as of 10/31/2018)
26
Portfolio Turnover Rate
(as of 6/30/2018)
35%
Morningstar Category Large Growth
Lipper Category Large-Cap Growth Funds
BenchmarkRussell 1000 Growth TR USD

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 10/31/2018

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV 12.46% 15.75% N/A N/A N/A 21.05% 10/17/2016
Fund After Taxes Pre-Liquidation 12.46% 15.63% N/A N/A N/A 20.96% 10/17/2016
Fund After Taxes Post-Liquidation 7.38% 9.39% N/A N/A N/A 16.39% 10/17/2016
Russell 1000 Growth TR USD 6.62% 10.71% 13.67% 13.43% 15.45% - N/A
Morningstar Large Growth 5.30% 8.70% 11.25% 11.05% 13.73% - N/A
Fund at Market Price 12.46% 15.74% N/A N/A N/A - 10/17/2016

Quarterly Rates of Return Average Annual Total Returns as of 9/30/2018

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV 23.24% 31.41% N/A N/A N/A 27.92% 10/17/2016
Fund After Taxes Pre-Liquidation 23.24% 31.27% N/A N/A N/A 27.82% 10/17/2016
Fund After Taxes Post-Liquidation 13.76% 18.66% N/A N/A N/A 21.80% 10/17/2016
Russell 1000 Growth TR USD 17.09% 26.30% 20.55% 16.58% 14.31% - N/A
Morningstar Large Growth 15.64% 23.18% 17.68% 14.02% 12.60% - N/A
Fund at Market Price 23.23% 31.40% N/A N/A N/A - 10/17/2016

Calendar Year Return

201320142015201620172008200920102011201220032004200520062007
Class A- - - - 30.14 - - - - - - - - - -
Russell 1000 Growth TR USD33.48 13.05 5.67 7.08 30.21 -38.44 37.21 16.71 2.64 15.26 29.75 6.30 5.26 9.07 11.81

Morningstar Ranking through 10/31/2018

Category: Large Growth

  Rank Percentile
1 Year 54 /1427 5

Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category. The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.

Expense Ratios as of 10/31/2018

Net 0.78%
Gross 2.58%

Growth of a $10,000 Investment through 10/31/2018

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

Historical Distributions Inception 10/17/2016

Ex-date Income Capital Gains Reinvest Gains Payment Date

*Special Dividend
The table includes the daily prices at NAV (net asset value) for the history of this fund's selected share class. NAV is the amount per share you would receive if you sold shares that day.

12-Month Trailing Dist. Yield as of 10/31/2018

NAV 0.23%
With Sales Charge 0.23%

Fund Documents

Top 10 Equity Holdings as a % of net assets as of 10/31/2018

Microsoft Corp. Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses and supports a wide range of software products for computing devices. 9.16%
Apple, Inc. Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions worldwide. 8.40%
Apple, Inc. 8.40%
MasterCard, Inc., Class A MasterCard Incorporated (MasterCard) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks. 6.98%
Amazon.com, Inc. Amazon.com, Inc. operates as an online retailer in North America and internationally. 5.80%
Amazon.com, Inc. 5.78%
Alphabet, Inc., Class C Alphabet Inc. operates as a holding company that, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products. 5.73%
Adobe, Inc. 5.53%
CME Group, Inc. CME Group Inc., a U.S. company, is the world's leading and most diverse derivatives marketplace. It owns and operates large derivatives and futures exchanges in Chicago and New York, as well as online trading platforms.  4.96%
Zoetis, Inc. Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide 4.83%
Total Portfolio Holdings DOWNLOAD | (as of 9/30/2018)
updated quarterly, upon availability
Market Capitalization

Data not yet available.

Top 10 Industry Allocation (as a % of Equity Holdings as of 10/31/2018)
Technology Hardware, Storage & Peripherals 15.1%
Data Processing & Outsourced Services 14.6%
Interactive Media & Services 11.7%
Application Software 11.2%
Systems Software 8.2%
Pharmaceuticals 7.9%
Internet & Direct Marketing Retail 5.2%
Financial Exchanges & Data 4.5%
Home Improvement Retail 3.4%
Managed Health Care 3.2%
Sector Allocation as a % of equity assets as of 10/31/2018
Information Technology 49.12%
Communication Services 14.00%
Health Care 11.95%
Consumer Discretionary 11.30%
Financials 7.14%
Industrials 6.49%
Portfolio Composition as a % of net assets as of 10/31/2018
Domestic Common Stock 111.41%
Cash and Cash Equivalents -11.41%
Equity Country Allocation as a % of equity assets as of 10/31/2018
United States 100.0%
Total Portfolio Holdings
DOWNLOAD (as of 9/30/2018)

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 primarily in a single asset class (large cap) may be more risky and volatile than an investment with greater diversification. Growth stocks may be more volatile or not perform as well as value stocks or the stock market. These and other risks are more fully described in the Fund's prospectus.

Index Description: The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. 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.

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.

Co-portfolio Manager Daniel P. Becker, CFA, left the firm effective April 12, 2018

Fee Waiver and/or Expense Reimbursement: Through October 31, 2019, 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, have contractually agreed to reimburse sufficient management fees and/or accounting and administrative services fees to cap the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) at 0.78%. Prior to that date, the expense limitation may not be terminated without the consent of 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.

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.

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.

© 2018 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.

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.